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Sunshine Insurance Group Co. Ltd. (HK:6963)
:6963
Hong Kong Market
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Sunshine Insurance Group Co. Ltd. (6963) AI Stock Analysis

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HK:6963

Sunshine Insurance Group Co. Ltd.

(6963)

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Outperform 72 (OpenAI - 4o)
Rating:72Outperform
Price Target:
HK$4.00
▲(8.40% Upside)
Sunshine Insurance Group Co. Ltd. shows strong financial performance with robust revenue and profit growth, supported by effective cash flow management. The stock's valuation is attractive due to a low P/E ratio and high dividend yield, making it appealing for value investors. Technical analysis indicates a mixed outlook with short-term bearish signals but potential for a rebound given the RSI's proximity to oversold levels. The absence of earnings call data and corporate events did not impact the score.

Sunshine Insurance Group Co. Ltd. (6963) vs. iShares MSCI Hong Kong ETF (EWH)

Sunshine Insurance Group Co. Ltd. Business Overview & Revenue Model

Company DescriptionSunshine Insurance Group Company Limited engages in the provision of insurance products in China. It provides life insurance products; property and casualty insurance products comprising automobile insurance, accident insurance, short-term health insurance, guarantee insurance, liability insurance, agriculture insurance, and commercial property insurance. The company was formerly known as Sunshine Insurance Holdings Co., Ltd. and changed its name to Sunshine Insurance Group Company Limited in 2007. Sunshine Insurance Group Company Limited was founded in 2004 and is based in Shenzhen, China.
How the Company Makes MoneySunshine Insurance Group generates revenue primarily through the sale of insurance policies, which include premiums collected from life, health, and property insurance products. The company earns money by charging premiums that are higher than the claims it pays out to policyholders, a fundamental principle of the insurance business. Additionally, Sunshine Insurance benefits from investment income generated from the premiums that are held in reserves before claims are paid. The firm also engages in asset management services, creating another revenue stream through fees associated with managing investments for clients. Strategic partnerships with various financial institutions and technology firms enhance its distribution channels and operational efficiency, further contributing to its overall earnings.

Sunshine Insurance Group Co. Ltd. Financial Statement Overview

Summary
Sunshine Insurance Group Co. Ltd. exhibited strong financial performance with substantial revenue and profit growth. It maintained a stable balance sheet with moderate leverage and a solid equity base. The cash flow analysis indicates strong cash generation and effective capital management. While the company shows positive trends, further improvements in profitability and leveraging its equity base could enhance financial stability and growth potential.
Income Statement
72
Positive
Sunshine Insurance Group Co. Ltd. demonstrated strong revenue growth with a 11.51% increase from 2023 to 2024. The gross profit margin remained steady as expected in the insurance industry with a 100% margin due to the nature of revenue recognition. The net profit margin improved to 6.78% in 2024 from 5.19% in 2023, showcasing better cost management. However, the EBIT margin witnessed significant improvement, rising from 11.03% in 2023 to 86.91% in 2024, indicating enhanced operational efficiency.
Balance Sheet
68
Positive
The company's debt-to-equity ratio stood at 0.31 in 2024, indicating moderate leverage, which is typical in the insurance industry. The equity ratio improved slightly to 10.67% in 2024, reflecting a stable equity position relative to total assets. The return on equity was 8.77% for 2024, showing a healthy return for shareholders, though there is room for improvement compared to industry leaders.
Cash Flow
75
Positive
The operating cash flow to net income ratio was robust at 5.98 in 2024, indicating strong cash generation relative to reported earnings. Free cash flow showed significant growth, up 74.99% from 2023 to 2024, supporting the company's capacity to reinvest and return value to shareholders. The free cash flow to net income ratio was 5.87, reinforcing the company's strong cash position.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue80.47B75.22B72.05B66.60B119.65B115.06B
Gross Profit80.47B78.67B63.42B70.31B119.65B115.06B
EBITDA0.0011.06B8.59B7.47B8.81B9.46B
Net Income5.70B5.45B3.74B4.49B5.88B5.62B
Balance Sheet
Total Assets625.56B581.79B513.69B453.57B412.48B406.49B
Cash, Cash Equivalents and Short-Term Investments0.006.71B306.00B186.94B166.19B116.15B
Total Debt19.66B20.10B20.06B12.91B13.85B17.50B
Total Liabilities563.36B518.38B451.90B394.22B360.72B349.55B
Stockholders Equity55.84B62.08B60.45B58.08B50.55B55.80B
Cash Flow
Free Cash Flow41.83B32.00B18.28B24.48B42.88B36.80B
Operating Cash Flow42.49B32.60B20.33B25.92B44.57B39.17B
Investing Cash Flow-20.01B-37.62B-36.41B-28.41B-4.69B-55.97B
Financing Cash Flow-5.46B-9.68B18.13B1.88B-26.36B17.45B

Sunshine Insurance Group Co. Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.69
Price Trends
50DMA
3.92
Negative
100DMA
3.74
Negative
200DMA
3.34
Positive
Market Momentum
MACD
-0.01
Positive
RSI
41.01
Neutral
STOCH
24.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6963, the sentiment is Negative. The current price of 3.69 is below the 20-day moving average (MA) of 3.86, below the 50-day MA of 3.92, and above the 200-day MA of 3.34, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.01 is Neutral, neither overbought nor oversold. The STOCH value of 24.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6963.

