NCI(SH:601336)2015-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 36.7% to RMB 8,644 million, with a basic earnings per share of RMB 2.77, up 36.5%[5] - Operating income rose by 21.9% to RMB 133,994 million, reflecting strong revenue growth[5] - The weighted average return on equity increased by 2.16 percentage points to 16.84%[5] - The company reported a comprehensive income total of RMB 6,379 million for the nine months ended September 30, 2015, down from RMB 7,971 million in the same period of 2014[23] - Basic earnings per share for the nine months ended September 30, 2015, were RMB 2.77, compared to RMB 2.03 for the same period in 2014, reflecting a 36.5% increase[23] Investment Income - The company's investment income increased by 67.8% to RMB 39,479 million compared to RMB 23,532 million in the same period last year, driven by capital market fluctuations and increased trading profits[16] - Investment income for the nine months ended September 30, 2015, increased to RMB 39,479 million, compared to RMB 23,532 million in the same period of 2014, representing a growth of 67.6%[23] - The company’s investment income for Q3 2015 was RMB 7,855 million, a decrease from RMB 9,124 million in Q3 2014, indicating a decline of 13.9%[24] Cash Flow - The net cash flow from operating activities decreased significantly by 80.8% to RMB 5,755 million[5] - Total cash inflow from operating activities for the nine months ended September 30, 2015, was RMB 92,949 million, an increase from RMB 86,431 million in the same period of 2014, representing a growth of 7.3%[25] - Net cash flow from operating activities decreased to RMB 5,755 million for the nine months ended September 30, 2015, compared to RMB 30,038 million in the same period of 2014, a decline of 80.9%[25] - Cash inflow from investment activities significantly increased to RMB 395,616 million for the nine months ended September 30, 2015, up from RMB 164,125 million in 2014, marking a growth of 141.5%[25] - Net cash flow from investment activities improved to RMB 39,657 million for the nine months ended September 30, 2015, compared to a net outflow of RMB 15,674 million in the same period of 2014[25] - Cash inflow from financing activities was RMB 2,775,542 million for the nine months ended September 30, 2015, down from RMB 3,342,317 million in 2014, a decrease of 17%[25] - Net cash flow from financing activities showed a net outflow of RMB 52,306 million for the nine months ended September 30, 2015, compared to a net outflow of RMB 15,440 million in the same period of 2014[25] Assets and Liabilities - Total assets decreased by 2.0% to RMB 630,905 million compared to the end of the previous year[5] - The company's total assets decreased to RMB 630,905 million from RMB 643,709 million year-over-year[21] - The total liabilities as of September 30, 2015, were RMB 576,817 million, a decrease of 3.1% from RMB 595,345 million at the end of 2014[22] - The company's liabilities for insurance claims increased by 68.7% to RMB 47,163 million from RMB 27,962 million, influenced by the life insurance market environment[16] - The total equity attributable to shareholders increased to RMB 54,082 million as of September 30, 2015, up 11.3% from RMB 48,359 million at the end of 2014[22] Insurance Business - Insurance business income increased by 9.7% to RMB 94,623 million, with a premium growth rate of 9.7%, down 9.6 percentage points from the previous year[9] - The surrender rate rose to 8.3%, an increase of 2.8 percentage points compared to the previous year[9] - The total premium receivables rose by 78.8% to RMB 2,759 million from RMB 1,543 million, reflecting uneven distribution and cumulative growth in the insurance business[16] - The company received RMB 91,300 million in cash from original insurance contract premiums for the nine months ended September 30, 2015, compared to RMB 84,902 million in 2014, reflecting a growth of 7.3%[25] - The company paid RMB 65,907 million in cash for insurance claims during the nine months ended September 30, 2015, an increase from RMB 40,260 million in the same period of 2014, representing a rise of 63.6%[25] Other Financial Metrics - The annualized total investment return rate was 8.7%[10] - The company's commission and fee expenses rose by 33.6% to RMB 7,679 million from RMB 5,748 million, due to increased first-year premium income[17] - The company reported a net loss from non-recurring items totaling RMB 48 million[7] - The company's income tax expenses increased by 99.0% to RMB 2,704 million from RMB 1,359 million, reflecting a rise in taxable income[17] - The deferred tax assets surged by 1,727.8% to RMB 658 million from RMB 36 million, attributed to capital market volatility[16] - The company reported a significant increase in reinsurance payables, which rose by 177.6% to RMB 186 million from RMB 67 million, due to delayed billing from some reinsurers[16] - The company has fulfilled its agreement regarding the dispute over equity held in China Minzu Securities, paying RMB 1.7 billion in principal and interest[18]