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Under the new accounting standards, performance fluctuations have increased! New China Life Insurance turned a loss into profit year-on-year in the fourth quarter of last year, but performance dropped sharply compared to the previous quarter.
①The net income for 2024 is expected to increase from 23.958 billion yuan to 25.7 billion yuan, a year-on-year growth of 175% to 195%; ②In the first three quarters of 2024, New China Life Insurance's investment income and fair value change income totaled 47.119 billion yuan; ③With the recovery of the capital markets and the increase in the proportion of equity asset allocation, New China Life Insurance's investment returns have surged.
Is the industry leader also under pressure? Poly Developments and Holdings Group's performance declines in 2024, initiating structural adjustments.
Poly Developments and Holdings Group recently announced adjustments to its organizational structure, mainly involving the merger of regional companies and personnel changes; before and after this restructuring by Poly Developments and Holdings Group, it coincides with the announcement of a decline in revenue and net profit for 2024.
Another 20 companies added this week! Zhejiang Huayou Cobalt and several other stocks have disclosed shareholding repurchase and loan plans, a list of related A-shares is provided.
① The number of A-share listed companies receiving special loan support continues to expand. According to incomplete Statistics, as of this report, 20 listed companies have disclosed information regarding share repurchase and increased shareholding related to re-loaning this week (attached table); ② Zhejiang Huayou Cobalt has the highest amount of special loan funds, with a loan of 0.36 billion yuan.
The preliminary performance forecast indicates that the Industrial Bank, which no longer follows the old path, has returned to growth.
Both revenue and net profit increased.
Insurance capital's first move in the New Year! "Major shareholder" Ping An Life has taken a stake in Postal Savings Bank Of China.
Previously, insurance funds increased their stakes in multiple Banks stocks.
The minimum payment ratio for credit cards has hit a new low, with Bank Of Communications lowering it to 2% for certain customers, while several major banks still maintain 10%.
① Bank Of Communications plans to adjust the minimum repayment ratio for some credit card customers from 5% to 2% in the near future. ② Bank Of Communications is the first state-owned bank to make such an adjustment this year, and this repayment ratio is currently the lowest in the market. ③ Currently, the default minimum repayment ratio for most credit cards from Bank Of China, Industrial And Commercial Bank Of China, and Postal Savings Bank Of China is 10%; Agricultural Bank Of China has some credit card products at 5%, while others still operate at 10%.