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PICC P&C (02328.HK) signed a vehicle spare parts procurement contract with Bang Bang Auto Services.
On April 17, Gulonghui reported that PICC P&C (02328.HK) announced that on April 17, 2025, the company signed a vehicle parts procurement contract with Bangbang Automotive Service. The contract is valid for one year, from April 17, 2025, to April 16, 2026. According to the contract, the company will purchase the parts needed for the repair of insured accident vehicles from Bangbang Automotive Service, which will deliver the contracted goods to the company, be responsible for the transportation, installation, and commissioning of the goods, and provide warranty, maintenance, consultation, and training services to the company. The company will pay Bangbang Automotive Service for the vehicle parts.
Express News | PICC Property and Casualty - Entered Into an Auto Spare Parts Procurement Contract With Bangbang Auto Sales & Services
[Brokerage Focus] Soochow maintains a "Buy" rating on PICC P&C (02328), Bullish on the company's future ability to maintain a leading industry underwriting profitability.
Jinwu Financial News | Soochow released a Research Report indicating that PICC P&C (02328) issued a performance forecast for Q1 2025: Net income is expected to increase by 80%-100% year-on-year, calculating to approximately 10.6-11.7 billion yuan. The net income attributable to the parent company for the same period in 2024 was 5.9 billion yuan, a year-on-year decrease of 38.3%. The announcement stated that the reasons for the performance increase are mainly: ① Optimization of cost input, improvement of business structure, promotion of risk reduction services, along with a decrease in major disaster losses year-on-year, leading to a significant year-on-year increase in underwriting profits. ② Moderately increasing the allocation of high-quality equity assets with long-term value, benefiting from the overall recovery of the Capital Markets in the first quarter, the company.
April 16 Insurance Daily | Four departments issued the overall Statistics system for the financial "Five Major Articles," with Insurance capital accelerating its layout for long-term Stocks investment pilots.
On April 15, the People's Bank of China announced that recently, the People's Bank of China, in conjunction with the Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange, jointly issued the provisional overall statistical system for the "Five Major Articles of Finance".
PICC P&C (02328.HK) plans to hold a Board of Directors meeting on April 29 to approve the first-quarter performance.
On April 15, the announcement from PICC P&C (02328.HK) stated that the Board of Directors will hold a meeting on Tuesday, April 29, 2025, to review and approve the unaudited first quarter performance for the three months ending March 31, 2025, and its publication.
PICC P&C: DATE OF BOARD MEETING
