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China Pacific Insurance (Group) Co Ltd Class H (CHPXF)
OTHER OTC:CHPXF
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Earnings Data
Report Date
Mar 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.33Last Year’s EPS
$0.06Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -35.64%
|Next Earnings Date:Mar 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in net profit and new business value, alongside improved product mix and asset management growth. However, these positive aspects were balanced by challenges in CPIC Life revenue, a decrease in Group Channel GWP, and pressures on net investment yield, with additional impacts from catastrophes on P&C business.Company Guidance
In the Q3 2024 earnings call for CPIC Group, the executives provided a comprehensive overview of the company's performance metrics and strategic focuses. The group reported an insurance revenue of CNY 209.4 billion, a 2.3% increase year-on-year, with CPIC Life contributing CNY 62.3 billion, despite a 2.5% decrease, and CPIC P&C delivering CNY 145.2 billion, up 4.1%. The net profit soared to CNY 38.3 billion, marking a significant 65.5% rise. CPIC Life's new business value saw a remarkable 37.9% growth to CNY 14.2 billion, with a new business margin improvement of 6.2 percentage points, reaching 20.0%. The persistency ratios improved, with the 13-month ratio increasing to 97.5% and the 25-month ratio to 92.3%. The total assets under management rose by 14.9% to CNY 2.58 trillion, although the net investment yield slightly decreased by 0.1 percentage points to 2.9%. The call also highlighted strategies like "BIG HEALTH," "BIG REGION," and "BIG DATA" to enhance customer management and business quality, along with digital innovations in AI for auditing and claims processing. Looking forward, CPIC aims to maintain high-quality growth, optimize service processes, and focus on digital transformation and risk management.Increased Net Profit
The group realized a net profit of CNY 38.3 billion, up 65.5% year-on-year.
Growth in CPIC P&C
CPIC P&C delivered CNY 145.2 billion in revenue, up 4.1% year-on-year.
Growth in New Business Value
CPIC Life's new business value was CNY 14.2 billion, up 37.9% year-on-year.
Improved Product Mix
The share of health protection and participating products doubled starting from September.
Growth in CPIC P&C Non-auto Premiums
Non-auto premiums grew by 12.2% year-on-year.
Asset Management Growth
Total AUM was CNY 2.58 trillion, 14.9% higher than the end of last year.
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China Pacific Insurance (Group) Co (CHPXF) Earnings, Revenues Date & History
CHPXF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHPXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $3.70 | $3.53 | -4.59% |
| Aug 29, 2024 | $2.52 | $2.45 | -2.78% |
| Apr 26, 2024 | $2.12 | $2.19 | +3.30% |
| Mar 28, 2024 | $1.70 | $1.75 | +2.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does China Pacific Insurance (Group) Co Ltd Class H (CHPXF) report earnings?
China Pacific Insurance (Group) Co Ltd Class H (CHPXF) is schdueled to report earning on Mar 24, 2025, TBA Not Confirmed.
What is China Pacific Insurance (Group) Co Ltd Class H (CHPXF) earnings time?
China Pacific Insurance (Group) Co Ltd Class H (CHPXF) earnings time is at Mar 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHPXF EPS forecast?
CHPXF EPS forecast for the fiscal quarter 2024 (Q4) is $0.33.
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