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China Life Insurance Ord Shs H
Previous close
$10.82
Day range
$10.84 - $11.38
Year range
$8.19 - $15.84
Market cap
798.83B HKD
Avg Volume
41.90M
P/E ratio
6.35
Dividend yield
4.15%
Financials
Income Statement
Revenue
Net income
| (CNY) | Mar 2024info | Y/Y change |
|---|---|---|
Revenue | 71.85B | 7.74% |
Operating expense | 3.39B | -29.54% |
Net income | 20.64B | -9.34% |
Net profit margin | 28.73 | -15.85% |
Earnings per share | 0.73 | — |
EBITDA | 29.11B | -12.51% |
Effective tax rate | 21.48% | — |
Balance Sheet
Total assets
Total liabilities
| (CNY) | Mar 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 2.12T | 374.89% |
Total assets | 6.07T | — |
Total liabilities | 5.58T | — |
Total equity | 490.75B | — |
Shares outstanding | 28.26B | — |
Price to book | 0.64 | — |
Return on assets | 1.18% | — |
Return on capital | 10.01% | — |
Cash Flow
Net change in cash
| (CNY) | Mar 2024info | Y/Y change |
|---|---|---|
Net income | 20.64B | -9.34% |
Cash from operations | 183.76B | 4.42% |
Cash from investing | — | — |
Cash from financing | -77.64B | -18.93% |
Net change in cash | 106.16B | 134.61% |
Free cash flow | -1.84T | — |
About
China Life Insurance Company Limited is a Beijing-headquartered China-incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list. and is Chinese largest life insurer by market share, as of April 2023. In 2023, the company was ranked 62nd in the Forbes Global 2000.
In 2022, the company announced the de-listing of its American Depository Shares and that the last day of trading was intended to be 1 September 2022. The underlying security of the ADS was the H shares, which would continue trading on the Stock Exchange of Hong Kong. The company cited limited trading volume in the ADS and administrative costs as the reasons for the de-listing.
In 2023, China Life Insurance invested $3.5 billion in Honghu Private Securities Investment Fund. The same amount was invested by New China Life Insurance. The fund will aim to improve capital utilization efficiency and increase long-term investment assets. Wikipedia
Founded
1949
Website
Employees
100,000
