PICC(SH:601319)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months of 2020 was RMB 453,065 million, reflecting a growth of 6.9% year-on-year[4] - Net profit attributable to shareholders of the parent company for the first nine months of 2020 was RMB 18,736 million, a decrease of 12.3% compared to the same period in 2019[4] - The company's total comprehensive income for the first nine months of 2020 was RMB 27,664 million, a decrease of 34.0% compared to RMB 41,885 million in the same period of 2019[21] - The company reported a basic earnings per share of RMB 0.42 for the first nine months of 2020, down from RMB 0.48 in the same period of 2019[4] - The company's net profit for the first nine months of 2020 was impacted by a loss of RMB 273 million from fair value changes in financial assets[21] - The company's tax expenses increased to RMB 4,892 million, influenced by new tax regulations on service fees from the previous year[21] - The company's operating profit for the first nine months of 2020 was RMB 9,449 million, compared to RMB 9,291 million in the same period of 2019, reflecting a growth of 1.7%[26] - The company's total operating expenses for the first nine months of 2020 were RMB 133,339 million, an increase from RMB 124,689 million in the same period of 2019[26] Assets and Liabilities - Total assets as of September 30, 2020, reached RMB 1,257,704 million, an increase of 11.0% compared to December 31, 2019[4] - Total liabilities as of September 30, 2020, were 991.73 billion yuan, an increase of 11.9% compared to December 31, 2019[11] - The total equity attributable to shareholders of the parent company increased to RMB 197,790 million, up 8.0% from December 31, 2019[4] - The total equity as of September 30, 2020, was 265.98 billion yuan, an increase of 7.8% compared to December 31, 2019[11] - The total liabilities increased to RMB 991,728 million, up from RMB 885,932 million, reflecting growth in various liability accounts[24] Insurance Business - Insurance business revenue for the first three quarters of 2020 reached 456.13 billion yuan, a year-on-year increase of 3.6%[10] - The original insurance premium income for property insurance in the first three quarters of 2020 was 344.17 billion yuan, a year-on-year increase of 3.7%[12] - The net profit for property insurance in the first three quarters of 2020 was 17.34 billion yuan, a year-on-year decrease of 21.1%[12] - The original insurance premium income for life insurance in the first three quarters of 2020 was 82.12 billion yuan, a year-on-year decrease of 5.3%[14] - The net profit for life insurance in the first three quarters of 2020 was 6.70 billion yuan, a year-on-year increase of 33.9%[14] Cash Flow and Financing - The net cash flow from operating activities for the first nine months of 2020 was RMB 16,587 million, a slight increase of 1.3% year-on-year[4] - The net cash flow from financing activities increased to RMB 21,178 million in 2020, compared to RMB 10,500 million in 2019, representing a 101.7% increase[30] - The total cash inflow from financing activities was RMB 33,058 million in 2020, up from RMB 19,287 million in 2019, indicating a growth of 71.5%[30] - The cash flow from investment activities generated a net inflow of RMB 4,354 million in 2020, significantly higher than RMB 1,988 million in 2019, marking a 118% increase[32] - The company recorded a total of RMB 250,190 million in cash inflows from investment activities during the first nine months of 2020, compared to RMB 192,261 million in 2019, an increase of 30.1%[29] Shareholder Information - The total number of shareholders as of the report date was 251,227, with the top ten shareholders holding 60.84% of the shares[7] - The total equity attributable to shareholders increased to RMB 100,278 million as of September 30, 2020, compared to RMB 98,479 million at the end of 2019, marking a growth of 1.8%[25]