Sunshine Insurance Group Co. Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$61.03B7.4710.74%1.98%23.64%36.32%
HK$52.83B7.199.76%5.63%8.20%42.29%
€67.12B5.5811.12%3.47%2.54%17.80%
$18.00B11.429.92%3.81%9.73%1.22%
HK$65.62B16.964.95%1.04%365.12%170.00%
€27.33B18.186.00%-2.69%-68.97%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6963
Sunshine Insurance Group Co. Ltd.
3.66
0.54
17.31%
HK:6060
ZhongAn Online P & C Insurance Co., Ltd
16.90
3.02
21.76%
HK:0966
China Taiping Insurance Holdings Co
17.70
4.60
35.10%
HK:1508
China Reinsurance (Group) Corp. Class H
1.59
0.71
81.09%
HK:1456
Guolian Securities Co., Ltd. Class H
5.89
1.49
33.86%

Sunshine Insurance Group Co. Ltd. Corporate Events

Sunshine Insurance Releases Unaudited Financial Data for Sunshine Life
Oct 29, 2025

Sunshine Insurance Group Co. Ltd. announced the unaudited financial data and solvency statement for its subsidiary, Sunshine Life, for the nine months ending September 30, 2025. This disclosure is part of regulatory requirements following the issuance of capital supplementary bonds in the National Inter-bank Bond Market. The announcement advises caution for shareholders and potential investors, as the financial data has not been audited or reviewed.

The most recent analyst rating on (HK:6963) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on Sunshine Insurance Group Co. Ltd. stock, see the HK:6963 Stock Forecast page.

Sunshine Insurance Group Releases Q3 2025 Financial Data and Solvency Statement
Oct 29, 2025

Sunshine Insurance Group Company Limited announced the unaudited financial data and solvency statement for its subsidiary, Sunshine P&C, for the nine months ending September 30, 2025. The announcement is part of regulatory requirements following the issuance of capital supplementary bonds in the National Inter-bank Bond Market. These disclosures are crucial for maintaining transparency and informing shareholders and potential investors about the company’s financial health and solvency status.

The most recent analyst rating on (HK:6963) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on Sunshine Insurance Group Co. Ltd. stock, see the HK:6963 Stock Forecast page.

Sunshine Insurance Group Releases Q3 2025 Solvency Indicators
Oct 29, 2025

Sunshine Insurance Group Co. Ltd. announced the disclosure of the main indicators of solvency and operations for its subsidiaries for the third quarter of 2025. These reports, which are not audited, aim to provide shareholders and investors with insights into the company’s financial position. The company advises caution when dealing with its shares, as the solvency reports are available on the company’s and the Insurance Association of China’s websites.

The most recent analyst rating on (HK:6963) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on Sunshine Insurance Group Co. Ltd. stock, see the HK:6963 Stock Forecast page.

Sunshine Insurance Gains CSRC Approval for H Share Circulation
Oct 27, 2025

Sunshine Insurance Group Co. Ltd. announced that the China Securities Regulatory Commission has accepted its registration application for H Share Full Circulation. This development is a significant step in the company’s efforts to enhance its market presence and liquidity, although the implementation details are yet to be finalized. Shareholders and potential investors are advised to exercise caution as further procedures and announcements are expected.

The most recent analyst rating on (HK:6963) stock is a Buy with a HK$4.50 price target. To see the full list of analyst forecasts on Sunshine Insurance Group Co. Ltd. stock, see the HK:6963 Stock Forecast page.

Sunshine Insurance Approves Employee Share Ownership Plan at EGM
Oct 22, 2025

Sunshine Insurance Group Co. Ltd. held its first extraordinary general meeting of 2025 on October 22, where the adoption of the Employee Share Ownership Plan was approved by a significant majority. This decision reflects the company’s commitment to enhancing employee engagement and aligning interests between shareholders and employees, potentially impacting its operational dynamics and stakeholder relations positively.

Sunshine Insurance Group Announces EGM to Discuss Employee Share Plan
Sep 29, 2025

Sunshine Insurance Group Co. Ltd. has announced its first extraordinary general meeting (EGM) for 2025, scheduled to be held on October 22, 2025, in Shanghai, China. The primary agenda of the meeting is to consider and approve a special resolution regarding the adoption of an Employee Share Ownership Plan. This move could potentially enhance employee engagement and align interests with shareholders, impacting the company’s operational dynamics and market positioning.

Sunshine Insurance Releases 2025 Interim Results
Aug 22, 2025

Sunshine Insurance Group Company Limited announced its unaudited interim results for the six months ending June 30, 2025. The announcement complies with the Hong Kong Stock Exchange’s listing rules and is available in both Chinese and English on the company’s and the stock exchange’s websites. The interim report will be published in September 2025, providing stakeholders with detailed financial and operational insights.

Sunshine Insurance Group Adjusts Board Committee Leadership
Aug 22, 2025

Sunshine Insurance Group Co. Ltd. announced adjustments to the members of its Board’s special committees. Mr. DONG Bin has been elected as the chairman of the Nomination and Remuneration Committee and a member of the Related Party Transactions Control Committee, while Mr. WANG Xiaopeng has been appointed as the chairman of the Risk Management Committee. These appointments are pending approval from the Chinese insurance regulatory authority and are expected to impact the company’s governance and strategic oversight.

Sunshine Insurance Group to Review Interim Results in Upcoming Board Meeting
Aug 12, 2025

Sunshine Insurance Group Co. Ltd. has announced that its board of directors will meet on August 22, 2025, to consider and approve the interim results for the first half of the year ending June 30, 2025. This meeting will also address other corporate matters, potentially impacting the company’s operations and strategic positioning in the insurance market.

Sunshine Insurance Plans H Share Full Circulation
Aug 1, 2025

Sunshine Insurance Group Co. Ltd. has announced its plan to apply for the full circulation of its H shares, converting up to approximately 30.60% of its domestic unlisted shares into H shares. This move, pending regulatory approvals, aims to enhance the company’s market presence by listing these shares on the Hong Kong Stock Exchange, potentially impacting its operations and shareholder value.

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.Date of analysis: Oct 31, 2025