财务分析☆ ◇601628 中国人寿 更新日期：2026-08-08◇ 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 │ 2026-03-31│ 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) │ 1950500.00│ 15407800.00│ 10693500.00│ 2111000.00│ 3208200.00│ 5092100.00│
│归母净利(调整后:万) │ ---│ ---│ 10693500.00│ 5118400.00│ 3208200.00│ 5076600.00│
│净利润增长率(%) │ -32.28│ 44.09│ 108.92│ -34.20│ -36.80│ 1.32│
│扣非净利润(万) │ 1953400.00│ 15427800.00│ 10712200.00│ 2128500.00│ 3217500.00│ 5118600.00│
│营业总收(未调整:万) │ 9329100.00│ 61567800.00│ 52856700.00│ 83785900.00│ 82605500.00│ 85850500.00│
│营业总收(调整后:万) │ ---│ ---│ 52856700.00│ 40504000.00│ 82605500.00│ 85850800.00│
│总营收同比增长率(%) │ -15.33│ 16.48│ 30.50│ 1.43│ -3.78│ 4.06│
│加权净资产收益率(%) │ 3.27│ 27.81│ 21.59│ 4.71│ 7.01│ 10.97│
│资产负债比率(%) │ 92.07│ 91.99│ 92.30│ 92.02│ 91.52│ 90.05│
│净利润现金含量(%) │ 899.42│ 298.50│ 354.23│ 1839.09│ 1097.09│ 562.53│
│基本每股收益(元) │ 0.6900│ 5.4500│ 3.7800│ 1.8100│ 1.1400│ 1.8000│
│每股收益-扣除(元) │ 0.6911│ 5.4600│ 3.7900│ 0.7500│ 1.1400│ 1.8100│
│每股收益-摊薄(元) │ 0.6901│ 5.4512│ 3.7833│ 0.7469│ 1.1350│ 1.8016│
│每股资本公积金(元) │ 1.9293│ 1.9292│ 1.9161│ 1.9082│ 1.8947│ 1.9212│
│每股未分配利润(元) │ 17.8246│ 17.1804│ 12.8207│ 7.1230│ 7.1356│ 7.1206│
│每股净资产(元) │ 21.1661│ 21.0600│ 18.0300│ 16.2800│ 15.4300│ 16.9300│
│每股经营现金流量(元)│ 6.2067│ 16.2700│ 13.4000│ 13.7400│ 12.4500│ 10.1300│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│审计意见 │ 未经审计│ 无保留意见│ 未经审计│ 未经审计│ 未经审计│ 无保留意见│
│归母净利(未调整:万) │ 1950500.00│ 15407800.00│ 16780400.00│ 4093100.00│ 2880200.00│ 10693500.00│
│归母净利(调整后:万) │ ---│ ---│ ---│ ---│ 2880200.00│ 10693500.00│
│净利润增长率(%) │ -32.28│ 44.09│ 60.54│ 6.93│ 39.52│ 108.92│
│扣非净利润(万) │ 1953400.00│ 15427800.00│ 16795300.00│ 4100800.00│ 2885900.00│ 10712200.00│
│营业总收(未调整:万) │ 9329100.00│ 61567800.00│ 53789500.00│ 23923500.00│ 11017700.00│ 52856700.00│
│营业总收(调整后:万) │ ---│ ---│ ---│ ---│ 11017700.00│ 52856700.00│
│总营收同比增长率(%) │ -15.33│ 16.48│ 25.92│ 2.14│ -8.92│ 30.50│
│加权净资产收益率(%) │ 3.27│ 27.81│ 29.27│ 7.83│ 5.53│ 21.59│
│资产负债比率(%) │ 92.07│ 91.99│ 91.39│ 92.66│ 92.19│ 92.30│
│净利润现金含量(%) │ 899.42│ 298.50│ 238.20│ 734.02│ 668.46│ 354.23│
│基本每股收益(元) │ 0.6900│ 5.4500│ 5.9400│ 1.4500│ 1.0200│ 3.7800│
│每股收益-扣除(元) │ 0.6911│ 5.4600│ 5.9421│ 1.4508│ 1.0210│ 3.7900│
│每股收益-摊薄(元) │ 0.6901│ 5.4512│ 5.9368│ 1.4481│ 1.0190│ 3.7833│
│每股资本公积金(元) │ 1.9293│ 1.9292│ 1.9292│ 1.9289│ 1.9177│ 1.9161│
│每股未分配利润(元) │ 17.8246│ 17.1804│ 18.1730│ 13.8711│ 13.8427│ 12.8207│
