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New China Life Insurance Company Ltd. logo

New China Life Insurance Company Ltd.

1336.HK

HKSEFinancial ServicesInsurance - Life

Open in GoAI

Latest quote

HK$48.34

+HK$0.48 · +1.00%

Aug 24, 11:00 AM HKT

1336.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Headquartered in Beijing, China, New China Life Insurance Company Ltd. was established in 1996 to offer life insurance products and services to individuals and institutions throughout the People's Republic of China. Its operations are structured across three main segments: Individual Insurance Business, Group Insurance Business, and Other Business. The company further diversifies its portfolio by providing asset management, training, e-commerce, and medical services, in addition to engaging in the investment, development, leasing, and management of real estate properties.

Industry
Insurance - Life
Sector
Financial Services
Headquarters
CN
CEO
Yucheng Yang
Listed since
Dec 15, 2011
Employees
27,726

Market position

Volume
2.53M
0.28× average
Average volume
8.99M
Average daily volume
Market cap
193.82B HKD
Beta
0.82
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
5.05×
P/B (TTM)
1.51×
P/S (TTM)
1.29×
Dividend yield
4.58%

Profitability & efficiency

Gross margin
100.00%
Operating margin
28.58%
Net margin
25.55%

Financial health

Debt / equity
1.03×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%72%35%-3%Gross margin, FY2021: 93.43%Gross margin, FY2022: 90.49%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 100.00%Operating margin, FY2021: 7.06%Operating margin, FY2022: 20.66%Operating margin, FY2023: 7.87%Operating margin, FY2024: 21.84%Operating margin, FY2025: 30.18%Net margin, FY2021: 6.73%Net margin, FY2022: 20.11%Net margin, FY2023: 12.43%Net margin, FY2024: 20.35%Net margin, FY2025: 27.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 93.43%. Gross margin FY2022 90.49%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 100.00%. Operating margin FY2021 7.06%. Operating margin FY2022 20.66%. Operating margin FY2023 7.87%. Operating margin FY2024 21.84%. Operating margin FY2025 30.18%. Net margin FY2021 6.73%. Net margin FY2022 20.11%. Net margin FY2023 12.43%. Net margin FY2024 20.35%. Net margin FY2025 27.02%.

Income trends

Revenue

130.8B HKD+1.50%

Operating income

39.48B HKD+40.28%

Net income

35.34B HKD+34.76%
Income trends across reported periods243.65B HKD157.06B HKD70.46B HKD−16.13B HKDRevenue, FY2021: 222B HKDRevenue, FY2022: 106.89B HKDRevenue, FY2023: 70.1B HKDRevenue, FY2024: 128.86B HKDRevenue, FY2025: 130.8B HKDOperating income, FY2021: 15.67B HKDOperating income, FY2022: 22.08B HKDOperating income, FY2023: 5.52B HKDOperating income, FY2024: 28.14B HKDOperating income, FY2025: 39.48B HKDNet income, FY2021: 14.95B HKDNet income, FY2022: 21.5B HKDNet income, FY2023: 8.71B HKDNet income, FY2024: 26.23B HKDNet income, FY2025: 35.34B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 222B HKD. Revenue FY2022 106.89B HKD. Revenue FY2023 70.1B HKD. Revenue FY2024 128.86B HKD. Revenue FY2025 130.8B HKD. Operating income FY2021 15.67B HKD. Operating income FY2022 22.08B HKD. Operating income FY2023 5.52B HKD. Operating income FY2024 28.14B HKD. Operating income FY2025 39.48B HKD. Net income FY2021 14.95B HKD. Net income FY2022 21.5B HKD. Net income FY2023 8.71B HKD. Net income FY2024 26.23B HKD. Net income FY2025 35.34B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue130.8B HKD128.86B HKD70.1B HKD106.89B HKD222B HKD
Cost of goods sold———10.17B HKD14.59B HKD
Gross profit130.8B HKD128.86B HKD70.1B HKD96.73B HKD207.41B HKD
Selling, general, and administrative—3.06B HKD2.37B HKD1.74B HKD2.14B HKD
Operating expenses91.32B HKD100.72B HKD64.59B HKD74.65B HKD191.74B HKD
Interest income—28.75B HKD30.18B HKD30.83B HKD—
Interest expense3.42B HKD—60.56B HKD75.99B HKD—
Depreciation and amortization1.76B HKD1.74B HKD1.77B HKD1.78B HKD1.62B HKD
Operating income39.48B HKD28.14B HKD5.52B HKD22.08B HKD15.67B HKD
Net income35.34B HKD26.23B HKD8.71B HKD21.5B HKD14.95B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
11.33
FY2025 · +34.72% year over year
Latest fiscal-year revenue
130.8B HKD
FY2025 · +1.50% year over year
Next fiscal-year EPS consensus
12.84
FY2026 · 11 analysts
Next fiscal-year revenue consensus
182.06B HKD
FY2026 · 3 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend17.8912.46.911.42FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend271.16B198.05B124.94B51.82BFY21FY22FY23FY24FY25FY26FY27

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$2.914

2025 complete year+74.6% since 2021

2026 partial: HK$2.3687

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 10, 2026

HK$2.3687

Semi-Annual

Record Jul 13, 2026 · Payment Aug 7, 2026

Dividend

Ex-dividend Nov 13, 2025

HK$0.7344

Semi-Annual

Record Nov 14, 2025 · Payment Dec 12, 2025

Dividend

Ex-dividend Jul 10, 2025

HK$2.1795

Semi-Annual

Record Jul 11, 2025 · Payment Aug 8, 2025

Dividend

Ex-dividend Nov 14, 2024

HK$0.5895

Semi-Annual

Record Nov 15, 2024 · Payment Nov 29, 2024

Dividend

Ex-dividend Jul 11, 2024

HK$0.9316

Semi-Annual

Record Jul 12, 2024 · Payment Aug 9, 2024

Dividend

Ex-dividend Jul 6, 2023

HK$1.1779

Annual

Record Jul 7, 2023 · Payment Aug 10, 2023

1336.HK peers

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HK$28.54

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ETFs holding 1336.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
87.9M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
84.39M
Weight
0.05%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
63.49M
Weight
0.04%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
35.16M
Weight
0.13%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
iShares China Large-Cap ETF logoiShares China Large-Cap ETFFXI
Market value
19.91M
Weight
0.47%
AUM
4.27B USD
Expense ratio
0.73%
Price / 1D
$35.86+0.53%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
14.6M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
13.67M
Weight
0.04%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$67.12+0.75%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
13.46M
Weight
0.21%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$55.66+0.27%

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