China Life Insurance (601628.SS) Financial Statements

Price: $37.54
Market Cap: $891.90B
Avg Volume: 13.47M
Country: CN
Industry: Insurance - Life
Sector: Financial Services
Beta: 0.664
52W Range: $26.5-50.88
Website: China Life Insurance

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of China Life Insurance.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$1.00T$1.00T$800.00B$800.00B$600.00B$600.00B$400.00B$400.00B$200.00B$200.00B$0.00$0.00-$200.00B-$200.00B20152015201620162017201720182018201920192020202020212021202220222023202320242024
Operating Expenses
Operating Income
Operating Expenses & Income$800.00B$800.00B$400.00B$400.00B$0.00$0.00-$400.00B-$400.00B-$800.00B-$800.00B20152015201620162017201720182018201920192020202020212021202220222023202320242024
Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Revenue $734.85B $803.98B $824.53B $804.96B $729.47B $627.42B $643.36B $540.78B $507.45B $440.77B
Cost of Revenue $-94.41B $- $- $- $- $- $- $- $- $-
Gross Profit $829.26B $803.98B $824.53B $804.96B $729.47B $627.42B $643.36B $540.78B $507.45B $440.77B
Gross Profit Ratio 112.85% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $41.08B $39.87B $40.81B $37.69B $40.27B $37.49B $35.95B $31.85B $27.46B $25.43B
Selling and Marketing Expenses $- $2.89B $2.92B $2.67B $3.23B $3.08B $3.23B $2.83B $2.51B $2.47B
Selling General and Administrative Expenses $41.08B $39.87B $40.81B $37.69B $40.27B $37.49B $35.95B $31.85B $27.46B $25.43B
Other Expenses $788.18B $-816.37B $-826.34B $-798.59B $-718.88B $-647.41B $-637.64B $-548.79B $-488.98B $-425.80B
Operating Expenses $722.61B $-776.50B $-785.53B $-760.90B $-678.60B $-609.92B $-601.68B $-516.94B $-461.52B $-400.36B
Cost and Expenses $722.61B $779.93B $774.03B $750.47B $669.68B $613.50B $601.68B $516.94B $461.52B $400.36B
Interest Income $- $- $- $- $- $- $- $- $- $-
Interest Expense $- $4.86B $5.60B $3.75B $4.25B $4.12B $4.60B $4.77B $4.32B $4.73B
Depreciation and Amortization $4.76B $5.29B $4.88B $4.75B $4.38B $2.45B $2.18B $2.04B $2.04B $2.12B
EBITDA $- $55.66B $75.26B $50.89B $55.25B $24.19B $48.96B $29.93B $51.41B $46.63B
EBITDA Ratio 0.00% 4.08% 5.37% 6.11% 7.57% 3.21% 7.46% 5.59% 10.21% 10.65%
Operating Income $12.24B $27.48B $39.00B $44.06B $50.87B $17.50B $41.67B $23.84B $45.93B $40.40B
Operating Income Ratio 1.67% 3.42% 4.73% 5.47% 6.97% 2.79% 6.48% 4.41% 9.05% 9.17%
Total Other Income Expenses Net $-363.00M $-336.00M $-41.24B $-8.76B $-195.00M $-16.49B $-211.00M $-245.00M $-82.00M $149.00M
Income Before Tax $11.88B $24.05B $50.49B $54.49B $59.80B $13.92B $41.67B $23.84B $45.93B $40.40B
Income Before Tax Ratio 1.62% 2.99% 6.12% 6.77% 8.20% 2.22% 6.48% 4.41% 9.05% 9.17%
Income Tax Expense $-10.76B $-9.47B $-1.92B $3.10B $781.00M $1.99B $8.92B $4.26B $10.74B $7.89B
Net Income $21.11B $32.08B $50.77B $50.26B $58.29B $11.39B $32.25B $19.13B $34.70B $32.21B
