PICC Property and Casualty Company Limited

SZSC:2328 Stock Report

Market Cap: HK$272.7b

PICC Property and Casualty Past Earnings Performance

Past criteria checks 2/6

PICC Property and Casualty has been growing earnings at an average annual rate of 4.9%, while the Insurance industry saw earnings declining at 6.2% annually. Revenues have been growing at an average rate of 4.5% per year. PICC Property and Casualty's return on equity is 9.3%, and it has net margins of 4.7%.

Key information

4.9%

Earnings growth rate

4.9%

EPS growth rate

Insurance Industry Growth-1.3%
Revenue growth rate4.5%
Return on equity9.3%
Net Margin4.7%
Last Earnings Update30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How PICC Property and Casualty makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SZSC:2328 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 24484,64922,82100
31 Mar 24479,38223,70300
31 Dec 23474,11524,58500
30 Sep 23462,53027,39200
30 Jun 23455,55930,19900
31 Mar 23448,51129,68100
31 Dec 22441,46329,16300
30 Sep 22437,31227,1212,2510
30 Jun 22433,16125,0794,5020
31 Mar 22425,66623,7207,3550
31 Dec 21418,17122,36010,2080
30 Sep 21414,68223,27410,2840
30 Jun 21411,19224,18810,3590
31 Mar 21411,56222,52810,0930
31 Dec 20411,93220,8689,8260
30 Sep 20411,96820,7549,8450
30 Jun 20412,00420,6409,8640
31 Mar 20405,01822,4619,6030
31 Dec 19398,03224,2829,3410
30 Sep 19384,41622,2498,9760
30 Jun 19370,79920,2168,6110
31 Mar 19364,63817,8518,4000
31 Dec 18358,47715,4858,1890
30 Sep 18354,44217,6508,7490
30 Jun 18350,40619,8149,3080
31 Mar 18337,66319,8118,9360
31 Dec 17324,91919,8078,5640
30 Sep 17312,91519,6317,8860
30 Jun 17300,91019,4557,2080
31 Mar 17293,26518,7387,2930
31 Dec 16285,61918,0207,3770
30 Sep 16279,20718,0477,2440
30 Jun 16272,79418,0737,1100
31 Mar 16268,77319,9607,3120
31 Dec 15264,75221,8477,5140
30 Sep 15256,28721,7977,9410
30 Jun 15247,82121,7478,3680
31 Mar 15236,10418,4318,1000
31 Dec 14224,38615,1157,8310
30 Sep 14214,42812,9177,4290
30 Jun 14204,46910,7197,0260
31 Mar 14198,20210,6396,9530

Quality Earnings: 2328 has high quality earnings.

Growing Profit Margin: 2328's current net profit margins (4.7%) are lower than last year (6.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2328's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: 2328's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2328 had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Insurance industry average (19.6%).

Return on Equity

High ROE: 2328's Return on Equity (9.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/01 16:11
End of Day Share Price 2024/12/31 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PICC Property and Casualty Company Limited is covered by 54 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark William KellockBarclays
Dominic ChanBNP Paribas Securities (Asia)
Wenbing LiBOCOM International Securities Limited