China Life Insurance Co. Ltd. Class A · SSE:601628
China Life Insurance Co. Ltd. Class A — 1H 2004 Earnings Presentation
23 slides from China Life Insurance Co. Ltd. Class A's earnings presentation, Sep 1, 2004
Slide 1: China Life Insurance Company Limited 2004
C PEWS RR RIA PR China Life Insurance Company Limited 2004
Slide 2: Cautionary Statements
Cautionary Statements Unless otherwise stated, the financial information provided herein is unaudited pro forma consolidated financial information of China Life for the years ended June 30, 2003 and as of June 30, 2003. The information has been prepared in accordance with H.K. GAAP and gives effect
Slide 3: 2004 2004 2004 -2-
2004 2004 2004 -2-
Slide 4: 2004 -3-
2004 -3-
Slide 5: 6,000 % 80,000 .2% 65.2 = = 6,000 = 5,018 10.1 % 60,000 %
1 1 1 2 6,000 % 80,000 .2% 65.2 = 37 = 6,000 = 5,018 10.1 % 60,000 % 9.4 4,000 3,296 3,128 3,014 4,000 2,812 40,000 33,937 3,038 24,730 2,000 2,000 20,000 0 0 0 2003 1H 2004 1H 2003 1H 2004 1H 03 1H 04 1H 03 1H 04 1H 1 2003 2 33% -4-
Slide 6: Market share
30% 23.2% 20% 16.2% 17.0% 10% 0% 2002 2003 June 2004 30% 25.2% 22.4% 19.0% 20% 10% 0% 2002 2003 June 2004 2002 2003 2004 z 2002 2003 -5-
Slide 7: -6-
2 2 2 5 -6-
Slide 8: 2004 2004 2004 -7-
2004 2004 2004 -7-
Slide 9: n n CPI
% n =6.5 200,000 0.5 1-7 178,749 CPI 3.8% 167,776 150,000 n 2004 6 23 100,000 n 50,000 0 2003 1H 2004 1H -8-
Slide 10: 100,000 15,000 100% 4% % 12,565 86% =1 80,000 80% 65% 0,889 10,000 60,000
2 100,000 15,000 100% 4% % 07 12,565 86% =1 80,000 80% 65% 60,889 10,000 60,000 60% 58,417 40,000 6,066 40% 43% 5,000 20,000 31,390 20% 21,944 0 2003 1H 2004 1H 0 0% 2003 1H 2004 1H 2003 1H 2004 1H 1 2003 2 -9-
Slide 11: % = 2003 2003 - -
1 2 30 % = 92 20 19 10 10 0 2003 1H 2004 1H 1 2 2003 - 10 -
Slide 12: n n n n n n - -
n n n n n n - 11 -
Slide 13: =62% 6,000 5% 344.3 =6 5,018 4,000 212.5 3,038 200 2,000 100 0 0
400 =62% 6,000 5% 344.3 =6 5,018 300 1 2 4,000 212.5 3,038 1 200 2,000 100 0 0 2003 1H 2004 1H 2003 1H 2004 1H 1 2003 2 3.2 - 12 -
Slide 14: Investment portfolio
% 0.0% 0.1% 1.6% 100% 4.2% 3.8% 3.6% 1.7% 21.8% 80% 27.7% 1.5% 1.8% 21.2% 60% 4.3% 1.4% 40% 1.6% 64.8% 1.2% 52.8% 20% 1.5% 1.8% 0% 2003 1H 2004 1H 0% 1% 2% 3% 4% 5% 2003 1H 2004 1H 1 2 - 13 -
Slide 15: 2004 -3% -5% -7% -8% / - -
2004 -3% -5% -7% -8% / 1 1 - 14 -
Slide 16: 2004 2004 2004 - -
2004 2004 2004 - 15 -
Slide 17: Income statement
2003 2004 1-6 1 1-6 33,937 24,730 37% 5,018 3,038 65% -786 590 nm 776 964 -20% 38,945 29,322 33% -24,717 -16,643 49% -2,084 -1,277 63% -1,157 -862 34% -2,893 -2,648 9% -758 -266 185% -3,418 -2,830 21% -131 -237 -45% 3,787 4,559 -17% 2,812 3,128 -10% 0.11 0.16 -33% 1 2003 - 16 -
Slide 18: Balance sheet
2004 6 30 2003 12 31 344,293 279,248 52,262 49,472 396,555 328,720 102,161 82,718 206,776 154,731 5,374 5,382 494 814 6,802 6,891 3,607 3,686 340 320 63,356 62,436 396,555 328,720 - 17 -
Slide 19: 2% = 37. .8 % 40,000 40,000 =32 33,937 14.2% 30,000 30,000 % 24,730
2% = 37. .8 % 40,000 40,000 =32 33,937 14.2% 30,000 30,000 1% 24,730 16.5% 20,000 1.1% 20,000 38,945 84.8% 29,322 10,000 82.4% 10,000 0 0 2003 1H 2004 1H 2003 1H 2004 1H 2003 - 18 -
Slide 20: ( ) ( ) ( ) 25% 12,000 100% 84% 84% 80% 19.6% 20%
( ) ( ) ( ) 25% 12,000 100% 84% 84% 80% 19.6% 20% 9,000 18.2% 60% 7,069 40% 5,744 15% 6,000 20% 3,000 10% 0% 2003 1H 2004 1H 2003 1H 2004 1H 2003 - 19 -
Slide 21: 12% 10.0 10% 9.7% 9.0 8% 6% 5.0% 4.5% 4% 2% 0% 2003 2004
12% 1 10.0 10% 9.7% 9.0 8% 6% 5.0% 4.5% 4% 2% 0% 2003 2004 1H 2004 1H 2 1 2 33% - 20 -
Slide 22: 2004 - -
2004 1 2 3 - 21 -
Slide 23: - -
- 22 -
China Life Insurance Company — 1H 2004 Earnings Presentation on 6ix