New China Life Insurance Company Ltd. provided earnings guidance for the first quarter ended March 31, 2022. For the period, it is estimated that the net profit attributable to the shareholders of the Company for the first quarter of 2022 reached around RMB 1,261 million to RMB 1,892 million, down by around RMB 4,414 million to RMB 5,044 million, representing a decrease of around 70% to 80% as compared to the same period in 2021; the net profit attributable to shareholders of the Company after deducting non-recurring items may decrease by around RMB 4,418 million to RMB 5,049 million, representing a decrease of around 70% to 80% as compared to the same period in 2021.
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May. 08 | Nomura Adjusts New China Life’s Price Target to 30.01 Yuan From 33.07 Yuan, Keeps at Neutral | MT |
May. 08 | Nomura Adjusts New China Life’s Price Target to HK$20.29 From HK$23.70, Keeps at Buy | MT |
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- New China Life Insurance Company Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2022