New China Life Insurance Co Ltd (601336) - Net Assets

Latest as of September 2025: CN¥100.54 Billion CNY

Based on the latest financial reports, New China Life Insurance Co Ltd (601336) has net assets worth CN¥100.54 Billion CNY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.83 Trillion) and total liabilities (CN¥1.73 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥100.54 Billion
% of Total Assets	5.48%
Annual Growth Rate	30.34%
5-Year Change	-5.32%
10-Year Change	66.44%
Growth Volatility	97.94

New China Life Insurance Co Ltd - Net Assets Trend (2008–2024)

This chart illustrates how New China Life Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for New China Life Insurance Co Ltd (2008–2024)

The table below shows the annual net assets of New China Life Insurance Co Ltd from 2008 to 2024.

Year	Net Assets	Change
2024-12-31	CN¥96.27 Billion	-8.40%
2023-12-31	CN¥105.09 Billion	+2.13%
2022-12-31	CN¥102.91 Billion	-5.17%
2021-12-31	CN¥108.51 Billion	+6.72%
2020-12-31	CN¥101.68 Billion	+20.39%
2019-12-31	CN¥84.46 Billion	+28.76%
2018-12-31	CN¥65.60 Billion	+2.94%
2017-12-31	CN¥63.72 Billion	+7.78%
2016-12-31	CN¥59.12 Billion	+2.22%
2015-12-31	CN¥57.84 Billion	+19.60%
2014-12-31	CN¥48.36 Billion	+23.01%
2013-12-31	CN¥39.32 Billion	+9.59%
2012-12-31	CN¥35.88 Billion	+14.58%
2011-12-31	CN¥31.31 Billion	+376.39%
2010-12-31	CN¥6.57 Billion	+54.91%
2009-12-31	CN¥4.24 Billion	+205.69%
2008-12-31	CN¥1.39 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to New China Life Insurance Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 10875300000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥108.18 Billion	112.40%
Common Stock	CN¥3.12 Billion	3.24%
Other Comprehensive Income	CN¥-39.02 Billion	-40.54%
Other Components	CN¥23.96 Billion	24.90%
Total Equity	CN¥96.24 Billion	100.00%

New China Life Insurance Co Ltd Competitors by Market Cap

The table below lists competitors of New China Life Insurance Co Ltd ranked by their market capitalization.

Company	Market Cap
China Jushi Co Ltd SHG:600176	$19.62 Billion
HUATEI SECS.CO GDR S/10 F:206G	$19.65 Billion
Bouygues SA PA:EN	$19.69 Billion
Jardine Matheson Holdings Limited F:H4W	$19.71 Billion
International Paper NYSE:IP	$19.61 Billion
Telia Company AB ST:TELIA	$19.58 Billion
Leidos Holdings Inc NYSE:LDOS	$19.54 Billion
Evolution Mining Ltd AU:EVN	$19.51 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in New China Life Insurance Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 105,067,000,000 to 96,240,000,000, a change of -8,827,000,000 (-8.4%).
Net income of 26,229,000,000 contributed positively to equity growth.
Dividend payments of 4,699,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 24,879,000,000.
Other factors decreased equity by 5,478,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥26.23 Billion	+27.25%
Dividends Paid	CN¥4.70 Billion	-4.88%
Other Comprehensive Income	CN¥-24.88 Billion	-25.85%
Other Changes	CN¥-5.48 Billion	-5.69%
Total Change	CN¥-	-8.40%

Book Value vs Market Value Analysis

This analysis compares New China Life Insurance Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.08x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 55.97x to 2.08x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	CN¥1.15	CN¥64.27	x
2009-12-31	CN¥3.54	CN¥64.27	x
2010-12-31	CN¥5.46	CN¥64.27	x
2011-12-31	CN¥13.87	CN¥64.27	x
2012-12-31	CN¥11.50	CN¥64.27	x
2013-12-31	CN¥12.62	CN¥64.27	x
2014-12-31	CN¥15.48	CN¥64.27	x
2015-12-31	CN¥18.56	CN¥64.27	x
2016-12-31	CN¥18.90	CN¥64.27	x
2017-12-31	CN¥20.48	CN¥64.27	x
2018-12-31	CN¥21.03	CN¥64.27	x
2019-12-31	CN¥27.07	CN¥64.27	x
2020-12-31	CN¥32.59	CN¥64.27	x
2021-12-31	CN¥34.78	CN¥64.27	x
2022-12-31	CN¥31.41	CN¥64.27	x
2023-12-31	CN¥33.65	CN¥64.27	x
2024-12-31	CN¥30.85	CN¥64.27	x

Capital Efficiency Dashboard

This dashboard shows how efficiently New China Life Insurance Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 27.25%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 20.35%
• Asset Turnover: 0.08x
• Equity Multiplier: 17.58x
Recent ROE (27.25%) is above the historical average (19.53%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	47.03%	1.31%	0.30x	119.54x	CN¥511.00 Million
2009	62.77%	3.61%	0.36x	48.75x	CN¥2.24 Billion
2010	34.25%	2.19%	0.34x	46.38x	CN¥1.59 Billion
2011	8.94%	2.56%	0.28x	12.35x	CN¥-331.60 Million
2012	8.18%	2.51%	0.24x	13.76x	CN¥-654.00 Million
2013	11.25%	3.42%	0.23x	14.39x	CN¥490.80 Million
2014	13.25%	4.49%	0.22x	13.31x	CN¥1.57 Billion
2015	14.87%	5.45%	0.24x	11.42x	CN¥2.82 Billion
2016	8.36%	3.38%	0.21x	11.83x	CN¥-969.80 Million
2017	8.45%	3.74%	0.20x	11.15x	CN¥-988.50 Million
2018	12.08%	5.15%	0.21x	11.19x	CN¥1.36 Billion
2019	17.24%	8.36%	0.20x	10.41x	CN¥6.11 Billion
2020	14.06%	6.93%	0.21x	9.88x	CN¥4.13 Billion
2021	13.78%	6.73%	0.20x	10.39x	CN¥4.10 Billion
2022	21.94%	20.11%	0.09x	12.81x	CN¥11.70 Billion
2023	8.29%	12.43%	0.05x	13.36x	CN¥-1.79 Billion
2024	27.25%	20.35%	0.08x	17.58x	CN¥16.61 Billion

Industry Comparison

This section compares New China Life Insurance Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

Industry: Insurance - Life
Average net assets among peers: $193,554,532,053
Average return on equity (ROE) among peers: 8.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
New China Life Insurance Co Ltd (601336)	CN¥100.54 Billion	47.03%	17.24x	$19.61 Billion
Hubei Biocause Pharmaceutical (000627)	$34.60 Billion	0.79%	7.34x	$1.13 Billion
COFCO Capital Holdings Co Ltd (002423)	$24.81 Billion	5.53%	3.13x	$3.46 Billion
China Life Insurance Co Ltd A (601628)	$521.25 Billion	20.52%	11.99x	$114.33 Billion

About New China Life Insurance Co Ltd

SHG:601336 China Insurance - Life

Market Cap

$19.61 Billion

CN¥134.03 Billion CNY

Market Cap Rank

#1156 Global

#93 in China

Share Price

CN¥64.27

Change (1 day)

+0.59%

52-Week Range

CN¥47.56 - CN¥85.01

All Time High

CN¥85.01