财务分析☆ ◇601601 中国太保 更新日期：2026-09-19◇ 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) │ 3077500.00│ 5350500.00│ 4496000.00│ 2725700.00│ 2460900.00│ 2683400.00│
│归母净利(调整后:万) │ ---│ ---│ 4496000.00│ 2725700.00│ 3738100.00│ 2683400.00│
│净利润增长率(%) │ 10.36│ 19.01│ 64.95│ -27.08│ -8.29│ 9.15│
│扣非净利润(万) │ 2978400.00│ 5233000.00│ 4492600.00│ 2713500.00│ 2450500.00│ 2669900.00│
│营业总收(未调整:万) │ 21213600.00│ 43515600.00│ 40408900.00│ 32394500.00│ 45537200.00│ 44064300.00│
│营业总收(调整后:万) │ ---│ ---│ 40408900.00│ 32394500.00│ 33214000.00│ 44064300.00│
│总营收同比增长率(%) │ 5.81│ 7.69│ 24.74│ -2.47│ 3.34│ 4.37│
│加权净资产收益率(%) │ 9.70│ 18.00│ 16.60│ 11.40│ 10.80│ 12.20│
│资产负债比率(%) │ 89.30│ 89.37│ 88.77│ 88.58│ 89.24│ 88.06│
│净利润现金含量(%) │ 373.94│ 365.43│ 343.43│ 505.79│ 601.04│ 403.99│
│基本每股收益(元) │ 3.2000│ 5.5600│ 4.6700│ 2.8300│ 3.8900│ 2.7900│
│每股收益-扣除(元) │ 3.1000│ 5.4400│ 4.6700│ 2.8200│ 2.5500│ 2.7800│
│每股收益-摊薄(元) │ 3.1991│ 5.5619│ 4.6736│ 2.8334│ 2.5581│ 2.7894│
│每股资本公积金(元) │ 8.3070│ 8.3089│ 8.3106│ 8.3108│ 8.2812│ 8.2809│
│每股未分配利润(元) │ 21.8312│ 19.6930│ 15.7890│ 12.6245│ 10.9361│ 9.6849│
│每股净资产(元) │ 33.1800│ 31.4100│ 30.2900│ 25.9400│ 23.7500│ 23.5698│
│每股经营现金流量(元)│ 11.9600│ 20.3200│ 16.0500│ 14.3300│ 15.3800│ 11.2689│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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) │ 3077500.00│ 1004100.00│ 5350500.00│ 4570000.00│ 2788500.00│ 962700.00│
│归母净利(调整后:万) │ ---│ ---│ ---│ ---│ 2788500.00│ 962700.00│
│净利润增长率(%) │ 10.36│ 4.30│ 19.01│ 19.29│ 10.95│ -18.13│
│扣非净利润(万) │ 2978400.00│ 951900.00│ 5233000.00│ 4409200.00│ 2622400.00│ 962400.00│
│营业总收(未调整:万) │ 21213600.00│ 9254700.00│ 43515600.00│ 34490400.00│ 20049600.00│ 9371700.00│
│营业总收(调整后:万) │ ---│ ---│ ---│ ---│ 20049600.00│ 9371700.00│
│总营收同比增长率(%) │ 5.81│ -1.25│ 7.69│ 11.06│ 3.01│ -1.79│
│加权净资产收益率(%) │ 9.70│ 3.20│ 18.00│ 15.80│ 9.60│ 3.50│
│资产负债比率(%) │ 89.30│ 89.09│ 89.37│ 89.74│ 89.66│ 90.04│
│净利润现金含量(%) │ 373.94│ 610.13│ 365.43│ 370.67│ 432.14│ 670.59│
│基本每股收益(元) │ 3.2000│ 1.0400│ 5.5600│ 4.7500│ 2.9000│ 1.0000│
│每股收益-扣除(元) │ 3.1000│ 0.9895│ 5.4400│ 4.5834│ 2.7300│ 1.0004│
│每股收益-摊薄(元) │ 3.1991│ 1.0438│ 5.5619│ 4.7505│ 2.8986│ 1.0007│
│每股资本公积金(元) │ 8.3070│ 8.3089│ 8.3089│ 8.3089│ 8.3097│ 8.3097│
│每股未分配利润(元) │ 21.8312│ 20.7802│ 19.6930│ 19.4650│ 17.6279│ 16.7739│
│每股净资产(元) │ 33.1800│ 33.2227│ 31.4100│ 29.5411│ 29.3000│ 27.4023│
