Summary by Futu AI
Zhongan Online Property Insurance Co., Ltd. (Zhongan Insurance) announced its performance for the first half of 2024, achieving a total premium of RMB 15.238 billion, a year-on-year growth of 19.0%. During this period, the company issued 9.133 billion policies, with insurance service revenue reaching RMB 15.088 billion. Zhongan Insurance ranks ninth in the Chinese property and casualty insurance industry, further increasing its market share. The technology export sector achieved a total revenue of RMB 0.442 billion, a year-on-year growth of 65.5%. As Hong Kong's first officially launched digital bank, ZA Bank achieved a net income of HKD 0.255 billion, a year-on-year growth of 45.9%. As of June 30, 2024, the company and its subsidiaries had total assets of RMB 43.037 billion and net assets of RMB 20.24 billion. The company recorded a net profit of approximately RMB 0.055 billion in the first half of 2024 and decided not to distribute interim dividends.