<div id="readability-page-1"><div><p>CHINA LIFE (02628.HK)<span> </span><span> +1.280 (+4.672%)  </span> <span> Short selling $497.98M; Ratio 30.304%  </span>  opened 4.01% higher today and once peaked at HKD29.18. It is now trading at HKD28.84, up 5.26%, with 38.4531 million shares traded, involving HKD1.107 billion.</p><p>After market close yesterday, CHINA LIFE announced its first-quarter results. Net profit attributable to shareholders of the parent company amounted to RMB19.505 billion, down 32.3% YoY, with basic EPS of RMB0.69. During the period, operating revenue declined 15.3% YoY to RMB93.291 billion. Total premium income rose 1.1% YoY to RMB358.478 billion. New business value surged 75.5%.</p><p>JPM stated that the strong growth in new business value offset the negative impact of the earnings decline, reiterating the stock as a sector top pick with an Overweight rating and a TP of HKD40.</p><p>M Stanley said CHINA LIFE's 1Q new business value growth of 76% was robust and significantly outperformed peers. Despite a 32% drop in earnings, results were still slightly better than market expectations, with continued improvement in business quality. It maintained an Overweight rating with a TP of HKD37.9. (ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>CHINA LIFEshares rose over 5% following the release of its first-quarter results, despite a 32.3% year-on-year decline in net profit to RMB19.505 billion. The company reported a 15.3% drop in operating revenue but a 1.1% increase in total premium income. Notably, new business value surged by 75.5%. Analysts from JPM and M Stanley praised the strong growth in new business value, maintaining Overweight ratings with target prices of HKD40 and HKD37.9, respectively.</p>

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CHINA LIFE

China Life

Morgan Stanley

JPMorgan Chase

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

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JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

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CHINA LIFE  Jumps Over 5% Post-Results; M Stanley and JPM Cite Strong 1Q New Business Value Growth