│每股经营现金流量(元)│ 11.9600│ 6.3683│ 20.3200│ 17.6088│ 12.5300│ 6.7108│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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(%) │ 89.30│ 89.37│ 88.77│ 88.58│ 89.24│ 88.06│
│产权比率 │ 9.17│ 9.30│ 8.64│ 8.32│ 8.50│ 7.56│
│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(%) │ 89.30│ 89.09│ 89.37│ 89.74│ 89.66│ 90.04│
│产权比率 │ 9.17│ 9.00│ 9.30│ 9.72│ 9.64│ 9.96│
│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 │ 8.14│ 18.87│ 20.63│ 17.80│ 26.04│ 25.90│
│总资产周转率 │ 0.07│ 0.15│ 0.16│ 0.15│ 0.22│ 0.24│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 8.14│ 3.54│ 18.87│ 15.42│ 9.33│ 4.66│
│总资产周转率 │ 0.07│ 0.03│ 0.15│ 0.12│ 0.07│ 0.03│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 9.64│ 17.71│ 15.43│ 10.92│ 10.77│ 11.83│
│销售毛利率 │ ---│ ---│ ---│ ---│ ---│ ---│
│营业利润率 │ 16.35│ 15.21│ 13.79│ 9.90│ 5.54│ 6.99│
│销售净利率 │ 14.92│ 12.73│ 11.49│ 8.62│ 5.54│ 6.27│
│总资产净利率 │ 0.99│ 1.85│ 1.79│ 1.26│ 1.22│ 1.49│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 9.64│ 3.14│ 17.71│ 16.08│ 9.89│ 3.65│
│销售毛利率 │ ---│ ---│ ---│ ---│ ---│ ---│
│营业利润率 │ 16.35│ 11.06│ 15.21│ 17.46│ 16.10│ 12.34│
│销售净利率 │ 14.92│ 11.20│ 12.73│ 13.66│ 14.37│ 10.68│
│总资产净利率 │ 0.99│ 0.33│ 1.85│ 1.59│ 0.98│ 0.35│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 5.81│ 7.69│ 24.74│ -2.47│ 3.34│ 4.37│
│营业利润增长率 │ 7.50│ 18.78│ 73.77│ -24.64│ -18.06│ 4.82│
│净利润增长率 │ 10.36│ 19.01│ 64.95│ -27.08│ -8.29│ 9.15│
│净资产增长率 │ 5.64│ 3.68│ 16.76│ 27.03│ 0.75│ 5.35│
│总资产增长率 │ 4.28│ 10.93│ 20.95│ 13.16│ 11.83│ 9.89│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 5.81│ -1.25│ 7.69│ 11.06│ 3.01│ -1.79│
│营业利润增长率 │ 7.50│ -11.51│ 18.78│ 35.34│ 9.59│ -17.81│
│净利润增长率 │ 10.36│ 4.30│ 19.01│ 19.29│ 10.95│ -18.13│
│净资产增长率 │ 5.64│ 5.78│ 3.68│ -2.48│ -3.28│ -9.54│
│总资产增长率 │ 4.28│ 2.62│ 10.93│ 8.56│ 6.89│ 2.90│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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) │ 6369.38亿│ 6133.65亿│ 5620.66亿│ 5294.93亿│ 5196.21亿│ 4983.09亿│
│经调整后净资产价值( │ 3861.72亿│ 3726.67亿│ 3491.75亿│ 2915.19亿│ 2981.42亿│ 2872.13亿│
│元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 2676.74亿│ 2572.28亿│ 2279.35亿│ 2474.99亿│ 2414.71亿│ 2276.24亿│
│本前(元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 2551.22亿│ 2448.80亿│ 2165.90亿│ 2421.08亿│ 2253.26亿│ 2147.63亿│
│本后(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 113.23亿│ 197.73亿│ 148.24亿│ 126.72亿│ 113.80亿│ 155.18亿│
│成本前(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 107.58亿│ 186.09亿│ 132.58亿│ 109.62亿│ 92.05亿│ 134.12亿│
