The People's Insurance Co (Group) of China (SHSE:601319) Net Margin % : 9.42% (As of Jun. 2024)

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What is The People's Insurance Co (Group) of China Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. The People's Insurance Co (Group) of China's Net Income for the three months ended in Jun. 2024 was ¥14,437 Mil. The People's Insurance Co (Group) of China's Revenue for the three months ended in Jun. 2024 was ¥153,339 Mil. Therefore, The People's Insurance Co (Group) of China's net margin for the quarter that ended in Jun. 2024 was 9.42%.

The historical rank and industry rank for The People's Insurance Co (Group) of China's Net Margin % or its related term are showing as below:

SHSE:601319' s Net Margin % Range Over the Past 10 Years
Min: 2.6 Med: 3.69 Max: 7.06
Current: 7.06

SHSE:601319's Net Margin % is ranked worse than
54.38% of 480 companies
in the Insurance industry
Industry Median: 8.385 vs SHSE:601319: 7.06

The People's Insurance Co (Group) of China Net Margin % Historical Data

The historical data trend for The People's Insurance Co (Group) of China's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The People's Insurance Co (Group) of China Net Margin % Chart

The People's Insurance Co (Group) of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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4.03

3.46

3.63

5.34

4.54

The People's Insurance Co (Group) of China Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Margin %	Get a 7-Day Free Trial															0.55	1.82	7.03	9.42	9.05

Competitive Comparison of The People's Insurance Co (Group) of China's Net Margin %

For the Insurance - Property & Casualty subindustry, The People's Insurance Co (Group) of China's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The People's Insurance Co (Group) of China's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The People's Insurance Co (Group) of China's Net Margin % distribution charts can be found below:

* The bar in red indicates where The People's Insurance Co (Group) of China's Net Margin % falls into.

The People's Insurance Co (Group) of China Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

The People's Insurance Co (Group) of China's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	22773	/	501757
	=	4.54 %

The People's Insurance Co (Group) of China's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin	=	Net Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	14437	/	153339
	=	9.42 %

The People's Insurance Co (Group) of China (SHSE:601319) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

The People's Insurance Co (Group) of China Net Margin % Related Terms

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The People's Insurance Co (Group) of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The People's Insurance Co (Group) of China Ltd (SHSE:601319) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

PINXY:USA 01339:Hong Kong PIR:Germany

Address

No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031

Website

http://www.picc.com.cn

With headquarters in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.

The People's Insurance Co (Group) of China Headlines

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