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Announcement Highlights | Alibaba's revenue in the last quarter increased by 8% year-on-year; "Snow King" has started its IPO! The stock is priced at HKD 202.5 per share.
In the last quarter, Alibaba's Net income increased by over 300%; CHINA RES POWER's photovoltaic sales volume in January rose by 45%.
Sunshine Insurance Group Logs 22.4 Billion Yuan in January Premium Income
In January, SUNSHINE INS (06963.HK) had an original premium income of 22.403 billion yuan.
On February 20, Gelonghui reported that SUNSHINE INS (06963.HK) announced that in January 2025, the original insurance contract premium income of its subsidiaries, Sunshine Property Insurance Co., Ltd. and Sunshine Life Insurance Co., Ltd., was RMB 5.164 billion and RMB 17.239 billion respectively, totaling RMB 22.403 billion.
Express News | Sunshine Insurance - Jan Original Premium Income for Sunshine Property and Casualty Insurance RMB5.16 Bln
Insurance capital frequently welcomes policy dividends in the market. Are there still constraints? Voices from the Industry have emerged | Focus on long-term capital entering the market②
① Equity investments intensify the consumption of capital, and life insurance companies continue to face pressure for capital replenishment; ② The large minimum capital requirements significantly restrict the scale of insurance capital entering the market, creating a dilemma between capital occupation and returns for insurance companies; ③ The industry calls for the introduction of measures to reduce capital occupation and provide incentives.
Qing Song Group is pushing for an IPO in Hong Kong: divesting its crowdfunding Business, with revenue of 0.643 billion yuan in the first three quarters of last year, supported by Tencent, IDG, and SUNSHINE INS.
① Although the user base of Qingsong Group is large, growth has shown signs of fatigue. Active users have decreased from 70.5 million in 2022 to 50 million in the first three quarters of 2024. ② In December 2024, Qingsong Group completed the restructuring, injecting all online disease fundraising services and operations into Peking Zhongyi Internet Technology Co., Ltd., and will transfer all equity of Zhongyi Internet and Doer Hospital to the restructured Zhonglang Group.