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Za online (06060.HK) had a total original insurance premium income of 22.212 billion yuan from January to August.
On September 13th, Zhongan Online (06060.HK) announced that the total amount of original insurance premium income obtained by the company from January 1, 2024 to August 31, 2024 is approximately CNY 22.212 billion.
Express News | The State Council issued the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry."
ZA ONLINE: Interim Report 2024
Customer growth and strategy adjustments help drive profitability. ZA Bank has become the first digital bank in Hong Kong to achieve profitability.
ZA Bank, Hong Kong's first and largest digital bank, recently announced that it has turned a loss into a profit in the month of July, marking a further consolidation of its leading position in the digital banking sector.
Hong Kong stocks soared across the board! The Hang Seng Index rose nearly 3%, while the A50 made a sharp surge. What happened?
What exactly happened? Analysts believe that there are three main driving factors.
"DaXing" Bocom International lowers target price of Zhongan Online (06060.HK) to 15 yuan, rising comprehensive cost rate drags down profits.
According to a research report from Bocom Intl, Zhongan Online (06060.HK) achieved a net profit of 55 million yuan in the first half of the year, a decrease compared to the 0.22 billion yuan in the same period last year, mainly due to a decline in underwriting profit. Premium income in the first half of the year increased by 5.4% compared to the previous year, but the growth rate slowed significantly compared to 2023, with premium growth mainly coming from digital life and automobile ecology. The year-on-year increase in comprehensive cost ratio mainly came from consumer finance and health ecology. The technology division and banking division narrowed their net losses significantly; investment income decreased year-on-year. The bank maintains a "buy" rating for the company, indicating that in the face of a challenging environment, the company is more...