NCI(SH:601336)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 6.5% to RMB 1.56 billion year-on-year[5] - Operating revenue rose by 48.2% to RMB 55.23 billion compared to the same period last year[5] - Basic earnings per share rose by 6.4% to RMB 0.50 compared to the same period last year[5] - The company's net profit for the year is not expected to incur significant losses or major changes compared to the same period last year[26] - Net profit attributable to shareholders of the parent company for the same period was RMB 1,560 million, representing a growth of 6.5% from RMB 1,465 million in 2013[31] Assets and Liabilities - Total assets increased by 5.4% to RMB 596.54 billion compared to the end of the previous year[5] - The company's total assets reached RMB 596,543 million as of March 31, 2014, up from RMB 565,849 million as of December 31, 2013[27] - The total liabilities of the company as of March 31, 2014, amounted to RMB 555,666 million, up from RMB 526,531 million at the end of 2013, reflecting an increase of 5.5%[29] - The company's total equity reached RMB 40,877 million as of March 31, 2014, compared to RMB 39,318 million at the end of 2013, marking a growth of 4.0%[29] - The company's total liabilities and shareholders' equity amounted to RMB 596,543 million as of March 31, 2014, compared to RMB 565,849 million at the end of 2013, reflecting an increase of 5.4%[29] Cash Flow - Net cash flow from operating activities surged by 79.8% to RMB 26.84 billion compared to the previous year[5] - Total cash inflow from operating activities reached RMB 47,311 million, a significant increase from RMB 30,010 million in the same period last year, representing a growth of 57.6%[32] - Net cash flow from operating activities amounted to RMB 26,844 million, up from RMB 14,931 million, indicating an increase of 79.7% year-over-year[32] - Cash inflow from investment activities totaled RMB 90,786 million, compared to RMB 33,352 million in the previous year, reflecting a growth of 171.5%[32] - The total cash and cash equivalents at the end of the period increased to RMB 34,915 million, compared to RMB 23,803 million at the end of the same period last year, marking a growth of 46.7%[32] Insurance Operations - Earned premium increased by 53.5% to RMB 48.07 billion year-on-year[10] - Insurance business revenue rose by 53.0% to RMB 48,365 million for the three months ended March 31, 2014, compared to RMB 31,615 million for the same period in 2013, driven by growth in first-year premium income[16] - The company reported a total of RMB 10,576 million in policyholder benefits paid during the three months ended March 31, 2014, which is an increase of 44.5% from RMB 7,338 million in the same period of 2013[31] - The company reported a 44.1% increase in policyholder benefits to RMB (10,576) million, influenced by the life insurance market environment and an increase in policy surrenders[16] - The total amount of insurance premium earned was RMB 48,071 million, which is a 53.4% increase compared to RMB 31,324 million in the same period of 2013[31] Investment Performance - The annualized total investment return rate was 5.1% as of the report date[10] - The investment income for the three months ended March 31, 2014, was RMB 6,895 million, an increase of 12.8% from RMB 6,113 million in the same period of 2013[31] - The company's financial assets measured at fair value increased by 145.3% to RMB 5,828 million, reflecting an increase in debt-type investment assets[16] Shareholder Information - The number of shareholders reached 27,675, with A-share shareholders accounting for 27,318[12] - The company plans to issue debt financing instruments totaling up to RMB 5 billion to enhance solvency adequacy ratio, pending shareholder and regulatory approval[18] - The company also intends to issue subordinated debt of up to RMB 5 billion, with a maturity of over five years, subject to shareholder and regulatory approval[19] Other Financial Metrics - The company's other payables increased by 253.4% to RMB 6,415 million, primarily due to an increase in payable securities settlement funds[16] - The company's reinsurance receivables rose by 103.3% to RMB 187 million, influenced by the reinsurance billing cycle[16] - The net increase in policyholder deposits and investment funds was RMB 557 million, compared to a decrease in the previous year[32] - The company's other business income for the three months ended March 31, 2014, was RMB 130 million, slightly up from RMB 127 million in the same period of 2013[31]