China Pacific Insurance Company (601601) investor relations material

Executive summary

• Achieved strong profitable growth and steady business improvement despite COVID-19 disruptions and a complex macroeconomic environment, with significant expansion in global footprint, product range, and enhanced core competitiveness.

• Focused on value creation, transformation, and long-term capacity-building, with a growing customer base and improved service quality.

• Online sales grew 49.3%, with 61% growth in active global customers and 68% increase in website traffic.

• Strategic acquisitions and investments in ESG, ethical sourcing, and supply chain diversification supported international expansion.

Financial highlights

• Underlying EBITDA rose 59.8% to AUD 42.4 million; statutory NPAT from continuing operations was AUD 21.6 million, up 135%.

• Group operating income reached RMB 435.156bn, up 7.7% year-over-year; net profit attributable to shareholders was RMB 53.505bn, up 19.0%.

• Underlying NPAT reached AUD 24.9 million, an 80.6% increase year-over-year.

• Assets under management increased 9.8% to RMB 3,891.033bn; customer base expanded 3.5% to 190mn.

• Net cash position at year-end was AUD 71.5 million, with no debt drawn on a AUD 40 million facility.

Outlook and guidance

• FY 2022 expected to see stronger second half earnings due to seasonality and recovery from store closures.

• Aims to enhance corporate governance, deepen reform, and foster new growth drivers to become a top-tier insurance conglomerate with international competitiveness.

• Geographic and channel diversification, strong inventory, and digital focus position the company to capitalize on recovery.

• Continued focus on U.S. and European market growth, with new marketplace partnerships ramping up.

• Will focus on improving operational efficiency and service capabilities in 2026, the 35th anniversary year.