129823520621875000_197China two-for one year, Chairman of the China insurance regulatory Commission Vice President Yang Mingsheng took over
Lot of the pre-China life (601,628, closed at $ 17.69) for handsome is finally settled. Yesterday (May 23), ping an announcement said
SWTOR Credits, because of the changes in the work, Yuan Li, former company Chairman, resigned as Chairman of the Board and Executive Director. The China insurance regulatory Commission Vice President Yang Mingsheng become China's new boss. This distance last June KunihisaDeclared Yuan Li only less than a year after taking office.
Last year, Yuan Li, is not easy. In June 2011, Yuan Li take over of Yang Chao resigned as Chairman of China by age. At the beginning of his, who has served as Assistant to the Chairman of the China insurance regulatory Commission, spokesman of less handsome having open positions: "very heavy responsibility for sth We should persist in taking characteristics of China life scienceExhibition Road, providing long-term and stable returns for shareholders. "But in nearly a year, Kunihisa either the performance or the shares are not satisfactory. 2011 to 2012 a quarter in the third quarter, Kunihisa respectively achieved net income of $ 3.753 billion, and $ 5.625 billion, $, 45.7%, and 29 per cent drop.43%, the company's shares were near $ 19 in early June 2011, at one point fell below $ 15 mark. From annual reports and quarterly reports, there are two main reasons for the poor performance of life: sluggish premium growth and large investment assets for impairment.
Kunihisa net profit impact of the latter in particular are obvious. In 2011, Kunihisa to total financial assets available for saleUp to 12.913 billion yuan devaluation, makes the company's full year net profit growth rate fell to 45.48%, the worst performance in the a-share market four insurance stocks. First quarter of the year, Kunihisa had continued to make as much as $ 7.686 billion depreciation reserve, 391.1% $ 1.565 billion increase in the same period last year. This data corresponds to one quarterTotal profit of 111.85%. At the same time, premium income growth of Kunihisa bottlenecks.
On May 15, China's announcement shows that in January-April, the company accumulated the original premium income of about $ 133 billion, fell by 8.5%; April one-month premium income of $ 19.2 billion, fell by 14.3%; four publicly traded insurance companies worst. ADeclined the insurance industry analyst reporter noted that, judging from the current situation, Yuan Li, Chairman-designate of the one-year transition, select low income statement is understandable. "Although the market likes to see net profit, but in fact table has little value and profits of the insurance company. There is a saying in early, Yang Mingsheng will succeed Yuan Li, becauseLife after promoted to Vice-ministerial-level single, Yuan Li level must change to handsome enough. No matter what reasons, China top comes down to a matter of change, for normal operation of the company is a good thing. "Information display
TERA Power Leveling, Yang Mingsheng was born in 1955, in 1980, ABC, September 2003, he served as Governor of the agricultural Bank of China, Secretary. July 2007 speedVice Chairman of the China insurance regulatory Commission, cooperation and the agricultural Bank of China and China has a 20-year history.
When ABC stock, Kunihisa had Yang Mingsheng war and the then Governor of the agricultural Bank of investment and engagement. It is worth mentioning that, despite the cause, analysts Kunihisa 2012 premiums are not very good, but after the impairment has made huge investments, analystsChina most optimistic of future performance. CITIC Securities said in comments Kunihisa quarterly: "the company has made a very full depreciation, end of the floating loss treatment Basic, optimistic about the future performance of reverse. "Guangfa securities
Diablo 3 Gold, guotai Junan securities, also noted that China performance turning points have emerged.
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