Movement Alert|CHINA LIFE Rises 3.2% in Regular Trading, H1 Net Profit Surges 228.6% with Interim Dividend Up 50.4%

Market Focus
10 hours ago

On August 31, CHINA LIFE rose 3.2% in regular trading, trading at HKD 30.34/share, with turnover of HKD 1.184 billion. The rally was driven by the company's stellar first-half earnings report and a significant increase in its interim dividend.

According to the recently disclosed interim report, CHINA LIFE posted attributable net profit of RMB 134.489 billion for H1, soaring 228.6% year-over-year and ranking first among China's five major listed insurers — over RMB 40 billion ahead of the second-place peer. Revenue reached RMB 434.307 billion, up 81.5% YoY. On the investment side, buoyed by a sustained bond bull market and A-share recovery, total investment income hit RMB 314.504 billion with a total investment return of 5.58%, up 229 basis points YoY. The company also proposed an interim dividend of RMB 0.358 per share, totaling approximately RMB 10.119 billion, a 50.4% increase. New business value grew 33.7% to RMB 38.167 billion, while embedded value reached RMB 1.61 trillion, both industry-leading. Total assets surpassed RMB 8 trillion for the first time. Sixteen brokerages have issued ratings in the past 90 days, with 14 recommending buy.

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