财务分析☆ ◇601319 中国人保 更新日期：2026-10-17◇ 通达信沪深京F10
★本栏包括【1.主要财务指标】【2.偿债能力指标】【3.营运能力指标】【4.盈利能力指标】
【5.成长能力指标】【6.保险专项指标】【7.指标变动说明】【8.资产负债表摘要】
【9.利润表摘要】【10.现金流量表摘要】【11.环比分析】
【1.主要财务指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│审计意见 │ 未经审计│ 无保留意见│ 无保留意见│ 无保留意见│ 无保留意见│ 无保留意见│
│归母净利(未调整:万) │ 3674500.00│ 4664600.00│ 4286900.00│ 2277300.00│ 2440600.00│ 2163800.00│
│归母净利(调整后:万) │ ---│ ---│ 4286900.00│ 2277300.00│ 2536900.00│ 2163800.00│
│净利润增长率(%) │ 38.50│ 8.81│ 88.24│ -10.23│ 12.79│ 7.82│
│扣非净利润(万) │ 3719000.00│ 4722100.00│ 4292800.00│ 2275200.00│ 2413900.00│ 2147500.00│
│营业总收(未调整:万) │ 35511500.00│ 66904400.00│ 62197200.00│ 55309700.00│ 62085900.00│ 59769100.00│
│营业总收(调整后:万) │ ---│ ---│ 62197200.00│ 55309700.00│ 52963300.00│ 59769100.00│
│总营收同比增长率(%) │ 9.60│ 7.57│ 12.45│ 4.43│ 3.88│ 2.40│
│加权净资产收益率(%) │ 11.21│ 16.10│ 16.70│ 9.64│ 11.10│ 10.26│
│资产负债比率(%) │ 78.29│ 79.28│ 79.21│ 78.70│ 80.08│ 78.44│
│净利润现金含量(%) │ 174.00│ 254.45│ 205.25│ 309.79│ 293.58│ 336.13│
│基本每股收益(元) │ 0.8300│ 1.0500│ 0.9700│ 0.5100│ 0.5700│ 0.4900│
│每股收益-扣除(元) │ 0.8400│ 1.0700│ 0.9700│ 0.5100│ 0.5500│ 0.4900│
│每股收益-摊薄(元) │ 0.8309│ 1.0548│ 0.9694│ 0.5149│ 0.5519│ 0.4893│
│每股资本公积金(元) │ 0.1537│ 0.1539│ 0.1683│ 0.1671│ 0.1674│ 0.1702│
│每股未分配利润(元) │ 5.6788│ 4.9517│ 4.2273│ 3.4733│ 3.0195│ 2.6769│
│每股净资产(元) │ 7.6900│ 7.0000│ 6.1000│ 5.5000│ 5.0100│ 4.9600│
│每股经营现金流量(元)│ 1.4457│ 2.6838│ 1.9896│ 1.5953│ 1.6202│ 1.6446│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│审计意见 │ 未经审计│ 未经审计│ 无保留意见│ 未经审计│ 未经审计│ 未经审计│
│归母净利(未调整:万) │ 3674500.00│ 881400.00│ 4664600.00│ 4682200.00│ 2653000.00│ 1284900.00│
│归母净利(调整后:万) │ ---│ ---│ ---│ ---│ 2653000.00│ 1284900.00│
│净利润增长率(%) │ 38.50│ -31.40│ 8.81│ 28.88│ 16.94│ 43.36│
│扣非净利润(万) │ 3719000.00│ 918400.00│ 4722100.00│ 4680300.00│ 2652600.00│ 1281500.00│
│营业总收(未调整:万) │ 35511500.00│ 14853600.00│ 66904400.00│ 52099000.00│ 32401400.00│ 15658900.00│
│营业总收(调整后:万) │ ---│ ---│ ---│ ---│ 32401400.00│ 15658900.00│
│总营收同比增长率(%) │ 9.60│ -5.14│ 7.57│ 10.95│ 10.85│ 12.83│
│加权净资产收益率(%) │ 11.21│ 2.80│ 16.10│ 16.00│ 9.49│ 4.70│
│资产负债比率(%) │ 78.29│ 78.54│ 79.28│ 77.98│ 79.27│ 78.80│
│净利润现金含量(%) │ 174.00│ 174.15│ 254.45│ 204.60│ 282.11│ 284.45│
│基本每股收益(元) │ 0.8300│ 0.2000│ 1.0500│ 1.0600│ 0.6000│ 0.2900│
│每股收益-扣除(元) │ 0.8400│ 0.2077│ 1.0700│ 1.0583│ 0.6000│ 0.2898│
│每股收益-摊薄(元) │ 0.8309│ 0.1993│ 1.0548│ 1.0587│ 0.5999│ 0.2905│
│每股资本公积金(元) │ 0.1537│ 0.1537│ 0.1539│ 0.1564│ 0.1560│ 0.1684│
│每股未分配利润(元) │ 5.6788│ 5.1999│ 4.9517│ 5.2124│ 4.7481│ 4.5518│
│每股净资产(元) │ 7.6900│ 7.2000│ 7.0000│ 7.1000│ 6.4000│ 6.3166│
│每股经营现金流量(元)│ 1.4457│ 0.3471│ 2.6838│ 2.1662│ 1.6924│ 0.8265│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【2.偿债能力指标】
