New China Life Insurance Company Ltd.’s Net Profit Dropped 78.7% in First Quarter of 2022

New China Life Insurance Company Ltd. (新华人寿保险股份有限公司) (601336.SH) reported a net profit of 1.3 billion yuan in the first quarter of 2022, down 78.7% year-on-year.

Meanwhile, the company posted 75 billion yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 1.1 trillion yuan in total assets and 1 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.1%.