Financial Performance - The company's operating revenue for Q1 2023 was RMB 127,602 million, representing an 8.0% increase compared to the adjusted figure for 2022[3]. - Net profit attributable to shareholders of the parent company reached RMB 3,552 million, a significant increase of 230.0% year-on-year[3]. - The basic earnings per share (EPS) for Q1 2023 was RMB 0.08, reflecting a 230.0% increase compared to the adjusted figure for 2022[3]. - The net cash flow from operating activities was RMB 23,532 million, showing a 75.1% increase year-on-year[3]. - The company's pre-tax profit for Q1 2023 was CNY 18.555 billion, representing a significant increase of 105.2% compared to the same period in 2022[12]. - Net profit for Q1 2023 reached CNY 16.050 billion, up 163.8% year-on-year[12]. - The net profit attributable to shareholders of the parent company was CNY 11.721 billion, reflecting a remarkable growth of 230.0% compared to Q1 2022[12]. - Net profit for Q1 2023 was RMB 16,050 million, significantly higher than RMB 6,084 million in Q1 2022, marking a year-over-year increase of 163.5%[24]. - Earnings per share for Q1 2023 were RMB 0.27, compared to RMB 0.08 in Q1 2022, showing a significant improvement[25]. Asset and Equity - Total assets as of December 31, 2022, were RMB 1,423,783 million, with a slight increase of 1.8%[3]. - As of March 31, 2023, total assets amounted to CNY 1,449.918 billion, a slight increase of 1.8% from December 31, 2022[13]. - Total equity reached CNY 330.243 billion, marking a 9.0% increase compared to the end of the previous year[13]. - The company's equity attributable to shareholders increased to RMB 243,226 million from RMB 222,851 million, reflecting a growth of 9.2%[22]. Insurance Premiums - The original insurance premium income for Q1 2023 was RMB 249,780 million, representing a year-on-year growth of 7.5%[3]. - The company reported a 10.2% year-on-year increase in original insurance premium income for property insurance, totaling CNY 167.641 billion in Q1 2023[16]. - The life insurance segment saw a slight decrease of 0.6% in original insurance premium income, amounting to CNY 59.414 billion[17]. - Health insurance premium income grew by 10.7% year-on-year, reaching CNY 22.679 billion in Q1 2023[18]. Cash Flow - The net cash flow from operating activities for the period ended March 31, 2023, was RMB 41,213 million, an increase of 75.2% compared to RMB 23,532 million in the same period of 2022[26]. - Total cash inflow from operating activities was RMB 199,244 million, up from RMB 179,310 million year-over-year, reflecting a growth of 11.1%[26]. - Cash outflow from operating activities totaled RMB 158,031 million, slightly higher than RMB 155,778 million in the previous year, indicating a 1.6% increase[26]. - The total cash and cash equivalents at the end of the period were RMB 30,785 million, down from RMB 35,882 million at the end of the same period last year, a decrease of 14.4%[28]. Investment and Financing Activities - Investment income for Q1 2023 was RMB 8,073 million, down from RMB 16,571 million in the same period last year, a decline of 51.2%[23]. - The net cash flow used in investing activities was RMB (4,672) million, an improvement from RMB (7,046) million in the same period last year, showing a reduction of 33.8%[27]. - The net cash flow used in financing activities was RMB (46,338) million, a significant increase from RMB (13,868) million in the prior year, reflecting a rise of 234.5%[28]. - The company reported a cash outflow of RMB 45,912 million for business funding, a significant increase from RMB 16,000 million in the previous year, marking a rise of 187.0%[28]. Other Financial Metrics - The weighted average return on net assets for Q1 2023 was 1.7%, an increase of 3.3 percentage points compared to the previous year[3]. - The weighted average return on equity increased to 5.0%, up 3.3 percentage points from the previous year[12]. - Other comprehensive income after tax attributable to shareholders was RMB 1,459 million, compared to a loss of RMB 8,451 million in Q1 2022, indicating a significant recovery[24]. - The company has implemented new accounting standards affecting the measurement and classification of financial assets, leading to significant changes in reported figures[5].
中国人民保险集团(01339) - 2023 Q1 - 季度业绩