│每股净资产(元) │ 21.1661│ 21.0600│ 22.1414│ 18.5300│ 18.8398│ 18.0300│
│每股经营现金流量(元)│ 6.2067│ 16.2700│ 14.1415│ 10.6300│ 6.8117│ 13.4000│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【2.偿债能力指标】
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-03-31│ 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(%) │ 92.07│ 91.99│ 92.30│ 92.02│ 91.52│ 90.05│
│产权比率 │ 11.87│ 11.73│ 12.26│ 11.78│ 11.02│ 9.20│
│现金流比率(短期债务)% │ ---│ ---│ ---│ ---│ ---│ ---│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ ---│ ---│ ---│ ---│ ---│ ---│
│速动比率 │ ---│ ---│ ---│ ---│ ---│ ---│
│资产负债比率(%) │ 92.07│ 91.99│ 91.39│ 92.66│ 92.19│ 92.30│
│产权比率 │ 11.87│ 11.73│ 10.83│ 12.90│ 12.08│ 12.26│
│现金流比率(短期债务)% │ ---│ ---│ ---│ ---│ ---│ ---│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
【3.营运能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-03-31│ 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 │ 1.90│ 12.73│ 11.02│ 17.25│ 17.01│ 19.67│
│总资产周转率 │ 0.01│ 0.09│ 0.09│ 0.15│ 0.16│ 0.19│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│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 │ 1.90│ 12.73│ 11.26│ 4.98│ 2.28│ 11.02│
│总资产周转率 │ 0.01│ 0.09│ 0.08│ 0.03│ 0.02│ 0.09│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【4.盈利能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 3.26│ 25.89│ 20.98│ 4.59│ 7.36│ 10.64│
│销售毛利率 │ ---│ ---│ ---│ ---│ ---│ ---│
│营业利润率 │ 20.93│ 29.56│ 21.87│ 1.46│ 2.95│ 5.94│
│销售净利率 │ 21.52│ 25.43│ 20.61│ 2.70│ 4.06│ 6.11│
│总资产净利率 │ 0.26│ 2.18│ 1.75│ 0.41│ 0.66│ 1.15│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 3.26│ 25.89│ 26.81│ 7.82│ 5.41│ 20.98│
│销售毛利率 │ ---│ ---│ ---│ ---│ ---│ ---│
│营业利润率 │ 20.93│ 29.56│ 38.10│ 17.77│ 29.65│ 21.87│
│销售净利率 │ 21.52│ 25.43│ 31.56│ 17.54│ 26.57│ 20.61│
│总资产净利率 │ 0.26│ 2.18│ 2.39│ 0.60│ 0.43│ 1.75│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【5.成长能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ -15.33│ 16.48│ 30.50│ 1.43│ -3.78│ 4.06│
│营业利润增长率 │ -40.22│ 57.44│ 120.82│ -49.80│ -52.03│ -7.14│
│净利润增长率 │ -32.28│ 44.09│ 108.92│ -34.20│ -36.80│ 1.32│
│净资产增长率 │ 0.51│ 16.78│ 55.49│ 5.49│ -8.95│ 6.34│
│总资产增长率 │ 1.63│ 12.13│ 19.74│ 12.12│ 7.35│ 15.02│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ -15.33│ 16.48│ 25.92│ 2.14│ -8.92│ 30.50│
│营业利润增长率 │ -40.22│ 57.44│ 65.42│ -11.56│ 21.59│ 120.82│
│净利润增长率 │ -32.28│ 44.09│ 60.54│ 6.93│ 39.52│ 108.92│
│净资产增长率 │ 0.51│ 16.78│ 22.79│ 2.74│ 4.48│ 55.49│
