Changes in Hong Kong stocks | China Financial Insurance (02328) rose more than 5% in early trading, and core financial indicators hit a half-year high since the implementation of the new standards

The Zhitong Finance App learned that China Financial Insurance (02328) rose more than 5% in early trading. As of press release, it had risen 4.51% to HK$16.7, with a turnover of HK$176 million.

According to the news, China Financial Insurance released interim results. In the first half of the year, it achieved original insurance premium income of 327.529 billion yuan, up 1.3% year on year; insurance service revenue of 254.617 billion yuan, up 2.2% year on year; underwriting profit of 15.376 billion yuan, up 18.1% year on year; and net profit of 32.284 billion yuan, up 32.0% year on year.

Zhongtai Securities released a research report saying that China's financial insurance core financial indicators hit a record high in half a year since the implementation of the new standards. We expect net profit to be 416.60, 442.04, and 46.691 billion yuan in 2026-28, with year-on-year growth rates of 3.2%, 6.1%, and 5.6%. The company has both high dividend dividends and rising prosperity. The valuation ratio is expected to be further released and maintain the “buy” rating.