China Life Insurance Company Limited (HKG:2628)
Hong Kong · Delayed Price · Currency is HKD 23.16
-0.68 (-2.85%)
Nov 13, 2026, 4:08 PM HKT
HKG:2628 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 75,704 | 154,078 | 106,935 | 51,184 | 66,680 | 50,766 |
Depreciation & Amortization | 4,892 | 4,892 | 5,029 | 5,016 | - | 4,939 |
Other Amortization | - | - | - | - | - | 389 |
Gain (Loss) on Sale of Assets | -52 | -52 | -84 | -66 | - | 1,323 |
Gain (Loss) on Sale of Investments | -62,507 | -62,507 | -117,750 | 50,555 | - | 26,638 |
Change in Accounts Receivable | -599 | -599 | 24 | -7,863 | - | 3,627 |
Change in Deferred Taxes | 22,943 | 22,943 | 4,707 | -1,960 | - | -6,741 |
Change in Insurance Reserves / Liabilities | 644,623 | 644,623 | 580,024 | 460,002 | - | - |
Change in Other Net Operating Assets | 13,692 | 13,692 | -15,978 | 11,202 | - | 22,090 |
Other Operating Activities | -244,688 | -318,342 | -184,121 | -168,491 | 278,604 | 227,854 |
Operating Cash Flow | 455,205 | 459,925 | 378,795 | 384,366 | 345,284 | 286,446 |
Operating Cash Flow Growth | 5.39% | 21.42% | -1.45% | 11.32% | 20.54% | -5.78% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -5,854 | -3,056 | -3,979 | -4,171 | -3,076 | -5,583 |
Sale of Property, Plant & Equipment | 364 | 290 | 261 | 1,051 | 363 | 341 |
Cash Acquisitions | -21,284 | -14,158 | -13,724 | -34,043 | -34,743 | -35,923 |
Investment in Securities | -688,489 | -783,992 | -535,951 | -566,072 | -301,220 | -492,242 |
Other Investing Activities | 231,674 | 196,128 | 190,109 | 178,999 | 176,010 | 174,488 |
Investing Cash Flow | -416,996 | -547,368 | -354,620 | -424,236 | -158,271 | -393,839 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | 67,129 | - | 117,211 |
Long-Term Debt Issued | - | 56 | 35,065 | 43 | 688 | 116 |
Total Debt Issued | -45,825 | 56 | 35,065 | 67,172 | 688 | 117,327 |
Total Debt Repaid | -139,821 | -13,856 | -102,087 | -1,726 | -98,986 | -1,528 |
Lease Payments | -988 | -988 | -1,074 | -1,149 | - | -1,517 |
Net Debt Issued (Repaid) | -185,646 | -13,800 | -67,022 | 65,446 | -98,298 | 115,799 |
Common Dividends Paid | -32,098 | -26,602 | -26,915 | -22,189 | -26,386 | -26,680 |
Other Financing Activities | 204,083 | 184,743 | 7,178 | 17,016 | 4,589 | 22,100 |
Financing Cash Flow | -13,661 | 144,341 | -86,759 | 60,273 | -120,095 | 111,219 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -183 | -30 | 28 | 64 | 217 | -71 |
Net Cash Flow | 24,365 | 56,868 | -62,556 | 20,467 | 67,135 | 3,755 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 449,351 | 456,869 | 374,816 | 380,195 | 342,208 | 280,863 |
Free Cash Flow Growth | 5.40% | 21.89% | -1.42% | 11.10% | 21.84% | -5.29% |
Free Cash Flow Margin | 177.55% | 129.84% | 119.20% | 173.31% | 144.63% | 35.34% |
Free Cash Flow Per Share | 15.88 | 16.16 | 13.26 | 13.45 | 12.11 | 9.94 |
Levered Free Cash Flow | 221,710 | 518,147 | -756,982 | 4,857,433 | -73,671 | -13,297 |
Unlevered Free Cash Flow | 224,365 | 520,745 | -754,357 | 4,857,433 | -73,671 | -13,297 |
Free Cash Flow After Leases | 448,363 | 455,881 | 373,742 | 379,046 | 342,208 | 279,346 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | - | - | - | - | - | 12,714 |
Cash Income Tax Paid | 13,085 | 12,866 | 6,521 | 5,779 | 6,225 | 12,078 |
Change in Working Capital | 680,659 | 680,659 | 568,777 | 447,604 | - | -25,551 |