中国太平(00966) - 2021 - 中期财报

Financial Performance - Total premiums written and policy fees for the six months ended June 30, 2021, were HK$156,971,245, an increase from HK$137,074,268 in the same period of 2020[8]. - Net premiums written and policy fees reached HK$150,037,791, compared to HK$130,192,061 in the previous year, reflecting a growth of approximately 15%[8]. - Net earned premiums and policy fees amounted to HK$146,668,805, up from HK$127,856,061, indicating a year-over-year increase of about 15%[8]. - Total income for the period was HK$182,434,992, compared to HK$151,251,789 in the prior year, representing a growth of approximately 21%[8]. - Profit before taxation was HK$7,726,625, an increase from HK$6,843,730, showing a growth of around 13%[8]. - Profit after taxation reached HK$7,074,257, compared to HK$5,078,628 in the same period last year, marking an increase of approximately 39%[8]. - Earnings per share attributable to the owners of the Company were HK$1.423, significantly higher than HK$0.800 in the previous year, reflecting an increase of about 78%[8]. - Other income for the period was HK$3,392,847, compared to HK$2,321,102 in the previous year, indicating a growth of approximately 46%[8]. - The company reported net investment income of HK$21,083,451, up from HK$16,907,861, representing an increase of about 24%[8]. - Profit after taxation for the six months ended June 30, 2021, was HKD 7,074,257, compared to HKD 5,078,628 for the same period in 2020, representing a 39.4% increase[11]. Assets and Liabilities - Fixed assets increased to HKD 29,926,607 as of June 30, 2021, from HKD 23,022,546 at the end of 2020, reflecting a growth of 30.5%[14]. - Investment properties rose to HKD 22,019,568, up from HKD 18,792,109, marking an increase of 17.8%[14]. - Cash and cash equivalents significantly increased to HKD 50,269,986 from HKD 31,306,390, a growth of 60.7%[14]. - Total liabilities amounted to HKD 1,299,011,801, compared to HKD 1,169,007,966 at the end of 2020, representing an increase of 11.1%[14]. - Life insurance contract liabilities reached HKD 816,876,090, up from HKD 706,785,380, indicating a rise of 15.6%[14]. - The net assets of the company were HKD 117,514,706 as of June 30, 2021, slightly up from HKD 116,613,059 at the end of 2020, showing a marginal increase of 0.8%[16]. Investment Performance - The company reported a revaluation gain of HKD 77,151 during the period, compared to HKD 3,459 in the previous year[11]. - The exchange differences on translation of foreign operations resulted in a gain of HKD 3,395, contrasting with a loss of HKD 80,898 in the prior year[11]. - The company reported net realized investment gains of HKD 13,411,581,000, reflecting strong performance in investment activities[59]. - The total income from debt securities was HKD 18,365,963,000, showcasing the company's strong position in fixed-income investments[62]. - The company experienced a net rental income receivable from investment properties of HKD 393,206,000, indicating effective asset management[62]. Cash Flow and Dividends - For the six months ended June 30, 2021, the net cash from operating activities was HKD 74,304,397, a decrease of 1.83% compared to HKD 75,693,054 for the same period in 2020[44]. - The net cash used in investing activities was HKD (52,874,962), which is a significant decrease of 24.87% from HKD (70,322,826) in the previous year[44]. - The company has not declared dividends for the period, as indicated in the financial statements[41]. - The final cash dividend proposed was $0.40 per share, amounting to $1,437,607,000, compared to $1,078,206,000 for the previous year[129]. Strategic Focus and Future Outlook - The company aims to enhance its market position through strategic investments and potential acquisitions in the insurance sector[74]. - The company is focusing on expanding its overseas property and casualty insurance operations to enhance revenue streams[63]. - The overall financial performance indicates a robust growth trajectory, with a focus on improving operational efficiency and expanding market share in both domestic and overseas markets[116].