Debt-for-equity Swaps have nearly doubled the returns of SPIC Industry-Finance Holdings in nuclear energy over five years, and China Life Insurance has raised stakes in SPIC Industry-Finance Holdings looking to establish an exit route.
① In 2018, China Life Insurance entered the electric investment in nuclear energy in the form of 8 billion in Debt-for-equity Swaps to ease the financial burden. The latest asset valuation of electric investment in nuclear energy is 57.123 billion yuan, and the value of shares held by China Life Insurance has reached 15.2 billion. In just five years, the returns have nearly doubled. ② Industry insiders believe that China Life Insurance initially held equity in real enterprises in a phased manner through Debt-for-equity Swaps, and now it can exit normally, obtaining shares of the listed company.
Why did Zhongjin and Silver once again become the "main characters of rumors" after the overnight announcement denying the merger?
"The truth and falsehood of 'stock swap mergers.'"
A major reveal of A-share performance in 2024: China Life Insurance earns over 100 billion to claim the title of 'Profit King', and the list of the top 20 pre-profit stocks is here.
① The performance forecast disclosure for A-share listed companies for 2024 has concluded, with China Life Insurance earning a whopping 112.6 billion yuan and claiming the title of "profit king"; ② Attached is the list of the top 20 stocks by performance profit for the 2024 annual report (attached table).
Net profit growth exceeds 70%, and the insurance industry's performance growth rate is on track to break a decade record.
Another listed insurance company has disclosed a "good news" report. On January 24, The People's Insurance announced that the company achieved a net profit attributable to the parent of 398.53-...
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.
Four executives have new positions, and Ping An Insurance has made adjustments to some executive roles.
Fu Xin also serves as the Chief Financial Officer, Fang Fang concurrently acts as the Chief Risk Officer, and Zhang Zhichun takes on the role of General Assistant and is responsible for auditing.
bullrider_21 OP HopelessChi : You said the China market decoupled that means it is rising. U.S. market to crash in 2nd half of year.
bullrider_21 OP HopelessChi : U.S. market will get buried in 2H23 and next year.