Financial Performance - The estimated net profit attributable to shareholders for 2016 is expected to decrease by approximately 45% compared to 2015 [2]. - In 2015, the net profit attributable to shareholders was RMB 8,601 million [3]. - The basic and diluted earnings per share in 2015 were RMB 2.76 [3]. Profit Reduction Factors - The primary reasons for the profit reduction in 2016 are a significant decrease in investment income and changes in the discount rate assumptions for traditional insurance reserves [3]. Financial Data Disclaimer - The financial data provided is preliminary and subject to final confirmation in the official 2016 annual report [4]. - Investors are advised to be cautious regarding investment risks based on the preliminary estimates [4].

Financial Performance - Net profit attributable to shareholders decreased by 44.6% to RMB 4,786 million, down from RMB 8,644 million in the same period last year[5] - Operating revenue for the nine months ended September 30, 2016, was RMB 117,785 million, down 12.1% from RMB 133,994 million in the same period of 2015[28] - Basic earnings per share for the nine months ended September 30, 2016, were RMB 1.53, down from RMB 2.77 in the same period of 2015, a decline of 44.9%[28] - The company reported a comprehensive income of RMB 2,840 million for the nine months ended September 30, 2016, compared to RMB 6,379 million in 2015, a decrease of 55.6%[28] - Net profit for Q3 2016 was RMB 1,453 million, down 23.2% from RMB 1,892 million in Q3 2015[29] - Basic and diluted earnings per share for Q3 2016 were both RMB 0.46, compared to RMB 0.61 in Q3 2015[29] Assets and Liabilities - Total assets increased by 4.3% to RMB 689,096 million compared to the end of the previous year[5] - The company's total liabilities as of September 30, 2016, amounted to RMB 629,332 million, an increase from RMB 602,719 million as of December 31, 2015, indicating a growth of approximately 4.4%[26] - The company's total liabilities as of September 30, 2016, were RMB 1,200,000 million, reflecting a stable financial position[30] - The total equity attributable to shareholders of the parent company was RMB 59,757 million as of September 30, 2016, up from RMB 57,835 million at the end of 2015, representing an increase of about 3.3%[26] Cash Flow - Operating cash flow increased significantly by 70.6% to RMB 9,819 million, compared to RMB 5,755 million in the previous year[5] - Cash flow from operating activities for the nine months ended September 30, 2016, was RMB 9,819 million, up 70.8% from RMB 5,755 million in the same period of 2015[30] - Net cash flow from financing activities for the nine months ended September 30, 2016, was RMB 8,336 million, compared to a net outflow of RMB 52,306 million in the same period of 2015[30] - The total cash and cash equivalents at the end of Q3 2016 stood at RMB 11,676 million, an increase from RMB 7,750 million at the end of Q3 2015[30] Investment Performance - The annualized total investment return rate was reported at 5.1%[9] - Investment income decreased by 36.9% to RMB 24,892 million from RMB 39,479 million due to market fluctuations[21] - Total investment income for Q3 2016 was RMB 7,965 million, an increase of 1.4% from RMB 7,855 million in Q3 2015[29] Insurance Operations - Insurance business income slightly decreased by 1.3% to RMB 93,418 million from RMB 94,623 million year-on-year[8] - The total amount of insurance premium income was RMB 92,474 million for the nine months ended September 30, 2016, slightly