2022-10-27 08:48Financial Performance - Net profit attributable to shareholders was RMB 5,701 million, a decrease of 24.2% year-on-year[2] - Operating revenue for the third quarter was RMB 172,714 million, down 1.4% from the same period last year[2] - Earnings per share (basic and diluted) decreased to RMB 0.20, down 24.2% compared to the previous year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 5,735 million, a decline of 24.3% year-on-year[2] - The decline in net profit was primarily attributed to fluctuations in equity markets and a decrease in investment income[5] - Net profit for the first nine months of 2022 was RMB 32,268 million, down 34.9% from RMB 49,575 million in the same period of 2021[15] - Basic earnings per share for the first nine months of 2022 was RMB 1.10, compared to RMB 1.72 in the same period of 2021, reflecting a decline of 36.0%[15] - Net profit attributable to shareholders was RMB 31.117 billion, a year-on-year decrease of 35.8%[9] Assets and Liabilities - Total assets reached RMB 5,128,085 million, an increase of 4.8% compared to the end of the previous year[2] - Total liabilities as of September 30, 2022, amounted to RMB 4,665,971 million, an increase of 5.9% from RMB 4,404,427 million as of December 31, 2021[13] - The company's total equity as of September 30, 2022, was RMB 462,114 million, a decrease of 5.0% from RMB 486,658 million as of December 31, 2021[13] - The company's investment assets reached RMB 4,923.484 billion, an increase of 4.4% from the end of 2021[9] Revenue and Income - In the first three quarters of 2022, the company achieved premium income of RMB 554.105 billion, a year-on-year increase of 0.1%[8] - Total revenue for the first nine months of 2022 was RMB 701,012 million, a decrease of 3.7% compared to RMB 727,785 million in the same period of 2021[14] - The company's insurance business income for the first nine months of 2022 was RMB 554,105 million, slightly up from RMB 553,437 million in the same period of 2021[14] - Investment income for the first nine months of 2022 was RMB 165,354 million, down 12.4% from RMB 188,868 million in the same period of 2021[14] - Total investment income for the first three quarters was RMB 142.565 billion, with an investment yield of 4.03%[9] Cash Flow - The company reported a net cash flow from operating activities of RMB 288,755 million, an increase of 17.2% year-on-year[2] - The net cash flow from operating activities for the group was RMB 288,755 million in the first nine months of 2022, an increase of 17.2% compared to RMB 246,373 million in the same period of 2021[17] - The total cash inflow from investment activities was RMB 1,065,440 million, up 74.0% from RMB 612,183 million in the first nine months of 2021[18] - The net cash flow from investment activities was RMB (54,580) million, a decrease of 81.9% compared to RMB (301,394) million in the same period of 2021[18] - The cash inflow from financing activities was RMB 3,241 million, down 81.3% from RMB 17,310 million in the first nine months of 2021[20] - The total cash outflow from financing activities was RMB (177,578) million, compared to RMB (27,257) million in the same period of 2021[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 140,360, with the largest shareholder holding 68.37%[6] Business Operations - The total sales force remained stable at 783,000, with individual insurance sales personnel numbering 720,000[8] - The new business value decreased by 15.4% year-on-year[8] - The company plans to enhance consumer rights protection and improve digital operations and product innovation capabilities[9] - The company will continue to adapt its investment strategies in response to complex market conditions[9] Non-Recurring Items - Non-recurring gains and losses for the third quarter amounted to a net loss of RMB 34 million[4] - The company reported a decrease in policyholder dividends paid, amounting to RMB 17,285 million in the first nine months of 2022, down from RMB 22,277 million in the same period of 2021[15] - The cash paid for insurance contract claims was RMB (133,065) million, a slight decrease from RMB (136,268) million in the same period of 2021[17] - The cash received from investment income was RMB 134,495 million, an increase of 10.0% from RMB 121,431 million in the first nine months of 2021[18]