Net Income Ratio 2.87% 3.99% 6.16% 6.24% 7.99% 1.82% 5.01% 3.54% 6.84% 7.31%
EPS $0.75 $1.14 $1.80 $1.78 $2.05 $0.40 $1.13 $0.66 $1.22 $1.14
EPS Diluted $0.75 $1.14 $1.80 $1.78 $2.05 $0.40 $1.13 $0.66 $1.22 $1.14
Weighted Average Shares Outstanding 28.15B 28.27B 28.27B 28.27B 28.26B 28.26B 28.26B 28.26B 28.26B 28.26B
Weighted Average Shares Outstanding Diluted 28.27B 28.27B 28.27B 28.27B 28.26B 28.26B 28.26B 28.26B 28.26B 28.26B
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$6.00T$6.00T$5.00T$5.00T$4.00T$4.00T$3.00T$3.00T$2.00T$2.00T$1.00T$1.00T$0.00$0.0020152015201620162017201720182018201920192020202020212021202220222023202320242024
Equity$500.00B$500.00B$400.00B$400.00B$300.00B$300.00B$200.00B$200.00B$100.00B$100.00B$0.00$0.0020152015201620162017201720182018201920192020202020212021202220222023202320242024
Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Cash and Cash Equivalents $149.57B $127.59B $60.44B $56.63B $53.31B $50.81B $48.59B $67.05B $76.10B $47.03B
Short Term Investments $2.26T $1.74T $1.43T $1.22T $1.06T $870.53B $810.73B $766.42B $770.52B $607.53B
Cash and Short Term Investments $2.41T $1.87T $1.49T $1.27T $1.11T $921.34B $859.32B $833.47B $846.61B $654.57B
Net Receivables $- $19.70B $20.36B $24.36B $21.66B $26.13B $30.74B $15.55B $24.29B $-
Inventory $- $-661.95B $-513.19B $-210.68B $-55.08B $-299.82B $-146.23B $-201.60B $-182.32B $-
Other Current Assets $- $- $- $- $- $- $- $- $- $322.89B
Total Current Assets $2.41T $1.89T $1.51T $1.30T $1.13T $947.47B $890.06B $849.02B $870.90B $665.73B
Property Plant Equipment Net $54.77B $56.37B $56.92B $55.82B $55.28B $47.28B $42.71B $30.39B $26.97B $25.35B
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $8.37B $8.09B $8.01B $8.06B $7.83B $7.91B $6.20B $5.86B $6.00B $6.14B
Goodwill and Intangible Assets $8.37B $8.09B $8.01B $8.06B $7.83B $7.91B $6.20B $5.86B $6.00B $6.14B
Long Term Investments $4.48T $3.80T $3.43T $2.81T $2.35T $2.02T $1.83T $1.69T $1.46T $1.22T
Tax Assets $35.06B $22.31B $121.00M $87.00M $128.00M $10.16B $6.47B $6.65B $12.17B $-
Other Non-Current Assets $4.41T $-30.40B $-121.00M $-87.00M $-128.00M $-10.16B $-6.47B $-6.65B $-12.17B $-1.25T
Total Non-Current Assets $8.99T $3.85T $3.49T $2.87T $2.42T $2.07T $1.87T $1.73T $1.49T $1.25T
Other Assets $-5.51T $-487.06B $-111.69B $85.82B $177.41B $234.12B $132.57B $121.64B $84.68B $327.10B
Total Assets $5.89T $5.25T $4.89T $4.25T $3.73T $3.25T $2.90T $2.70T $2.45T $2.25T
Account Payables $67.34B $61.82B $57.63B $56.07B $51.84B $50.68B $45.61B $39.47B $30.29B $25.68B
Short Term Debt $- $- $1.48B $1.64B $1.11B $993.00M $780.00M $731.00M $- $-
Tax Payables $1.11B $238.00M $248.00M $1.08B $897.00M $3.30B $6.89B $1.87B $5.86B $52.00M
Deferred Revenue $- $50.83B $55.34B $60.44B $57.32B $50.80B $18.50B $35.25B $32.38B $-