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ ---│ ---│ ---│ ---│ ---│ ---│
│速动比率 │ ---│ ---│ ---│ ---│ ---│ ---│
│资产负债比率(%) │ 78.29│ 79.28│ 79.21│ 78.70│ 80.08│ 78.44│
│产权比率 │ 4.89│ 5.20│ 5.21│ 5.06│ 5.45│ 4.93│
│现金流比率(短期债务)% │ ---│ ---│ ---│ ---│ ---│ ---│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ ---│ ---│ ---│ ---│ ---│ ---│
│速动比率 │ ---│ ---│ ---│ ---│ ---│ ---│
│资产负债比率(%) │ 78.29│ 78.54│ 79.28│ 77.98│ 79.27│ 78.80│
│产权比率 │ 4.89│ 4.98│ 5.20│ 4.82│ 5.22│ 5.08│
│现金流比率(短期债务)% │ ---│ ---│ ---│ ---│ ---│ ---│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
【3.营运能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│应收账款周转率 │ ---│ ---│ ---│ ---│ ---│ ---│
│存货周转率 │ ---│ ---│ ---│ ---│ ---│ ---│
│流动资产周转率 │ ---│ ---│ ---│ ---│ ---│ ---│
│固定资产周转率 │ 11.09│ 20.52│ 19.06│ 16.67│ 18.56│ 18.05│
│总资产周转率 │ 0.17│ 0.35│ 0.37│ 0.37│ 0.43│ 0.45│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│应收账款周转率 │ ---│ ---│ ---│ ---│ ---│ ---│
│存货周转率 │ ---│ ---│ ---│ ---│ ---│ ---│
│流动资产周转率 │ ---│ ---│ ---│ ---│ ---│ ---│
│固定资产周转率 │ 11.09│ 4.63│ 20.52│ 16.40│ 10.18│ 4.82│
│总资产周转率 │ 0.17│ 0.07│ 0.35│ 0.28│ 0.18│ 0.09│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【4.盈利能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 10.80│ 15.10│ 15.95│ 9.40│ 11.02│ 9.87│
│销售毛利率 │ ---│ ---│ ---│ ---│ ---│ ---│
│营业利润率 │ 17.59│ 11.20│ 11.36│ 6.20│ 6.56│ 5.99│
│销售净利率 │ 14.03│ 9.42│ 9.30│ 5.69│ 5.53│ 5.12│
│总资产净利率 │ 2.40│ 3.32│ 3.48│ 2.12│ 2.38│ 2.33│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 10.80│ 2.76│ 15.10│ 14.91│ 9.31│ 4.60│
│销售毛利率 │ ---│ ---│ ---│ ---│ ---│ ---│
│营业利润率 │ 17.59│ 8.53│ 11.20│ 14.93│ 13.11│ 13.17│
│销售净利率 │ 14.03│ 8.10│ 9.42│ 12.17│ 11.08│ 11.15│
│总资产净利率 │ 2.40│ 0.59│ 3.32│ 3.42│ 1.97│ 0.98│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【5.成长能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ 9.60│ 7.57│ 12.45│ 4.43│ 3.88│ 2.40│
│营业利润增长率 │ 47.04│ 6.08│ 106.00│ -19.15│ 13.66│ 13.94│
│净利润增长率 │ 38.50│ 8.81│ 88.24│ -10.23│ 12.79│ 7.82│
│净资产增长率 │ 10.08│ 14.98│ 10.88│ 8.75│ 1.09│ 8.38│
│总资产增长率 │ 4.82│ 14.79│ 13.44│ 9.89│ 9.61│ 9.63│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ 9.60│ -5.14│ 7.57│ 10.95│ 10.85│ 12.83│
│营业利润增长率 │ 47.04│ -38.54│ 6.08│ 31.79│ 21.48│ 48.96│
│净利润增长率 │ 38.50│ -31.40│ 8.81│ 28.88│ 16.94│ 43.36│
│净资产增长率 │ 10.08│ 3.35│ 14.98│ 16.87│ 6.09│ 3.95│
│总资产增长率 │ 4.82│ -0.21│ 14.79│ 10.00│ 6.35│ 1.93│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【6.保险专项指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│内含价值(元) │ 1479.37亿│ 1241.49亿│ 1197.31亿│ 1014.70亿│ 1037.72亿│ 1114.31亿│
