According to research reports from gtja, considering that the equity market performed better in 24Q2 than in the same period of 2023, it is expected that the profit margin will improve due to the expected better buying and selling price difference income in 24Q2 than in the same period of 2023. It is expected that the net income attributable to the parent company in the first half of 2024 will increase by 6.0% year-on-year, turning from negative to positive on a quarter-on-quarter basis in 24Q1; considering the positive contribution brought by the improvement of the core business of the insurance sector such as life insurance and property insurance, and the reduction of impairment pressure from asset management, it is expected that the parent company's operating profit in the first half of 2024 will increase by 1.4%, among which the operating profit of the life insurance sector will increase by 2.5% year-on-year. Considering that the company's dividend policy is linked to operating profit, it is expected that the mid-term dividend will increase year-on-year. Maintain a "shareholding" rating.