5 Sep 2024 CMB International Global Markets | Equity Research | Company Update CPIC (2601 HK) Steam ahead with doubled 2Q net profit and strong NBV uptrend; revise up TP CPIC delivered robust 1H results. Group net profit grew 37.1% YoY to RMB 25.1bn, translating to a nearly doubled 2Q net profit at RMB13.3bn, leading peers once again after 1Q bottom-line first turned into positive growth among CN insurers. Life and P&C net profit was up 43.0%/18.6% YoY to RMB 20bn/4.8bn, supported by strong underwriting and ...