│经调整后净资产价值( │ 1147.28亿│ 1003.60亿│ 974.94亿│ 710.80亿│ 702.57亿│ 748.59亿│
│元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 606.33亿│ 536.52亿│ 458.98亿│ 469.68亿│ 459.53亿│ 465.06亿│
│本前(元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 332.09亿│ 237.89亿│ 222.37亿│ 303.90亿│ 335.16亿│ 365.72亿│
│本后(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 59.62亿│ 106.88亿│ 76.92亿│ 71.00亿│ 46.45亿│ 49.22亿│
│成本前(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 51.77亿│ 82.29亿│ 50.24亿│ 36.64亿│ 26.69亿│ 32.27亿│
│成本后(元) │ │ │ │ │ │ │
│核心资本(元) │ 4822.73亿│ 4492.27亿│ 4275.64亿│ 3230.15亿│ 2975.13亿│ 3458.16亿│
│实际资本(元) │ 6016.60亿│ 5576.98亿│ 5337.73亿│ 4166.69亿│ 3921.03亿│ 3952.32亿│
│最低资本(元) │ 2439.43亿│ 2231.66亿│ 1901.00亿│ 1662.06亿│ 1568.03亿│ 1311.47亿│
│核心偿付能力充足率% │ 197.70│ 201.30│ 225.00│ 194.00│ 190.00│ 264.00│
│综合偿付能力充足率% │ 246.60│ 249.90│ 281.00│ 251.00│ 250.00│ 301.00│
│寿险市场占有率% │ ---│ ---│ ---│ 2.80│ 2.90│ 3.10│
│寿险收入(元) │ 851.56亿│ 1259.70亿│ 1060.04亿│ 1006.34亿│ 927.02亿│ 968.47亿│
│寿险退保率% │ 0.80│ 1.70│ 3.60│ 5.10│ 6.50│ 5.90│
│产险市场占有率% │ ---│ ---│ 38.80│ 32.50│ 32.70│ 32.80│
│产险收入(元) │ 3275.29亿│ 5557.77亿│ 5380.55亿│ 5158.07亿│ 4854.34亿│ 4483.84亿│
│产险综合成本率% │ 94.50│ 97.60│ 98.50│ 97.60│ 97.60│ 99.50│
│产险综合赔付率% │ 72.40│ 74.00│ 72.70│ 70.40│ 71.80│ 73.60│
│产险业务净投资收益率│ 1.70│ 3.60│ 3.90│ 4.50│ 5.10│ 4.80│
│% │ │ │ │ │ │ │
│产险业务总投资收益率│ 3.70│ 5.70│ 5.60│ 3.30│ 4.60│ 5.80│
│% │ │ │ │ │ │ │
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-06-30│ 2025-12-31│ 2025-06-30│ 2024-12-31│ 2024-06-30│ 2023-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│内含价值(元) │ 1479.37亿│ 1241.49亿│ 1305.61亿│ 1197.31亿│ 1262.27亿│ 1014.70亿│
│经调整后净资产价值( │ 1147.28亿│ 1003.60亿│ 1039.21亿│ 974.94亿│ 901.33亿│ 710.80亿│
│元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 606.33亿│ 536.52亿│ 523.23亿│ 458.98亿│ 547.73亿│ 469.68亿│
│本前(元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 332.09亿│ 237.89亿│ 266.39亿│ 222.37亿│ 360.95亿│ 303.90亿│
│本后(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 59.62亿│ 106.88亿│ 64.99亿│ 76.92亿│ 56.91亿│ 71.00亿│
│成本前(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 51.77亿│ 82.29亿│ 49.78亿│ 50.24亿│ 39.35亿│ 36.64亿│
│成本后(元) │ │ │ │ │ │ │
│核心资本(元) │ 4822.73亿│ 4492.27亿│ 4482.56亿│ 4275.64亿│ 3807.11亿│ 3230.15亿│
│实际资本(元) │ 6016.60亿│ 5576.98亿│ 5632.57亿│ 5337.73亿│ 4839.14亿│ 4166.69亿│
│最低资本(元) │ 2439.43亿│ 2231.66亿│ 2042.79亿│ 1901.00亿│ 1813.93亿│ 1662.06亿│
│核心偿付能力充足率% │ 197.70│ 201.30│ 219.00│ 225.00│ 210.00│ 194.00│
│综合偿付能力充足率% │ 246.60│ 249.90│ 276.00│ 281.00│ 267.00│ 251.00│
│寿险市场占有率% │ ---│ ---│ ---│ ---│ 3.00│ 2.80│
│寿险收入(元) │ 851.56亿│ 1259.70亿│ 905.13亿│ 1060.04亿│ 790.56亿│ 1006.34亿│
│寿险退保率% │ 0.80│ 1.70│ 1.00│ 3.60│ 2.70│ 5.10│
