Petrochina's net profit increased by 2% against the trend, and the green transformation accelerated, leading to a 116% surge in business | Earnings Reports insights.

On March 30th, Petrochina announced its annual report as of December 31, 2024, showing that the company achieved revenue of 2.94 trillion yuan for the year, a year-on-year decrease of 2.5%; Net income attributable to shareholders of the parent company was 164.684 billion yuan, an increase of 2.0%, with basic earnings per share of 0.90 yuan. The Board of Directors recommended a year-end dividend of 0.25 yuan per share for 2024, totaling approximately 45.755 billion yuan. Against the backdrop of weak global Energy demand and falling oil prices, Petrochina's performance in the 2024 fiscal year is commendable, with net income attributable to the parent company achieving new heights.

wallstreetcnMar 30 05:47 ET

The second company within 8 days! AVIC Industry-Finance Holdings plans to voluntarily (Delisted), with a premium of 0.10 on the Cash / Money Market option but still below net asset value | Quick read of the announcement.

① After a one-day suspension, it was announced to voluntarily delist; ② The current exercise price of the cash option is significantly lower than the net asset value per share.

cls.cnMar 28 21:48 ET

China Tourism Group Duty Free Corporation's revenue and net profit both decreased in 2024. Industry insiders expect that "this year's offshore duty-free sales will drop by another 20%" | Interpretations

China Tourism Group Duty Free Corporation announced that in 2024, it will achieve revenue of 56.474 billion yuan, a year-on-year decrease of 16.38%; the net income attributable to shareholders of the listed company will be 4.267 billion yuan, a year-on-year decrease of 36.44%; analysts expect that this year's sales of duty-free goods in Hainan will further decrease by about 25% compared to 2024.

cls.cnMar 28 11:29 ET

Direct coverage of The People's Insurance Earnings Conference: Executives discuss for the first time the accident rate in intelligent driving and the moderate allocation of high dividend rate equity Assets.

① Yu Ze introduced that after using Asia Vets driving, the accident rate has slightly decreased, and currently, the compensation rate is acceptable, but the main risk of Asia Vets driving lies in the collective risk brought about by OTA upgrades or system failures. ② It is necessary to continuously optimize the structure of Assets Hold Positions, steadily increase the proportion of OCI equity, and moderately allocate high dividend yield OCI equity assets. ③ The sensitivity of data in the Insurance Industry is extremely high, focusing on the challenges and opportunities brought by domestic large models.

cls.cnMar 28 11:06 ET

Last year, net additions exceeded 100 billion. China Life Insurance executives stated at the Earnings Conference: remain optimistic; the proportion of equity investment will be moderately increased by 2025.

① In 2024, the net increase in positions will exceed 100 billion for the whole year, and the proportion of equity Asset investments will moderately increase in 2025, continuing to steadily allocate high-dividend and low-volatility assets. ② It is necessary to consider the company's ability to pay after dividends and the impact of profit fluctuations, and to smooth the dividend levels.

cls.cnMar 27 08:51 ET

The People's Insurance: In 2024, net profit soared by 88.8%, investment return rate reached 5.6%, and property insurance underwriting profit fell sharply by 44%.

Key points: Profit soars, investment-driven: The People's Insurance Group's net income attributed to shareholders for 2024 reaches 42.151 billion yuan, a year-on-year surge of 88.8%, mainly driven by a significant increase in investment income. EPS nearly doubles: Basic EPS increases from 0.50 yuan in 2023 to 0.95 yuan, reflecting a growth rate of 90%. Revenue grows steadily: Insurance service income is 537.709 billion yuan, a year-on-year increase of 6.7%; original premium income is 693.015 billion yuan, a year-on-year increase of 4.7%. Investment returns are impressive: Total investment income amounts to 82.163 billion yuan, a year-on-year increase.

wallstreetcnMar 27 06:25 ET