NCI(SH:601336)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 42.0% to RMB 2,609 million for the first quarter of 2018, up from RMB 1,837 million in the same period of 2017[5] - Operating revenue for the first quarter of 2018 was RMB 46,159 million, representing a 3.5% increase from RMB 44,595 million in the first quarter of 2017[5] - Basic and diluted earnings per share for the three months ended March 31, 2018, were RMB 0.84, up from RMB 0.59 in the same period of 2017[25] - The company reported a total comprehensive income of RMB 1,798 million for the three months ended March 31, 2018, compared to RMB 2,483 million in the same period of 2017[25] Asset and Liability Management - Total assets increased by 1.7% to RMB 722,150 million as of March 31, 2018, compared to RMB 710,275 million at the end of 2017[5] - The total liabilities amounted to RMB 656,649 million, compared to RMB 646,552 million, indicating an increase in obligations[24] - Cash and cash equivalents increased by 44.9% to RMB 12,769 million from RMB 8,813 million due to liquidity management needs[17] - Premium receivables rose by 82.2% to RMB 4,259 million from RMB 2,338 million, attributed to uneven distribution of insurance business across quarters and cumulative growth[17] Investment and Income - The annualized total investment return rate was 4.3% for the first quarter of 2018[9] - Investment income for the three months ended March 31, 2018, was RMB 7,625 million, slightly down from RMB 7,648 million in the same period of 2017[25] - The company experienced a decrease in investment cash inflows to RMB 109,098 million for the three months ended March 31, 2018, down from RMB 161,679 million in the same period of 2017[26] Cash Flow Analysis - The net cash flow from operating activities was negative RMB 489 million, a significant improvement of 90.0% from negative RMB 4,900 million in the same period of 2017[5] - The net cash flow from financing activities for the three months ended March 31, 2018, was RMB 4,180 million, compared to RMB 2,343 million in the same period of 2017[26] Insurance Business Performance - Insurance business income rose by 5.9% to RMB 39,434 million, up from RMB 37,251 million in the first quarter of 2017[8] - The claim payout net amount decreased by 20.1% to RMB 12,330 million from RMB 15,431 million in the same period of 2017[8] - The first-year premium from individual insurance channels dropped by 47.0% to RMB 5,250 million compared to RMB 9,903 million in the first quarter of 2017[11] Solvency and Financial Health - The core solvency ratio was 272.48% as of March 31, 2018, slightly down from 275.93% at the end of 2017[14] - The weighted average return on equity increased by 1.00 percentage points to 4.04% compared to 3.04% in the previous year[5] - The company reported a 52.6% decrease in asset impairment losses, down to RMB 201 million from RMB 424 million, reflecting improved market conditions[18] Other Financial Metrics - Other receivables surged by 131.0% to RMB 3,315 million from RMB 1,435 million, driven by an increase in receivable settlement payments[17] - Deferred tax assets increased significantly by 916.7% to RMB 366 million from RMB 36 million due to an increase in deductible temporary differences[17] - Other comprehensive income after tax decreased to RMB (812) million from RMB 646 million, primarily due to declines in the fair value of available-for-sale financial assets[18] Compliance and Governance - The company continues to fulfill commitments to avoid competition with its controlling shareholder, ensuring compliance with previous agreements[20]