│产险市场占有率% │ ---│ ---│ ---│ 38.80│ 34.00│ 32.50│
│产险收入(元) │ 3275.29亿│ 5557.77亿│ 3232.82亿│ 5380.55亿│ 3119.96亿│ 5158.07亿│
│产险综合成本率% │ 94.50│ 97.60│ 95.30│ 98.50│ 96.80│ 97.60│
│产险综合赔付率% │ 72.40│ 74.00│ 72.30│ 72.70│ 70.70│ 70.40│
│产险业务净投资收益率│ 1.70│ 3.60│ 3.70│ 3.90│ 3.80│ 4.50│
│% │ │ │ │ │ │ │
│产险业务总投资收益率│ 3.70│ 5.70│ 5.10│ 5.60│ 4.10│ 3.30│
│% │ │ │ │ │ │ │
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【7.指标变动说明】
截止日期:2026-06-30
┌──────┬────────┬──────┬────────┬──────┐
│变动科目 │变动原因 │本期数值(万)│ 上期/期初数(万)│ 变动幅度(%)│
├──────┼────────┼──────┼────────┼──────┤
│经营活动产生│支付签发保险合同│ 6393600.00│ 7484500.00│ -14.60│
│的现金流量净│赔款的现金同比增│ │ │ │
│额 │加 │ │ │ │
│投资活动使用│收回投资收到的现│ -2737300.00│ -6573300.00│ 58.40│
│的现金流量净│金同比增加 │ │ │ │
│额 │ │ │ │ │
│筹资活动使用│--- │ -4330400.00│ -1456700.00│ -197.30│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│汇率变动对现│--- │ -12000.00│ -15300.00│ 21.60│
│金及现金等价│ │ │ │ │
│物的影响额 │ │ │ │ │
│现金及现金等│--- │ -686100.00│ -560800.00│ -22.30│
│价物净减少额│ │ │ │ │
│保险合同资产│受部分保险合同资│ 50300.00│ 79400.00│ -36.60│
│ │产转为保险合同负│ │ │ │
│ │债 │ │ │ │
│递延所得税资│受可抵扣暂时性差│ 1955500.00│ 1408000.00│ 38.90│
│产 │异增长 │ │ │ │
│交易性金融负│报告期商业养老金│ 3730300.00│ 2221000.00│ 68.00│
│债 │业务规模增长 │ │ │ │
│预收保费 │暂收保费资金减少│ 614500.00│ 976300.00│ -37.10│
│应交税费 │应交所得税较年初│ 1286200.00│ 699700.00│ 83.80│
│ │增加 │ │ │ │
│保费准备金 │根据大灾准备金管│ 174300.00│ 37700.00│ 362.30│
│ │理办法，保费准备│ │ │ │
│ │金按月度计提，年│ │ │ │
│ │末使用，因此年初│ │ │ │
│ │余额较低 │ │ │ │
│分出再保险合│计入分出再保险合│ 19700.00│ 14600.00│ 34.90│
│同负债 │同组的履约现金流│ │ │ │
│ │变动 │ │ │ │
│递延所得税负│应纳税暂时性差异│ 80200.00│ 140100.00│ -42.80│
│债 │有所减少 │ │ │ │
│投资收益 │价差收入同比增加│ 3620300.00│ 2290900.00│ 58.00│
│公允价值变动│受资本市场波动影│ 1400500.00│ 235800.00│ 493.90│
│收益 │响 │ │ │ │
│汇兑损失 │汇率变动影响 │ -49200.00│ -8700.00│ -465.50│
│税金及附加 │保险合同履约不直│ 33700.00│ 23800.00│ 41.60│
│ │接相关的税金及附│ │ │ │
│ │加同比增加 │ │ │ │
│信用减值损失│本期其他金融资产│ 100.00│ -1600.00│ 106.25│
│（转回） │信用减值损失同比│ │ │ │
│ │增加 │ │ │ │
│其他资产减值│本期未发生其他资│ ---│ 200.00│ -100.00│
│损失 │产减值损失 │ │ │ │
│其他业务成本│本期其他业务规模│ 253600.00│ 192300.00│ 31.90│
│ │有所增加 │ │ │ │
│营业利润 │价差收入同比增加│ 6248000.00│ 4249300.00│ 47.00│
│ │，受资本市场波动│ │ │ │
│ │影响，汇率变动影│ │ │ │
│ │响，保险合同履约│ │ │ │
│ │不直接相关的税金│ │ │ │
│ │及附加同比增加，│ │ │ │
│ │本期其他金融资产│ │ │ │
│ │信用减值损失同比│ │ │ │
│ │增加，本期未发生│ │ │ │
│ │其他资产减值损失│ │ │ │
│ │，本期其他业务规│ │ │ │
│ │模有所增加 │ │ │ │
│营业外收入 │本期财政补贴同比│ 5400.00│ 11100.00│ -51.40│
│ │减少 │ │ │ │
│营业外支出 │本期子公司营业外│ 95500.00│ 13600.00│ 602.20│
│ │支出增加 │ │ │ │
│利润总额 │价差收入同比增加│ 6157900.00│ 4246800.00│ 45.00│
│ │，受资本市场波动│ │ │ │
│ │影响，汇率变动影│ │ │ │
│ │响，保险合同履约│ │ │ │
│ │不直接相关的税金│ │ │ │
│ │及附加同比增加，│ │ │ │
│ │本期其他金融资产│ │ │ │
│ │信用减值损失同比│ │ │ │
│ │增加，本期未发生│ │ │ │
│ │其他资产减值损失│ │ │ │
│ │，本期其他业务规│ │ │ │
