On September 4, PICC GROUP rose 3.01% in regular trading, trading at HKD 6.33/share, with turnover of HKD 115 million. The rally follows the company's recently disclosed interim results, which showed robust earnings growth and an enhanced shareholder return policy.

For the first half of the year, PICC GROUP reported total operating revenue of RMB 355.17 billion, up 9.6% year-over-year, while net profit attributable to shareholders reached RMB 37.45 billion, surging 40.42%. The primary driver was a significant improvement on the investment side, with total investment income jumping 62.7% to RMB 66.33 billion. On the underwriting front, PICC Property & Casualty posted a combined ratio of 94.5%, improving 0.8 percentage points year-over-year, with underwriting profit rising 19.8%. The company declared an interim cash dividend of RMB 0.11 per share, a 46.7% increase, totaling RMB 4.87 billion in payouts scheduled for November 6.

Institutional sentiment has also been supportive, with Wellington Management Group LLP raising its stake to over 5% in early August, while brokerages including Guotai Junan maintained a Buy-equivalent rating citing earnings recovery driven by equity market improvement and solid P&C profitability.

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