down from RMB 94,011 million in 2015, a decrease of 1.6%[28] - First-year premium income from the insurance marketing agent channel increased by 24.4% to RMB 12,608 million[12] - The net claims expenditure increased by 60.1% to RMB 29,745 million compared to RMB 18,578 million in the previous year[8] Shareholder Information - Total number of shareholders is 46,993, with 46,394 A-share shareholders and 599 H-share shareholders[17] - HKSCC Nominees Limited holds 33.14% of shares, totaling 1,033,879,736 shares, while Central Huijin Investment Co., Ltd. holds 31.34% with 977,530,534 shares[17] Financial Assets - Financial assets measured at fair value increased by 35.0% to RMB 18,387 million compared to RMB 13,625 million in the previous period[20] - The company's receivables from premiums rose by 93.3% to RMB 2,948 million, up from RMB 1,525 million[20] - The company's total receivables from reinsurance increased by 814.7% to RMB 869 million, up from RMB 95 million[20] - The total amount of financial assets sold under repurchase agreements increased by 43.1% to RMB 28,350 million from RMB 19,816 million[20] - The company's deferred tax assets surged by 1,133.3% to RMB 74 million from RMB 6 million, attributed to capital market volatility[20] Solvency and Ratios - The core solvency adequacy ratio was 246.96%, down from 251.75% in the previous quarter[15] - The return rate decreased by 3.0 percentage points to 5.3%[8] - The weighted average return on equity decreased by 8.72 percentage points to 8.12%[5]

Financial Performance - Total revenue for the first half of 2016 was RMB 87,451 million, a decrease of 15.9% compared to RMB 103,997 million in the same period of 2015[14]. - Net profit attributable to shareholders of the parent company was RMB 3,333 million, down 50.6% from RMB 6,752 million in the previous year[14]. - Basic earnings per share attributable to shareholders of the parent company decreased by 50.5% to RMB 1.07 from RMB 2.16 year-on-year[14]. - The diluted earnings per share also decreased by 50.5% to RMB 1.07 from RMB 2.16 year-on-year[14]. - The company reported a decrease of 51.8% in the basic earnings per share after deducting non-recurring gains and losses, down to RMB 1.05 from RMB 2.18[14]. - Net profit attributable to shareholders for the first half of 2016 was RMB 3.333 billion, a decline of 50.6% from RMB 6.752 billion in the previous year[22]. - Total investment income for the first half of 2016 was RMB 16.293 billion, down 48.2% from RMB 31.480 billion year-on-year[22]. - The annualized total investment return was 5.3%, down 5.2 percentage points compared to the same period last year, mainly due to reduced gains from the sale of investment assets[49]. - The company reported a loss of CNY 2.88 billion from the combined effects of investment asset sales, fair value changes, and impairment losses, compared to a profit of CNY 16.336 billion in the same period last year[49]. Assets and Liabilities - Total assets as of June 30, 2016, were RMB 686,039 million, reflecting a 3.9% increase from RMB 660,560 million at the end of 2015[14]. - The total liabilities as of June 30, 2016, amounted to RMB 628,321 million, an increase of 4.2% compared to the end of 2015[70]. - The company's equity attributable to shareholders was RMB 577.11 billion, a slight decrease of 0.2% compared to the end of 2015, mainly due to reduced other comprehensive income from available-for-sale financial assets[80]. - The total liabilities to total assets ratio was 91.6% as of June 30, 