│ │模有所增加，本期│ │ │ │
│ │财政补贴同比减少│ │ │ │
│ │，本期子公司营业│ │ │ │
│ │外支出增加 │ │ │ │
│所得税费用 │受应纳税所得额同│ 1176700.00│ 658000.00│ 78.80│
│ │比增加影响 │ │ │ │
│净利润 │价差收入同比增加│ 4981200.00│ 3588800.00│ 38.80│
│ │，受资本市场波动│ │ │ │
│ │影响，汇率变动影│ │ │ │
│ │响，保险合同履约│ │ │ │
│ │不直接相关的税金│ │ │ │
│ │及附加同比增加，│ │ │ │
│ │本期其他金融资产│ │ │ │
│ │信用减值损失同比│ │ │ │
│ │增加，本期未发生│ │ │ │
│ │其他资产减值损失│ │ │ │
│ │，本期其他业务规│ │ │ │
│ │模有所增加，本期│ │ │ │
│ │财政补贴同比减少│ │ │ │
│ │，本期子公司营业│ │ │ │
│ │外支出增加，受应│ │ │ │
│ │纳税所得额同比增│ │ │ │
│ │加影响 │ │ │ │
│其他综合收益│受利率变动和资本│ 104700.00│ -557100.00│ 118.79│
│的税后净额 │市场波动影响 │ │ │ │
│综合收益总额│价差收入同比增加│ 5085900.00│ 3031700.00│ 67.80│
│ │，受资本市场波动│ │ │ │
│ │影响，汇率变动影│ │ │ │
│ │响，保险合同履约│ │ │ │
│ │不直接相关的税金│ │ │ │
│ │及附加同比增加，│ │ │ │
│ │本期其他金融资产│ │ │ │
│ │信用减值损失同比│ │ │ │
│ │增加，本期未发生│ │ │ │
│ │其他资产减值损失│ │ │ │
│ │，本期其他业务规│ │ │ │
│ │模有所增加，本期│ │ │ │
│ │财政补贴同比减少│ │ │ │
│ │，本期子公司营业│ │ │ │
│ │外支出增加，受应│ │ │ │
│ │纳税所得额同比增│ │ │ │
│ │加影响，受利率变│ │ │ │
│ │动和资本市场波动│ │ │ │
│ │影响 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
截止日期:2026-03-31
┌──────┬────────┬──────┬────────┬──────┐
│变动科目 │变动原因 │本期数值(万)│ 上期/期初数(万)│ 变动幅度(%)│
├──────┼────────┼──────┼────────┼──────┤
│利润总额 │受资本市场影响，│ 1180500.00│ 2060300.00│ -42.70│
│ │报告期投资端利润│ │ │ │
│ │同比下降，净利润│ │ │ │
│ │较去年同期有所下│ │ │ │
│ │降 │ │ │ │
│归属于母公司│受资本市场影响，│ 881400.00│ 1284900.00│ -31.40│
│股东的净利润│报告期投资端利润│ │ │ │
│ │同比下降，净利润│ │ │ │
│ │较去年同期有所下│ │ │ │
│ │降 │ │ │ │
│经营活动产生│业务发展及给付现│ 1535000.00│ 3654900.00│ -58.00│
│的现金流量净│金流季度波动 │ │ │ │
│额 │ │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
【8.资产负债表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 2694900.00│ 2598400.00│ 2622200.00│ 2187000.00│ 2222700.00│ 2239800.00│
│公允计量的金融资产 │ 46331400.00│ 40971700.00│ 31767000.00│ 38302000.00│ 3830100.00│ 5745900.00│
│衍生金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│应收保费 │ ---│ ---│ ---│ ---│ 5539600.00│ 4172000.00│
│定期存款 │ 13424200.00│ 12743800.00│ 12655600.00│ 8148700.00│ 10118000.00│ 9434100.00│
│债权投资 │ 31723400.00│ 32265600.00│ 31623100.00│ 31860500.00│ ---│ ---│
│固定资产 │ 3160900.00│ 3243400.00│ 3277700.00│ 3248700.00│ 3386300.00│ 3302500.00│
│商誉 │ ---│ ---│ ---│ 19800.00│ 19800.00│ 19800.00│
│资产总计 │212533300.00│202768300.00│176638400.00│155715900.00│150870200.00│137640200.00│
│短期借款 │ ---│ ---│ ---│ ---│ ---│ ---│
│公允计量的金融负债 │ 3730300.00│ 2221000.00│ 750600.00│ 408900.00│ ---│ ---│
│衍生金融负债 │ ---│ ---│ ---│ ---│ ---│ ---│
│卖出回购金融资产款 │ 14148200.00│ 18076300.00│ 11123600.00│ 10896900.00│ 10089000.00│ 7759800.00│
│预收保费 │ 614500.00│ 976300.00│ 731900.00│ 562500.00│ 2945300.00│ 2739000.00│
│应付分保账款 │ ---│ ---│ ---│ ---│ 2766100.00│ 2276700.00│
│应付赔付款 │ ---│ ---│ ---│ ---│ 906800.00│ 1075100.00│
