New China Life Insurance (601336) Stock Price, Fundamentals & Analysis

What 601336 does

New China Life Insurance (601336) is a life insurance provider listed on the Shanghai Stock Exchange. It sells life, health, and accident insurance to individuals and institutions, and also offers asset management, investment management, and real estate services. The company operates through three segments: Traditional insurance, Participating insurance, and Other Business. It is part of the CSI 300 index and operates alongside peers such as China Life Insurance Company (601628).

Key numbers explained

• 57.58 CNY is the current share price — the last traded price on the exchange.
• The trailing P/E ratio of 4.1 shows the price investors pay per unit of the last 12 months’ earnings; a lower number can suggest the stock is priced conservatively relative to recent earnings.
• The forward P/E ratio of 6.2 uses expected future earnings, giving a sense of how the market values the company’s earnings outlook.
• 14.2 CNY is the trailing 12‑month earnings per share — the portion of the company’s profit allocated to each share.
• The dividend yield of 4.74% indicates the annual dividend as a percentage of the current share price; it reflects the cash return shareholders receive, not total return.
• 19% is the share of earnings paid out as dividends — the portion of profit returned to shareholders rather than retained for growth or reserves.
• 0.81 is the beta, a measure of volatility relative to the broader market; a beta below 1 suggests the stock tends to move less than the market.
• The 52‑week price range of 55.01 – 85.85 CNY shows the lowest and highest traded prices over the past year, while the -6.7% change over that period indicates a year‑over‑year decline.

What to watch

• Insurance stocks are sensitive to interest rates, because higher rates can improve investment income on reserves, while lower rates can compress yields.
• Regulatory changes in China’s life insurance sector can affect product pricing, reserve requirements, and capital rules.
• Long‑term sales trends and new policy volumes are key drivers of future revenue growth for life insurers.
• Macroeconomic conditions, such as consumer confidence and employment levels, influence policyholder demand and claims experience.
• The company’s participation in the CSI 300 means its price movements are often tied to broader Chinese large‑cap trends.