│成本后(元) │ │ │ │ │ │ │
│核心资本(元) │ 4423.75亿│ 4506.00亿│ 3580.78亿│ 3039.08亿│ 3324.14亿│ 4966.20亿│
│实际资本(元) │ 5883.56亿│ 5966.47亿│ 5037.45亿│ 4569.38亿│ 4790.73亿│ 5066.20亿│
│最低资本(元) │ 2311.23亿│ 2184.44亿│ 1970.79亿│ 1780.17亿│ 1873.33亿│ 1907.94亿│
│核心偿付能力充足率% │ 191.00│ 206.00│ 182.00│ 171.00│ 177.00│ 260.00│
│综合偿付能力充足率% │ 255.00│ 273.00│ 256.00│ 257.00│ 256.00│ 266.00│
│寿险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│寿险收入(元) │ 1903.51亿│ 2958.55亿│ 2610.80亿│ 2528.17亿│ 2253.43亿│ 2116.85亿│
│寿险退保率% │ 0.70│ 1.40│ 1.70│ 1.80│ 1.50│ 1.70│
│产险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险收入(元) │ 1143.58亿│ 2014.99亿│ 2012.43亿│ 1883.42亿│ 1703.77亿│ 1526.43亿│
│产险综合成本率% │ 95.00│ 97.50│ 98.60│ 97.70│ 97.30│ 99.00│
│产险综合赔付率% │ 68.70│ 70.40│ 71.00│ 69.10│ 68.50│ 69.60│
│产险业务净投资收益率│ ---│ 3.40│ 3.80│ 4.00│ 4.30│ 4.50│
│% │ │ │ │ │ │ │
│产险业务总投资收益率│ ---│ 5.70│ 5.60│ 2.60│ 4.20│ 5.70│
│% │ │ │ │ │ │ │
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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) │ 6369.38亿│ 6133.65亿│ 5889.27亿│ 5620.66亿│ 5687.66亿│ 5294.93亿│
│经调整后净资产价值( │ 3861.72亿│ 3726.67亿│ 3654.94亿│ 3491.75亿│ 3208.22亿│ 2915.19亿│
│元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 2676.74亿│ 2572.28亿│ 2385.51亿│ 2279.35亿│ 2576.93亿│ 2474.99亿│
│本前(元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 2551.22亿│ 2448.80亿│ 2273.15亿│ 2165.90亿│ 2522.51亿│ 2421.08亿│
│本后(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 113.23亿│ 197.73亿│ 103.31亿│ 148.24亿│ 103.24亿│ 126.72亿│
│成本前(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 107.58亿│ 186.09亿│ 95.44亿│ 132.58亿│ 90.37亿│ 109.62亿│
│成本后(元) │ │ │ │ │ │ │
│核心资本(元) │ 4423.75亿│ 4506.00亿│ 3857.00亿│ 3580.78亿│ 3298.88亿│ 3039.08亿│
│实际资本(元) │ 5883.56亿│ 5966.47亿│ 5344.78亿│ 5037.45亿│ 4797.71亿│ 4569.38亿│
│最低资本(元) │ 2311.23亿│ 2184.44亿│ 2025.81亿│ 1970.79亿│ 1907.78亿│ 1780.17亿│
│核心偿付能力充足率% │ 191.00│ 206.00│ 190.00│ 182.00│ 173.00│ 171.00│
│综合偿付能力充足率% │ 255.00│ 273.00│ 264.00│ 256.00│ 251.00│ 257.00│
│寿险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│寿险收入(元) │ 1903.51亿│ 2958.55亿│ 1934.70亿│ 2610.80亿│ 1701.05亿│ 2528.17亿│
│寿险退保率% │ 0.70│ 1.40│ 0.80│ 1.70│ 0.90│ 1.80│
│产险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险收入(元) │ 1143.58亿│ 2014.99亿│ 1127.60亿│ 2012.43亿│ 1118.03亿│ 1883.42亿│
│产险综合成本率% │ 95.00│ 97.50│ 96.30│ 98.60│ 97.10│ 97.70│
│产险综合赔付率% │ 68.70│ 70.40│ 69.50│ 71.00│ 69.60│ 69.10│
│产险业务净投资收益率│ ---│ 3.40│ 1.70│ 3.80│ 1.80│ 4.00│
│% │ │ │ │ │ │ │
