<div id="readability-page-1"><div>BofAS said in a research report that Chinese insurers have announced their 1QYY results. As stock market volatility in February and March this year affected insurers investment income and profits, market expectations had been relatively low.During the period, performance varied among companies. CHINA LIFE (02628.HK) +0.300 (+1.042%) Short selling $81.79M; Ratio 29.729% reported a 32% YoY decline in net profit for 1QYY, confirming market concerns over its investment income given its more aggressive investment strategy compared with peers. NCI (01336.HK) -0.650 (-1.268%) Short selling $33.67M; Ratio 42.921% posted an unexpected 11% increase in profit, mainly benefiting from gains on financial assets measured at amortised cost. PING AN (02318.HK) -0.250 (-0.395%) Short selling $91.98M; Ratio 31.254% and CPIC (02601.HK) -0.140 (-0.407%) Short selling $4.06M; Ratio 28.333% delivered the most stable results, supported by more balanced investment strategies.The broker believes the market has digested the weak profit factors, and investors will refocus on market developments and long-term business growth. Its top picks are PING AN (02318.HK) -0.250 (-0.395%) Short selling $91.98M; Ratio 31.254% , which has the most balanced performance, and CHINA LIFE (02628.HK) +0.300 (+1.042%) Short selling $81.79M; Ratio 29.729% , which stands to benefit most from a potential market rebound. It assigned TP of HKD74 and HKD33.1 respectively, and rated both as Buy. (ss/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 12:25.)</div>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.</div>

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BofAS reported that Chinese insurers' 1QYY results were solid despite stock market volatility affecting investment income. CHINA LIFE saw a 32% YoY decline in net profit, while NCI posted an unexpected 11% profit increase. PING AN and CPIC delivered stable results. BofAS believes the market has absorbed weak profit factors and investors will focus on long-term growth. Their top picks are PING AN and CHINA LIFE, with target prices of HKD74 and HKD33.1, respectively, both rated as Buy.

BofAS: 1QYY Results of Chinese Insurers Solid; Top Picks PING AN , CHINA LIFE