2016, compared to 91.2% at the end of 2015[111]. Cash Flow - Net cash flow from operating activities increased by 157.6% to RMB 8,843 million compared to RMB 3,433 million in the same period last year[14]. - The net cash flow from investment activities was negative 25.689 billion RMB, compared to a positive 33.164 billion RMB in the same period last year[105]. - The net cash flow from financing activities was 16.039 billion RMB, compared to a negative 31.162 billion RMB in the same period last year[107]. Insurance Business Performance - Insurance business revenue decreased by 2.2% to RMB 71,035 million from RMB 72,661 million year-on-year[14]. - The company's insurance business revenue for the first half of 2016 was RMB 71.035 billion, a decrease of 2.2% compared to RMB 72.661 billion in the same period of 2015[22]. - The first-year premium income from the insurance marketing agent channel was RMB 90.65 billion, a growth of 27.1% compared to RMB 71.31 billion in the previous year[29]. - The first-year premium income reached 24.30 billion RMB, down 27.1% year-on-year, while renewal premium income surged to 5.79 billion RMB, an increase of 343.0%[34]. - Health insurance revenue increased by 41.0% to 11.53 billion RMB, with first-year premium income rising by 49.0% to 5.36 billion RMB[35]. Investment Strategy - The company aims to enhance its credit risk management system in response to increasing market risks and defaults[39]. - The company’s investment in high-grade interest rate bonds remains a priority, focusing on liquidity and risk-adjusted returns[38]. - A steady investment strategy will be maintained, with a focus on controlling credit and market risks while seeking investment opportunities that align with the risk-return profile of insurance funds[119]. Governance and Management - The company has established a governance structure that includes a board of directors, supervisory board, and senior management to enhance operational efficiency[176]. - The company held 2 shareholder meetings, 8 board meetings, and 4 supervisory meetings during the reporting period, ensuring compliance with governance regulations[175]. - The sixth board of directors was elected on March 4, 2016, with Wan Feng appointed as the executive director and chairman[194]. - The company appointed Mr. Wan Feng as the CEO on March 24, 2016, following the resignation of Mr. Kang Dian as CEO[198]. Shareholder Information - The total number of shares remained unchanged at 3,119,546,600 as of June 30, 2016[182]. - The company had 44,014 shareholders, with 43,414 holding A shares and 600 holding H shares[184]. - HKSCC Nominees Limited held 33.14% of shares, totaling 1,033,890,436, with a decrease of 57,100 shares during the reporting period[185]. - Central Huijin Investment Ltd. owned 31.34% of shares, amounting to 977,530,534, with no changes reported[185]. - Baosteel Group Corporation held 15.10% of shares, totaling 471,185,465, with a decrease of 26,721 shares and 164,973,279 shares pledged[185].

二、2015 年同期业绩情况 1、归属于母公司股东的净利润：人民币 6,752 百万元 2、每股收益（基本与稀释）：人民币 2.16 元 A股股票代码：601336 A股股票简称：新华保险 编号：临2016-027号 H股股票代码：1336 H股股票简称：新华保险 新华人寿保险股份有限公司 2016年中期业绩预减公告 新华人寿保险股份有限公司董事会及全体董事保证本公告内容不存 在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 一、本期业绩预告情况 1、业绩预告期间：2016 年 1 月 1 日至 2016 年 6 月 30 日（含首尾两日）。 2、业绩预告情况：经本公司初步测算，预计 2016 年中期实现归属于母公司 股东的净利润与 2015 年同期相比，将减少 50%左右。 3、本次所预计的业绩未经审计。 三、业绩减少的主要原因 本公司2016年中期业绩预计减少的主要原因是2016年上半年投资收益同比 大幅减少和传统险准备金折现率假设变动的影响。 新华人寿保险股份有限公司董事会 四、其他相关说明 2016 年 7 月 22 日 上述有关本公司 2016 年中期 ...

