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ZhongAn Online P&C Insurance Co (HKSE:06060) Net Margin % : 25.19% (As of Dec. 2023)


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What is ZhongAn Online P&C Insurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. ZhongAn Online P&C Insurance Co's Net Income for the six months ended in Dec. 2023 was HK$4,218 Mil. ZhongAn Online P&C Insurance Co's Revenue for the six months ended in Dec. 2023 was HK$16,747 Mil. Therefore, ZhongAn Online P&C Insurance Co's net margin for the quarter that ended in Dec. 2023 was 25.19%.

The historical rank and industry rank for ZhongAn Online P&C Insurance Co's Net Margin % or its related term are showing as below:

HKSE:06060' s Net Margin % Range Over the Past 10 Years
Min: -18.49   Med: 1.03   Max: 13.95
Current: 13.95


HKSE:06060's Net Margin % is ranked better than
73.46% of 486 companies
in the Insurance industry
Industry Median: 7.66 vs HKSE:06060: 13.95

ZhongAn Online P&C Insurance Co Net Margin % Historical Data

The historical data trend for ZhongAn Online P&C Insurance Co's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ZhongAn Online P&C Insurance Co Net Margin % Chart

ZhongAn Online P&C Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.02 2.99 5.31 -5.03 13.95

ZhongAn Online P&C Insurance Co Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.34 -5.95 -4.17 1.59 25.19

Competitive Comparison of ZhongAn Online P&C Insurance Co's Net Margin %

For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C Insurance Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ZhongAn Online P&C Insurance Co's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ZhongAn Online P&C Insurance Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where ZhongAn Online P&C Insurance Co's Net Margin % falls into.



ZhongAn Online P&C Insurance Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

ZhongAn Online P&C Insurance Co's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=4460.272/31976.476
=13.95 %

ZhongAn Online P&C Insurance Co's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=4218.031/16747.308
=25.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ZhongAn Online P&C Insurance Co  (HKSE:06060) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


ZhongAn Online P&C Insurance Co Net Margin % Related Terms

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ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Traded in Other Exchanges
Address
219 Yuanmingyuan Road, Shanghai, CHN
ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

ZhongAn Online P&C Insurance Co (HKSE:06060) Headlines

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