│产险业务总投资收益率│ ---│ 5.70│ 2.30│ 5.60│ 2.70│ 2.60│
│% │ │ │ │ │ │ │
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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(%)│
├──────┼────────┼──────┼────────┼──────┤
│买入返售金融│时点因素 │ 4745000.00│ 2451200.00│ 93.58│
│资产 │ │ │ │ │
│在建工程 │购建房产 │ 151200.00│ 108600.00│ 39.23│
│递延所得税资│可抵扣暂时性差异│ 535600.00│ 364300.00│ 47.02│
│产 │增加 │ │ │ │
│衍生金融负债│H 股可转债影响 │ 106400.00│ 237200.00│ -55.14│
│预收保费 │时点因素 │ 617100.00│ 2023700.00│ -69.51│
│应交税费 │时点因素 │ 511500.00│ 372200.00│ 37.43│
│保费准备金 │时点因素 │ 75300.00│ 20100.00│ 274.63│
│其他负债 │应付股利和应付资│ 7031800.00│ 5260300.00│ 33.68│
│ │产支持证券款增加│ │ │ │
│投资收益 │证券买卖收益等增│ 3363100.00│ 2167100.00│ 55.19│
│ │加 │ │ │ │
│对联营企业和│联营企业净利润增│ 68600.00│ -14500.00│ 573.10│
│合营企业的投│加和合营企业转为│ │ │ │
│资收益/（损 │子公司影响 │ │ │ │
│失） │ │ │ │ │
│公允价值变动│受资本市场波动影│ 298500.00│ 585600.00│ -49.03│
│收益 │响，交易性金融资│ │ │ │
│ │产市值波动 │ │ │ │
│汇兑损失 │汇率波动 │ -35000.00│ -1300.00│ -2592.31│
│税金及附加 │业务变动 │ 34300.00│ 21600.00│ 58.80│
│其他业务成本│合营企业转为子公│ 102200.00│ 59200.00│ 72.64│
│ │司影响 │ │ │ │
│其他综合损益│受资本市场波动影│ -267700.00│ -2750000.00│ 90.27│
│ │响，以公允价值计│ │ │ │
│ │量且其变动计入其│ │ │ │
│ │他综合收益的金融│ │ │ │
│ │资产公允价值变动│ │ │ │
└──────┴────────┴──────┴────────┴──────┘
截止日期:2025-12-31
┌──────┬────────┬──────┬────────┬──────┐
│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│收到签发保险合同│ 19552300.00│ 15440400.00│ 26.63│
│的现金流量净│保费取得的现金增│ │ │ │
│额 │加 │ │ │ │
│投资活动使用│投资支付的现金减│-18438700.00│ -20990000.00│ 12.15│
│的现金流量净│少 │ │ │ │
│额 │ │ │ │ │
│筹资活动产生│回购业务资金净增│ 3669100.00│ 6133600.00│ -40.18│
│的现金流量净│加额减少 │ │ │ │
│额 │ │ │ │ │
│汇率变动对现│--- │ -49400.00│ 9300.00│ -631.18│
│金及现金等价│ │ │ │ │
│物的影响 │ │ │ │ │
│现金及现金等│--- │ 4733300.00│ 593300.00│ 697.79│
│价物净增加额│ │ │ │ │
│货币资金 │时点因素及发行H │ 6278900.00│ 2935700.00│ 113.88│
│ │股可转债影响 │ │ │ │
│买入返售金融│时点因素 │ 2451200.00│ 1090500.00│ 124.78│
│资产 │ │ │ │ │
│长期股权投资│合营企业转为子公│ 1461600.00│ 2252000.00│ -35.10│
│ │司 │ │ │ │
│投资性房地产│合营企业转为子公│ 2814700.00│ 895100.00│ 214.46│
│ │司 │ │ │ │
│在建工程 │转增固定资产 │ 108600.00│ 248900.00│ -56.37│
│使用权资产 │合营企业转为子公│ 177600.00│ 292100.00│ -39.20│
│ │司 │ │ │ │
│衍生金融负债│发行H股可转债 │ 237200.00│ 9600.00│ 2370.83│
│应交税费 │时点因素 │ 372200.00│ 248000.00│ 50.08│
│应付债券 │发行H股可转债 │ 2267800.00│ 1028600.00│ 120.47│
│租赁负债 │合营企业转为子公│ 157100.00│ 272200.00│ -42.29│
│ │司 │ │ │ │
│递延所得税负│应纳税暂时性差异│ 451700.00│ 736200.00│ -38.64│
│债 │减少 │ │ │ │
│其他综合损益│受资本市场波动影│ -1739000.00│ 1491700.00│ -216.58│
│ │响，以公允价值计│ │ │ │
│ │量且其变动计入其│ │ │ │
│ │他综合收益的金融│ │ │ │
