Key Takeaways
ZA ONLINE (06060.HK) reported strong 83% year-over-year profit growth for 2025 that nonetheless fell short of market expectations. A sharp decline in second-half profit prompted investment bank CMBI to lower its price target, creating a mixed outlook for the online insurer.
- Annual Profit Growth: Net profit for 2025 increased by 83% year-over-year to RMB1.1 billion.
- Second-Half Slowdown: Profitability reversed in the latter half of the year, with net profit declining 21% year-over-year to RMB434 million.
- Analyst Target Cut: In response, CMBI lowered its price target on the stock to HKD18 from HKD23, though it maintained its 'Buy' rating.
