Shang Hai Zheng Quan Bao·2025-10-19 19:19Core Viewpoint - China Life Insurance Company expects a significant increase in net profit for the first three quarters of 2025, projecting a rise of approximately 50% to 70% compared to the same period in 2024 [2][3]. Performance Forecast - The performance forecast period is from January 1, 2025, to September 30, 2025 [3]. - The estimated net profit attributable to shareholders for the first three quarters of 2025 is expected to be between RMB 1,567.85 billion and RMB 1,776.89 billion, an increase of approximately RMB 522.62 billion to RMB 731.66 billion compared to 2024 [2][3]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between RMB 1,570.11 billion and RMB 1,779.46 billion, with a similar increase compared to 2024 [3]. Previous Year Performance - For the same period in 2024, the company reported a total profit of RMB 1,236.55 billion and a net profit attributable to shareholders of RMB 1,045.23 billion [5]. Reasons for Performance Increase - The company has actively played the role of an economic "shock absorber" and a social "stabilizer," focusing on value creation and efficiency improvement [7]. - Continuous enhancement of investment capabilities and a focus on long-term, value-oriented, and stable investment strategies have contributed to the increase in investment returns [7]. - The recovery of the stock market has allowed the company to increase equity investments and optimize asset allocation, leading to a significant rise in investment income [7].