jokerwildvideopoker| Great Wall Life Insurance lists two major listed companies

Liao Dan, editor of Yuan Yuan, a journalist

On the evening of May seventeenthJokerwildvideopoker, Jiangnan Water (SH601199, share price 5Jokerwildvideopoker.97 yuan, with a market capitalization of 5.583 billion yuan) and SZ000885 (with a share price of 13.00 yuan and a market capitalization of 8.347 billion yuan) have successively issued suggestive announcements on the changes in shareholders' equity.

According to the announcements of the two listed companies, as of the date of disclosure of the announcement, Great Wall Life held 46.7617 million shares and 32.1043 million shares of the two companies respectively, accounting for 5.0001% and 5.0001% of the company's total share capital, reaching the listing line.

It is worth noting that by the close of trading on May 20, the share prices of Jiangnan Water and Chengfa Environment both rose sharply, with Jiangnan Water rising 6.42% and Chengfa Environmental up 4.08%.

Raise the license plate to the listed company again

On May 17, Jiangnan Water issued an announcement that the company received a "simplified equity change report" issued by Great Wall Life on the same day. As of the date of disclosure of the announcement, Great Wall Life increased its stake in Jiangnan Water shares through the secondary market by 46.7617 million shares, accounting for 5.0001 per cent of the company's total share capital. Before this equity change, Great Wall Life held 46.4257 million RMB ordinary shares in Jiangnan Water, accounting for 4.9642% of the company's total share capital.

At the same time, according to an announcement issued by Chengfa Environment, Great Wall Life increased its stake in the company by 399500 shares through centralized bidding in the secondary market, accounting for 0.0622% of the company's total share capital. Prior to this, Great Wall Life already held 31.7048 million shares of Chengfa Environmental shares, accounting for 4.9378 per cent of the company's total share capital.

The proportion of shares held by Great Wall Life in Chengfa Environment has reached 5.0001%, reaching the licensing line.

A reporter from the Daily Economic News noted that this is the second time that Great Wall Life has raised its license to a listed company since 2023 after Zhejiang Jiaoko, Central Plains Expressway and Wuxi Bank.

In response, Great Wall Life said that increasing its holdings in Jiangnan water and Chengfa environment is a long-term investment based on the allocation needs of insurance companies and the allocation value of listed companies, and the funds come from their own funds. After this equity change, Great Wall Life does not rule out the possibility of continuing to increase its stake in Jiangnan Water and Chengfa Environment in the next 12 months on the basis of complying with existing laws, regulations and regulatory documents.

Great Wall Life lost money in the first quarter

Great Wall Life was established on September 20, 2005. it is headquartered in Beijing with a registered capital of 6.219 billion yuan and total assets of more than 100 billion yuan.

Solvency data show that in the first quarter, Great Wall Life achieved an insurance business income of 11.28 billion yuan, a net loss of 355 million yuan, an investment return of 0.91%, and a comprehensive investment return of 1.13%.

Data show that as of March 31, 2024, the company's signed premium income was 12.36 billion yuan, down 13.18% from the same period last year. Among them, the new single-scale premiums totaled 4.94 billion yuan, down 53.25% from the same period last year. The total renewal premium reached 7.421 billion yuan, an increase of 102.21% over the same period last year. Great Wall Life said that by the end of the first quarter of 2024, the company's renewal premiums increased positively compared with the same period last year, while the new single premiums decreased compared with the same period last year, which is in line with the company's strategic development direction, and the overall risk of strategy implementation is controllable.