China Life(601628)2024-04-26 09:52Cash Flow and Operating Performance - The company's operating cash inflow for Q1 2024 was RMB 330,482 million, compared to RMB 306,650 million in the same period last year[57] - Premiums received from insurance contracts in Q1 2024 amounted to RMB 324,933 million, up from RMB 301,400 million in Q1 2023[57] - The net cash flow from operating activities in Q1 2024 was RMB 183,759 million, slightly higher than RMB 175,980 million in the previous year[57] Balance Sheet and Financial Position - Total liabilities as of January 1, 2024, were RMB 5,315,052 million, a decrease of RMB 959 million compared to the end of 2023[62] - Shareholders' equity increased by RMB 149,318 million to RMB 487,034 million as of January 1, 2024, due to adjustments under the new accounting standards[62] - The company's insurance contract liabilities remained stable at RMB 4,859,175 million as of January 1, 2024[62] - Other comprehensive income improved significantly, with an adjustment of RMB 114,854 million, reflecting positive changes in financial assets[62] - The company's total assets increased by RMB 148,359 million to RMB 5,802,086 million as of January 1, 2024[62] - The company's retained earnings grew by RMB 14,693 million to RMB 283,133 million as of January 1, 2024[62] - The company's general risk reserve increased by RMB 9,881 million to RMB 64,229 million as of January 1, 2024[62] - Total assets increased by RMB 15.43 billion, from RMB 551.13 billion to RMB 566.56 billion[75] - Monetary funds increased by RMB 290 million, from RMB 135.36 billion to RMB 135.65 billion[75] - Fixed-term deposits increased by RMB 5.88 billion, from RMB 316.42 billion to RMB 322.30 billion[75] - Long-term equity investments decreased by RMB 112 million, from RMB 533.76 billion to RMB 533.65 billion[75] - Deferred tax assets decreased by RMB 51.48 billion, from RMB 74.50 billion to RMB 23.02 billion[75] - Other assets decreased by RMB 142 million, from RMB 23.00 billion to RMB 22.86 billion[75] Financial Reporting - The company reported its Q1 2024 financial results[76]