China PICC Vice President Says Changxin Technology Investment Returned More Than 20 Times

According to Jin10, China PICC Vice President Cai Zhiwei said at the company's 2026 interim earnings presentation that China PICC invested in Changxin Technology in 2021 and that the investment has returned more than 20 times, based on Changxin Technology's closing price on July 27, the day it listed on the STAR Market through its IPO this year. Cai said China PICC will stick to a long-term investment philosophy and deepen and strengthen the five major financial tasks. He added that the company has already reserved a batch of high-quality projects in its project pipeline and expects them to deliver relatively good investment returns.