New China Life Co H (NWWCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good afternoon. NCI 2025 Annual Results Announcement will officially start. Thank you for the investors, analysts, and friends from the media for your participation from online and offline platforms. I'm the host of the meeting. First, let me introduce the senior management participating in today's meeting. They are Chairman Ms. Yang Yucheng, Vice President Financial Principal, Mr. Gong Xinfeng. Vice President, Mr. Qian Hongbo. Vice President, Mr. Wang Yanwen. We also invited Mr. Chen Yijing, NCAAM president and NCAAM Hong Kong chairman to participate in the meeting. We also have the honor to invite the independent directors of the committee to participate online. This meeting is divided into two parts, the presentation and Q&A session. We will provide simultaneous interpretation. Let's move to the presentation part. Please welcome Ms. Yang Yucheng to introduce 2025 business performance of the company. Dear investors, analysts, and media friends, welcome to 2025 Annual Results Announcement of NCI. We thank you for your long-term support to our company. The year 2025 marks the final year of the 45-year plan, and it is also an extraordinary year for NCI. Facing a highly stressful and complex internal and external environment, all employees have worked hard throughout the year. Our business performance has reached new heights, building on a high base. Multiple core indicators such as total assets, gross return premium, EV net profit, share values, and total market value have all reached record highs, presenting the most outstanding performance since the company's establishment. The company's operation is characterized by excellent performance, optimal structure, rising value, stable returns, abundant vitality, and strong resilience. In 2025, the co...