China Life Insurance Company Limited

XSSC:601628 Stock Report

Market Cap: CN¥975.3b

China Life Insurance Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Mingguang Li

Chief executive officer

CN¥552.2k

Total compensation

CEO salary percentage75.6%
CEO tenure1.3yrs
CEO ownershipn/a
Management average tenure2yrs
Board average tenureless than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mingguang Li's remuneration changed compared to China Life Insurance's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CN¥87b

Jun 30 2024n/an/a

CN¥25b

Mar 31 2024n/an/a

CN¥19b

Dec 31 2023CN¥552kCN¥418k

CN¥21b

Sep 30 2023n/an/a

CN¥39b

Jun 30 2023n/an/a

CN¥41b

Mar 31 2023n/an/a

CN¥40b

Dec 31 2022CN¥2mCN¥1m

CN¥32b

Sep 30 2022n/an/a

CN¥33b

Jun 30 2022n/an/a

CN¥35b

Mar 31 2022n/an/a

CN¥37b

Dec 31 2021CN¥2mCN¥1m

CN¥51b

Sep 30 2021n/an/a

CN¥51b

Jun 30 2021n/an/a

CN¥61b

Mar 31 2021n/an/a

CN¥62b

Dec 31 2020CN¥1mCN¥1m

CN¥50b

Sep 30 2020n/an/a

CN¥47b

Jun 30 2020n/an/a

CN¥51b

Mar 31 2020n/an/a

CN¥49b

Dec 31 2019CN¥1mCN¥597k

CN¥58b

Sep 30 2019n/an/a

CN¥49b

Jun 30 2019n/an/a

CN¥32b

Mar 31 2019n/an/a

CN¥24b

Dec 31 2018CN¥3mCN¥1m

CN¥11b

Compensation vs Market: Mingguang's total compensation ($USD75.65K) is below average for companies of similar size in the CN market ($USD353.40K).

Compensation vs Earnings: Mingguang's compensation has been consistent with company performance over the past year.

CEO

Mingguang Li (55 yo)

1.3yrs

Tenure

CN¥552,200

Compensation

Mr. Mingguang Li has been President at China Life Insurance Company Limited since August 18, 2023 and serves as its Executive Director since June 27, 2024 and held the same position as Executive Director f...

Leadership Team

NamePositionTenureCompensationOwnership
Mingguang Li
President1.3yrsCN¥552.20kno data
Liu Hui
VP, Chief Investment Officer & Executive Directorless than a yearCN¥680.00kno data
Ruan Qi
VP, Chief Cybersecurity Officer8.2yrsCN¥1.66mno data
Chongmiao Xu
Chief Compliance Officer & Head of Compliance10.3yrsCN¥1.27mno data
Kai Bai
Vice President2.7yrsCN¥1.54mno data
Jin Hou
Chief Actuary & GM of Product Department1.3yrsCN¥87.10kno data
Xiliang Cai
Executive Chairman of the Board & Board Secretaryno datano datano data
Ying Yuan
Chief Financial Officerless than a yearno datano data
Zhong Zhan
VP, Marketing Director & GM of Individual Insurance Division7.3yrsCN¥1.68mno data
Qun Huo
Assistant President5.2yrsno datano data
Ja Wei Heng
Company Secretaryno datano datano data
Grace Hou
Investor Relations Executiveno datano datano data

2.0yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 601628's management team is considered experienced (2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mingguang Li
Presidentless than a yearCN¥552.20kno data
Liu Hui
VP, Chief Investment Officer & Executive Directorless than a yearCN¥680.00kno data
Ruan Qi
VP, Chief Cybersecurity Officerless than a yearCN¥1.66mno data
Xiliang Cai
Executive Chairman of the Board & Board Secretaryno datano datano data
Yiping Huang
Independent Director2.4yrsCN¥420.00kno data
Junhui Wang
Non-Executive Director5.3yrsno datano data
Haitao Zhai
Independent Directorless than a yearCN¥420.00kno data
Chi Kuen Lam
Independent Directorless than a yearCN¥420.00kno data
Jie Chen
Independent Directorless than a yearCN¥420.00kno data
Weiqing Cao
Chairman of the Board of Supervisor2.1yrsno datano data
Jin Hu
Non-Executive Directorless than a yearno datano data
Rong Hu
Non-Executive Directorless than a yearno datano data

0.5yrs

Average Tenure

55yo

Average Age

Experienced Board: 601628's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 22:08
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Life Insurance Company Limited is covered by 63 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark William KellockBarclays
Dorris ChenBNP Paribas Securities (Asia)
Michael LiBofA Global Research