COFCO CAPITAL(SZ:002423)2023-05-09 11:13Group 1: Financial Performance - In 2022, the total operating revenue of COFCO Capital reached 18.607 billion CNY, with a net profit attributable to shareholders of 0.597 billion CNY [1] - In Q1 2023, the company achieved an operating revenue of 5.641 billion CNY, with a net profit attributable to shareholders of 0.376 billion CNY, representing a year-on-year growth of 209.71% [1] - The original premium income of China English Life Insurance in 2022 was 11.334 billion CNY, showing a year-on-year increase of 5% [2] Group 2: Business Development Strategies - China English Life Insurance focuses on brand-driven growth, leveraging its 20th anniversary to establish a new brand value proposition and enhance its visual identity [2] - The company aims to build a young, high-quality, and high-value professional manager team centered on individual insurance channels, creating differentiated competitive advantages across various channels [2] - The strategy includes expanding into the health and elderly care industry and exploring wealth management business models, offering comprehensive solutions combining insurance, health, and wealth [2] Group 3: Risk Management and Financial Stability - As of the end of 2022, China English Life Insurance's comprehensive solvency adequacy ratio was 254.08%, with a core solvency adequacy ratio of 153.48%, maintaining a high level of stability [2] - The company has maintained an "A" rating in risk comprehensive assessment for 26 consecutive quarters and received an AAA rating under the new solvency regulations [2] - In January 2023, China English Life Insurance was rated as an A-class company by the China Insurance Industry Association [2] Group 4: Future Outlook - In 2023, China English Life Insurance aims to enhance its product and service system to meet customer lifecycle needs, focusing on business scale and long-term value [3] - The company is committed to high-quality transformation in the insurance industry, aligning with its vision of "Caring for Thousands of Families" [3]