NCI(SH:601336)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 74,963 million, a decrease of 7.9% compared to the same period last year[4] - Net profit attributable to shareholders of the parent company was RMB 1,344 million, down 78.7% year-on-year[4] - Total operating income for the three months ended March 31, 2022, was RMB 74,963 million, down 7.3% from RMB 81,365 million in the same period of 2021[22] - The company's net profit for the three months ended March 31, 2022, was RMB 1,345 million, a decrease of 78.7% compared to RMB 6,306 million for the same period in 2021[21] - The fair value changes of available-for-sale financial assets resulted in a loss of RMB (19,498) million for the three months ended March 31, 2022, compared to a loss of RMB (2,338) million in the same period of 2021[23] - The company reported a basic and diluted earnings per share of RMB 0.43 for the three months ended March 31, 2022, down from RMB 2.02 in the same period of 2021[23] Cash Flow and Investments - The net cash flow from operating activities increased by 38.8% to RMB 36,149 million[4] - The total cash inflow from investment activities for the three months ended March 31, 2022, was RMB 134,019 million, up from RMB 101,692 million in the same period of 2021, representing a growth of 31.5%[24] - The net cash flow from financing activities for the three months ended March 31, 2022, was RMB (15,705) million, an improvement from RMB (27,503) million in the same period of 2021[30] - The company received RMB 58,118 million in cash from original insurance contract premiums for the three months ended March 31, 2022, compared to RMB 54,443 million in the same period of 2021, reflecting a growth of 6.1%[24] - The net increase in policyholder deposits and investment funds for the three months ended March 31, 2022, was RMB 4,055 million, significantly higher than RMB 1,883 million in the same period of 2021[24] - The company reported a total cash outflow from investment activities of RMB 152,429 million for the three months ended March 31, 2022, compared to RMB 95,287 million in the same period of 2021, indicating increased investment activity[29] Insurance Business Performance - The insurance business income reached RMB 64,890 million, reflecting a growth of 2.4% compared to the previous year[7] - Total premium income for Q1 2022 reached RMB 64.89 billion, a year-on-year increase of 2.4%[14] - First-year premium income for long-term insurance decreased by 18.3% to RMB 8.57 billion, while renewal premiums increased by 8.0% to RMB 42.36 billion[15] - Individual insurance channel premium income fell by 5.3% to RMB 42.79 billion, with first-year premiums down 20.9%[16] - The bank insurance channel saw a 25.7% increase in total premium income to RMB 21.24 billion, with renewal premiums rising significantly by 112.3%[17] - The earned premium growth rate was 2.9%, down 6.2 percentage points from the previous year[7] Assets and Liabilities - The total assets of the company as of March 31, 2022, were RMB 1,144,393 million, an increase of 1.5% from the end of the previous year[5] - The company's total assets as of March 31, 2022, were RMB 1,144.39 billion, compared to RMB 1,127.72 billion at the end of 2021[19] - The company's total liabilities as of March 31, 2022, were RMB 1,096.07 billion, indicating a stable financial position[19] - The total liabilities as of March 31, 2022, amounted to RMB 1,042,451 million, an increase of 2.3% from RMB 1,019,207 million as of December 31, 2021[20] - The total equity attributable to shareholders of the parent company as of March 31, 2022, was RMB 101,924 million, a decrease of 6.5% from RMB 108,497 million as of December 31, 2021[20] Solvency and Ratios - The core solvency ratio was 144.19%, down from 243.35% at the end of 2021[9] - The return on average equity for shareholders of the parent company was 1.28%, a decrease of 4.86 percentage points year-on-year[5] - The net claims expenditure was RMB 12,762 million, a decrease of 19.3% compared to the previous year[8] Shareholder Information - The number of shareholders was 115,282, with the largest shareholder holding 33.12% of the A-shares[12] - The company's cash and cash equivalents increased to RMB 17.49 billion from RMB 15.48 billion year-on-year[19] - The cash and cash equivalents at the end of the period were RMB 17,467 million, slightly down from RMB 17,996 million at the end of the same period in 2021[30]