Financial Performance - Operating revenue for Q1 2022 was RMB 146,554 million, a decrease of 3.1% compared to Q1 2021[3] - Net profit for Q1 2022 was RMB 5,437 million, down 36.4% year-on-year[3] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.57, reflecting a 36.4% decline year-on-year[3] - The decrease in net profit was attributed to a reduction in investment income[6] - The company reported a net profit of RMB 5.437 billion, a decline of 36.4% year-on-year[11] - The net profit attributable to shareholders for Q1 2022 was RMB 5,589 million, down 36.5% from RMB 8,788 million in Q1 2021[26] - The company's investment income for Q1 2022 was RMB 18,263 million, a decrease of 33.4% from RMB 27,382 million in Q1 2021[26] - The company reported a total revenue of RMB 871 million for Q1 2022, down 35.5% from RMB 1,352 million in Q1 2021[29] Assets and Liabilities - Total assets as of March 31, 2022, were RMB 2,025,715 million, representing a 4.1% increase from December 31, 2021[4] - The total assets as of March 31, 2022, reached RMB 2,025,715 million, an increase of 4.1% from RMB 1,946,164 million as of December 31, 2021[24] - The total liabilities as of March 31, 2022, amounted to RMB 1,798,597 million, compared to RMB 1,713,759 million as of December 31, 2021[24] - The company’s total liabilities decreased to RMB 1,736 million as of March 31, 2022, from RMB 2,742 million as of December 31, 2021[28] - The company’s total equity as of March 31, 2022, was RMB 136,124 million, a slight decrease from RMB 136,492 million as of December 31, 2021[28] Cash Flow - Net cash flow from operating activities increased by 45.3% to RMB 52,389 million[3] - Operating cash flow for Q1 2022 was RMB 52,389 million, an increase of 45.5% compared to RMB 36,055 million in Q1 2021[27] - Total investment cash inflow for Q1 2022 was RMB 108,275 million, while investment cash outflow was RMB 175,363 million, resulting in a net cash flow from investment activities of RMB -67,088 million[27] - Net cash flow from financing activities turned negative at RMB (737) million in Q1 2022 compared to a positive RMB 3,031 million in Q1 2021[30] - The net cash and cash equivalents decreased by RMB 1,542 million in Q1 2022, contrasting with an increase of RMB 805 million in Q1 2021[30] Insurance Business - The company achieved insurance business revenue of RMB 149.654 billion, a year-on-year increase of 7.3%[11] - Taiping Life Insurance reported insurance business revenue of RMB 99.450 billion, up 4.2% year-on-year[12] - Taiping Property Insurance generated insurance business revenue of RMB 49.864 billion, reflecting a 14.0% year-on-year growth[15] - The agent channel's insurance business revenue decreased by 10.0% year-on-year to RMB 79.320 billion[14] - The bank insurance channel saw a significant increase in insurance business revenue to RMB 11.666 billion, a growth of 892.9% year-on-year[13] Investment Performance - The group’s investment assets reached RMB 1,867.262 billion, an increase of 3.0% compared to the end of the previous year[17] - The annualized net investment return rate was 3.7%, down 0.2 percentage points year-on-year[18] - The comprehensive cost ratio was 99.1%, a decrease of 0.2 percentage points year-on-year[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 175,250[8] Other Comprehensive Income - The company reported a loss of RMB 10,876 million in other comprehensive income for Q1 2022, compared to a loss of RMB 2,267 million in Q1 2021[26] - The company’s other comprehensive income for Q1 2022 was RMB -602 million, compared to RMB -279 million in Q1 2021[29] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[26]
中国太保(02601) - 2022 Q1 - 季度财报