Stock 601336 NEW CHINA LIFE INSURANCE COMPANY LTD.
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Company New China Life Insurance Company Ltd.

Equities

601336

CNE1000019Y0

Life & Health Insurance

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-22 pm EDT 		5-day change 1st Jan Change
29.54 CNY -1.50% Intraday chart for New China Life Insurance Company Ltd. +1.30% -5.11%
Apr. 16 New China Life Insurance Logs Over 57 Billion Yuan in Q1 Premium Income MT
Mar. 29 New China Life Insurance's 2023 Profit Slips 11% as Revenue Plunges 65.5% MT

Business Summary

New China Life Insurance Company Ltd. is a China-based provider of life insurance services and products. The Company's main businesses consist of personal life insurance, group life insurance and wealth management business. The Company's personal life insurance products include traditional life insurance, participating life insurance, universal life insurance, investment-linked insurance, health insurance and casualty insurance. Its group insurance products include group life insurance, health insurance and casualty insurance. Through its subsidiaries, the Company is also engaged in insurance agent business. The Company distributes its insurance products primarily through insurance salesmen and banks.

Number of employees: 30,662

Sales per Business

CNY in Million2022Weight2023Weight Delta
Traditional Insurance
69.5 %
204,796 97.8 % 50,236 69.5 % -75.47%
Participating Insurance
25.9 %
3,653 1.7 % 18,699 25.9 % +411.88%
Other
5.6 %
1,949 0.9 % 4,054 5.6 % +108.00%
Offset
-1.0 %
-917 -0.4 % -735 -1.0 % -19.85%

Sales per region

CNY in Million2022Weight2023Weight Delta
China
100.0 %
209,481 100.0 % 72,254 100.0 % -65.51%

Managers

Managers TitleAgeSince
Hong Zhang PSD
 President 59 21-06-20
Ying Zhu CMP
 Compliance Officer 53 11-07-17
Wing Kuen Cheung CTO
 Chief Tech/Sci/R&D Officer 60 11-10-31
Hong Li Wang IRC
 Investor Relations Contact - -
Xia Meng AUD
 Comptroller/Controller/Auditor - -
Chao Jun Yuan PRN
 Corporate Officer/Principal 52 02-10-31
Xing Feng Gong SEC
 Corporate Secretary 54 98-12-31
Ping Huang PRN
 Corporate Officer/Principal 68 00-08-31
Sau Mei Ng SEC
 Corporate Secretary 47 21-12-21

Members of the board

Members of the board TitleAgeSince
Hong Zhang PSD
 President 59 21-06-20
Zhong Zhu Wang BRD
 Director/Board Member 56 10-03-31
Jian Nan Yu BRD
 Director/Board Member 51 18-01-31
Qi Qiang Li BRD
 Director/Board Member 53 19-08-20
Chongsong Liu BRD
 Director/Board Member - 19-08-20
Yiu Tim Ma BRD
 Director/Board Member 69 19-12-02
Xing Da He BRD
 Director/Board Member 45 21-10-26
Xue Yang BRD
 Director/Board Member 50 21-10-26
Yongqing Guo BRD
 Director/Board Member - 22-12-29
Xu Xu BRD
 Director/Board Member - 22-12-29

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,034,107,260 870,325,360 ( 84.16 %) 0 50.04 %
Stock B 1 2,085,439,340 690,707,025 ( 33.12 %) 0

