China Life Insurance revenue and financials

601628 · SSE · CNY

¥36.70Change from previous close: +0.22%Absolute change: +¥0.08

Close · September 30, 2026

In the fiscal year ended December 2025, China Life Insurance reported revenue of ¥605.11B (+18.14% year over year). Net income was ¥154.08B, a net margin of 25.5%.

Annual revenue · 2025: ¥605.11B
  1. ¥822.31B2022
  2. ¥396.47B2023
  3. ¥512.2B2024
  4. ¥605.11B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+18.14%
2025 vs 2024
Net income growth
+44.09%
2025 vs 2024
Net margin
25.5%
2024: 20.9%

Financial data

Amounts in millions of CNY; per-share values in CNY; shares in millions.

Cash flow · Annual
Item20252024202320222021
Operating cash flow459,925378,795384,366351,968—
Depreciation and amortization4,8925,0295,0164,928—
Capital expenditure-3,056-3,979-4,171-3,076—
Investing cash flow-547,368-354,620-424,236-164,955—
Financing cash flow144,341-86,75960,273-120,095—
Dividends paid-26,602-26,915-22,189-26,386—
Share repurchases———0.00.0
Debt issued56.035,06543.0688—
Debt repaid-12,868-35,138-577-8,275—
Effect of exchange rates-30.028.064.0217—
Net change in cash56,898-62,58420,40366,918—
Free cash flow456,869374,816380,195348,892—