│应付保单红利 │ ---│ ---│ ---│ ---│ 560900.00│ 534200.00│
│负债合计 │166390100.00│160749400.00│139915800.00│122549000.00│120813700.00│107969700.00│
│实收资本(或股本) │ 4422400.00│ 4422400.00│ 4422400.00│ 4422400.00│ 4422400.00│ 4422400.00│
│资本公积 │ 679900.00│ 680500.00│ 744200.00│ 738800.00│ 740500.00│ 752700.00│
│盈余公积 │ 1774200.00│ 1774200.00│ 1683500.00│ 1569700.00│ 1493800.00│ 1418700.00│
│未分配利润 │ 25113800.00│ 21898300.00│ 18694600.00│ 15360300.00│ 13353300.00│ 11838500.00│
│归属于母公司所有者权│ 34013900.00│ 30899100.00│ 26873300.00│ 24235500.00│ 22151000.00│ 21913200.00│
│益合计 │ │ │ │ │ │ │
│少数股东权益 │ 12129300.00│ 11119800.00│ 9849300.00│ 8931400.00│ 7905500.00│ 7757300.00│
│股东权益合计 │ 46143200.00│ 42018900.00│ 36722600.00│ 33166900.00│ 30056500.00│ 29670500.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 2694900.00│ 2527700.00│ 2598400.00│ 2335900.00│ 2454100.00│ 3246400.00│
│公允计量的金融资产 │ 46331400.00│ 41986500.00│ 40971700.00│ 38702000.00│ 35799800.00│ 33358900.00│
│衍生金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│应收保费 │ ---│ ---│ ---│ ---│ ---│ ---│
│定期存款 │ 13424200.00│ 13342700.00│ 12743800.00│ 12379700.00│ 12516300.00│ 13731600.00│
│债权投资 │ 31723400.00│ 31503900.00│ 32265600.00│ 32482600.00│ 32222500.00│ 32450600.00│
│固定资产 │ 3160900.00│ 3169700.00│ 3243400.00│ 3075100.00│ 3088900.00│ 3222600.00│
│商誉 │ ---│ ---│ ---│ ---│ ---│ ---│
│资产总计 │212533300.00│202351500.00│202768300.00│194302700.00│187849500.00│180049000.00│
│短期借款 │ ---│ ---│ ---│ ---│ ---│ ---│
│公允计量的金融负债 │ 3730300.00│ 2741200.00│ 2221000.00│ 2141100.00│ 2430900.00│ 743400.00│
│衍生金融负债 │ ---│ ---│ ---│ ---│ ---│ ---│
│卖出回购金融资产款 │ 14148200.00│ 15290400.00│ 18076300.00│ 11862900.00│ 10430900.00│ 12199300.00│
│预收保费 │ 614500.00│ 554600.00│ 976300.00│ 474200.00│ 471000.00│ 453800.00│
│应付分保账款 │ ---│ ---│ ---│ ---│ ---│ ---│
│应付赔付款 │ ---│ ---│ ---│ ---│ ---│ ---│
│应付保单红利 │ ---│ ---│ ---│ ---│ ---│ ---│
│负债合计 │166390100.00│158929600.00│160749400.00│151519100.00│148903900.00│141878600.00│
│实收资本(或股本) │ 4422400.00│ 4422400.00│ 4422400.00│ 4422400.00│ 4422400.00│ 4422400.00│
│资本公积 │ 679900.00│ 679600.00│ 680500.00│ 691700.00│ 689700.00│ 744600.00│
│盈余公积 │ 1774200.00│ 1774200.00│ 1774200.00│ 1683500.00│ 1683500.00│ 1683500.00│
│未分配利润 │ 25113800.00│ 22995900.00│ 21898300.00│ 23051100.00│ 20998200.00│ 20130100.00│
│归属于母公司所有者权│ 34013900.00│ 31935600.00│ 30899100.00│ 31407100.00│ 28511100.00│ 27934600.00│
│益合计 │ │ │ │ │ │ │
│少数股东权益 │ 12129300.00│ 11486300.00│ 11119800.00│ 11376500.00│ 10434500.00│ 10235800.00│