│ │资产公允价值变动│ │ │ │
│投资收益 │证券买卖收益等增│ 5265700.00│ 2690700.00│ 95.70│
│ │加 │ │ │ │
│对联营企业和│该类投资收益增加│ 9400.00│ -54000.00│ 117.41│
│合营企业的投│ │ │ │ │
│资收益/(损失│ │ │ │ │
│) │ │ │ │ │
│分出再保险财│金融假设变化 │ 88100.00│ 210300.00│ -58.11│
│务收益 │ │ │ │ │
│利息支出 │卖出回购金融资产│ 416400.00│ 272800.00│ 52.64│
│ │款等利息支出增加│ │ │ │
│信用减值损失│金融资产信用减值│ 115500.00│ 53100.00│ 117.51│
│ │损失增加 │ │ │ │
│其他资产减值│投资性房地产减值│ 2800.00│ 40600.00│ -93.10│
│损失 │损失减少 │ │ │ │
│其他业务成本│合营企业转为子公│ 172000.00│ 110600.00│ 55.52│
│ │司 │ │ │ │
│其他综合损益│受资本市场波动影│ -3291000.00│ 680000.00│ -583.97│
│ │响，以公允价值计│ │ │ │
│ │量且其变动计入其│ │ │ │
│ │他综合收益的金融│ │ │ │
│ │资产公允价值变动│ │ │ │
│总资产 │业务规模扩大 │314476700.00│ 283490700.00│ 10.93│
│总负债 │业务规模扩大 │281054300.00│ 251642600.00│ 11.69│
│股东权益合计│当期盈利和以公允│ 33422400.00│ 31848100.00│ 4.94│
│ │价值计量且其变动│ │ │ │
│ │计入其他综合收益│ │ │ │
│ │的金融资产公允价│ │ │ │
│ │值变动 │ │ │ │
│营业利润 │资本市场上涨和保│ 6617400.00│ 5571100.00│ 18.78│
│ │险服务业绩增长影│ │ │ │
│ │响 │ │ │ │
│归属于母公司│资本市场上涨和保│ 5350500.00│ 4496000.00│ 19.01│
│股东的净利润│险服务业绩增长影│ │ │ │
│ │响 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
【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 │ 5945000.00│ 6278900.00│ 2935700.00│ 3145500.00│ 3313400.00│ 3254500.00│
│公允计量的金融资产 │ 75593600.00│ 71486800.00│ 66719900.00│ 58160200.00│ 2656000.00│ 1235300.00│
│衍生金融资产 │ 1400.00│ 500.00│ 2600.00│ 1700.00│ 19700.00│ 25900.00│
│应收保费 │ ---│ ---│ ---│ ---│ 3119100.00│ 2580300.00│
│定期存款 │ 20205300.00│ 18731000.00│ 17381800.00│ 16550100.00│ 20451700.00│ 19651900.00│
│债权投资 │ 4664000.00│ 5260100.00│ 6484400.00│ 8233400.00│ ---│ ---│
│固定资产 │ 2626800.00│ 2585900.00│ 2025500.00│ 1892500.00│ 1746500.00│ 1750400.00│
│商誉 │ 135700.00│ 135700.00│ 135700.00│ 135700.00│ 137200.00│ 137200.00│
│资产总计 │327939100.00│314476700.00│283490700.00│234396200.00│217629900.00│194616400.00│
│短期借款 │ ---│ ---│ ---│ ---│ ---│ ---│
│公允计量的金融负债 │ ---│ ---│ ---│ ---│ ---│ ---│
│衍生金融负债 │ 106400.00│ 237200.00│ 9600.00│ 2100.00│ 800.00│ 100.00│
│卖出回购金融资产款 │ 17009500.00│ 21893000.00│ 18169500.00│ 11581900.00│ 11966500.00│ 7344100.00│
│预收保费 │ 617100.00│ 2023700.00│ 1804400.00│ 1702600.00│ 2252000.00│ 2515400.00│
│应付分保账款 │ ---│ ---│ ---│ ---│ 845000.00│ 763800.00│
│应付赔付款 │ ---│ ---│ ---│ ---│ 2207500.00│ 2152600.00│
│应付保单红利 │ ---│ ---│ ---│ ---│ 2485800.00│ 2417600.00│
│负债合计 │292854500.00│281054300.00│251642600.00│207625800.00│194217100.00│171375900.00│
│实收资本(或股本) │ 962000.00│ 962000.00│ 962000.00│ 962000.00│ 962000.00│ 962000.00│
