According to the Zheshang Securities Research Report, the net profit of Xinhua Insurance in 2024 was 26.229 billion yuan, a sharp increase of 201.1% over the previous year. The company's total dividends for the full year of 2024 reached 7.893 billion yuan, a sharp increase of 197.6% over the previous year, and the dividend rate was 30.1%. The company's performance and shareholder returns completely exceeded expectations. Looking forward to the future, Xinhua will comprehensively innovate the team development system and promote professional reform of the agent team through the “XIN Generation” program. It is expected that team production capacity will continue to increase, banking insurance channels will continue to expand, and value contributions will be further highlighted. Taking more measures together is expected to drive the further growth of Xinhua NBV. Xinhua is actively promoting a “customer-centered” strategic transformation, speeding up the implementation of specialized, market-based and systematic reforms, and building new growth momentum. The company has excellent performance in equity investment, high asset flexibility, and strong beta attributes. Maintain the target price of 62.58 yuan, corresponding to 0.73 times PEV in 2025, and maintain the “buy” rating.

According to the Zheshang Securities Research Report, the net profit of Xinhua Insurance in 2024 was 26.229 billion yuan, a sharp increase of 201.1% over the previous year. The company's total dividends for the full year of 2024 reached 7.893 billion yuan, a sharp increase of 197.6% over the previous year, and the dividend rate was 30.1%. The company's performance and shareholder returns completely exceeded expectations. Looking forward to the future, Xinhua will comprehensively innovate the team development system and promote professional reform of the agent team through the “XIN Generation” program. It is expected that team production capacity will continue to increase, banking insurance channels will continue to expand, and value contributions will be further highlighted. Taking more measures together is expected to drive the further growth of Xinhua NBV. Xinhua is actively promoting a “customer-centered” strategic transformation, speeding up the implementation of specialized, market-based and systematic reforms, and building new growth momentum. The company has excellent performance in equity investment, high asset flexibility, and strong beta attributes. Maintain the target price of 62.58 yuan, corresponding to 0.73 times PEV in 2025, and maintain the “buy” rating.