│总资产增长率 │ 1.63│ 12.13│ 9.58│ 7.72│ 3.06│ 19.74│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【6.保险专项指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│ 2020-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│内含价值(元) │ 14678.76亿│ 14011.46亿│ 12605.67亿│ 12305.19亿│ 12030.08亿│ 10721.40亿│
│经调整后净资产价值( │ 9366.73亿│ 8978.31亿│ 6757.60亿│ 6826.94亿│ 6743.17亿│ 5685.87亿│
│元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 6425.14亿│ 5971.26亿│ 6488.48亿│ 6200.53亿│ 5931.37亿│ 5657.97亿│
│本前(元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 5312.03亿│ 5033.15亿│ 5848.07亿│ 5478.25亿│ 5286.91亿│ 5035.53亿│
│本后(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 529.50亿│ 395.87亿│ 451.84亿│ 432.78亿│ 504.74亿│ 643.54亿│
│成本前(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 457.52亿│ 337.09亿│ 368.60亿│ 360.04亿│ 447.80亿│ 583.73亿│
│成本后(元) │ │ │ │ │ │ │
│核心资本(元) │ 7772.91亿│ 7674.46亿│ 7105.27亿│ 6996.88亿│ 10207.56亿│ 10319.47亿│
│实际资本(元) │ 10503.58亿│ 10398.21亿│ 9815.94亿│ 10076.01亿│ 10557.68亿│ 10669.39亿│
│最低资本(元) │ 6036.24亿│ 5004.89亿│ 4491.60亿│ 4872.90亿│ 4023.41亿│ 3967.49亿│
│核心偿付能力充足率% │ 128.77│ 153.34│ 158.19│ 143.59│ 253.70│ 260.10│
│综合偿付能力充足率% │ 174.01│ 207.76│ 218.54│ 206.78│ 262.41│ 268.92│
│寿险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│寿险收入(元) │ 7298.87亿│ 6714.57亿│ 6413.80亿│ 6151.90亿│ 6183.27亿│ 6122.65亿│
│寿险退保率% │ 0.95│ 1.01│ 1.11│ 0.95│ 1.20│ 1.09│
│产险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险收入(元) │ ---│ ---│ ---│ ---│ ---│ ---│
│产险综合成本率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险综合赔付率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险业务净投资收益率│ ---│ 3.47│ 3.77│ 4.00│ 4.38│ 4.34│
│% │ │ │ │ │ │ │
│产险业务总投资收益率│ 6.09│ 5.50│ 2.68│ 3.94│ 4.98│ 5.30│
│% │ │ │ │ │ │ │
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2025-12-31│ 2025-06-30│ 2024-12-31│ 2024-06-30│ 2023-12-31│ 2023-06-30│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│内含价值(元) │ 14678.76亿│ 14778.27亿│ 14011.46亿│ 14045.36亿│ 12605.67亿│ 13116.69亿│
│经调整后净资产价值( │ 9366.73亿│ 9492.00亿│ 8978.31亿│ 7867.62亿│ 6757.60亿│ 7334.78亿│
│元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 6425.14亿│ 6292.53亿│ 5971.26亿│ 6859.15亿│ 6488.48亿│ 6568.06亿│
│本前(元) │ │ │ │ │ │ │
│有效业务价值_扣除成 │ 5312.03亿│ 5286.27亿│ 5033.15亿│ 6177.74亿│ 5848.07亿│ 5781.92亿│
│本后(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 529.50亿│ 311.84亿│ 395.87亿│ 364.18亿│ 451.84亿│ 397.30亿│
│成本前(元) │ │ │ │ │ │ │
│一年新业务价值_扣除 │ 457.52亿│ 285.46亿│ 337.09亿│ 322.62亿│ 368.60亿│ 308.64亿│
