NCI(SH:601336)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders was RMB 13,003 million, representing a year-on-year growth of 68.8%[3] - The company reported a basic earnings per share of RMB 4.17, up 68.8% from the previous year[3] - Net profit for the nine months ended September 30, 2019, was RMB 13,004 million, representing a 68.8% increase from RMB 7,703 million in the same period of 2018[17] - Total comprehensive income for the nine months ended September 30, 2019, was RMB 16,670 million, compared to RMB 4,529 million in the same period of 2018, indicating a substantial increase[23] - The net profit for Q3 2019 was RMB 2,458 million, up 29.2% from RMB 1,903 million in Q3 2018[26] - Basic and diluted earnings per share for Q3 2019 were RMB 0.79, up from RMB 0.61 in Q3 2018, representing a growth of 29.5%[27] Revenue and Premium Income - Total premium income for the nine months was RMB 107,912 million, with a year-on-year growth of 7.9%[10] - The first-year premium for long-term insurance decreased by 7.1% to RMB 16,021 million, while renewal business grew by 10.2% to RMB 86,280 million[10] - Total premium income for the nine months ended September 30, 2019, was RMB 107,912 million, an increase of 7.9% compared to RMB 100,008 million for the same period in 2018[11] - Renewal premiums increased by 10.2% to RMB 86,280 million, up from RMB 78,264 million in the previous year[11] - The company's total insurance premium income for Q3 2019 was RMB 33,918 million, compared to RMB 32,138 million in Q3 2018, marking a 5.5% increase[26] Assets and Liabilities - As of September 30, 2019, total assets reached RMB 822,083 million, an increase of 12.0% compared to December 31, 2018[3] - The total liabilities of the company as of September 30, 2019, were RMB 740,479 million, compared to RMB 667,680 million at the end of 2018, reflecting an increase of about 10.9%[20] - The company's total equity attributable to shareholders reached RMB 79,798 million, a rise from RMB 65,587 million in the previous year, marking an increase of approximately 21.6%[20] - The company's total liabilities as of September 30, 2019, were RMB 1,200,000 million, an increase from RMB 1,150,000 million as of September 30, 2018, indicating a growth of 4.3%[21] - The company's total assets as of September 30, 2019, were RMB 1,500,000 million, compared to RMB 1,450,000 million as of September 30, 2018, reflecting an increase of 3.4%[21] Cash Flow and Investment - Operating cash flow for the nine months ended September 30, 2019, was RMB 28,088 million, a significant increase of 162.2% compared to the same period in 2018[3] - The total cash inflow from investment activities for the nine months ended September 30, 2019, was 166,099 million, up from 132,361 million in 2018, indicating a growth of approximately 25.5%[29] - The net cash flow from financing activities for the nine months ended September 30, 2019, was 19,855 million, compared to 10,523 million in 2018, showing an increase of about 88.5%[29] - The cash inflow from received insurance premiums was 103,835 million for the nine months ended September 30, 2019, compared to 95,867 million in 2018, marking an increase of approximately 8.5%[29] - The cash outflow for investment activities was 207,944 million for the nine months ended September 30, 2019, compared to 143,237 million in 2018, indicating a rise of about 45.2%[29] Investment Performance - The annualized total investment return rate for the nine months ended September 30, 2019, was 4.7%[14] - Investment income for the nine months ended September 30, 2019, was RMB 26,382 million, compared to RMB 25,319 million in the same period of 2018, showing an increase of 4.2%[21] - Investment income for Q3 2019 was RMB 9,053 million, an increase from RMB 8,102 million in Q3 2018, reflecting a growth of 11.7%[26] Operational Efficiency - The company reported a significant decrease in surrender payments, down 66.6% to RMB 9,978 million from RMB 29,865 million in the previous year, due to a shift in business strategy[17] - The company plans to continue expanding its market presence and investing in new technologies to enhance its product offerings and improve customer service[22] - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings and operational efficiency[28] Shareholder Information - The total number of shareholders was 85,274, with the largest shareholder holding 33.14% of the shares[9]