2022-04-27 16:00Financial Performance - Net profit attributable to shareholders was RMB 15,178 million, a decrease of 46.9% year-on-year[5] - Operating revenue for the quarter was RMB 343,777 million, down 8.0% from the same period last year[5] - Basic and diluted earnings per share decreased to RMB 0.54, down 46.9% year-on-year[5] - Weighted average return on equity decreased by 3.01 percentage points to 3.22%[5] - The company's net profit attributable to shareholders was RMB 15.18 billion, a decrease of 46.9% year-on-year due to market volatility[11] - The net profit attributable to shareholders of the parent company for Q1 2022 was RMB 15,526 million, down 46.4% from RMB 28,981 million in Q1 2021[15] - The total comprehensive income attributable to shareholders of the parent company for Q1 2022 was RMB (13,388) million, a decrease from RMB 17,259 million in Q1 2021[16] Investment Income - The company experienced a significant decline in investment income due to market fluctuations[7] - Total investment income for Q1 2022 was RMB 44.56 billion, with a simple annualized total investment return of 3.88%[11] - Net investment income increased by 10.7% year-on-year to RMB 45.81 billion, with a simple annualized net investment return of 4.00%[11] - The investment income for Q1 2022 was RMB 53,991 million, a decrease of 26.5% compared to RMB 73,484 million in Q1 2021[15] Assets and Liabilities - Total assets reached RMB 4,915,845 million, an increase of 0.5% compared to the end of the previous year[4] - The total liabilities as of March 31, 2022, amounted to RMB 4,442,455 million, an increase from RMB 4,404,427 million as of December 31, 2021[14] - The total equity attributable to shareholders of the parent company was RMB 465,108 million as of March 31, 2022, compared to RMB 478,585 million as of December 31, 2021[14] - The company’s total assets as of March 31, 2022, were RMB 4,915,845 million, up from RMB 4,891,085 million as of December 31, 2021[14] Cash Flow - Net cash flow from operating activities increased by 8.1% to RMB 174,337 million[5] - The net cash flow from operating activities for Q1 2022 was RMB 174,337 million, compared to RMB 161,229 million in Q1 2021, indicating an increase of about 8.5%[17] - Total cash inflow from investment activities in Q1 2022 was RMB 392,690 million, significantly higher than RMB 212,923 million in Q1 2021, marking an increase of approximately 84.5%[19] - The net cash flow from financing activities in Q1 2022 was RMB (166,725) million, compared to RMB (12,878) million in Q1 2021, reflecting a substantial increase in cash outflow[21] - The net increase in cash and cash equivalents at the end of Q1 2022 was RMB 21,899 million, compared to RMB 28,401 million at the end of Q1 2021[21] Insurance Business - In Q1 2022, the company achieved premium income of RMB 315.01 billion, a year-on-year decrease of 2.7%[10] - The insurance business income for Q1 2022 was RMB 315,011 million, down from RMB 323,892 million in Q1 2021[15] - New policy premium was RMB 100.90 billion, down 1.5% year-on-year, while renewal premium reached RMB 214.12 billion, down 3.3%[10] - The first-year regular premium was RMB 65.37 billion, a decline of 4.3%, showing significant improvement compared to the same period in 2021[10] - The company reported a decrease in policyholder dividends to RMB 5,882 million in Q1 2022 from RMB 8,127 million in Q1 2021[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 150,895[8] - The largest shareholder, China Life Insurance (Group) Company, holds 68.37% of the shares[8] Other Comprehensive Income - The other comprehensive income after tax for Q1 2022 was RMB (28,705) million, compared to RMB (11,404) million in Q1 2021, showing a significant decline[16]