New China Life Insurance Company Ltd. (NCI) expects a sharp earnings rebound in the first half of 2026, projecting net profit attributable to shareholders of RMB20.72 billion–RMB23.68 billion. The preliminary range implies an increase of RMB5.92 billion–RMB8.88 billion, or 40%–60%, versus the RMB14.80 billion posted a year earlier.

Net profit after deducting non-recurring items is set to reach RMB20.79 billion–RMB23.76 billion, also 40%–60% higher than the RMB14.85 billion recorded in the first six months of 2025. For reference, basic and diluted earnings per share in the prior-year period were RMB4.74. All figures remain unaudited pending release of the full interim report.

Management attributes the projected improvement to ongoing “inward-focused and high-quality” development initiatives. Key factors cited include: • Intensified focus on core life-insurance operations and deeper market-oriented reforms. • Expansion of the “insurance + service + investment” model, strengthening customer-centric service capabilities across medical care, health and elderly care ecosystems. • Enhanced investment and research functions, resulting in optimised asset allocation and strong investment returns, particularly from increased support for technology-driven enterprises aligned with national strategic priorities.

The company reports no material uncertainties that could affect the earnings outlook. Final, audited results will be released in NCI’s 2026 interim report. Investors are advised to monitor subsequent disclosures and exercise caution when dealing in the company’s shares.