PICC GROUP (01339) is expected to achieve a net profit attributable to the parent company of 11.652 to 13.445 billion yuan in the first quarter, a year-on-year increase of 30% to 50%.

PICC GROUP (01339) announced that the net profit attributable to the parent company's shareholders of the company and its subsidiaries in the first quarter of 2025 is expected to be between RMB 116.52 billion and RMB 134.45 billion, an increase of RMB 26.89 billion to RMB 44.82 billion compared to the same period last year, with a year-on-year growth of 30% to 50%. The main reasons for the increase in performance in this period are: the Group resolutely implements the spirit of the Central Financial Work Conference, Central Economic Work Conference, and the new "State Ten Measures" deployment requirements for the insurance industry. It is anchored in the strategic goal of building a world-class insurance and financial group, vigorously promotes reform and innovation, and solidly promotes high-quality development. In terms of insurance, the Group actively aligns with national strategies and economic and social needs, continuously improves insurance product supply and service systems, optimizes business structures, improves business quality, and sees fast growth in underwriting performance. In terms of investment, the Group firmly believes in the prospects of China's economy and capital market development, adheres to the principles of "long-term investment, value investment, prudent investment," implements the requirements for medium and long-term funds entering the market, continuously optimizes industry allocation structures, further enhances the stability, flexibility, and forward-looking nature of asset allocation, and significantly improves investment performance.