│股东权益合计 │ 46143200.00│ 43421900.00│ 42018900.00│ 42783600.00│ 38945600.00│ 38170400.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【9.利润表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 35511500.00│ 66904400.00│ 62197200.00│ 55309700.00│ 62085900.00│ 59769100.00│
│已赚保费 │ ---│ ---│ ---│ ---│ 55972800.00│ 53001400.00│
│保险业务收入 │ ---│ ---│ ---│ ---│ 62580900.00│ 58542300.00│
│投资收益 │ 3620300.00│ 4493600.00│ 2513900.00│ 2560100.00│ 5665600.00│ 6283500.00│
│营业支出 │ 29263500.00│ 59410700.00│ 55132800.00│ 51880400.00│ 58013800.00│ 56186300.00│
│退保金 │ ---│ ---│ ---│ ---│ 3086900.00│ 2490600.00│
│赔付支出 │ ---│ ---│ ---│ ---│ 35827200.00│ 33669800.00│
│保单红利支出 │ ---│ ---│ ---│ ---│ 399800.00│ 368400.00│
│业务及管理费 │ 313000.00│ 678700.00│ 543100.00│ 625200.00│ 9242900.00│ 8638800.00│
│资产减值损失 │ ---│ 300.00│ 24800.00│ 19000.00│ 265200.00│ 151800.00│
│营业利润 │ 6248000.00│ 7493700.00│ 7064400.00│ 3429300.00│ 4072100.00│ 3582800.00│
│营业外收入 │ 5400.00│ 29400.00│ 27500.00│ 37300.00│ 48400.00│ 35300.00│
│营业外支出 │ 95500.00│ 72500.00│ 30100.00│ 23600.00│ 23500.00│ 28800.00│
│利润总额 │ 6157900.00│ 7450600.00│ 7061800.00│ 3443000.00│ 4097000.00│ 3589300.00│
│所得税 │ 1176700.00│ 1147300.00│ 1279800.00│ 296400.00│ 664500.00│ 529100.00│
│净利润 │ 4981200.00│ 6303300.00│ 5782000.00│ 3146600.00│ 3432500.00│ 3060200.00│
│归属母公司净利润 │ 3674500.00│ 4664600.00│ 4286900.00│ 2277300.00│ 2440600.00│ 2163800.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 35511500.00│ 14853600.00│ 66904400.00│ 52099000.00│ 32401400.00│ 15658900.00│
│已赚保费 │ ---│ ---│ ---│ ---│ ---│ ---│
│保险业务收入 │ ---│ ---│ ---│ ---│ ---│ ---│
│投资收益 │ 3620300.00│ 2197500.00│ 4493600.00│ 3906300.00│ 2290900.00│ 1221800.00│
│营业支出 │ 29263500.00│ 13586100.00│ 59410700.00│ 44319100.00│ 28152100.00│ 13596600.00│
│退保金 │ ---│ ---│ ---│ ---│ ---│ ---│
│赔付支出 │ ---│ ---│ ---│ ---│ ---│ ---│
│保单红利支出 │ ---│ ---│ ---│ ---│ ---│ ---│
│业务及管理费 │ 313000.00│ 141100.00│ 678700.00│ 499100.00│ 321100.00│ 131700.00│
│资产减值损失 │ ---│ ---│ 300.00│ 200.00│ 200.00│ ---│
│营业利润 │ 6248000.00│ 1267500.00│ 7493700.00│ 7779900.00│ 4249300.00│ 2062300.00│
│营业外收入 │ 5400.00│ 2200.00│ 29400.00│ 15400.00│ 11100.00│ 3400.00│
│营业外支出 │ 95500.00│ 89200.00│ 72500.00│ 22500.00│ 13600.00│ 5400.00│
│利润总额 │ 6157900.00│ 1180500.00│ 7450600.00│ 7772800.00│ 4246800.00│ 2060300.00│
│所得税 │ 1176700.00│ -22000.00│ 1147300.00│ 1432700.00│ 658000.00│ 314900.00│
│净利润 │ 4981200.00│ 1202500.00│ 6303300.00│ 6340100.00│ 3588800.00│ 1745400.00│
│归属母公司净利润 │ 3674500.00│ 881400.00│ 4664600.00│ 4682200.00│ 2653000.00│ 1284900.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【10.现金流量表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 40908000.00│ 79869800.00│ 74171600.00│ 70879900.00│ 63947600.00│ 60960900.00│
