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According to the AI Express of Every Economy, Guojin Securities released a research report on March 29, giving China Taiping (601601.SH) a "buy" rating. The rating reasons mainly include: 1) the company disclosed its annual report on March 26, with a year-on-year increase in net profit attributable to the parent company of 19.0% to 53.5 billion yuan; 2) overall: profit achieved good growth; 3) life insurance: NBV growth rate is impressive, with continued contribution from bank insurance channels. NBV increased by 40.1% year-on-year, margin increased by 3.2 percentage points to 19.8% year-on-year, and first-year new insurance increased by 17.6% year-on-year; 4) property insurance: net profit increased by 33.7% year-on-year, investment income increased by 16%, and underwriting profit increased by 81%; 5) asset side: comprehensive investment yield performance is good. (Daily Economic News)