New China Life Insurance Company (601336) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders rose 10.5% year-over-year to RMB 6,501 million in Q1 2026.

• Operating cash flow increased 8.1% year-over-year to RMB 36,311 million.

• Total assets decreased 2.4% from year-end 2025 to RMB 1,853,653 million.

Financial highlights

• Operating revenue fell 33.7% year-over-year to RMB 22,133 million, mainly due to lower fair value gains on trading financial assets.

• Basic and diluted EPS both increased 10.1% year-over-year to RMB 2.08.

• ROE declined by 1.15 percentage points year-over-year to 5.53%.

• Shareholders’ equity rose 10.8% from year-end 2025 to RMB 123,557 million.

Outlook and guidance

• The company continues to focus on high-quality growth, improving business structure, and enhancing customer-centric strategies.