CPIC (2601 HK) - Participating Sales Noticeably Increased; MTM Losses Dragged a Profit Miss in 1Q25

Equity Bottom-Up

270 Views29 Apr 2025 21:03

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CPIC reported 1Q25 results with strong NBV up 39% like-for-like, a beat to our expectation, yet net profit down 18.1% YoY as a miss. Net asset value slid 9.5% vs year-start to RMB 263.6bn

What is covered in the Full Insight:

NBV Performance and Sales Growth
Net Asset Value and Profitability Concerns
Impact of Interest Rate Changes
Valuation and Long-term Outlook
Future Growth Prospects and Challenges

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