NCI(SH:601336)2016-03-29 16:00Financial Performance - The company’s net profit attributable to shareholders was CNY 8.60 billion, representing a 34.3% increase compared to the previous year[27]. - The total investment return rate for 2015 was 7.5%, an increase of 1.7 percentage points compared to the previous year[37]. - The company's total operating income for the year was 15.8453 billion RMB, reflecting a 10.7% increase compared to the previous year, primarily driven by a rise in insurance marketing channel premium income[108]. - Investment income increased by 40.0% year-on-year to 4.6223 billion RMB, mainly due to increased gains from the sale of investment assets[111]. - The company's total liabilities increased significantly, with deferred tax liabilities rising by 4,917.6% to 853 million RMB, attributed to increased unrealized gains on available-for-sale financial assets[104]. - The company's cash flow from operating activities generated a net amount of 744.9 million RMB, a decrease of 70.3% compared to the previous year, primarily due to increased cash outflows for claims and policyholder benefits[131]. Revenue and Premiums - In 2015, the company achieved life insurance revenue of CNY 111.86 billion, a year-on-year increase of 1.8%, with new policy premium income reaching CNY 52.34 billion, up 18.7%[20]. - The first-year regular premium income grew by 40.4% to CNY 16.77 billion, contributing to a 34.8% increase in new business value[20]. - The company achieved a premium income of CNY 111.859 billion in 2015, reflecting a growth of 1.8%[37]. - The sales of new health insurance policies reached CNY 7.7 billion, a year-on-year increase of 47%[38]. - The first-year premium income from the insurance marketing agent channel rose by 36.7% to RMB 12,541 million[53]. Assets and Investments - Total assets at the end of 2015 amounted to CNY 660.56 billion, a 2.6% increase from the previous year[27]. - Non-standard asset investments reached CNY 143.97 billion, accounting for 22.65% of total investment assets, an increase of 3.24 percentage points year-on-year[24]. - The company's total assets increased by 2.6% to RMB 660,560 million, while net assets rose by 19.6% to RMB 57,841 million[50]. - As of December 31, 2015, the total investment assets amounted to RMB 635.688 billion, representing a 1.6% increase from RMB 625.718 billion in 2014[70]. - The fair value of financial assets measured at fair value and recognized in profit or loss increased by RMB 5.179 billion during the reporting period[147]. Risk Management - The company faces various risks including market risk, credit risk, insurance risk, operational risk, reputation risk, strategic risk, and liquidity risk, and has implemented measures to manage these risks[13]. - The company plans to adopt a conservative risk management policy in 2016, focusing on absolute return objectives and seeking investment opportunities both domestically and internationally[25]. - The company emphasizes compliance and risk management to prevent cash flow risks and systemic risks[160]. Dividends and Capital - The company plans to distribute a dividend of RMB 0.28 per share, totaling approximately RMB 873 million, which accounts for 10.23% of the distributable profits for the year 2015[6]. - The registered capital of the company is RMB 3,119,546,600[17]. - The actual capital as of December 31, 2015, was RMB 55.949 billion, an increase from RMB 51.541 billion in 2014, primarily due to current profits and changes in investment asset fair value[140]. Business Strategy and Development - The company plans to enhance the development of protection-type products and focus on the growth of regular premium business[160]. - The company aims to improve service quality by establishing a comprehensive quantitative management system to enhance customer satisfaction and loyalty[160]. - The company anticipates that the "New National Ten Articles" will continue to release policy dividends, promoting the development of pension, health, and medical insurance[157]. Governance and Management - The company’s board of directors and senior management guarantee the accuracy and completeness of the financial report[6]. - The company has a total of 11 directors, with 8 attending the board meeting in person to approve the annual report[6]. - The company’s chairman is Wan Feng, and the chief actuary is Gong Xingfeng[16].