CPIC Reports 36.403 Billion Yuan Net Profit for First Three Quarters, Down 20.3% Year-on-Year

Stock News16:38

CPIC (02601) has released its results for the first three quarters of 2026, reporting operating revenue of 291.564 billion yuan, a year-on-year decrease of 15.5%.

Net profit came in at 36.403 billion yuan, down 20.3% compared with the same period last year, while basic earnings per share stood at 3.78 yuan.

In the first three quarters of 2026, CPIC Life achieved scale premiums of 267.651 billion yuan, up 1.4% year-on-year.

Insurance service revenue reached 64.634 billion yuan, up 1.0% year-on-year.

New business value totaled 14.351 billion yuan, down 6.5% year-on-year.

By channel, the agent channel maintained steady value growth.

The bancassurance channel faced pressure on value growth, affected by factors including the high base in the same period last year, phased changes in product mix, and shifts in the market environment.

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