NCI(SH:601336)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 29.1% to RMB 3,367 million for the first quarter of 2019, up from RMB 2,609 million in the same period of 2018[3] - Operating income for the first quarter of 2019 was RMB 49,565 million, reflecting a 7.4% increase from RMB 46,159 million year-over-year[3] - The company achieved a net cash flow from operating activities of RMB 9,789 million, a significant improvement from a negative RMB 489 million in the first quarter of 2018[3] - The weighted average return on equity increased to 4.85%, up from 4.04% in the previous year[3] - Net profit for the three months ended March 31, 2019, was RMB 3.368 billion, an increase from RMB 2.610 billion in the same period of 2018, representing a growth of around 29.1%[21] - The company's total operating expenses for the three months ended March 31, 2019, were RMB 45.522 billion, compared to RMB 42.536 billion in the same period of 2018, representing an increase of approximately 6.9%[21] - The company's other business income for the three months ended March 31, 2019, was RMB 175 million, up from RMB 147 million in the same period of 2018, reflecting an increase of approximately 19.1%[21] - For the three months ended March 31, 2019, the total comprehensive income amounted to RMB 7,609 million, a significant increase from RMB 1,798 million in the same period of 2018, representing a growth of approximately 323%[22] Insurance Business - The insurance business revenue reached RMB 43,169 million, representing a 9.5% growth compared to RMB 39,434 million in the previous year[5] - First-year premium income from long-term insurance increased by 18.0% to RMB 7,163 million, while short-term insurance premiums surged by 48.7% to RMB 2,179 million[10] - The renewal premium for the first quarter was RMB 33,827 million, showing a 6.0% year-over-year growth[10] - Total premium income for the three months ended March 31, 2019, was RMB 43,169 million, an increase of 9.5% compared to RMB 39,434 million for the same period in 2018[11] - First-year premium for long-term insurance increased by 18.0% to RMB 7,163 million from RMB 6,070 million year-on-year[11] - Short-term insurance premium rose significantly by 48.7% to RMB 2,179 million compared to RMB 1,465 million in the previous year[11] - The first-year premium for individual insurance channel increased by 16.1% to RMB 5,520 million from RMB 4,754 million year-on-year[12] - The total premium income from the bancassurance channel grew by 5.2% to RMB 7,665 million compared to RMB 7,283 million in the previous year[12] Assets and Liabilities - Total assets increased by 4.6% to RMB 767,646 million as of March 31, 2019, compared to RMB 733,929 million at the end of 2018[3] - Total liabilities as of March 31, 2019, amounted to RMB 694.441 billion, an increase from RMB 668.333 billion as of December 31, 2018, representing a growth of approximately 3.1%[19] - The total equity attributable to shareholders of the parent company reached RMB 73.195 billion, up from RMB 65.587 billion, reflecting an increase of about 11.5%[19] - The total cash and cash equivalents at the end of the period were RMB 11,721 million, compared to RMB 12,775 million at the end of the previous year, showing a decrease of about 8%[23] Investment and Cash Flow - The annualized total investment return rate for the three months ended March 31, 2019, was 4.2%[14] - Cash and cash equivalents increased by 30.0% to RMB 11,632 million from RMB 8,945 million as of December 31, 2018[15] - Receivables from premiums surged by 91.9% to RMB 4,427 million from RMB 2,307 million year-on-year[15] - Investment income for the three months ended March 31, 2019, was RMB 6.889 billion, down from RMB 7.625 billion in the same period of 2018, showing a decrease of about 9.7%[21] - The cash received from investment income was RMB 6,628 million, an increase from RMB 5,528 million in the same period of 2018, representing a growth of approximately 20%[23] - The company reported a net cash outflow from investing activities of RMB 10,759 million for the three months ended March 31, 2019, compared to a net inflow of RMB 350 million in the same period of 2018[23] - The total cash inflow from financing activities was RMB 3,773 million for the three months ended March 31, 2019, compared to RMB 4,180 million in the same period of 2018, indicating a decrease of approximately 10%[23] Claims and Expenses - The company reported a 68.6% increase in claims expenses, totaling RMB 21,047 million compared to RMB 12,486 million in the same period last year[17] - The company's total insurance claims paid for the three months ended March 31, 2019, were RMB 21.047 billion, compared to RMB 12.486 billion in the same period of 2018, indicating a significant increase of about 68.8%[21] - The company paid RMB 24,012 million in cash for insurance claims during the three months ended March 31, 2019, a decrease from RMB 30,881 million in the same period of 2018, reflecting a reduction of about 22%[23] Shareholder Information - The total number of shareholders reached 54,885, with A-share shareholders accounting for 54,601 and H-share shareholders for 284[8]