│成本后(元) │ │ │ │ │ │ │
│核心资本(元) │ 7772.91亿│ 7493.72亿│ 7674.46亿│ 7282.37亿│ 7105.27亿│ 7095.23亿│
│实际资本(元) │ 10503.58亿│ 10254.32亿│ 10398.21亿│ 9839.43亿│ 9815.94亿│ 10318.18亿│
│最低资本(元) │ 6036.24亿│ 5370.44亿│ 5004.89亿│ 4794.33亿│ 4491.60亿│ 5052.33亿│
│核心偿付能力充足率% │ 128.77│ 140.00│ 153.34│ 151.90│ 158.19│ 140.43│
│综合偿付能力充足率% │ 174.01│ 191.00│ 207.76│ 205.23│ 218.54│ 204.23│
│寿险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│寿险收入(元) │ 7298.87亿│ 5250.88亿│ 6714.57亿│ 4895.66亿│ 6413.80亿│ 4701.15亿│
│寿险退保率% │ 0.95│ 0.52│ 1.01│ 0.48│ 1.11│ 0.65│
│产险市场占有率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险收入(元) │ ---│ ---│ ---│ ---│ ---│ ---│
│产险综合成本率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险综合赔付率% │ ---│ ---│ ---│ ---│ ---│ ---│
│产险业务净投资收益率│ ---│ 2.78│ 3.47│ 3.03│ 3.77│ 3.78│
│% │ │ │ │ │ │ │
│产险业务总投资收益率│ 6.09│ 3.29│ 5.50│ 3.59│ 2.68│ 3.41│
│% │ │ │ │ │ │ │
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【7.指标变动说明】
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 │2026年一季度，公│ 1946600.00│ 3258700.00│ -40.26│
│ │司不断深化资产负│ │ │ │
│ │债联动，积极兼顾│ │ │ │
│ │长期价值与短期效│ │ │ │
│ │益，持续提升经营│ │ │ │
│ │韧性，受2025年同│ │ │ │
│ │期基数较高，且报│ │ │ │
│ │告期末时点部分权│ │ │ │
│ │益投资市值波动等│ │ │ │
│ │影响 │ │ │ │
│归属于母公司│2026年一季度，公│ 1950500.00│ 2880200.00│ -32.28│
│股东的净利润│司不断深化资产负│ │ │ │
│ │债联动，积极兼顾│ │ │ │
│ │长期价值与短期效│ │ │ │
│ │益，持续提升经营│ │ │ │
│ │韧性，受2025年同│ │ │ │
│ │期基数较高，且报│ │ │ │
│ │告期末时点部分权│ │ │ │
│ │益投资市值波动等│ │ │ │
│ │影响 │ │ │ │
│扣除非经常性│2026年一季度，公│ 1953400.00│ 2885900.00│ -32.31│
│损益后归属于│司不断深化资产负│ │ │ │
│母公司股东的│债联动，积极兼顾│ │ │ │
│净利润 │长期价值与短期效│ │ │ │
│ │益，持续提升经营│ │ │ │
│ │韧性，受2025年同│ │ │ │
│ │期基数较高，且报│ │ │ │
│ │告期末时点部分权│ │ │ │
│ │益投资市值波动等│ │ │ │
│ │影响 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
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│公司业务规模增加│ 45992500.00│ 37879500.00│ 21.42│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│投资活动产生│投资管理的需要 │-54736800.00│ -35462000.00│ -54.35│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│筹资活动产生│流动性管理的需要│ 14434100.00│ -8675900.00│ 266.37│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│汇率变动对现│--- │ -3000.00│ 2800.00│ -207.14│
│金及现金等价│ │ │ │ │
│物的影响 │ │ │ │ │
│现金及现金等│--- │ 5686800.00│ -6255600.00│ 190.91│
│价物净增加（│ │ │ │ │
│/减少）额 │ │ │ │ │
│货币资金 │流动性管理的需要│ 14331900.00│ 8651900.00│ 65.65│
│其他权益工具│投资资产规模增加│ 31787600.00│ 17181700.00│ 85.01│
│投资 │ │ │ │ │
│交易性金融负│子公司开展商业养│ 8201000.00│ 5352100.00│ 53.23│
