NCI(SH:601336)2021-04-29 16:00Financial Performance - Operating income for Q1 2021 was RMB 81,365 million, representing a 19.4% increase from RMB 68,148 million in Q1 2020[4] - Net profit attributable to shareholders for Q1 2021 was RMB 6,305 million, up 36.0% from RMB 4,635 million in Q1 2020[4] - The total revenue for the three months ended March 31, 2021, was RMB 81,365 million, an increase from RMB 68,148 million for the same period in 2020, representing a growth of approximately 19.5%[23] - The net profit for the three months ended March 31, 2021, was RMB 6,306 million, compared to RMB 4,636 million for the same period in 2020, reflecting an increase of about 35.9%[23] - The basic earnings per share for Q1 2021 was RMB 2.02, an increase of 35.6% from RMB 1.49 in Q1 2020[4] - The total comprehensive income attributable to shareholders for the three months ended March 31, 2021, was RMB 2,087 million, compared to RMB 3,109 million for the same period in 2020, indicating a decrease of 32.8%[24] Assets and Liabilities - Total assets as of March 31, 2021, were RMB 998,897 million, a decrease of 0.5% from RMB 1,004,376 million as of December 31, 2020[4] - The total liabilities as of March 31, 2021, amounted to RMB 895,120 million, a slight decrease from RMB 902,696 million as of December 31, 2020[22] - The total equity attributable to shareholders of the parent company as of March 31, 2021, was RMB 103,763 million, an increase from RMB 101,667 million as of December 31, 2020[22] - Investment assets as of March 31, 2021, totaled RMB 957.43 billion, a decrease of 0.9% from the end of the previous year[16] Cash Flow - The net cash flow from operating activities for Q1 2021 was RMB 26,043 million, a decrease of 9.2% from RMB 28,697 million in Q1 2020[4] - The total cash inflow from investment activities for the three months ended March 31, 2021, was RMB 94,223 million, compared to RMB 101,692 million for the same period in 2020, a decrease of 7.3%[26] - The net cash flow from financing activities for the three months ended March 31, 2021, was RMB (27,503) million, compared to RMB 21,049 million for the same period in 2020, indicating a significant change in financing strategy[28] - The cash inflow from insurance premiums received was RMB 54,443 million for the three months ended March 31, 2021, compared to RMB 51,406 million for the same period in 2020, reflecting a growth of 5.9%[26] Insurance Business - The insurance business income for Q1 2021 was RMB 63,392 million, with earned premium growth rate at 9.1%, down 26.4 percentage points from 35.5% in Q1 2020[7] - The insurance business income for the three months ended March 31, 2021, was RMB 63,392 million, up from RMB 58,245 million in the same period of 2020, indicating a growth of approximately 8.8%[23] - First-year premium income for long-term insurance was RMB 21.72 billion, up 10.5% year-on-year[14] - Renewal premium income amounted to RMB 39.24 billion, reflecting an 8.4% increase compared to the previous year[14] - Individual insurance channel generated total premium income of RMB 45.21 billion, a growth of 17.6% year-on-year[15] - The bancassurance channel reported total premium income of RMB 16.90 billion, a decline of 10.1% year-on-year[15] Investment Performance - The company's investment income rose by 57.8% to RMB 19.56 billion, driven by increased trading gains[19] - The investment income for the three months ended March 31, 2021, was RMB 19,558 million, compared to RMB 12,392 million for the same period in 2020, showing an increase of about 58.2%[23] - Annualized total investment return rate was 7.9%, an increase of 2.8 percentage points year-on-year[16] Solvency and Financial Health - The weighted average return on equity increased to 6.14% in Q1 2021, up 0.75 percentage points from 5.39% in Q1 2020[5] - Core solvency ratio as of March 31, 2021, was 264.94%, slightly down from 268.28% as of December 31, 2020[9] - The unearned premium reserve as of March 31, 2021, was RMB 296 million, significantly lower than RMB 6,458 million as of December 31, 2020[22] - The company reported a decrease in the fair value change of financial liabilities measured at fair value through profit or loss, which was RMB 10,588 million as of March 31, 2021, down from RMB 14,837 million as of December 31, 2020[22] Shareholder Information - Total number of shareholders was 98,550 as of the report date[11]