Summary by Moomoo AI
China Life's Board of Directors convened on 27 March 2024 to review the 2023 Annual Report. The report showed that the company achieved sales revenue of $8378.59 billion in 2023, an increase of 1.4% year-on-year; net profit of $211.1 billion, down 34.2% year-on-year. The Company proposes to withdraw any surplus from 10% of its 2023 net profit and intends to distribute a cash dividend of RMB0.43 per share to all shareholders. In addition, the company's insurance business revenue reached $6413.80 billion, up 4.3% year-on-year, and premium size reached an all-time high. The company's invested assets amounted to $56,733.71 million, an increase of 12.0% year-on-year. During the reporting period, the net cash flow generated by operating activities was $3882.32 million, the net cash flow generated...Show More