Shareholders

NameEquities%Valuation
FOSUN INTERNATIONAL LIMITED
9.987 %
103,278,600 9.987 % 183 M ¥
China State-Owned Assets Supervision & Admn Commission
5.851 %
60,503,300 5.851 % 107 M ¥
Fidelidade Companhia de Seguros SA
5.530 %
57,184,900 5.530 % 101 M ¥
BlackRock Fund Advisors
1.301 %
13,452,700 1.301 % 24 M ¥
Nanjing Nangang Iron & Steel United Co., Ltd.
1.183 %
12,232,200 1.183 % 22 M ¥
Shanghai Fosun Industrial Investment Co., Ltd.
0.8470 %
8,759,400 0.8470 % 16 M ¥
CTBC Investments Co., Ltd.
0.7803 %
8,068,735 0.7803 % 14 M ¥
BlackRock Advisors (UK) Ltd.
0.6281 %
6,495,246 0.6281 % 12 M ¥
GF Fund Management Co., Ltd.
0.4178 %
4,320,400 0.4178 % 8 M ¥
BlackRock Investment Management (UK) Ltd.
0.4071 %
4,209,603 0.4071 % 7 M ¥
NameEquities%Valuation
Government of China
48.23 %
1,005,779,734 48.23 % 4 150 M ¥
China State-Owned Assets Supervision & Admn Commission
18.09 %
377,162,581 18.09 % 1 556 M ¥
China Securities Finance Corp. Ltd.
4.476 %
93,339,003 4.476 % 385 M ¥
HuaAn Fund Management Co., Ltd.
0.6725 %
14,023,823 0.6725 % 58 M ¥
Beijing Taiji Huaqing Peicheng Softwares Technology Co. Ltd.
0.6378 %
13,300,000 0.6378 % 55 M ¥
Founder Fubon Fund Management Co., Ltd.
0.3506 %
7,311,528 0.3506 % 30 M ¥
GF Fund Management Co., Ltd.
0.3475 %
7,247,762 0.3475 % 30 M ¥
Yinhua Fund Management Co., Ltd.
0.2846 %
5,934,944 0.2846 % 24 M ¥
ICBC Credit Suisse Asset Management Co., Ltd.
0.2205 %
4,598,607 0.2205 % 19 M ¥
CCB Principal Asset Management Co., Ltd.
0.2170 %
4,525,785 0.2170 % 19 M ¥

Holdings

NameEquities%Valuation
CHINA JINMAO HOLDINGS GROUP LIMITED
9.14%
 1,234,475,138 9.14% 88,326,696 $
SHANGHAI PHARMACEUTICALS HOLDING CO., LTD
0.91%
 17,512,196 0.91% 41,021,619 $
NANCAL TECHNOLOGY CO.,LTD
1.58%
 2,631,480 1.58% 14,949,754 $
AGRICULTURAL BANK OF CHINA LIMITED
6.25%
 25,000,000 6.25% 14,631,750 $
ANHUI EXPRESSWAY COMPANY LIMITED
0.53%
 6,202,841 0.53% 11,895,126 $
XI'AN SHAANGU POWER CO., LTD.
0.28%
 4,737,000 0.28% 5,741,481 $
ARROW HOME GROUP CO., LTD.
0.59%
 904,682 0.59% 1,171,617 $

Company contact information

New China Life Insurance Co., Ltd.

Xinhua Insurance Building A 12, Jianguomen Outer Street

100022, Beijing

+86 10 8521 0000

http://www.newchinalife.com
address New China Life Insurance Company Ltd.(601336)

Group companies

NameCategory and Sector
New China Overseas Opportunity Fund SPC
Investment Trusts/Mutual Funds

Sector

Financials
Insurance
Insurance
Life & Health Insurance
Other Life & Health Insurance

Sales per Business

Ratings for New China Life Insurance Company Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
29.54 CNY
Average target price
30.67 CNY
Spread / Average Target
+3.84%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Life & Health Insurance

1st Jan change Capi.
NEW CHINA LIFE INSURANCE COMPANY LTD. Stock New China Life Insurance Company Ltd.
-5.11% 10.45B
AXA Stock AXA
+18.41% 80.39B
METLIFE, INC. Stock MetLife, Inc.
+9.21% 52.03B
AFLAC INCORPORATED Stock Aflac Incorporated
+1.52% 48.06B
MANULIFE FINANCIAL CORPORATION Stock Manulife Financial Corporation
+10.01% 42.17B
GENERALI Stock Generali
+20.86% 37.62B
SUN LIFE FINANCIAL INC. Stock Sun Life Financial Inc.
+3.07% 29.99B
GREAT-WEST LIFECO INC. Stock Great-West Lifeco Inc.
-8.19% 27.31B
PRUDENTIAL PLC Stock Prudential plc
-16.30% 24.85B
CATHAY FINANCIAL HOLDING CO., LTD. Stock Cathay Financial Holding Co., Ltd.
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Other Life & Health Insurance
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