The Zhitong Finance App learned that Zhongan Online (06060) rose by more than 6% and rose 6.25% at press time to HK$12.58, with a turnover of HK$23.43 million.

According to the news, the company announced results for the year ended December 31, 2023. The group obtained total premiums of RMB 29.685 billion (same unit), an increase of 23.66% over the previous year; net profit of RMB 3.845 billion, compared with a loss of RMB 1,384 billion in the same period last year; net profit attributable to shareholders of the parent company of RMB 4,078 billion, a loss of RMB 1,112 billion for the same period last year; and basic income per share of RMB 2.77 billion.

According to reports, in 2023, the total premiums of the auto insurance ecosystem reached 1.58 billion yuan, an increase of 24.7% over the previous year, far exceeding the average growth rate of the industry. The company aims for long-term steady operation, optimizes the business structure, and actively develops new business models. Zhongan closely follows the development trend of new energy vehicles, seizes insurance opportunities and policy dividends, and provides car insurance products and services to new energy vehicle owners of more than 100 brands by improving the pricing risk control model to meet market demand and promote overall car insurance growth. Total premiums for NEV insurance increased by 196.1% year-on-year in 2023.