│经营活动现金流出 │ 34514400.00│ 68000900.00│ 65372600.00│ 63825000.00│ 56782500.00│ 53687800.00│
│经营活动现金流量净额│ 6393600.00│ 11868900.00│ 8799000.00│ 7054900.00│ 7165100.00│ 7273100.00│
│投资活动现金流入 │ 37153900.00│ 52252800.00│ 47052000.00│ 35674000.00│ 44274200.00│ 28041600.00│
│投资活动现金流出 │ 39891200.00│ 67827200.00│ 54811900.00│ 42766700.00│ 51602700.00│ 36197100.00│
│投资活动现金流量净额│ -2737300.00│-15574400.00│ -7759900.00│ -7092700.00│ -7328500.00│ -8155500.00│
│筹资活动现金流入 │ 28000.00│ 7946200.00│ 2106700.00│ 3486300.00│ 2734900.00│ 229200.00│
│筹资活动现金流出 │ 4358400.00│ 2607700.00│ 1620700.00│ 4634600.00│ 1879200.00│ 3815300.00│
│筹资活动现金流量净额│ -4330400.00│ 5338500.00│ 486000.00│ -1148300.00│ 855700.00│ -3586100.00│
│汇率变动对现金的影响│ -12000.00│ -58800.00│ 4600.00│ 9700.00│ 40000.00│ -24800.00│
│现金及等价物净增加额│ -686100.00│ 1574200.00│ 1529700.00│ -1176400.00│ 732300.00│ -4493300.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 40908000.00│ 20403700.00│ 79869800.00│ 56015600.00│ 40303100.00│ 20707300.00│
│经营活动现金流出 │ 34514400.00│ 18868700.00│ 68000900.00│ 46436000.00│ 32818600.00│ 17052400.00│
│经营活动现金流量净额│ 6393600.00│ 1535000.00│ 11868900.00│ 9579600.00│ 7484500.00│ 3654900.00│
│投资活动现金流入 │ 37153900.00│ 22643400.00│ 52252800.00│ 43267200.00│ 31095500.00│ 16444300.00│
│投资活动现金流出 │ 39891200.00│ 23369700.00│ 67827200.00│ 53464900.00│ 37668800.00│ 20456500.00│
│投资活动现金流量净额│ -2737300.00│ -726300.00│-15574400.00│-10197700.00│ -6573300.00│ -4012200.00│
│筹资活动现金流入 │ 28000.00│ 33800.00│ 7946200.00│ 1658100.00│ 611300.00│ 1240100.00│
│筹资活动现金流出 │ 4358400.00│ 3092800.00│ 2607700.00│ 1619500.00│ 2068000.00│ 1245500.00│
│筹资活动现金流量净额│ -4330400.00│ -3059000.00│ 5338500.00│ 38600.00│ -1456700.00│ -5400.00│
│汇率变动对现金的影响│ -12000.00│ -16600.00│ -58800.00│ -9100.00│ -15300.00│ -400.00│
│现金及等价物净增加额│ -686100.00│ -2266900.00│ 1574200.00│ -588600.00│ -560800.00│ -363100.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【11.环比分析】
┌──────┬───────┬───────┬───────┬───────┐
│2025年度 │主营收入(万元)│ 占年度比重(%)│ 净利润(万元)│ 占年度比重(%)│
├──────┼───────┼───────┼───────┼───────┤
│一季报 │ 15658900.00│ 23.40│ 1284900.00│ 27.55│
│二季报 │ 16742500.00│ 25.02│ 1368100.00│ 29.33│
│三季报 │ 19697600.00│ 29.44│ 2029200.00│ 43.50│
│四季报 │ 14805400.00│ 22.13│ -17600.00│ -0.38│
└──────┴───────┴───────┴───────┴───────┘
┌──────┬───────┬───────┬───────┬───────┐
│2024年度 │主营收入(万元)│ 占年度比重(%)│ 净利润(万元)│ 占年度比重(%)│
├──────┼───────┼───────┼───────┼───────┤
│一季报 │ 13877800.00│ 22.31│ 896300.00│ 20.91│
│二季报 │ 15352900.00│ 24.68│ 1372400.00│ 32.01│
│三季报 │ 17726900.00│ 28.50│ 1364400.00│ 31.83│
│四季报 │ 15239600.00│ 24.50│ 653800.00│ 15.25│
└──────┴───────┴───────┴───────┴───────┘
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