China Life Insurance Company Limited provides earnings guidance for the nine months 1 January 2025 to 30 September 2025. For the period, based on the Company's preliminary estimates, it is expected that the net profit attributable to equity holders of the parent company for the first three quarters of 2025 under China Accounting Standards for Business Enterprises ("ASBE") will be in a range of approximately RMB156,785 million to RMB177,689 million. Compared with the same period in 2024, this represents an increase of approximately RMB52,262 million to RMB73,166 million, or a year-on-year increase of approximately 50% to 70%.
It is expected that the net profit attributable to equity holders of the parent company after deducting non-recurring items for the first three quarters of 2025 under ASBE will be in a range of approximately RMB157,011 million to RMB177,946 million. Compared with the same period in 2024, this represents an increase of approximately RMB52,337 million to RMB73,272 million, or a year-on-year increase of approximately 50% to 70%. The Company actively played the role of a "shock absorber" for economic operation and a "stabiliser" for social development, and effectively implemented the "Five Priorities".
By focusing on value creation and profitability improvement, continuously deepening asset-liability interaction, and advancing product and business diversification, the Company further enhanced its sustainable development capability. Adhering to the principle of serving the real economy and practicing the philosophy of long-term investment, value investment and prudent investment, the Company steadily conducted cross-cycle investment deployment and continuously enhanced investment expertise, thus consistently improving the stability of portfolio returns and enhancing long-term return potential. Since the beginning of this year, the stock market's recovery and positive momentum have been steadily consolidated.
The Company actively advanced the entry of medium- and long-term funds into the market. It seized market opportunities to increase its equity investment, proactively engaged in investment deployment in areas linked to new quality productive forces, and continuously optimised its asset allocation structure, achieving a significant year- on-year increase in its investment returns.
