New China Life Insurance Co Ltd (601336) - Net Assets
Based on the latest financial reports, New China Life Insurance Co Ltd (601336) has net assets worth CN¥123.59 Billion CNY (≈ $18.09 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.85 Trillion ≈ $271.25 Billion USD) and total liabilities (CN¥1.73 Trillion ≈ $253.16 Billion USD). 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. Check 601336 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥123.59 Billion |
| % of Total Assets | 6.67% |
| Annual Growth Rate | 29.47% |
| 5-Year Change | 3.23% |
| 10-Year Change | 89.47% |
| Growth Volatility | 95.3 |
New China Life Insurance Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how New China Life Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. See New China Life Insurance Co Ltd (601336) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for New China Life Insurance Co Ltd (2008–2025)
The table below shows the annual net assets of New China Life Insurance Co Ltd from 2008 to 2025. For live valuation and market cap data, see New China Life Insurance Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥112.02 Billion ≈ $16.39 Billion |
+16.36% |
| 2024-12-31 | CN¥96.27 Billion ≈ $14.09 Billion |
-8.40% |
| 2023-12-31 | CN¥105.09 Billion ≈ $15.38 Billion |
+2.13% |
| 2022-12-31 | CN¥102.91 Billion ≈ $15.06 Billion |
-5.17% |
| 2021-12-31 | CN¥108.51 Billion ≈ $15.88 Billion |
+6.72% |
| 2020-12-31 | CN¥101.68 Billion ≈ $14.88 Billion |
+20.39% |
| 2019-12-31 | CN¥84.46 Billion ≈ $12.36 Billion |
+28.76% |
| 2018-12-31 | CN¥65.60 Billion ≈ $9.60 Billion |
+2.94% |
| 2017-12-31 | CN¥63.72 Billion ≈ $9.32 Billion |
+7.78% |
| 2016-12-31 | CN¥59.12 Billion ≈ $8.65 Billion |
+2.22% |
| 2015-12-31 | CN¥57.84 Billion ≈ $8.46 Billion |
+19.60% |
| 2014-12-31 | CN¥48.36 Billion ≈ $7.08 Billion |
+23.01% |
| 2013-12-31 | CN¥39.32 Billion ≈ $5.75 Billion |
+9.59% |
| 2012-12-31 | CN¥35.88 Billion ≈ $5.25 Billion |
+14.58% |
| 2011-12-31 | CN¥31.31 Billion ≈ $4.58 Billion |
+376.39% |
| 2010-12-31 | CN¥6.57 Billion ≈ $961.84 Million |
+54.91% |
| 2009-12-31 | CN¥4.24 Billion ≈ $620.88 Million |
+205.69% |
| 2008-12-31 | CN¥1.39 Billion ≈ $203.11 Million |
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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 12709600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥126.52 Billion | 113.43% |
| Common Stock | CN¥3.12 Billion | 2.80% |
| Other Comprehensive Income | CN¥-42.06 Billion | -37.71% |
| Other Components | CN¥23.96 Billion | 21.48% |
| Total Equity | CN¥111.54 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 |
|---|---|
|
Avic Shenyang Aircraft Co Ltd
SHG:600760
|
$17.59 Billion |
|
Hithink RoyalFlush Info Network
SHE:300033
|
$17.60 Billion |
|
Phison Electronics
TWO:8299
|
$17.60 Billion |
|
TELEFONICA BRASIL ADR 1
F:TSPA
|
$17.63 Billion |
|
Amcor Plc
AU:AMC
|
$17.57 Billion |
|
STMicroelectronics N.V
F:SGM
|
$17.57 Billion |
|
CELLN.TELEC.UNSP.ADR/1/2
F:4720
|
$17.56 Billion |
|
KUBOTA CORP. ADR/20
F:KUOA
|
$17.55 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 2024 to 2025, total equity changed from 96,240,000,000 to 111,544,000,000, a change of 15,304,000,000 (15.9%).
- Net income of 36,284,000,000 contributed positively to equity growth.
- Dividend payments of 12,008,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,039,000,000.
- Other factors decreased equity by 5,933,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥36.28 Billion | +32.53% |
| Dividends Paid | CN¥12.01 Billion | -10.77% |
| Other Comprehensive Income | CN¥-3.04 Billion | -2.72% |
| Other Changes | CN¥-5.93 Billion | -5.32% |
| Total Change | CN¥- | 15.90% |
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: 1.61x
- 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 50.16x to 1.61x 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¥57.59 | x |
| 2009-12-31 | CN¥3.54 | CN¥57.59 | x |
| 2010-12-31 | CN¥5.46 | CN¥57.59 | x |
| 2011-12-31 | CN¥13.87 | CN¥57.59 | x |
| 2012-12-31 | CN¥11.50 | CN¥57.59 | x |
| 2013-12-31 | CN¥12.62 | CN¥57.59 | x |
| 2014-12-31 | CN¥15.48 | CN¥57.59 | x |
| 2015-12-31 | CN¥18.56 | CN¥57.59 | x |
| 2016-12-31 | CN¥18.90 | CN¥57.59 | x |
| 2017-12-31 | CN¥20.48 | CN¥57.59 | x |
| 2018-12-31 | CN¥21.03 | CN¥57.59 | x |
| 2019-12-31 | CN¥27.07 | CN¥57.59 | x |
| 2020-12-31 | CN¥32.59 | CN¥57.59 | x |
| 2021-12-31 | CN¥34.78 | CN¥57.59 | x |
| 2022-12-31 | CN¥31.41 | CN¥57.59 | x |
| 2023-12-31 | CN¥33.65 | CN¥57.59 | x |
| 2024-12-31 | CN¥30.85 | CN¥57.59 | x |
| 2025-12-31 | CN¥35.75 | CN¥57.59 | 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): 32.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.03%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 17.03x
- Recent ROE (32.53%) is above the historical average (20.25%), 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 |
| 2025 | 32.53% | 27.03% | 0.07x | 17.03x | CN¥25.13 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: $291,568,967,973
- Average return on equity (ROE) among peers: 6.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New China Life Insurance Co Ltd (601336) | CN¥123.59 Billion | 47.03% | 14.00x | $17.57 Billion |
| Hubei Biocause Pharmaceutical (000627) | $20.40 Billion | 8.72% | 4.78x | $1.13 Billion |
| COFCO Capital Holdings Co Ltd (002423) | $1.83 Billion | 0.28% | 1.06x | $3.09 Billion |
| Ping An Insurance Group Co of China Ltd (601318) | $1.23 Trillion | 6.97% | 8.43x | $83.77 Billion |
| China Pacific Insurance Group Co Ltd (601601) | $13.27 Billion | 7.60% | 14.31x | $31.37 Billion |
| China Life Insurance Co Ltd A (601628) | $193.39 Billion | 9.48% | 7.19x | $100.19 Billion |
About New China Life Insurance Co Ltd
New China Life Insurance Company Ltd. provides life insurance products and services to individuals and institutions in China. The company operates through three segments: Traditional insurance, Participating insurance, and Other Business. It provides life insurance, health insurance, and accident insurance products and services. The company also offers asset management, investment management, tra… Read more