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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 & Casualty : 2017 Net Profit Rises 9.9%

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03/23/2018 | 06:20am EDT

By Saurabh Chaturvedi

PICC Property & Casualty Co. (2328.HK) said Friday its net profit for 2017 rose 9.9% from the previous year, boosted by higher premiums earned.

In a stock-exchange filing, the Chinese insurer said net profit for the year rose to 19.81 billion yuan ($3.13 billion) from CNY18.02 billion a year earlier.

The result was lower than the CNY22.50 billion estimate of 17 analysts polled by S&P Global Market Intelligence.

Its net earned premiums for the year stood at CNY309.08 billion, up from CNY270.26 billion a year ago.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
PICC PROPERTY AND CASUALTY COMPANY LIMITED 3.31% 7.5 End-of-day quote.-0.53%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.02% 7.0819 Delayed Quote.1.97%
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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 5,72%
P/E ratio 2019 6,09x
P/E ratio 2020 6,35x
EV / Sales2019 0,45x
EV / Sales2020 0,42x
Capitalization 148 B
Chart PICC PROPERTY AND CASUALTY
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PICC Property and Casualty Technical Analysis Chart | 2328 | CNE100000593 | MarketScreener
Technical analysis trends PICC PROPERTY AND CASUALTY
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 9,49  CNY
Last Close Price 6,64  CNY
Spread / Highest target 79,2%
Spread / Average Target 42,9%
Spread / Lowest Target 3,28%
EPS Revisions
Managers
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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