Gelonghui, April 15 | Tianmao Group (000627.SZ) announced its results forecast for the first quarter of 2024. Net profit loss attributable to shareholders of listed companies during the reporting period was 80 million yuan to 110 million yuan, profit of 45.2051 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss of 88 million yuan - 118 million yuan, profit for the same period last year; basic earnings loss per share was 0.016 yuan/share - 0.022 yuan/share.

In the first quarter of 2024, due to downward factors in the yield curve of the 750-day moving average treasury bond, Guohua Life, the holding subsidiary of the company, increased accrued reserves, while Guohua Life's investment income decreased in the first quarter of 2024. Guohua Life will maintain a moderate business scale in accordance with established development ideas, continue to promote business structure optimization, asset allocation structure optimization, steadily promote balance and liability matching, continue to strengthen the application of new technology and talent reserves, improve the company's management system, and comprehensively enhance the company's operating capacity. While ensuring that premium income remains basically stable, adjust the business pace and structure in due course according to market conditions, and vigorously promote long-term value and risk guaranteed business development. Currently, Guohua Life Insurance's business is operating in an orderly manner. In the first quarter of 2024, the original insurance premium income reached 15.06 billion yuan, and the overall scale is moderately stable.