New China Life Insurance Co Ltd
New China Life Insurance Co Ltd provides life and health insurance products and services in China.
Business. New China Life Insurance Co Ltd (1336.HK) is a life and health insurance company headquartered in China. The firm operates within the Financials sector, specifically focusing on the Life & Health Insurance industry. It is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not provided.
Analyst recommendations
15 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
New China Life Insurance Co Ltd (1336.HK) is a life and health insurance company headquartered in China. The firm operates within the Financials sector, specifically focusing on the Life & Health Insurance industry. It is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not provided.
New China Life Insurance Co Ltd has a total equity of 90.03 billion CNY and a debt-to-equity ratio of 0.34, indicating a relatively conservative capital structure. The company's liquidity is assessed as medium, with a negative net cash position after subtracting total debt. Operating cash flow stands at 61.11 billion CNY, which supports its operational liquidity.
The company's profitability is reflected in a return on equity (ROE) of 6.82% and a return on assets (ROA) of 0.41%. These figures are below the typical benchmarks for the insurance industry, suggesting that the company may not be generating returns as efficiently as its peers. The net income of 6.14 billion CNY and operating income of 6.8 billion CNY indicate a stable but modest profit margin.
New China Life Insurance Co Ltd operates primarily in the Chinese market, with a significant portion of its revenue derived from domestic operations. The company's geographic exposure is concentrated, which may increase its vulnerability to local economic and regulatory changes. There is no detailed breakdown of revenue by business segment in the provided data.
The company's growth trajectory is expected to remain stable, with no significant changes in revenue or profit margins anticipated in the near term. Capital expenditures are minimal, with a negative value of -732 million CNY, indicating that the company is not investing heavily in new assets. This suggests a focus on maintaining existing operations rather than expanding.
The risk assessment for New China Life Insurance Co Ltd indicates a low potential for dilution, with no immediate pressure for share issuance. However, the company's liquidity risk is moderate, primarily due to its negative net cash position after accounting for total debt. Credit risk is not explicitly detailed in the provided data.
Recent events and filings do not show any significant changes in the company's operations or financial strategy. Analysts have provided a range of price targets, with a mean of 47.68 CNY and a median of 48.50 CNY, indicating a generally positive outlook. The mean recommendation of 2.93 suggests a slight bias towards a hold or buy rating.
- New China Life Insurance Co Ltd has a conservative capital structure with a debt-to-equity ratio of 0.34.
- The company's return on equity is 6.82%, which is below typical industry benchmarks.
- The company's liquidity is assessed as medium, with a negative net cash position after subtracting total debt.
- Analysts have provided a range of price targets, with a mean of 47.68 CNY and a median of 48.50 CNY.
- The company's growth trajectory is expected to remain stable, with no significant changes in revenue or profit margins anticipated in the near term.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Operating income +31,8% YoY; Net income +38,3% YoY.
- ▍Operating income +31,8% YoY
- ▍Net income +38,3% YoY
- ▍Free cash flow +10,6% YoY
Operating income +409,0% YoY; Net income +201,1% YoY.
- ▍Operating income +409,0% YoY
- ▍Net income +201,1% YoY
- ▍Free cash flow +403,2% YoY
Operating income −74,9% YoY; Net income −59,5% YoY.
- ▍Operating income −74,9% YoY
- ▍Net income −59,5% YoY
- ▍Free cash flow −73,4% YoY
Operating income +41,3% YoY; Net income +43,8% YoY.
- ▍Operating income +41,3% YoY
- ▍Net income +43,8% YoY
- ▍Free cash flow +95,0% YoY
Operating income ¥15.63B.
- ▍Operating income ¥15.63B
Valuation FY
Revenue by segment
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Peer comparison
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 8,46 |
| Revenue | —no estimate | —no estimate | 50,8B CNY |
| Operating income | —no estimate | —no estimate | 31,9B CNY |
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- New China Life Insurance Co Ltd Market data — financials · 2026-05-26
- New China Life Insurance Co Ltd Market data — analyst estimates · 2026-05-26