Financial Performance - Net profit attributable to shareholders decreased by 45.0% to RMB 1,994 million, down from RMB 3,624 million in the same period last year[5]. - Operating revenue fell by 16.6% to RMB 55,267 million, compared to RMB 66,256 million in the previous year[5]. - The company's investment income decreased by 36.0% to RMB 9,284 million, impacted by downward fluctuations in the capital market[21]. - The company reported a total comprehensive income of RMB (594) million for the three months ended March 31, 2016, compared to RMB 5,582 million in 2015[31]. - The company’s insurance business income for the three months ended March 31, 2016, was RMB 46,575 million, down from RMB 51,997 million in 2015[31]. - The basic and diluted earnings per share for the three months ended March 31, 2016, were RMB 0.64, compared to RMB 1.16 for the same period in 2015[31]. Assets and Liabilities - Total assets increased by 0.6% to RMB 664,676 million compared to the end of the previous year[5]. - The total liabilities as of March 31, 2016, amounted to RMB 607,429 million, slightly up from RMB 602,719 million at the end of 2015[30]. - The total equity attributable to shareholders of the parent company was RMB 57,241 million as of March 31, 2016, down from RMB 57,835 million at the end of 2015[30]. - The company’s total liabilities and equity as of March 31, 2016, were RMB 664,676 million, compared to RMB 660,560 million at the end of 2015[30]. Cash Flow - The net cash flow from operating activities decreased by 16.4% to RMB 4,825 million, down from RMB 5,773 million in the same period last year[5]. - Total cash inflow from operating activities decreased to RMB 45,034 million in Q1 2016 from RMB 50,273 million in Q1 2015, a decline of approximately 10.5%[32]. - Cash inflow from investment activities dropped significantly to RMB 77,416 million in Q1 2016 compared to RMB 165,830 million in Q1 2015, a decline of approximately 53.3%[32]. - The total cash and cash equivalents at the end of Q1 2016 stood at RMB 14,610 million, down from RMB 16,176 million at the end of Q1 2015[32]. - The net increase in cash and cash equivalents for Q1 2016 was RMB 706 million, compared to RMB 1,673 million in Q1 2015, indicating a decrease of approximately 57.9%[32]. Insurance Business - Insurance business income decreased by 10.4% to RMB 46,575 million from RMB 51,997 million year-on-year[9]. - The first-year premium income through the insurance marketing agent channel increased by 51.3% to RMB 5,582 million[12]. - The company reported a 30.6% decrease in policyholder benefits to RMB 21,294 million, resulting from product structure adjustments[22]. - The company received RMB 42,828 million in cash from original insurance contract premiums in Q1 2016, a decrease from RMB 48,672 million in Q1 2015, representing a decline of about 12.1%[32]. Investments - The annualized total investment return rate for the year-to-date is 6.0%[10]. - The company's financial assets measured at fair value increased by 52.2% to RMB 20,734 million as of March 31, 2016, compared to RMB 13,625 million at the end of 2015[20]. - The company's buyback financial assets surged by 515.4% to RMB 560 million, driven by daily liquidity management needs[20]. - The company's deferred income tax assets increased significantly by 1433.3% to RMB 92 million, reflecting reduced floating profits from available-for-sale financial assets amid market volatility[21].

Financial Performance - The company’s net profit attributable to shareholders was CNY 8.60 billion, representing a 34.3% increase compared to the previous year[27]. - The total investment return rate for 2015 was 7.5%, an increase of 1.7 percentage points compared to the previous year[37]. - The company's total operating income for the year was 15.8453 billion RMB, reflecting a 10.7% increase compared to the previous year, primarily driven by a rise in insurance marketing channel premium income[108]. - Investment income increased by 40.0% year-on-year to 4.6223 billion RMB, mainly due to increased gains from the sale of investment assets[111]. - The company's total liabilities increased significantly, with deferred tax liabilities rising by 4,917.6% to 853 million RMB, attributed to increased unrealized gains on available-for-sale financial assets[104]. - The company's cash flow from operating activities generated a net amount of 744.9 million RMB, a decrease of 70.3% compared to the previous year, primarily due to increased cash outflows for claims and policyholder benefits[131]. Revenue and Premiums - In 2015, the company achieved life insurance revenue of CNY 111.86 billion, a year-on-year increase of 1.8%, with new policy premium income reaching CNY 