Gelonghui, May 20 | CITIC Securities released a report stating that the new leadership team of Xinhua Insurance has been adjusted to pay more attention to organizational capacity growth. Judging from the comparison of leading life insurance companies, the company's debt costs are relatively high, and profitability is relatively fluctuating. It is expected that this year's performance will improve. The company's A share “increase” rating will be maintained. The target price will be 37 yuan, and the company's H share rating will be lowered to “increase holdings”. The target price is HK$18. According to the report, under the leadership of the new management of Xinhua Insurance, the company has benefited from a favorable regulatory environment, strengthened investment and research system construction, enhanced organizational capabilities, and laid a good system and talent base for the company's long-term development. Beginning in the second quarter of last year, the stock market continued to decline, leading to a low base. The bank expects the company's profit to increase year by year this year, showing strong performance elasticity. Referring to the company's annual report last year and the results for the first quarter of this year, the bank adjusted the company's 2024 and 2025 net asset value forecasts to 33.4 and 34.5 yuan. The original forecasts were 39.3 and 42.7 yuan, and added a 2026 net asset value forecast of 37.3 yuan per share.