SHANGHAI, April 12 (Reuters) - Year ended Dec 31, 2007.
(in millions of yuan unless stated, against 2007 figures):
2007 2006
Turnover 93,008.00 vs 57,526.00
Net profit 6,893.00 vs 1,008.00
Earnings per share (yuan) 1.12 vs 0.23
Net assets per share (yuan) 8.16 vs 2.59
Company: China Pacific Insurance (601601.SS) is the
country's third-biggest life insurer. It raised 29.03 billion
yuan ($4.1 billion) in its domestic initial public offering in
late 2007.
It said in the annual report that it is preparing for a
share sale in Hong Kong but did not provide a time table. The
company's Hong Kong IPO, which had been expected to raise
roughly $4 billion, has been delayed due to poor markets.
Note: The audited results were compiled under domestic
accounting standards.
China Pacific attributed the jump in its earnings to higher
investment returns and the expansion of its core business.
It booked 27.01 billion yuan in investment returns in 2007,
up sharply from 9.11 billion yuan a year earlier. Insurance
premium rose 32.5 percent to 74.24 billion yuan last year.
($1=7.006 Yuan)
(Reporting by Fang Yan; Editing by Jan Dahinten)