Other Current Liabilities $-68.45B $-62.05B $-59.35B $-58.79B $-52.73B $-54.97B $-53.28B $-42.08B $-36.15B $-25.73B
Total Current Liabilities $260.93B $60.82B $56.82B $62.08B $58.44B $54.73B $50.48B $42.75B $32.69B $25.62B
Long Term Debt $48.97B $49.34B $54.92B $55.57B $57.01B $19.16B $18.01B $53.44B $70.64B $70.61B
Deferred Revenue Non-Current $- $50.83B $48.70B $53.02B $60.90B $50.80B $18.50B $35.25B $32.38B $-
Deferred Tax Liabilities Non-Current $- $272.00M $7.48B $15.29B $10.33B $8.90B $4.87B $7.77B $16.95B $19.38B
Other Non-Current Liabilities $4.86T $-100.17B $-103.62B $-55.57B $-67.34B $-19.16B $-36.52B $-88.69B $-70.64B $-70.61B
Total Non-Current Liabilities $4.91T $60.82B $63.34B $72.50B $68.46B $20.15B $23.66B $61.94B $87.59B $89.99B
Other Liabilities $250.48B $4.69T $4.28T $3.66T $3.19T $2.86T $2.50T $2.28T $2.00T $1.84T
Total Liabilities $5.42T $4.81T $4.40T $3.80T $3.32T $2.93T $2.57T $2.39T $2.12T $1.96T
Preferred Stock $- $- $- $- $- $- $- $- $- $-
Common Stock $28.27B $28.27B $28.27B $28.27B $28.27B $28.27B $28.27B $28.27B $28.27B $28.27B
Retained Earnings $201.33B $201.69B $201.26B $183.90B $170.49B $133.02B $139.20B $122.56B $123.06B $109.94B
Accumulated Other Comprehensive Income Loss $176.65B $206.22B $249.06B $237.89B $197.22B $149.29B $145.68B $145.01B $163.38B $145.92B
Other Total Stockholders Equity $53.86B $53.86B $-90.59B $-75.21B $7.79B $53.86B $53.86B $53.86B $53.86B $53.86B
Total Stockholders Equity $460.11B $436.17B $478.58B $450.05B $403.76B $318.37B $320.93B $303.62B $322.49B $284.12B
Total Equity $470.04B $445.12B $486.66B $456.93B $409.34B $323.29B $325.31B $307.65B $326.21B $287.33B
Total Liabilities and Stockholders Equity $5.89T $5.25T $4.89T $4.25T $3.73T $3.25T $2.90T $2.70T $2.45T $2.25T
Minority Interest $9.93B $8.95B $8.07B $6.88B $5.58B $4.92B $4.38B $4.03B $3.72B $3.21B
Total Liabilities and Total Equity $5.89T $5.25T $4.89T $4.25T $3.73T $3.25T $2.90T $2.70T $2.45T $2.25T
Total Investments $6.74T $4.45T $4.12T $3.49T $2.98T $2.49T $2.25T $1.96T $1.69T $1.40T
Total Debt $48.97B $49.34B $55.86B $57.21B $58.13B $20.15B $18.79B $54.17B $70.64B $70.61B
Net Debt $-100.59B $-78.25B $-4.58B $583.00M $4.82B $-30.66B $-29.79B $-12.88B $-5.46B $23.58B

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$400.00B$400.00B$200.00B$200.00B$0.00$0.00-$200.00B-$200.00B-$400.00B-$400.00B-$600.00B-$600.00B20152015201620162017201720182018201920192020202020212021202220222023202320242024
Financing Cash Flow$120.00B$120.00B$60.00B$60.00B$0.00$0.00-$60.00B-$60.00B-$120.00B-$120.00B-$180.00B-$180.00B20152015201620162017201720182018201920192020202020212021202220222023202320242024
Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Net Income $22.63B $24.05B $50.49B $54.49B $59.80B $13.92B $41.67B $23.84B $45.93B $40.40B
