2900億元保險巨頭業績持續高增長！預計Q1淨利同比增長30%-50%
今日，中國人保披露了一季度業績預告，公司業績繼續保持高增長。
高增長持續
中國人保預計，今年一季度實現歸母淨利潤116.52億元-134.45億元，同比增長30%-50%；扣非淨利潤爲116.06億元-133.92億元，同比增長30%-50%。
去年，中國人保的業績實現高增長，投資者都在擔憂這種趨勢能否持續下去，這份一季報給市場帶來了信心。
2024年，中國人保實現營收6219.72億元，同比增長12.45%；淨利潤爲428.69億元，同比增長88.24%；扣非淨利潤爲429.28億元，同比增長88.68%。
自2019年以來，中國人保過去幾年的業績增速都在20%以下，偶爾會出現負增長。
2020年-2023年，中國人保的淨利潤爲200.69億元、216.38億元、253.69億元、227.73億元，同比-10.41%、7.82%、17.24%、-10.23%。
對於一季度業績預增的原因，中國人保表示，在保險端，本集團積極對接國家戰略和經濟社會需求，持續完善保險產品供給和服務體系，不斷優化業務結構、提升業務質量，承保業績較快增長。
在投資端，堅定看好中國經濟和中國資本市場發展前景，秉承“長期投資、價值投資、審慎投資”理念，
落實中長期資金入市要求，不斷優化行業配置結構，進一步提升資產配置的穩定性、靈活性及前瞻性，投資業績大幅提升。
股價大幅回撤
在業績增長的同時，中國人保股價也在去年經歷了一波反彈。
從2024年1月23日到2024年10月8日，中國人保的股價反彈超75%，最高觸及8.18元/股。
不過，10月9日至今，中國人保的股價震盪走低，目前已經累計回撤超19%。
截至上週五，中國人保的股價報6.56元/股，總市值爲2901億元。
中國人保業績表現亮眼，市場對紅利資產的頗爲青睞，股價在大幅回撤後有望迎來反彈。
展望未來，東吳證券看好中國人保作爲財險行業龍頭具有的品牌效應和費用管控優勢，在精細化管理下有望持續優化業務結構、推動降本增效，並維持此前盈利預測不變。
東吳證券預計，中國人保2025-2027年的歸母淨利潤爲461億元、511億元、574億元，維持“買入”評級。
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