│债 │老保险业务 │ │ │ │
│卖出回购金融│流动性管理的需要│ 33186300.00│ 15156400.00│ 118.96│
│资产款 │ │ │ │ │
│其他综合收益│受金融资产公允价│-18533500.00│ -13196900.00│ -40.44│
│ │值变动和保险合同│ │ │ │
│ │金融变动额的综合│ │ │ │
│ │影响 │ │ │ │
│投资收益 │投资资产规模增加│ 19845700.00│ 7037800.00│ 181.99│
│ │及主动投资操作 │ │ │ │
│公允价值变动│交易性金融资产市│ 6330700.00│ 11816000.00│ -46.42│
│损益 │值波动及主动投资│ │ │ │
│ │操作 │ │ │ │
│所得税费用 │受应纳所得税额和│ 2507700.00│ 627300.00│ 299.76│
│ │递延所得税的综合│ │ │ │
│ │影响 │ │ │ │
│归属于母公司│公司持续深化资产│ 15407800.00│ 10693500.00│ 44.09│
│股东的净利润│负债联动，深入推│ │ │ │
│ │进产品和业务多元│ │ │ │
│ │，科学管控负债成│ │ │ │
│ │本，持续提升投入│ │ │ │
│ │产出效能，同时动│ │ │ │
│ │态优化大类资产配│ │ │ │
│ │置，投资收益大幅│ │ │ │
│ │提高 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
【8.资产负债表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 13768800.00│ 14331900.00│ 8651900.00│ 14956600.00│ 12895300.00│ 6087500.00│
│公允计量的金融资产 │201582700.00│206728800.00│190809800.00│ 25387900.00│ 22378200.00│ 20676400.00│
│衍生金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│应收保费 │ ---│ ---│ ---│ 2152100.00│ 1969700.00│ 2036100.00│
│定期存款 │ 44282200.00│ 41868800.00│ 43845500.00│ 40413100.00│ 48556700.00│ 52948800.00│
│债权投资 │ 16689500.00│ 17399200.00│ 19675400.00│ ---│ ---│ ---│
│固定资产 │ 4915800.00│ 4889000.00│ 4784500.00│ 4811200.00│ 4905200.00│ 4684700.00│
│商誉 │ ---│ ---│ ---│ ---│ ---│ ---│
│资产总计 │771507400.00│759100400.00│676954600.00│588847900.00│525198400.00│489108500.00│
│短期借款 │ 600.00│ 600.00│ 6500.00│ ---│ ---│ 147600.00│
│公允计量的金融负债 │ 9175500.00│ 8201000.00│ 5352100.00│ 546900.00│ 334400.00│ 341600.00│
│衍生金融负债 │ ---│ ---│ ---│ ---│ ---│ ---│
│卖出回购金融资产款 │ 23895600.00│ 33186300.00│ 15156400.00│ 21670400.00│ 14895400.00│ 23944600.00│
│预收保费 │ 262300.00│ 4822700.00│ 2876000.00│ 4981800.00│ 5083000.00│ 4869900.00│
│应付分保账款 │ ---│ ---│ ---│ 74800.00│ 99800.00│ 80800.00│
│应付赔付款 │ ---│ ---│ ---│ 6659200.00│ 6081900.00│ 5681800.00│
│应付保单红利 │ ---│ ---│ ---│ 9523300.00│ 9668200.00│ 12494900.00│
│负债合计 │710308700.00│698261100.00│624829800.00│541843700.00│480686300.00│440442700.00│
│实收资本(或股本) │ 2826500.00│ 2826500.00│ 2826500.00│ 2826500.00│ 2826500.00│ 2826500.00│
│资本公积 │ 5453200.00│ 5452800.00│ 5415800.00│ 5393400.00│ 5355400.00│ 5430400.00│
│盈余公积 │ 12247900.00│ 12247900.00│ 12247900.00│ 11084500.00│ 10516000.00│ 9613200.00│
│未分配利润 │ 50381100.00│ 48560300.00│ 36237700.00│ 20133100.00│ 20168800.00│ 20126500.00│
│归属于母公司所有者权│ 59826000.00│ 59520500.00│ 50967500.00│ 46011000.00│ 43616900.00│ 47858500.00│