Depreciation and Amortization $4.58B $5.29B $5.29B $5.16B $4.38B $2.64B $2.24B $2.08B $2.04B $2.12B
Deferred Income Tax $- $- $- $- $- $- $- $- $- $-
Stock Based Compensation $- $- $- $- $- $- $- $- $- $-
Change in Working Capital $94.13B $43.16B $1.12B $21.64B $58.69B $40.93B $116.28B $49.69B $-29.20B $37.34B
Accounts Receivables $3.54B $10.47B $3.63B $-1.55B $-8.62B $-8.07B $-1.67B $-4.09B $-1.95B $3.67B
Inventory $- $- $- $- $- $- $- $- $- $-
Accounts Payables $- $- $- $- $- $- $- $- $- $-
Other Working Capital $90.59B $32.69B $-2.50B $23.19B $67.31B $40.93B $116.28B $49.69B $-29.20B $37.34B
Other Non Cash Items $266.89B $279.48B $229.54B $222.73B $163.16B $90.06B $40.80B $13.49B $-37.57B $-1.61B
Net Cash Provided by Operating Activities $388.23B $351.97B $286.45B $304.02B $286.03B $147.55B $200.99B $89.10B $-18.81B $78.25B
Investments in Property Plant and Equipment $-4.17B $-3.08B $-5.47B $-7.47B $-11.41B $-19.55B $-9.62B $-5.31B $-8.38B $-5.05B
Acquisitions Net $-34.04B $-1.04B $-6.51B $-12.77B $-21.96B $-34.93B $-37.30B $-65.17B $3.11B $-5.67B
Purchases of Investments $-1.79T $-1.34T $-1.16T $-932.22B $-1.05T $-629.54B $-1.02T $-710.64B $-576.13B $-428.35B
Sales Maturities of Investments $1.40T $991.81B $619.61B $543.82B $695.72B $437.37B $679.69B $569.02B $453.80B $329.30B
Other Investing Activities $6.61B $186.63B $154.29B $115.84B $140.09B $8.27B $210.34B $107.39B $194.65B $40.52B
Net Cash Used for Investing Activities $-428.10B $-164.96B $-393.73B $-292.80B $-247.51B $-238.37B $-173.68B $-104.70B $67.05B $-69.26B
Debt Repayment $-1.68B $-8.89B $105.00M $5.23B $33.52B $727.00M $-34.88B $-16.17B $- $2.87B
Common Stock Issued $- $- $- $- $- $- $- $- $- $-
Common Stock Repurchased $- $- $- $-9.06B $- $- $- $- $- $-
Dividends Paid $-22.19B $-18.37B $-26.68B $-20.63B $-4.92B $-11.69B $-7.16B $-12.26B $-11.49B $-8.48B
Other Financing Activities $84.14B $-92.83B $114.94B $16.70B $-61.35B $108.06B $2.25B $39.74B $-3.34B $27.02B
Net Cash Used Provided by Financing Activities $60.27B $-120.09B $111.14B $-7.76B $-36.08B $92.96B $-45.59B $6.27B $-19.41B $16.70B
Effect of Forex Changes on Cash $64.00M $217.00M $-71.00M $-144.00M $55.00M $81.00M $-179.00M $285.00M $241.00M $10.00M
Net Change in Cash $20.47B $67.14B $3.79B $3.32B $2.50B $2.22B $-18.46B $-9.05B $29.06B $25.70B
Cash at End of Period $148.06B $127.59B $60.44B $56.63B $53.31B $50.81B $48.59B $67.05B $76.10B $47.03B
Cash at Beginning of Period $127.59B $60.46B $56.66B $53.31B $50.81B $48.59B $67.05B $76.10B $47.03B $21.33B
Operating Cash Flow $388.23B $351.97B $286.45B $304.02B $286.03B $147.55B $200.99B $89.10B $-18.81B $78.25B
Capital Expenditure $-4.17B $-3.08B $-5.47B $-7.47B $-11.41B $-19.55B $-9.62B $-5.31B $-8.38B $-5.05B
Free Cash Flow $384.06B $348.89B $280.97B $296.56B $274.62B $128.01B $191.37B $83.79B $-27.20B $73.20B