CHINA LIFE(02628.HK): 2026 Q1 Report - Profit Attributable to Shareholders stood at CNY 19.51 billion, YoY decrease of 32.28%

NewTimeSpace News: April 29, 2026, CHINA LIFE(02628.HK) released its Q1 Report for the period ended December 31, 2026, Total Revenue stood at CNY 93.29 billion, decreased by 15.33% YoY; Net Profit stood at CNY 20.07 billion, YoY decrease of 31.42%; Profit Attributable to Shareholders stood at CNY 19.51 billion, YoY decrease of 32.28%; Basic Earnings Per Share (EPS) stood at CNY 1.02.

In terms of profitability, CHINA LIFE Realized Net Premium Income changed from CNY 54.21 billion in the same period last year to CNY 54.8 billion in the current period, increased by CNY 585 million; net profit changed from CNY 29.27 billion in the same period last year to CNY 20.07 billion in the current period, decreased by CNY 9.2 billion; net profit margin changed from 26.57% in the same period last year to 21.52% in the current period, decreased by 5.05 percentage points.

In terms of earnings quality, CHINA LIFE Operating Profit changed from CNY 32.67 billion in the same period last year to CNY 19.53 billion in the current period, decreased by CNY 13.14 billion; Net Cash Flow from Operating Activities changed from cash inflow of CNY 192.53 billion in the same period last year to cash inflow of CNY 175.43 billion in the current period, decreased by CNY 17.1 billion.

In terms of financial soundness, CHINA LIFE Debt-to-Asset Ratio changed from 92.19% in the same period last year to 92.07% in the current period, decreased by 0.13 percentage points; Total Equity changed from CNY 544.554 billion in the same period last year to CNY 611.987 billion in the current period, increased by CNY 67.43 billion; Cash and Cash Equivalents changed from CNY 100.851 billion in the same period last year to CNY 136.622 billion in the current period, increased by CNY 35.77 billion.

By the close of trading on April 29, 2026, CHINA LIFE(02628) saw a gain of 5.14% in its share price, closing at HKD 27.4. The full-day turnover stood at HKD 1.64 billion, with the latest market capitalization at HKD 203.89 billion.

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