│资本公积 │ 7991300.00│ 7993200.00│ 7994800.00│ 7995000.00│ 7966500.00│ 7966200.00│
│盈余公积 │ 511400.00│ 511400.00│ 511400.00│ 511400.00│ 511400.00│ 511400.00│
│未分配利润 │ 21001600.00│ 18944700.00│ 15189000.00│ 12144800.00│ 10520500.00│ 9316900.00│
│归属于母公司所有者权│ 31919600.00│ 30214300.00│ 29141700.00│ 24958600.00│ 22844600.00│ 22674100.00│
│益合计 │ │ │ │ │ │ │
│少数股东权益 │ 3165000.00│ 3208100.00│ 2706400.00│ 1811800.00│ 568200.00│ 566400.00│
│股东权益合计 │ 35084600.00│ 33422400.00│ 31848100.00│ 26770400.00│ 23412800.00│ 23240500.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 5945000.00│ 8852300.00│ 6278900.00│ 4629200.00│ 4640400.00│ 4702100.00│
│公允计量的金融资产 │ 75593600.00│ 71807500.00│ 71486800.00│ 72336500.00│ 67440100.00│ 66002800.00│
│衍生金融资产 │ 1400.00│ 800.00│ 500.00│ 1200.00│ 1100.00│ 1500.00│
│应收保费 │ ---│ ---│ ---│ ---│ ---│ ---│
│定期存款 │ 20205300.00│ 21032200.00│ 18731000.00│ 18180100.00│ 17821900.00│ 18042000.00│
│债权投资 │ 4664000.00│ 4988800.00│ 5260100.00│ 5363700.00│ 5535700.00│ 6016700.00│
│固定资产 │ 2626800.00│ 2637900.00│ 2585900.00│ 2449000.00│ 2271500.00│ 1994100.00│
│商誉 │ 135700.00│ 135700.00│ 135700.00│ 135700.00│ 135700.00│ 135700.00│
│资产总计 │327939100.00│322711100.00│314476700.00│307764000.00│303010000.00│291707200.00│
│短期借款 │ ---│ ---│ ---│ ---│ ---│ ---│
│公允计量的金融负债 │ ---│ ---│ ---│ ---│ ---│ ---│
│衍生金融负债 │ 106400.00│ 164700.00│ 237200.00│ 178200.00│ 6000.00│ 8500.00│
│卖出回购金融资产款 │ 17009500.00│ 21994400.00│ 21893000.00│ 19015200.00│ 18020500.00│ 20915800.00│
│预收保费 │ 617100.00│ 512700.00│ 2023700.00│ 621300.00│ 619200.00│ 533600.00│
│应付分保账款 │ ---│ ---│ ---│ ---│ ---│ ---│
│应付赔付款 │ ---│ ---│ ---│ ---│ ---│ ---│
│应付保单红利 │ ---│ ---│ ---│ ---│ ---│ ---│
│负债合计 │292854500.00│287495700.00│281054300.00│276192700.00│271689400.00│262666500.00│
│实收资本(或股本) │ 962000.00│ 962000.00│ 962000.00│ 962000.00│ 962000.00│ 962000.00│
│资本公积 │ 7991300.00│ 7993200.00│ 7993200.00│ 7993200.00│ 7993900.00│ 7993900.00│
│盈余公积 │ 511400.00│ 511400.00│ 511400.00│ 511400.00│ 511400.00│ 511400.00│
│未分配利润 │ 21001600.00│ 19990600.00│ 18944700.00│ 18725300.00│ 16958000.00│ 16136500.00│
│归属于母公司所有者权│ 31919600.00│ 31960200.00│ 30214300.00│ 28418500.00│ 28187100.00│ 26361000.00│
│益合计 │ │ │ │ │ │ │
│少数股东权益 │ 3165000.00│ 3255200.00│ 3208100.00│ 3152800.00│ 3133500.00│ 2679700.00│
│股东权益合计 │ 35084600.00│ 35215400.00│ 33422400.00│ 31571300.00│ 31320600.00│ 29040700.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 21213600.00│ 43515600.00│ 40408900.00│ 32394500.00│ 45537200.00│ 44064300.00│
