SEHK:1339
SEHK:1339Insurance

PICC (SEHK:1339) Profit Margin Beats Expectations, Challenging Concerns Over Earnings Quality

People's Insurance Company (Group) of China (SEHK:1339) delivered notable earnings growth, with profits rising by 17.9% per year over the past five years and surging 38% in the most recent year compared to its five-year average. Net profit margins improved to 8.4%, up from 7.1% last year, positioning the company with high quality earnings. Despite these gains, forecasts suggest earnings are set to decline by 3.4% annually over the next three years. Revenue is expected to grow at a slower pace...