52.34 billion, up 18.7%[20]. - The first-year regular premium income grew by 40.4% to CNY 16.77 billion, contributing to a 34.8% increase in new business value[20]. - The company achieved a premium income of CNY 111.859 billion in 2015, reflecting a growth of 1.8%[37]. - The sales of new health insurance policies reached CNY 7.7 billion, a year-on-year increase of 47%[38]. - The first-year premium income from the insurance marketing agent channel rose by 36.7% to RMB 12,541 million[53]. Assets and Investments - Total assets at the end of 2015 amounted to CNY 660.56 billion, a 2.6% increase from the previous year[27]. - Non-standard asset investments reached CNY 143.97 billion, accounting for 22.65% of total investment assets, an increase of 3.24 percentage points year-on-year[24]. - The company's total assets increased by 2.6% to RMB 660,560 million, while net assets rose by 19.6% to RMB 57,841 million[50]. - As of December 31, 2015, the total investment assets amounted to RMB 635.688 billion, representing a 1.6% increase from RMB 625.718 billion in 2014[70]. - The fair value of financial assets measured at fair value and recognized in profit or loss increased by RMB 5.179 billion during the reporting period[147]. Risk Management - The company faces various risks including market risk, credit risk, insurance risk, operational risk, reputation risk, strategic risk, and liquidity risk, and has implemented measures to manage these risks[13]. - The company plans to adopt a conservative risk management policy in 2016, focusing on absolute return objectives and seeking investment opportunities both domestically and internationally[25]. - The company emphasizes compliance and risk management to prevent cash flow risks and systemic risks[160]. Dividends and Capital - The company plans to distribute a dividend of RMB 0.28 per share, totaling approximately RMB 873 million, which accounts for 10.23% of the distributable profits for the year 2015[6]. - The registered capital of the company is RMB 3,119,546,600[17]. - The actual capital as of December 31, 2015, was RMB 55.949 billion, an increase from RMB 51.541 billion in 2014, primarily due to current profits and changes in investment asset fair value[140]. Business Strategy and Development - The company plans to enhance the development of protection-type products and focus on the growth of regular premium business[160]. - The company aims to improve service quality by establishing a comprehensive quantitative management system to enhance customer satisfaction and loyalty[160]. - The company anticipates that the "New National Ten Articles" will continue to release policy dividends, promoting the development of pension, health, and medical insurance[157]. Governance and Management - The company’s board of directors and senior management guarantee the accuracy and completeness of the financial report[6]. - The company has a total of 11 directors, with 8 attending the board meeting in person to approve the annual report[6]. - The company’s chairman is Wan Feng, and the chief actuary is Gong Xingfeng[16].

Financial Performance - Net profit attributable to shareholders increased by 36.7% to RMB 8,644 million, with a basic earnings per share of RMB 2.77, up 36.5%[5] - Operating income rose by 21.9% to RMB 133,994 million, reflecting strong revenue growth[5] - The weighted average return on equity increased by 2.16 percentage points to 16.84%[5] - The company reported a comprehensive income total of RMB 6,379 million for the nine months ended September 30, 2015, down from RMB 7,971 million in the same period of 2014[23] - Basic earnings per share for the nine months ended September 30, 2015, were RMB 2.77, compared to RMB 2.03 for the same period in 2014, reflecting a 36.5% increase[23] Investment Income - The company's investment income increased by 67.8% to RMB 39,479 million compared to RMB 23,532 million in the same period last year, driven by capital market fluctuations and increased trading profits[16] - Investment income for the nine months ended September 30, 2015, increased to RMB 39,479 million, compared to RMB 23,532 million in the same period of 2014, representing a growth of 67.6%[23] - The company’s investment income for Q3 2015 was RMB 7,855 million, a decrease from RMB 9,124 million in Q3 2014, indicating a decline of 13.9%[24] Cash Flow - The net cash flow from operating activities decreased significantly by 80.8% to RMB 5,755 million[5] - Total cash inflow from operating activities for the nine months ended September 30, 2015, was RMB 92,949 million, an increase from RMB 86,431 million in the same period of 2014, representing a growth of 7.3%[25] - Net cash flow from operating activities