│已赚保费 │ ---│ ---│ ---│ ---│ 36887800.00│ 33953500.00│
│保险业务收入 │ ---│ ---│ ---│ ---│ 39881800.00│ 36678200.00│
│投资收益 │ 3363100.00│ 5265700.00│ 2690700.00│ 705300.00│ 8119500.00│ 9545700.00│
│营业支出 │ 17744400.00│ 36898200.00│ 34837800.00│ 29188500.00│ 43013900.00│ 40984900.00│
│退保金 │ ---│ ---│ ---│ ---│ 2143400.00│ 2233000.00│
│赔付支出 │ ---│ ---│ ---│ ---│ 14814700.00│ 14874900.00│
│保单红利支出 │ ---│ ---│ ---│ ---│ 1212100.00│ 1237600.00│
│业务及管理费 │ 344400.00│ 701800.00│ 823900.00│ 739700.00│ 5277400.00│ 5024000.00│
│资产减值损失 │ ---│ 2800.00│ 40600.00│ 25300.00│ 564000.00│ 444100.00│
│营业利润 │ 3469200.00│ 6617400.00│ 5571100.00│ 3206000.00│ 2523300.00│ 3079400.00│
│营业外收入 │ 4800.00│ 19300.00│ 8600.00│ 13600.00│ 14700.00│ 24800.00│
│营业外支出 │ 8700.00│ 29900.00│ 23400.00│ 19500.00│ 20400.00│ 24600.00│
│利润总额 │ 3465300.00│ 6606800.00│ 5556300.00│ 3200100.00│ 2517600.00│ 3079600.00│
│所得税 │ 299900.00│ 1066900.00│ 912200.00│ 409000.00│ -6400.00│ 317800.00│
│净利润 │ 3165400.00│ 5539900.00│ 4644100.00│ 2791100.00│ 2524000.00│ 2761800.00│
│归属母公司净利润 │ 3077500.00│ 5350500.00│ 4496000.00│ 2725700.00│ 2460900.00│ 2683400.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 21213600.00│ 9254700.00│ 43515600.00│ 34490400.00│ 20049600.00│ 9371700.00│
│已赚保费 │ ---│ ---│ ---│ ---│ ---│ ---│
│保险业务收入 │ ---│ ---│ ---│ ---│ ---│ ---│
│投资收益 │ 3363100.00│ 1192600.00│ 5265700.00│ 3922800.00│ 2167100.00│ 706400.00│
│营业支出 │ 17744400.00│ 8231200.00│ 36898200.00│ 28469400.00│ 16822400.00│ 8215100.00│
│退保金 │ ---│ ---│ ---│ ---│ ---│ ---│
│赔付支出 │ ---│ ---│ ---│ ---│ ---│ ---│
│保单红利支出 │ ---│ ---│ ---│ ---│ ---│ ---│
│业务及管理费 │ 344400.00│ 146500.00│ 701800.00│ 590000.00│ 346200.00│ 171100.00│
│资产减值损失 │ ---│ ---│ 2800.00│ ---│ ---│ ---│
│营业利润 │ 3469200.00│ 1023500.00│ 6617400.00│ 6021000.00│ 3227200.00│ 1156600.00│
│营业外收入 │ 4800.00│ 2500.00│ 19300.00│ 9100.00│ 3600.00│ 900.00│
│营业外支出 │ 8700.00│ 3700.00│ 29900.00│ 15500.00│ 4900.00│ 2100.00│
│利润总额 │ 3465300.00│ 1022300.00│ 6606800.00│ 6014600.00│ 3225900.00│ 1155400.00│
│所得税 │ 299900.00│ -14400.00│ 1066900.00│ 1302100.00│ 345300.00│ 154500.00│
│净利润 │ 3165400.00│ 1036700.00│ 5539900.00│ 4712500.00│ 2880600.00│ 1000900.00│
│归属母公司净利润 │ 3077500.00│ 1004100.00│ 5350500.00│ 4570000.00│ 2788500.00│ 962700.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 28274600.00│ 53291100.00│ 49096400.00│ 46141400.00│ 41792000.00│ 38262400.00│
