Financial Performance - Total revenue for Q1 2022 was RMB 74,963 million, a decrease of 7.9% compared to the same period last year[4] - Net profit attributable to shareholders of the parent company was RMB 1,344 million, down 78.7% year-on-year[4] - Basic and diluted earnings per share were both RMB 0.43, reflecting a decrease of 78.7% compared to RMB 2.02 in Q1 2021[13] - The net profit attributable to shareholders of the parent company for the three months ended March 31, 2022, was RMB 1,344 million, a decrease of 78.7% compared to RMB 6,305 million for the same period in 2021[25] - The company reported a basic and diluted earnings per share of RMB 0.43 for the three months ended March 31, 2022, down from RMB 2.02 for the same period in 2021[27] - The total comprehensive income attributable to the parent company's shareholders for the three months ended March 31, 2022, was RMB (6,568) million, compared to RMB 2,087 million for the same period in 2021[27] Cash Flow - Net cash flow from operating activities increased by 38.8% to RMB 36,149 million[4] - The net cash flow from operating activities for the three months ended March 31, 2022, was RMB 36,149 million, an increase from RMB 26,043 million for the same period in 2021, showing a growth of approximately 38.9%[28] - Cash inflow from financing activities was RMB 12,585 million, down 33.2% from RMB 18,840 million in the same period last year[30] - Cash outflow from financing activities totaled RMB 28,290 million, a decrease of 39% compared to RMB 46,343 million in the previous year[30] - Net cash flow from financing activities was negative RMB 15,705 million, improving from negative RMB 27,503 million year-over-year[30] - The net increase in cash and cash equivalents was RMB 2,008 million, compared to RMB 5,003 million in the same period last year[30] - The ending balance of cash and cash equivalents was RMB 17,467 million, slightly down from RMB 17,996 million year-over-year[30] Assets and Liabilities - Total assets at the end of Q1 2022 were RMB 1,144,393 million, an increase of 1.5% from the end of the previous year[6] - The total liabilities as of March 31, 2022, were RMB 1,042,451 million, compared to RMB 1,019,207 million as of December 31, 2021, showing an increase of approximately 2.3%[24] - The company's total equity attributable to shareholders decreased to RMB 101,924 million from RMB 108,497 million, a decline of about 6.0%[24] Insurance Premiums - The net premium earned was RMB 63,894 million, representing a growth rate of 2.9%[8] - Total premium income for Q1 2022 reached RMB 64.89 billion, a year-on-year increase of 2.4%[16] - First-year premium for long-term insurance was RMB 21.10 billion, down 2.9% year-on-year, while first-year regular premium decreased by 18.3% to RMB 8.57 billion[17] - Renewal premium increased by 8.0% year-on-year to RMB 42.36 billion[17] - Short-term insurance premium fell by 41.4% to RMB 1.43 billion[17] - Premium income from the individual insurance channel decreased by 5.3% to RMB 42.79 billion[19] - Premium income from the bank insurance channel increased by 25.7% to RMB 21.24 billion[19] - Group insurance premium income fell by 33.2% to RMB 0.86 billion[19] - The company reported a significant decline in first-year premiums for long-term insurance in the group channel, down 67.3% to RMB 0.05 billion[19] Investment Performance - Investment assets as of March 31, 2022, amounted to RMB 1,096.07 billion, a 1.2% increase from the previous year[20] - Annualized total investment return rate for Q1 2022 was 4.0%, a decrease of 3.9 percentage points year-on-year[20] - Investment income for the three months ended March 31, 2022, was RMB 11,876 million, down from RMB 19,558 million in the same period of 2021, reflecting a decrease of about 39.4%[26] - The company experienced a significant decrease in fair value changes, reporting a loss of RMB (1,093) million for the three months ended March 31, 2022, compared to a loss of RMB (618) million in the same period of 2021[26] - The company's cash outflow from investment activities for the three months ended March 31, 2022, was RMB 152,429 million, compared to RMB 95,287 million in the same period of 2021, indicating an increase of approximately 60%[28] Solvency Ratios - The core solvency ratio was 144.19%, down from 243.35% at the end of 2021[11] - The comprehensive solvency ratio was 239.67%, compared to 252.09% at the end of the previous year[11]
新华保险(01336) - 2022 Q1 - 季度财报