decreased to RMB 5,755 million for the nine months ended September 30, 2015, compared to RMB 30,038 million in the same period of 2014, a decline of 80.9%[25] - Cash inflow from investment activities significantly increased to RMB 395,616 million for the nine months ended September 30, 2015, up from RMB 164,125 million in 2014, marking a growth of 141.5%[25] - Net cash flow from investment activities improved to RMB 39,657 million for the nine months ended September 30, 2015, compared to a net outflow of RMB 15,674 million in the same period of 2014[25] - Cash inflow from financing activities was RMB 2,775,542 million for the nine months ended September 30, 2015, down from RMB 3,342,317 million in 2014, a decrease of 17%[25] - Net cash flow from financing activities showed a net outflow of RMB 52,306 million for the nine months ended September 30, 2015, compared to a net outflow of RMB 15,440 million in the same period of 2014[25] Assets and Liabilities - Total assets decreased by 2.0% to RMB 630,905 million compared to the end of the previous year[5] - The company's total assets decreased to RMB 630,905 million from RMB 643,709 million year-over-year[21] - The total liabilities as of September 30, 2015, were RMB 576,817 million, a decrease of 3.1% from RMB 595,345 million at the end of 2014[22] - The company's liabilities for insurance claims increased by 68.7% to RMB 47,163 million from RMB 27,962 million, influenced by the life insurance market environment[16] - The total equity attributable to shareholders increased to RMB 54,082 million as of September 30, 2015, up 11.3% from RMB 48,359 million at the end of 2014[22] Insurance Business - Insurance business income increased by 9.7% to RMB 94,623 million, with a premium growth rate of 9.7%, down 9.6 percentage points from the previous year[9] - The surrender rate rose to 8.3%, an increase of 2.8 percentage points compared to the previous year[9] - The total premium receivables rose by 78.8% to RMB 2,759 million from RMB 1,543 million, reflecting uneven distribution and cumulative growth in the insurance business[16] - The company received RMB 91,300 million in cash from original insurance contract premiums for the nine months ended September 30, 2015, compared to RMB 84,902 million in 2014, reflecting a growth of 7.3%[25] - The company paid RMB 65,907 million in cash for insurance claims during the nine months ended September 30, 2015, an increase from RMB 40,260 million in the same period of 2014, representing a rise of 63.6%[25] Other Financial Metrics - The annualized total investment return rate was 8.7%[10] - The company's commission and fee expenses rose by 33.6% to RMB 7,679 million from RMB 5,748 million, due to increased first-year premium income[17] - The company reported a net loss from non-recurring items totaling RMB 48 million[7] - The company's income tax expenses increased by 99.0% to RMB 2,704 million from RMB 1,359 million, reflecting a rise in taxable income[17] - The deferred tax assets surged by 1,727.8% to RMB 658 million from RMB 36 million, attributed to capital market volatility[16] - The company reported a significant increase in reinsurance payables, which rose by 177.6% to RMB 186 million from RMB 67 million, due to delayed billing from some reinsurers[16] - The company has fulfilled its agreement regarding the dispute over equity held in China Minzu Securities, paying RMB 1.7 billion in principal and interest[18]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2015, reflecting a year-on-year increase of 15%[14]. - The company’s net profit for the first half of 2015 was RMB 30 million, a rise of 12% year-on-year[14]. - The company achieved operating revenue of RMB 103.997 billion in the first half of 2015, representing a year-on-year increase of 27.9%[15]. - Net profit attributable to shareholders reached RMB 6.752 billion, an increase of 80.1% compared to the same period last year[15]. - The company has set a performance guidance of 15% revenue growth for the full year 2015[14]. - The company reported a total revenue for the first half of 2015 of RMB 103,997 million, representing a 27.9% increase year-on-year, driven by growth in insurance business income[85]. - The net profit attributable to the parent company for the first half of 2015 was RMB 6,752 million, reflecting an 80.1% increase year-on-year, mainly due to growth in investment income and accumulated insurance business[103]. Assets and Liabilities - The total assets of the company reached RMB 500 billion, representing a growth of 10% compared to the previous year[14]. - The company's total assets increased by 2.5% to RMB 659.840 billion as of June 30, 2015[15]. - The total liabilities increased by 1.3% from