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ZhongAn Online P & C Insurance Co., Ltd
(6060)
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Rating:62Neutral
Price Target:
HK$9.50
▼(-24.66% Downside)
Action:Reiterated
Date:08/27/26
The score is driven mainly by financial performance: steady revenue growth and adequate capitalization are offset by volatile profitability, weaker post-2023 returns, and uneven cash-flow consistency. Technicals are neutral-to-slightly constructive (above key short/mid-term averages but below the 200-day, with muted momentum). Valuation is a relative support due to the low P/E.
Positive Factors
Steady Revenue Growth
Consistent revenue expansion indicates that ZhongAn continues to grow its insurance business across the periods provided. Continued top-line progress can support greater operating scale, broaden its customer base, and provide a foundation for improving earnings if pricing, claims, and expenses remain controlled.
Negative Factors
Volatile Profitability
Large swings in net income make earnings less predictable than the company’s revenue trajectory. This volatility suggests that claims, pricing, expenses, or investment results can materially affect outcomes, making it harder to forecast sustainable profits and plan capital allocation with confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent revenue expansion indicates that ZhongAn continues to grow its insurance business across the periods provided. Continued top-line progress can support greater operating scale, broaden its customer base, and provide a foundation for improving earnings if pricing, claims, and expenses remain controlled.
Read all positive factors
ZhongAn Online P & C Insurance Co., Ltd (6060) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$15.14B
Dividend YieldN/A
Average Volume (3M)5.85M
Price to Earnings (P/E)6.5
Beta (1Y)1.38
Revenue Growth15.60%
EPS Growth49.14%
CountryHK
Employees2,106
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)1.18
Shares Outstanding1,634,812,900
10 Day Avg. Volume4,751,162
30 Day Avg. Volume5,845,409
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)0.89
Price to Sales (P/S)0.66
P/FCF Ratio7.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$18.01Price Target Upside42.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)1.08
Revenue Forecast (FY)HK$36.45B
ZhongAn Online P & C Insurance Co., Ltd Business Overview & Revenue Model
Company Description
Headquartered in Shanghai, China, ZhongAn Online P & C Insurance Co., Ltd. is a pioneering Insurtech firm established in 2013. This internet-centric company specializes in delivering online insurance solutions and advanced information technology s...
How the Company Makes Money
ZhongAn Online P & C Insurance Co., Ltd. makes money primarily through (1) underwriting income from its insurance business and (2) investment returns on its insurance float, with additional contribution from (3) technology-related revenue streams....
ZhongAn Online P & C Insurance Co., Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
71
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.96B | 34.77B | 33.73B | 29.23B | 22.64B | 21.94B |
| Gross Profit | 21.43B | 34.29B | 33.73B | 29.23B | 22.64B | 21.94B |
| EBITDA | 2.42B | 2.07B | 1.63B | 4.83B | 361.14M | 1.40B |
| Net Income | 1.98B | 1.10B | 603.46M | 4.08B | -1.11B | 757.10M |
Balance Sheet | ||||||
| Total Assets | 47.55B | 47.29B | 45.28B | 42.86B | 54.56B | 51.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.89B | 3.38B | 1.47B | 1.58B | 15.39B | 26.28B |
| Total Debt | 7.50B | 8.55B | 7.12B | 7.19B | 7.18B | 6.65B |
| Total Liabilities | 20.62B | 21.83B | 24.36B | 22.79B | 37.53B | 32.64B |
| Stockholders Equity | 26.93B | 25.46B | 20.93B | 20.07B | 15.21B | 16.75B |
Cash Flow | ||||||
| Free Cash Flow | 2.58B | 2.88B | 1.08B | 1.92B | -1.11B | -863.71M |
| Operating Cash Flow | 2.79B | 3.90B | 1.98B | 2.21B | -701.91M | -602.95M |
| Investing Cash Flow | -2.68B | 436.42M | -556.30M | -5.33B | 158.04M | -5.94B |
| Financing Cash Flow | 87.84M | -2.93B | -1.09B | 1.14B | 236.03M | 2.19B |
ZhongAn Online P & C Insurance Co., Ltd Technical Analysis
Negative
12.61
Price Trends
10.11
Negative
10.27
Negative
12.09
Negative
Market Momentum
-0.29
Negative
33.74
Neutral
27.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6060, the sentiment is Negative. The current price of 12.61 is above the 20-day moving average (MA) of 9.34, above the 50-day MA of 10.11, and above the 200-day MA of 12.09, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 33.74 is Neutral, neither overbought nor oversold. The STOCH value of 27.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6060.
ZhongAn Online P & C Insurance Co., Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$354.75B | 5.77 | 17.73% | 5.81% | 11.31% | 30.80% | |
78 Outperform | HK$362.11B | 6.46 | 16.11% | 5.55% | 9.17% | 31.94% | |
74 Outperform | HK$3.66B | 7.48 | 10.90% | 6.97% | 4.43% | 6.41% | |
70 Outperform | HK$41.69B | 4.89 | 6.07% | ― | 24.23% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | HK$15.14B | 6.46 | 7.57% | ― | 15.60% | 49.14% | |
50 Neutral | HK$5.46B | -5.61 | -1.11% | 114.25% | ― | ― |
* Financial Sector Average
HK:6060
ZhongAn Online P & C Insurance Co., Ltd
8.99
-7.75
-46.33%
HK:1339
People's Insurance Co (Group) of China
5.08
-1.42
-21.90%
HK:2328
PICC Property & Casualty Co
16.28
-0.75
-4.41%
HK:0900
AEON Credit Service (Asia) Co., Ltd.
8.75
1.69
23.97%
HK:6623
Lufax Holding Ltd Class A
3.26
-7.65
-70.14%
HK:1828
FWD Group Holdings Limited
32.58
-7.12
-17.93%
ZhongAn Online P & C Insurance Co., Ltd Corporate Events
ZhongAn Reports Strong Solvency Ratios but Third-Quarter Loss
Oct 30, 2026
ZhongAn Online P C Insurance Co., Ltd., operating in Hong Kong as ZA Online Fintech P C, is an online-focused property and casualty insurer leveraging fintech to deliver insurance products to digital customers across China. The company is superv...
ZhongAn Proposes Governance Overhaul and Abolition of Supervisory Committee
Oct 30, 2026
ZhongAn Online P C Insurance Co., Ltd has proposed amendments to its articles of association and plans to abolish its Supervisory Committee, shifting its supervisory functions to the Board’s Audit and Consumer Rights Protection Committee. T...
ZhongAn Sets Formal Mandate for Risk and Related-Party Transaction Oversight
Aug 25, 2026
ZhongAn Online P C Insurance Co., Ltd., which also operates in Hong Kong as ZA Online Fintech P C, is a mainland China-based joint stock insurer focused on property and casualty coverage delivered through online and fintech-driven channels. The ...
ZhongAn Online P & C Insurance Releases Unaudited Interim Results for First Half of 2026
Aug 25, 2026
ZhongAn Online P C Insurance Co., Ltd announced its unaudited interim results for the six months ended June 30, 2026, covering the performance of the group versus the same period in 2025. The release confirms that the full 2026 Interim Report, in...
ZhongAn Online Sets Board Meeting to Approve 2026 Interim Results
Jul 31, 2026
ZhongAn Online P C Insurance Co., Ltd has scheduled a board meeting for August 25, 2026 to review and approve the group’s interim results for the six months ended June 30, 2026. The board will also consider the recommendation of an interim ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.