Zhongmiao
1471.HK
Hong Kong Stock Exchange9.40
HKD
-0.45
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Zhongmiao
1471.HK
(Hong Kong Stock Exchange)
Recent
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9.40
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yld
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ROIC.AI
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- Business
- Zhongmiao Holdings (Qingdao) Co Ltd Zhongmiao Holdings (Qingdao) Co Ltd operates as an insurance agency service and solution provider in the People's Republic of China. Founded in 2017 and headquartered at No. 1 Haier Road, Laoshan District, Qingdao, Shandong, the company conducts business through three primary segments: insurance agency business, IT services, and consulting services, with the majority of revenue derived from insurance agency activities. It distributes a comprehensive range of insurance products to corporate and household clients, including property insurance products; life and health insurance products such as中国人保金医保百万医疗险 and太保蓝医保长期医疗险; accident insurance products; and automobile insurance products, facilitated through insurance agents, over 70 insurer partnerships, 20 strategic channel partners, and online platforms covering provinces including Shandong, Hebei, Henan, and Jilin. The IT services segment delivers digitalized solutions encompassing insurance marketing and sales systems, insurance claims systems, online training systems, insurance intermediary core business systems like the Quan Zhanggui APP, and artificial intelligence service systems for certificate recognition and document processing. Consulting services primarily encompass human resources consulting and marketing promotion services targeted at insurers, insurance intermediaries, and various industries. As a subsidiary within the Haier Group ecosystem and the designated insurance agency provider for Haier following its acquisition of Haier Insurance Agency, Zhongmiao listed on the Hong Kong Stock Exchange in August 2024. In August 2025, the company strategically acquired a 55% stake in Kechuang Rongxin, a fintech firm specializing in banking software and data services, to expand into comprehensive fintech offerings, integrate insurance technology with banking systems for cross-industry products like bank-insurance risk management, leverage client synergies with state-owned and regional banks, and reduce reliance on its core insurance segment while enhancing scale and R&D capabilities.