│经营活动现金流出 │ 16766600.00│ 33738800.00│ 33656000.00│ 32355100.00│ 27000900.00│ 27421700.00│
│经营活动现金流量净额│ 11508000.00│ 19552300.00│ 15440400.00│ 13786300.00│ 14791100.00│ 10840700.00│
│投资活动现金流入 │ 37427100.00│ 73648300.00│ 79583400.00│ 63390100.00│ 57046300.00│ 48966900.00│
│投资活动现金流出 │ 41664500.00│ 92087000.00│100573400.00│ 79525800.00│ 73944600.00│ 55576300.00│
│投资活动现金流量净额│ -4237400.00│-18438700.00│-20990000.00│-16135700.00│-16898300.00│ -6609400.00│
│筹资活动现金流入 │ 1241500.00│ 7174500.00│ 8863000.00│ 3264500.00│ 5887700.00│ 1440100.00│
│筹资活动现金流出 │ 6427800.00│ 3505400.00│ 2729400.00│ 2935100.00│ 3039600.00│ 4577200.00│
│筹资活动现金流量净额│ -5186300.00│ 3669100.00│ 6133600.00│ 329400.00│ 2848100.00│ -3137100.00│
│汇率变动对现金的影响│ -129400.00│ -49400.00│ 9300.00│ 13100.00│ 77300.00│ -8200.00│
│现金及等价物净增加额│ 1954900.00│ 4733300.00│ 593300.00│ -2006900.00│ 818200.00│ 1086000.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 28274600.00│ 15092900.00│ 53291100.00│ 41817200.00│ 28515000.00│ 15406800.00│
│经营活动现金流出 │ 16766600.00│ 8966600.00│ 33738800.00│ 24877500.00│ 16464700.00│ 8951000.00│
│经营活动现金流量净额│ 11508000.00│ 6126300.00│ 19552300.00│ 16939700.00│ 12050300.00│ 6455800.00│
│投资活动现金流入 │ 37427100.00│ 17085500.00│ 73648300.00│ 57049300.00│ 40498300.00│ 30976900.00│
│投资活动现金流出 │ 41664500.00│ 21675700.00│ 92087000.00│ 72918100.00│ 50037200.00│ 37561200.00│
│投资活动现金流量净额│ -4237400.00│ -4590200.00│-18438700.00│-15868800.00│ -9538900.00│ -6584300.00│
│筹资活动现金流入 │ 1241500.00│ 409400.00│ 7174500.00│ 4021500.00│ 870000.00│ 2766300.00│
│筹资活动现金流出 │ 6427800.00│ 450000.00│ 3505400.00│ 3178200.00│ 625200.00│ 238100.00│
│筹资活动现金流量净额│ -5186300.00│ -40600.00│ 3669100.00│ 843300.00│ 244800.00│ 2528200.00│
│汇率变动对现金的影响│ -129400.00│ -74500.00│ -49400.00│ -17600.00│ -4300.00│ -1000.00│
│现金及等价物净增加额│ 1954900.00│ 1421000.00│ 4733300.00│ 1896600.00│ 2751900.00│ 2398700.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 9371700.00│ 21.54│ 962700.00│ 17.99│
│二季报 │ 10677900.00│ 24.54│ 1825800.00│ 34.12│
│三季报 │ 14440800.00│ 33.19│ 1781500.00│ 33.30│
│四季报 │ 9025200.00│ 20.74│ 780500.00│ 14.59│
└──────┴───────┴───────┴───────┴───────┘
┌──────┬───────┬───────┬───────┬───────┐
│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 │ 9542800.00│ 23.62│ 1175900.00│ 26.15│
│二季报 │ 9920600.00│ 24.55│ 1337300.00│ 29.74│
│三季报 │ 11593000.00│ 28.69│ 1317800.00│ 29.31│
│四季报 │ 9352500.00│ 23.14│ 665000.00│ 14.79│
└──────┴───────┴───────┴───────┴───────┘
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