December 31, 2014, totaling RMB 602,905 million, with notable increases in various liability categories[84]. - The company's equity attributable to shareholders reached RMB 569.29 billion, a 17.7% increase from December 31, 2014, driven by investment asset returns and accumulated business profits[84]. Investment Performance - Total investment income surged by 128.5% to RMB 31.480 billion, reflecting strong investment performance[23]. - The annualized total investment return rate improved to 10.5%, up 5.4 percentage points from the previous year[17]. - The company achieved net investment income of RMB 14.91 billion, a year-on-year increase of 9.2%[53]. - The total investment in securities amounted to RMB 1,326.38 million, with a total market value of RMB 1,427.21 million, resulting in a profit of RMB 375.32 million during the reporting period[54]. - The total profit from the company's equity investments in other listed companies was RMB 12,757.42 million, indicating strong performance in the investment portfolio[57]. Insurance Business Growth - The number of active insurance policies increased to 1.2 million, up by 20% from the same period last year[14]. - New business value grew by 43.2% to RMB 3.450 billion, driven by a 31.8% increase in new single premium income to RMB 39.330 billion[25]. - The company achieved life insurance revenue of 72.661 billion RMB in the first half of 2015, representing an 8.7% increase compared to 66.817 billion RMB in the same period of 2014[29]. - The traditional insurance segment generated 34.631 billion RMB in revenue, a significant increase of 62.3% year-over-year, while the first-year premium income for traditional insurance rose by 58.6% to 33.325 billion RMB[38]. - The health insurance segment reported revenue of 8.181 billion RMB, up 51.8% from the previous year, with first-year premium income increasing by 27.0% to 3.599 billion RMB[39]. Market Strategy and Expansion - The company plans to expand its market presence in southern China, targeting a 25% increase in market share by the end of 2016[14]. - New product launches are expected to contribute an additional RMB 50 million in revenue by the end of the fiscal year[14]. - The company launched new products including "盛世赢家" in June, aimed at enhancing business scale and optimizing customer structure[25]. - The company aims to enhance its product competitiveness by launching new health insurance products while consolidating its annuity insurance sales[123]. Risk Management and Compliance - The company has implemented a comprehensive risk control process for non-standard asset investments, including scenario analysis and stress testing[44]. - The company closely monitors liquidity risks associated with policyholder withdrawals and market fluctuations, ensuring adequate cash flow management[110]. - The company is committed to strengthening risk control and quality management across all operational aspects to mitigate potential risks[123]. - The company has maintained compliance with commitments to avoid competition from major shareholders during the reporting period[143]. Governance and Shareholder Engagement - The company held one shareholders' meeting and four board meetings during the reporting period, ensuring compliance with governance regulations[149]. - The company has established a governance structure that includes an executive committee and a CEO to enhance operational efficiency[150]. - The company reported premium income announcements on multiple occasions, indicating ongoing revenue generation activities[154]. - The board of directors held several meetings to discuss significant matters, including financial reports and internal control audits[153]. Changes in Management - The company reported a resignation of non-executive director John Huan Zhao effective March 23, 2015[167]. - The company also received a resignation from non-executive director Le Fei Liu effective July 20, 2015[167]. - Vice President and Chief Financial Officer Guogang Chen resigned effective April 30, 2015[169]. - Assistant President Gengrong Tang resigned effective May 29, 2015[169]. Embedded Value and Business Metrics - The company's embedded value as of June 30, 2015, was RMB 99,247 million, compared to RMB 85,260 million at the end of 2014[197]. - The effective business value before deducting solvency capital costs was RMB 60,481 million, compared to RMB 54,292 million in the previous period[197]. - The new business value for the year was RMB 7,460 million before deducting solvency capital costs, up from RMB 6,234 million[197]. - The company emphasizes that the embedded value and new business value should not replace other financial metrics for investment decisions[180].