│益合计 │ │ │ │ │ │ │
│少数股东权益 │ 1372700.00│ 1318800.00│ 1157300.00│ 993200.00│ 895200.00│ 807300.00│
│股东权益合计 │ 61198700.00│ 60839300.00│ 52124800.00│ 47004200.00│ 44512100.00│ 48665800.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 13768800.00│ 14331900.00│ 9695300.00│ 12093400.00│ 10184200.00│ 8651900.00│
│公允计量的金融资产 │201582700.00│206728800.00│212792400.00│194920500.00│195244400.00│190809800.00│
│衍生金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│应收保费 │ ---│ ---│ ---│ ---│ ---│ ---│
│定期存款 │ 44282200.00│ 41868800.00│ 45273200.00│ 45723400.00│ 44618900.00│ 43845500.00│
│债权投资 │ 16689500.00│ 17399200.00│ 18303700.00│ 19122400.00│ 18321600.00│ 19675400.00│
│固定资产 │ 4915800.00│ 4889000.00│ 4770600.00│ 4820500.00│ 4869000.00│ 4784500.00│
│商誉 │ ---│ ---│ ---│ ---│ ---│ ---│
│资产总计 │771507400.00│759100400.00│741798100.00│729235500.00│697639000.00│676954600.00│
│短期借款 │ 600.00│ 600.00│ ---│ ---│ 6900.00│ 6500.00│
│公允计量的金融负债 │ 9175500.00│ 8201000.00│ 7437400.00│ 6991500.00│ 6218900.00│ 5352100.00│
│衍生金融负债 │ ---│ ---│ ---│ ---│ ---│ ---│
│卖出回购金融资产款 │ 23895600.00│ 33186300.00│ 19833300.00│ 20978500.00│ 18234200.00│ 15156400.00│
│预收保费 │ 262300.00│ 4822700.00│ 169400.00│ 313400.00│ 240700.00│ 2876000.00│
│应付分保账款 │ ---│ ---│ ---│ ---│ ---│ ---│
│应付赔付款 │ ---│ ---│ ---│ ---│ ---│ ---│
│应付保单红利 │ ---│ ---│ ---│ ---│ ---│ ---│
│负债合计 │710308700.00│698261100.00│677929900.00│675675600.00│643183600.00│624829800.00│
│实收资本(或股本) │ 2826500.00│ 2826500.00│ 2826500.00│ 2826500.00│ 2826500.00│ 2826500.00│
│资本公积 │ 5453200.00│ 5452800.00│ 5452900.00│ 5452000.00│ 5420400.00│ 5415800.00│
│盈余公积 │ 12247900.00│ 12247900.00│ 12247900.00│ 12247900.00│ 12247900.00│ 12247900.00│
│未分配利润 │ 50381100.00│ 48560300.00│ 51365900.00│ 39206800.00│ 39126400.00│ 36237700.00│
│归属于母公司所有者权│ 59826000.00│ 59520500.00│ 62582800.00│ 52361900.00│ 53250700.00│ 50967500.00│
│益合计 │ │ │ │ │ │ │
│少数股东权益 │ 1372700.00│ 1318800.00│ 1285400.00│ 1198000.00│ 1204700.00│ 1157300.00│
│股东权益合计 │ 61198700.00│ 60839300.00│ 63868200.00│ 53559900.00│ 54455400.00│ 52124800.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【9.利润表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 9329100.00│ 61567800.00│ 52856700.00│ 83785900.00│ 82605500.00│ 85850500.00│
│已赚保费 │ ---│ ---│ ---│ 63214100.00│ 60782500.00│ 61125100.00│
│保险业务收入 │ ---│ ---│ ---│ 64138000.00│ 61519000.00│ 61832700.00│
│投资收益 │ 4550700.00│ 19845700.00│ 7037800.00│ 19062700.00│ 21777500.00│ 24181400.00│
