Want to see HK:6963 full AI Analyst Report?
Top Page
Sunshine Insurance Group Co. Ltd.
(6963)
Select Model
Select Model
Rating:76Outperform
Price Target:
HK$4.50
▲(13.64% Upside)
Action:Upgraded
Date:08/04/26
The score is driven primarily by attractive valuation (low P/E and high dividend yield) and solid financial performance (improving revenue/net income and strong cash generation). Offsetting these positives are balance-sheet risk from the sharp 2025 debt increase and only moderately positive technical momentum.
Positive Factors
Insurance platform breadth
Operating across multiple insurance lines gives Sunshine Insurance a broad platform for underwriting, policy servicing, asset management, and customer solutions. This diversified operating model can support recurring premium generation and reduce reliance on a single product category over the medium term.
Negative Factors
Sharp debt increase
The substantial one-year increase in debt, combined with falling equity, represents a clear deterioration in capital trends. Higher leverage can reduce financial flexibility and increase the balance-sheet sensitivity to weaker profitability, making this a material medium-term risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Insurance platform breadth
Operating across multiple insurance lines gives Sunshine Insurance a broad platform for underwriting, policy servicing, asset management, and customer solutions. This diversified operating model can support recurring premium generation and reduce reliance on a single product category over the medium term.
Read all positive factors
Sunshine Insurance Group Co. Ltd. (6963) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$47.73B
Dividend Yield5.48%
Average Volume (3M)10.35M
Price to Earnings (P/E)5.4
Beta (1Y)0.91
Revenue Growth7.54%
EPS Growth39.14%
CountryHK
Employees45,748
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.66
Shares Outstanding3,478,768,600
10 Day Avg. Volume15,605,613
30 Day Avg. Volume10,351,012
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)0.69
Price to Sales (P/S)0.45
P/FCF Ratio0.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.48Price Target Upside38.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.59
Revenue Forecast (FY)HK$86.89B
Sunshine Insurance Group Co. Ltd. Business Overview & Revenue Model
Company Description
Sunshine Insurance Group Company Limited operates within China, providing a diverse range of insurance policies. Its offerings encompass life insurance products, as well as a comprehensive suite of property and casualty coverage, including vehicle...
How the Company Makes Money
Sunshine Insurance Group Co. Ltd. makes money primarily through: (1) Insurance underwriting income: collecting premiums from policyholders across its insurance lines and paying out claims and benefits; profitability depends on pricing, risk select...
Sunshine Insurance Group Co. Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.41B | 88.28B | 75.22B | 72.05B | 66.60B | 119.65B |
| Gross Profit | 64.55B | 85.53B | 78.67B | 63.42B | 70.31B | 119.65B |
| EBITDA | 8.81B | 9.63B | 11.06B | 8.59B | 7.47B | 8.81B |
| Net Income | 7.50B | 6.14B | 5.45B | 3.74B | 4.49B | 5.88B |
Balance Sheet | ||||||
| Total Assets | 702.71B | 673.63B | 581.79B | 513.69B | 453.57B | 412.48B |
| Cash, Cash Equivalents and Short-Term Investments | 17.18B | 21.77B | 6.71B | 306.00B | 186.94B | 166.19B |
| Total Debt | 32.98B | 47.76B | 20.10B | 20.06B | 12.91B | 13.85B |
| Total Liabilities | 640.85B | 608.86B | 518.38B | 451.90B | 394.22B | 360.72B |
| Stockholders Equity | 55.33B | 58.23B | 62.08B | 60.45B | 58.08B | 50.55B |
Cash Flow | ||||||
| Free Cash Flow | 90.03B | 80.62B | 32.00B | 18.28B | 24.48B | 42.88B |
| Operating Cash Flow | 90.48B | 81.24B | 32.60B | 20.33B | 25.92B | 44.57B |
| Investing Cash Flow | -71.35B | -79.58B | -37.62B | -36.41B | -28.41B | -4.69B |
| Financing Cash Flow | -7.27B | 7.15B | -9.68B | 18.13B | 1.88B | -26.36B |
Sunshine Insurance Group Co. Ltd. Technical Analysis
Positive
3.96
Price Trends
3.57
Positive
3.47
Positive
3.56
Positive
Market Momentum
0.12
Negative
78.20
Negative
92.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6963, the sentiment is Positive. The current price of 3.96 is above the 20-day moving average (MA) of 3.55, above the 50-day MA of 3.57, and above the 200-day MA of 3.56, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 78.20 is Negative, neither overbought nor oversold. The STOCH value of 92.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6963.
Sunshine Insurance Group Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$81.44B | 2.53 | 33.37% | 5.63% | 18.51% | 293.61% | |
76 Outperform | HK$47.73B | 5.38 | 13.21% | 5.48% | 7.54% | 39.14% | |
73 Outperform | HK$1.15T | 6.60 | 15.80% | 5.61% | 10.72% | 38.29% | |
72 Outperform | HK$56.71B | 4.73 | 9.50% | 6.14% | 10.91% | 0.92% | |
70 Outperform | HK$43.25B | 5.04 | 6.07% | ― | 24.20% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | HK$19.61B | 8.52 | 7.49% | ― | 15.60% | 49.14% |
* Financial Sector Average
HK:6963
Sunshine Insurance Group Co. Ltd.
3.99
0.30
8.13%
HK:2318
Ping An Insurance Company of China
56.25
4.18
8.02%
HK:6060
ZhongAn Online P & C Insurance Co., Ltd
11.27
-7.14
-38.78%
HK:0966
China Taiping Insurance Holdings Co
21.86
7.03
47.37%
HK:1508
China Reinsurance (Group) Corp. Class H
1.30
-0.16
-10.75%
HK:1828
FWD Group Holdings Limited
33.04
-13.90
-29.61%
Sunshine Insurance Group Co. Ltd. Corporate Events
Sunshine Insurance reshapes company secretary team under HKEX waiver
Aug 28, 2026
Sunshine Insurance Group has announced changes to its senior corporate governance roles, with Mr. Shu Gaoyong stepping down as joint company secretary and authorized representative due to work reassignments, with no reported disagreements with the...
Sunshine Insurance Group Releases Unaudited 2026 Interim Results
Aug 28, 2026
Sunshine Insurance Group Company Limited, a PRC-based insurer listed in Hong Kong under stock code 6963, operates in the insurance and financial services industry with a governance structure comprising executive, non-executive and independent non-...
Sunshine Insurance Sets August Board Meeting to Approve Interim Results
Aug 18, 2026
Sunshine Insurance Group Company Limited has scheduled a board meeting for August 28, 2026 to review and approve its interim results for the six months ended June 30, 2026. The meeting will also address the formal publication of these figures, whi...
Sunshine Insurance Updates Final 2025 Dividend and Tax Details for H-Shareholders
Jun 17, 2026
Sunshine Insurance Group Company Limited has updated its final cash dividend announcement for the year ended 31 December 2025, confirming a payout of RMB 0.19 per share, equivalent to HKD 0.218554 per share based on an exchange rate of RMB 1 to HK...
Sunshine Insurance Wins Strong Shareholder Backing at 2026 AGM
Jun 17, 2026
Sunshine Insurance Group Company Limited reported that all resolutions put to shareholders at its annual general meeting in Beijing on 17 June 2026 were approved by wide margins, including the 2025 board and supervisory reports, the annual report ...
Sunshine Insurance Sets Out Board and Committee Structure
Jun 17, 2026
Sunshine Insurance Group has disclosed the composition of its board of directors and detailed the roles and functions of each member across seven key board committees. The structure spans strategy and investment, risk management, audit, nomination...
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.