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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  PICC Property and Casualty Company Limited    2328   CNE100000593

PICC PROPERTY AND CASUALTY COMPANY LIMIT

(2328)
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PICC Property and Casualty : ANNOUNCEMENT IN RELATION TO PREMIUM INCOME

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02/19/2020 | 03:53am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2328)

ANNOUNCEMENT IN RELATION TO PREMIUM INCOME

PICC Property and Casualty Company Limited (the "Company") announces the original insurance premium income of the Company for the period from 1 January 2020 to 31 January

2020 as below

RMB Million

Motor vehicle insurance

27,188

Accidental injury and health insurance

11,545

Agriculture insurance

3,403

Liability insurance

3,561

Commercial property insurance

2,482

Credit and surety insurance

1,653

Cargo insurance

395

Other insurance

2,280

Total

52,507

The above information is prepared pursuant to the PRC Accounting Standards for Business Enterprises and is unaudited and has not been reviewed by the Audit Committee of the Company. Investors should exercise caution not to unduly rely on such information.

By Order of the Board

PICC Property and Casualty Company Limited

Miao Jianmin

Chairman of the Board

Beijing, the PRC, 19 February 2020

As at the date of this announcement, the Chairman of the Board is Mr. Miao Jianmin (executive director), the Vice Chairman is Mr. Xie Yiqun (executive director), the non-executive director is Mr. Li Tao, Ms. Xie Xiaoyu is an executive director, and the independent non-executive directors are Mr. Lin Hanchuan, Mr. Lo Chung Hing, Mr. Ma Yusheng, Mr. Chu Bende and Ms. Qu Xiaohui.

Disclaimer

PICC Property & Casualty Co. Ltd. published this content on 19 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2020 08:52:00 UTC

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Financials (CNY)
Sales 2019 378 B
EBIT 2019 24 309 M
Net income 2019 24 174 M
Debt 2019 20 733 M
Yield 2019 5,70%
P/E ratio 2019 6,11x
P/E ratio 2020 6,15x
EV / Sales2019 0,45x
EV / Sales2020 0,41x
Capitalization 148 B
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Technical analysis trends PICC PROPERTY AND CASUALTY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 9,78  CNY
Last Close Price 6,66  CNY
Spread / Highest target 82,0%
Spread / Average Target 46,9%
Spread / Lowest Target 2,96%
EPS Revisions
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NameTitle
Yi Qun Xie Vice Chairman & President
Jian Min Miao Chairman
Dong Shen Chief Financial & Accounting Officer, Executive VP
Li Duo Shao Chief Information Technology Officer
Zheng Fei Lu Independent Member-Supervisory Board
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