│营业支出 │ 7376100.00│ 43368000.00│ 41296700.00│ 82561800.00│ 80167200.00│ 80752400.00│
│退保金 │ ---│ ---│ ---│ 4874000.00│ 3712200.00│ 4158000.00│
│赔付支出 │ ---│ ---│ ---│ 17481900.00│ 14068300.00│ 13650200.00│
│保单红利支出 │ ---│ ---│ ---│ 1169500.00│ 2068500.00│ 2651100.00│
│业务及管理费 │ 168900.00│ 810700.00│ 737800.00│ 4107600.00│ 4221300.00│ 4296700.00│
│资产减值损失 │ ---│ 327500.00│ 161100.00│ 5300100.00│ 2139600.00│ 2280900.00│
│营业利润 │ 1953000.00│ 18199800.00│ 11560000.00│ 1224100.00│ 2438300.00│ 5098100.00│
│营业外收入 │ 700.00│ 4700.00│ 3500.00│ 9400.00│ 10800.00│ 11900.00│
│营业外支出 │ 7100.00│ 41600.00│ 42200.00│ 45700.00│ 44400.00│ 60500.00│
│利润总额 │ 1946600.00│ 18162900.00│ 11521300.00│ 1187800.00│ 2404700.00│ 5049500.00│
│所得税 │ -60800.00│ 2507700.00│ 627300.00│ -1075500.00│ -946700.00│ -191700.00│
│净利润 │ 2007400.00│ 15655200.00│ 10894000.00│ 2263300.00│ 3351400.00│ 5241200.00│
│归属母公司净利润 │ 1950500.00│ 15407800.00│ 10693500.00│ 2111000.00│ 3208200.00│ 5092100.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 9329100.00│ 61567800.00│ 53789500.00│ 23923500.00│ 11017700.00│ 52856700.00│
│已赚保费 │ ---│ ---│ ---│ ---│ ---│ ---│
│保险业务收入 │ ---│ ---│ ---│ ---│ ---│ ---│
│投资收益 │ 4550700.00│ 19845700.00│ 13707500.00│ 6367700.00│ 2517900.00│ 7037800.00│
│营业支出 │ 7376100.00│ 43368000.00│ 33294100.00│ 19672400.00│ 7750800.00│ 41296700.00│
│退保金 │ ---│ ---│ ---│ ---│ ---│ ---│
│赔付支出 │ ---│ ---│ ---│ ---│ ---│ ---│
│保单红利支出 │ ---│ ---│ ---│ ---│ ---│ ---│
│业务及管理费 │ 168900.00│ 810700.00│ 545000.00│ 364900.00│ 161000.00│ 737800.00│
│资产减值损失 │ ---│ 327500.00│ ---│ ---│ ---│ 161100.00│
│营业利润 │ 1953000.00│ 18199800.00│ 20495400.00│ 4251100.00│ 3266900.00│ 11560000.00│
│营业外收入 │ 700.00│ 4700.00│ 2500.00│ 1900.00│ 1000.00│ 3500.00│
│营业外支出 │ 7100.00│ 41600.00│ 26400.00│ 15900.00│ 9200.00│ 42200.00│
│利润总额 │ 1946600.00│ 18162900.00│ 20471500.00│ 4237100.00│ 3258700.00│ 11521300.00│
│所得税 │ -60800.00│ 2507700.00│ 3493500.00│ 41500.00│ 331400.00│ 627300.00│
│净利润 │ 2007400.00│ 15655200.00│ 16978000.00│ 4195600.00│ 2927300.00│ 10894000.00│
│归属母公司净利润 │ 1950500.00│ 15407800.00│ 16780400.00│ 4093100.00│ 2880200.00│ 10693500.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【10.现金流量表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 42440100.00│ 97825900.00│ 82553100.00│ 74532700.00│ 68638500.00│ 64386300.00│
│经营活动现金流出 │ 24897000.00│ 51833400.00│ 44673600.00│ 35709500.00│ 33441700.00│ 35741500.00│