| A股股票代码：601336 | A股股票简称：新华保险 编号：临2015-026号 | | --- | --- | | H股股票代码：1336 | H股股票简称：新华保险 | 新华人寿保险股份有限公司董事会及全体董事保证本公告内容不存 在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 二、2014 年同期业绩情况 1、归属于母公司股东的净利润：人民币 3,748 百万元 2、每股收益（基本与稀释）：人民币 1.20 元 一、本期业绩预告情况 1、业绩预告期间：2015 年 1 月 1 日至 2015 年 6 月 30 日（含首尾两日）。 2、业绩预告情况：经本公司初步测算，预计 2015 年中期实现归属于母公司 股东的净利润与 2014 年同期相比，将增加 80%左右。 3、本次所预计的业绩未经审计。 新华人寿保险股份有限公司 2015年中期业绩预增公告 上述有关本公司 2015 年中期业绩预告数据仅为本公司的初步核算数据，具 体准确的财务数据以本公司正式披露的 2015 年半年度报告为准，敬请广大投资 者注意投资风险。 三、本期业绩预增的主要原因 特此公告 ...

Financial Performance - Net profit attributable to shareholders increased by 132.3% to RMB 3.624 billion, compared to RMB 1.560 billion in the same period last year[5] - Operating income rose by 20.0% to RMB 66.256 billion from RMB 55.231 billion year-on-year[5] - The weighted average return on equity increased by 3.20 percentage points to 7.09%[5] - The company's net profit for the period is expected to show significant changes compared to the same period last year, but no specific guidance was provided[21] - Basic and diluted earnings per share increased to RMB 1.16 from RMB 0.50, reflecting a significant growth in profitability[25] - Total comprehensive income for the period was RMB 5,582 million, compared to RMB 1,559 million in the same period of 2014, indicating strong overall performance[25] Investment and Income - The company's investment income increased by 110.5% to RMB 14,517 million compared to RMB 6,895 million in the same period last year, driven by capital market fluctuations and increased trading profits[18] - The annualized total investment return rate was 9.9% as of the report date[11] - The company experienced a substantial increase in investment cash inflows, totaling RMB 165,830 million, compared to RMB 90,786 million in the previous year[26] Assets and Liabilities - Total assets increased by 1.1% to RMB 650.674 billion compared to the end of the previous year[5] - The total liabilities reached RMB 596,728 million, a slight increase from RMB 595,345 million in the previous period[24] - The company's total equity rose to RMB 53,946 million from RMB 48,364 million, indicating a healthy growth in shareholder value[24] - The company's liabilities related to reinsurance increased by 198.5% to RMB 200 million from RMB 67 million, influenced by the reinsurance billing cycle[18] Cash Flow - The net cash flow from operating activities decreased by 78.5% to RMB 5.773 billion compared to RMB 26.844 billion in the same period last year[5] - Cash flow from operating activities generated a net amount of RMB 5,773 million, down from RMB 26,844 million in the same period last year[26] - Cash and cash equivalents at the end of the period totaled RMB 16,176 million, a decrease from RMB 34,915 million at the end of the previous year[26] Insurance Business - Insurance business income reached RMB 51.997 billion, a 7.5% increase from RMB 48.365 billion in the previous year[10] - The claim payout net amount increased by 88.4% to RMB 7.407 billion compared to RMB 3.931 billion in the previous year[10] - The surrender rate increased by 3.6 percentage points to 5.8%[10] - The pre-collection premiums dropped significantly by 94.6% to RMB 121 million from RMB 2,246 million, reflecting timing differences in insurance underwriting[18] - The company reported a significant increase in surrender benefits, which rose by 190.1% to RMB 30,677 million from RMB 10,576 million, reflecting changes in the life insurance market environment[18] Shareholder Information - The number of shareholders reached 58,036, with the largest shareholder holding 32.88% of the shares[13] - The other comprehensive income increased by 91.8% to RMB 4,089 million from RMB 2,132 million, also due to capital market fluctuations[18]