China Life(SH:601628) Zhong Guo Jing Ji Wang·2025-08-08 07:26Core Viewpoint - The company emphasizes its commitment to long-term, value-based, and prudent investment strategies, achieving significant growth in investment returns despite a complex market environment [1][9]. Investment Performance - By the end of 2024, the company's investment assets reached 66,110.71 billion yuan, with net investment income of 1,956.74 billion yuan and a net investment yield of 3.47%. Total investment income was 3,082.51 billion yuan, reflecting a year-on-year increase of 150.4% and a total investment yield of 5.50% [1]. Support for the Real Economy - The company has invested over 4.62 trillion yuan in the real economy, contributing to the construction of a modern industrial system and supporting national regional strategic investments of 2.37 trillion yuan and 3.03 trillion yuan, respectively [1][2]. Green Investment Initiatives - The company has made strategic investments totaling 23.79 billion yuan in China Nuclear Huineng Co., becoming its largest strategic investor, and 36 billion yuan in Yunnan Energy Investment Group to support clean energy projects, which are expected to save 21.76 million tons of standard coal and reduce carbon emissions by approximately 36.72 million tons annually [3]. Regional Coordination and Development - The company invested 29.5 billion yuan in Guangdong Yuecai Investment Holdings to support the financial security of the Guangdong-Hong Kong-Macao Greater Bay Area, aligning with national economic development trends [4]. Investment in Key Industries - The company participated in a 7.5 billion yuan capital increase for Ansteel Group, supporting its core subsidiaries and contributing to the revitalization of traditional industries and the development of modern industrial systems [5]. Focus on Strategic Emerging Industries - Since 2016, the company has invested 19.5 billion yuan in health and technology sectors, including significant contributions to healthcare and technology innovation funds, supporting advancements in critical areas such as semiconductors and digital healthcare [6]. Long-term Capital Strategy - The company maintains a long-term investment approach, emphasizing asset-liability matching and a diversified equity investment strategy, which has positioned it as a stabilizing force in the capital market [7][8]. Future Outlook - The company plans to leverage its large-scale, long-term capital to further support the real economy and contribute to the construction of a modern industrial system, aiming for high-quality development in alignment with national modernization goals [9].