NCI(SH:601336)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders of the parent company for the first nine months of 2018 was RMB 7,702 million, a 52.8% increase from RMB 5,042 million in the same period of 2017[4] - Total revenue for the nine months ended September 30, 2018, reached RMB 123,496 million, an increase of 6.6% compared to RMB 115,590 million in the same period of 2017[33] - Net profit for the nine months ended September 30, 2018, was RMB 7,703 million, representing a 53.1% increase from RMB 5,043 million in the same period of 2017[33] - Basic and diluted earnings per share for the nine months ended September 30, 2018, were RMB 2.47, up from RMB 1.62 in the same period of 2017[33] - Total revenue for Q3 2018 reached RMB 39,827 million, a 3.5% increase from RMB 38,497 million in Q3 2017[34] - Net profit for Q3 2018 was RMB 1,903 million, up 5.4% from RMB 1,806 million in Q3 2017[34] - The company reported a basic earnings per share of RMB 0.61, compared to RMB 0.58 in the same period last year[34] Assets and Liabilities - As of September 30, 2018, total assets increased by 6.1% to RMB 753,256 million compared to RMB 710,275 million at the end of 2017[4] - Total liabilities as of September 30, 2018, amounted to RMB 686,636 million, an increase of 6.2% from RMB 646,552 million as of December 31, 2017[32] - The total assets of the company as of September 30, 2018, amounted to RMB 753,256 million, an increase from RMB 710,275 million at the end of 2017[30] - The total liabilities and equity as of September 30, 2018, were RMB 753,256 million, up from RMB 710,275 million as of December 31, 2017[32] - Cash and cash equivalents increased by 119.0% to RMB 19,300 million from RMB 8,813 million at the end of 2017[24] - Total liabilities increased significantly, with the amount due for repurchase agreements rising by 67.2% to RMB 33,314 million[24] Premium Income - Total premium income for the first nine months of 2018 was RMB 100,008 million, reflecting an 11.3% year-on-year growth[18] - Renewal premiums amounted to RMB 78,264 million, showing a strong growth of 29.4% year-on-year, significantly driving total premium income[18] - Total premium income for the first nine months of 2018 reached RMB 100,008 million, an increase of 11.3% compared to RMB 89,840 million in 2017[21] - First-year premium for individual insurance through the individual channel decreased by 34.4% to RMB 13,216 million from RMB 20,140 million in 2017[21] - Renewal premiums increased by 29.9% to RMB 64,582 million, up from RMB 49,703 million in 2017[21] - Short-term insurance premiums surged by 79.5% to RMB 2,567 million, compared to RMB 1,430 million in 2017[21] Cash Flow and Investment - Operating cash flow for the first nine months of 2018 reached RMB 10,712 million, representing a significant increase of 147.2% compared to RMB 4,334 million in 2017[4] - Cash flow from operating activities for the nine months ended September 30, 2018, was RMB 10,712 million, significantly higher than RMB 4,334 million in the same period of 2017[35] - The net cash flow from financing activities for the nine months ended September 30, 2018, was RMB 10,523 million, a recovery from a net outflow of RMB 19,801 million in the same period of 2017[35] - The annualized total investment return rate for the first nine months of 2018 was 4.8%[22] - Investment income for the nine months ended September 30, 2018, was RMB 25,319 million, a decrease of 5.4% compared to RMB 26,775 million in the same period of 2017[33] - Investment income for Q3 2018 was RMB 8,102 million, down 20.4% from RMB 10,186 million in Q3 2017[34] Solvency and Capital Adequacy - The comprehensive solvency adequacy ratio as of September 30, 2018, was 273.25%, indicating strong capital adequacy[13] - The company reported a 63.7% increase in ceded premiums, amounting to RMB (1,511) million compared to RMB (923) million in 2017[25] - The company’s deferred tax assets increased by 3852.8% to RMB 1,423 million, reflecting a rise in deductible temporary differences[24] Shareholder Information - The company had a total of 60,276 shareholders at the end of the reporting period, with HKSCC Nominees Limited holding 33.14% of shares[15] Other Comprehensive Income - The company’s other comprehensive income after tax for the nine months ended September 30, 2018, was a loss of RMB 3,174 million, compared to a gain of RMB 907 million in the same period of 2017[33] Operating Expenses - The company’s total operating expenses for Q3 2018 were RMB 37,311 million, an increase from RMB 36,503 million in Q3 2017[34]