NCI(SH:601336)2021-10-28 16:00Financial Performance - Total revenue for the third quarter of 2021 was RMB 51,913 million, an increase of 1.6% year-on-year[4] - Net profit attributable to shareholders of the parent company was RMB 1,408 million, a decrease of 51.2% compared to the same period last year[4] - Basic and diluted earnings per share were both RMB 0.45, down 51.6% year-on-year[5] - The company's total revenue for the nine months ended September 30, 2021, was RMB 183,988 million, an increase of 8.6% compared to RMB 169,772 million for the same period in 2020[21] - Net profit attributable to shareholders for the same period was RMB 11,954 million, up 7.6% from RMB 11,105 million in the previous year[21] - The company reported a basic and diluted earnings per share of RMB 3.83 for the nine months ended September 30, 2021, compared to RMB 3.56 in the same period of the previous year[26] - The total comprehensive income for the nine months was RMB 7,424 million, down from RMB 13,782 million in the previous year, reflecting a decrease of 46.1%[26] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 1,061,702 million, reflecting a 5.7% increase from the end of the previous year[5] - Total assets as of September 30, 2021, were RMB 1,061.70 billion, compared to RMB 1,004.38 billion at the end of 2020[19] - The total liabilities increased to RMB 956,928 million as of September 30, 2021, compared to RMB 902,696 million at the end of 2020, reflecting a growth of 6.0%[20] - The total equity attributable to shareholders increased to RMB 104,758 million as of September 30, 2021, from RMB 101,667 million at the end of 2020, marking a rise of 3.1%[20] Investment Performance - Investment assets amounted to RMB 1,018,414 million, representing a 5.5% increase year-on-year[7] - The company's investment income for the nine months was RMB 48,723 million, representing a 22.5% increase from RMB 39,777 million in the prior year[21] - Annualized total investment return rate was 6.4%, an increase of 0.8 percentage points year-on-year[16] - Cash inflow from investment activities was RMB 327,879 million for the nine months, compared to RMB 272,739 million in the same period last year, indicating a significant increase of 20.2%[27] Insurance Business - The insurance business income for the year-to-date was RMB 136,562 million, up 1.6% year-on-year[7] - Total premium income reached RMB 136.56 billion, a year-on-year increase of 1.6%[14] - First-year premium income for long-term insurance was RMB 35.12 billion, down 2.4% year-on-year[14] - Renewal premium income increased by 4.9% year-on-year to RMB 96.60 billion[14] - Individual insurance channel premium income totaled RMB 98.83 billion, up 3.2% year-on-year[15] - Group insurance premium income rose by 21.8% year-on-year to RMB 2.43 billion[15] Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 57,798 million, an increase of 3.9%[5] - The net cash flow from operating activities was RMB 57,798 million for the nine months, compared to RMB 55,610 million in the same period last year, indicating a growth of 3.9%[27] - Cash inflow from financing activities totaled $44,789 million for the nine months ended September 30, 2021, compared to $10,081 million for the same period in 2020, representing a significant increase[28] - Net cash flow from financing activities was $1,684 million for the nine months ended September 30, 2021, recovering from a net outflow of $37,970 million in the same period of 2020[28] - The cash and cash equivalents balance at the end of the period was $13,467 million, up from $9,963 million a year earlier, indicating a strong liquidity position[28] - The company reported a net cash increase of $474 million for the nine months ended September 30, 2021, contrasting with a net decrease of $1,802 million in the same period of 2020[28] Actuarial Adjustments - The company adjusted actuarial assumptions, increasing life insurance reserves by RMB 2.47 billion and long-term health insurance reserves by RMB 6.38 billion[17] - The company reported a pre-tax profit reduction of RMB 8.85 billion due to changes in actuarial estimates[17] Cash Dividends and Financing Activities - Cash dividends paid amounted to $4,859 million, with $193 million distributed to minority shareholders during the nine months ended September 30, 2021[28] - The total cash outflow from financing activities was $43,105 million for the nine months ended September 30, 2021, down from $48,051 million in the same period of 2020[28] - The company paid $14,858 million in other financing-related cash outflows during the nine months ended September 30, 2021, compared to $70 million in the same period of 2020[28]