2021-10-28 16:00Financial Performance - Net profit attributable to shareholders was RMB 7,527 million, a decrease of 54.5% year-on-year[5] - Operating revenue for the third quarter was RMB 175,110 million, down 1.5% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was RMB 7,587 million, a decrease of 54.6% year-on-year[5] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was RMB 48.50 billion, representing a year-on-year growth of 3.0%[12] - Total operating revenue for the first nine months of 2021 reached RMB 727,711 million, an increase from RMB 691,571 million in the same period of 2020, representing a growth of 5.2%[16] - Net profit attributable to shareholders of the parent company for the first nine months of 2021 was RMB 48,502 million, compared to RMB 47,078 million in 2020, reflecting a year-on-year increase of 3.0%[16] - Basic and diluted earnings per share for the first nine months of 2021 were both RMB 1.72, up from RMB 1.66 in the same period of 2020, indicating a growth of 3.6%[17] - The total comprehensive income attributable to shareholders of the parent company for the first nine months of 2021 was RMB 38,574 million, compared to RMB 43,589 million in 2020, indicating a decrease of 11.5%[17] - The company reported a total operating expenses of RMB 676,628 million for the first nine months of 2021, up from RMB 637,440 million in 2020, which is an increase of 6.1%[16] Assets and Liabilities - Total assets reached RMB 4,732,196 million, an increase of 11.3% compared to the end of the previous year[4] - As of September 30, 2021, the company's total investment assets reached RMB 4,541.37 billion, an increase of 10.9% compared to the end of 2020[12] - The total liabilities as of September 30, 2021, amounted to RMB 4,253.80 billion, compared to RMB 3,795.48 billion at the end of 2020[15] - The total assets as of September 30, 2021, were RMB 4,732.20 billion, up from RMB 4,252.41 billion at the end of 2020[15] Investment Performance - The total investment income for the first three quarters of 2021 was RMB 165.70 billion, a year-on-year increase of 12.8%, with a total investment yield of 5.25%[12] - The company's net investment income reached RMB 139.20 billion, with a net investment yield of 4.40%, reflecting a year-on-year increase of 13.4%[12] - Investment income for the first nine months of 2021 was RMB 188,868 million, compared to RMB 156,593 million in 2020, marking an increase of 20.5%[16] - The net cash flow from investment activities for the first nine months of 2021 was a negative RMB 301,393 million, worsening from a negative RMB 175,258 million in 2020[19] Business Operations - The company achieved premium income of RMB 155,343.7 million for the first three quarters, a year-on-year increase of 1.8%[11] - The first-year premium income was RMB 91,517 million, with ten-year and above first-year premium income at RMB 36,899 million[11] - The new business value decreased by 19.6% year-on-year[11] - The total sales force stood at 1,052,000 as of September 30, 2021[11] - The return rate was stable at 0.93%, similar to the same period in 2020[11] Strategic Initiatives - The company plans to implement the "Revitalizing China Life" strategy, focusing on high-quality development and enhancing consumer rights protection[12] - The company has adjusted its investment strategy to balance long-term allocation optimization and short-term yield stability[12] - The company emphasizes risk prevention in key investment areas while closely monitoring changes in the credit environment of important industries[12] - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings and operational efficiency[20]