2021-08-29 16:00Financial Performance - The company reported a total revenue of RMB 100 billion for the first half of 2021, representing a year-on-year increase of 15%[9]. - The net profit attributable to shareholders reached RMB 10 billion, up 20% compared to the same period last year[9]. - The group's operating revenue reached RMB 252,512 million, an increase of 7.2% year-on-year[15]. - The net profit attributable to shareholders of the parent company was RMB 17,304 million, up 21.5% compared to the previous year[16]. - The company achieved operating revenue of RMB 252.51 billion in the first half of 2021, a year-on-year increase of 7.2%[42]. - Net profit for the first half of 2021 was RMB 17.30 billion, representing a year-on-year growth of 21.5%[42]. - The net profit for the first half of 2021 was RMB 12.873 billion, a year-on-year increase of 26.9%[74]. - The company reported a basic earnings per share of RMB 1.80 for the first half of 2021, up 14.6% from the same period last year[42]. Assets and Investments - The total assets of the company amounted to RMB 1 trillion, reflecting a growth of 12% year-on-year[9]. - The total assets as of June 30, 2021, reached RMB 1,896.87 billion, an increase of 7.1% compared to the end of 2020[42]. - The total assets of the company reached RMB 2,565,483 million as of June 30, 2021, a 5.3% increase from RMB 2,436,080 million at the end of 2020[98]. - The total investment assets of the company reached RMB 1,752,116 million as of June 30, 2021, representing a 6.3% increase compared to the end of the previous year[102]. - The company’s third-party management assets grew to RMB 813,367 million, reflecting a 3.2% increase from the end of 2020[98]. Insurance Business Performance - The insurance premium income increased by 18% to RMB 80 billion, driven by strong demand in both life and property insurance segments[9]. - The life insurance business achieved a revenue of CNY 141.449 billion, a year-on-year increase of 2.1%[61]. - The new business value of life insurance was RMB 10,231 million, down 8.9% year-on-year, with a new business value rate of 25.4%, a decrease of 11.6 percentage points[16]. - The new business value for life insurance in the first half of 2021 was RMB 10.23 billion, a decline of 8.9% year-on-year[55]. - The comprehensive cost ratio for property insurance business was 99.3%, an increase of 0.9 percentage points year-on-year[55]. - The health insurance segment saw a revenue increase of 70.1%, reaching RMB 8.213 billion, driven by rising health insurance demand post-pandemic[85]. Customer Growth - The number of customers reached 159,852 thousand, an increase of 10,914 thousand from the previous year[16]. - The total number of group customers approached 160 million, with over 10 million new customers added in the first half of 2021[25]. - The number of group customers reached 159,852, representing a growth of 7.3% year-on-year[57]. Risk Management and Compliance - Risks identified include market risk and operational risk, with strategies in place to mitigate these challenges[9]. - The company plans to strengthen its risk management and compliance capabilities in response to evolving regulatory requirements[133]. - The company emphasizes the importance of maintaining sufficient solvency and operational stability amidst potential catastrophic risks[133]. Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in overseas revenue by 2023[9]. - The company has allocated RMB 1 billion for technology development, focusing on digital transformation and customer experience enhancement[9]. - The group is advancing its big data strategy, establishing a multi-level data governance structure and enhancing data application capabilities[32]. - The company is focusing on product innovation and digital transformation to enhance its service capabilities and market competitiveness[78]. Shareholder Information - The total number of shares outstanding is 9,620,341,455, with 71.15% being RMB ordinary shares and 28.85% being H shares[192]. - Major shareholder Schroders Plc holds 362,783,188 shares, representing 13.07% of the H shares and 3.77% of the total issued shares[182]. - The company does not have a controlling shareholder or actual controller, indicating a dispersed ownership structure[196]. Fundraising and Utilization - The company completed the issuance of 111,668,291 GDRs at a price of $17.60 each, raising a total of $1,965,361,921.60[174]. - Over 70% of the net proceeds from the fundraising will be used for equity investments, partnerships, and mergers and acquisitions in developed and emerging markets[175]. - The company plans to utilize the remaining unutilized funds based on business development and market opportunities[175].