│经营活动现金流量净额│ 17543100.00│ 45992500.00│ 37879500.00│ 38823200.00│ 35196800.00│ 28644800.00│
│投资活动现金流入 │ 86001300.00│281005100.00│242242900.00│141794300.00│135282900.00│ 86922000.00│
│投资活动现金流出 │ 95326400.00│335741900.00│277704900.00│184604500.00│151778400.00│126295100.00│
│投资活动现金流量净额│ -9325100.00│-54736800.00│-35462000.00│-42810200.00│-16495500.00│-39373100.00│
│筹资活动现金流入 │ 579300.00│ 18479900.00│ 4224300.00│ 8595700.00│ 658400.00│ 14006100.00│
│筹资活动现金流出 │ 9368500.00│ 4045800.00│ 12900200.00│ 2568400.00│ 12667900.00│ 2892200.00│
│筹资活动现金流量净额│ -8789200.00│ 14434100.00│ -8675900.00│ 6027300.00│-12009500.00│ 11113900.00│
│汇率变动对现金的影响│ -3900.00│ -3000.00│ 2800.00│ 6400.00│ 21700.00│ -7100.00│
│现金及等价物净增加额│ -575100.00│ 5686800.00│ -6255600.00│ 2046700.00│ 6713500.00│ 378500.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 42440100.00│ 97825900.00│ 80975100.00│ 59166000.00│ 37720900.00│ 82553100.00│
│经营活动现金流出 │ 24897000.00│ 51833400.00│ 41004100.00│ 29121800.00│ 18467900.00│ 44673600.00│
│经营活动现金流量净额│ 17543100.00│ 45992500.00│ 39971000.00│ 30044200.00│ 19253000.00│ 37879500.00│
│投资活动现金流入 │ 86001300.00│281005100.00│211196500.00│110817900.00│ 59171600.00│242242900.00│
│投资活动现金流出 │ 95326400.00│335741900.00│251020500.00│140921100.00│ 78192300.00│277704900.00│
│投资活动现金流量净额│ -9325100.00│-54736800.00│-39824000.00│-30103200.00│-19020700.00│-35462000.00│
│筹资活动现金流入 │ 579300.00│ 18479900.00│ 4597400.00│ 5827000.00│ 3091100.00│ 4224300.00│
│筹资活动现金流出 │ 9368500.00│ 4045800.00│ 3711900.00│ 2355100.00│ 1794500.00│ 12900200.00│
│筹资活动现金流量净额│ -8789200.00│ 14434100.00│ 885500.00│ 3471900.00│ 1296600.00│ -8675900.00│
│汇率变动对现金的影响│ -3900.00│ -3000.00│ 6600.00│ 900.00│ 5700.00│ 2800.00│
│现金及等价物净增加额│ -575100.00│ 5686800.00│ 1039100.00│ 3413800.00│ 1534600.00│ -6255600.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 11017700.00│ 17.90│ 2880200.00│ 18.69│
│二季报 │ 12905800.00│ 20.96│ 1212900.00│ 7.87│
│三季报 │ 29866000.00│ 48.51│ 12687300.00│ 82.34│
│四季报 │ 7778300.00│ 12.63│ -1372600.00│ -8.91│
└──────┴───────┴───────┴───────┴───────┘
┌──────┬───────┬───────┬───────┬───────┐
│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 │ 12097000.00│ 22.89│ 2064400.00│ 19.31│
│二季报 │ 11324600.00│ 21.43│ 1763400.00│ 16.49│
│三季报 │ 19296400.00│ 36.51│ 6624500.00│ 61.95│
│四季报 │ 10138700.00│ 19.18│ 241200.00│ 2.26│
└──────┴───────┴───────┴───────┴───────┘
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