Core Viewpoint - The company aims to become a leading integrated financial and healthcare service group, focusing on customer needs and leveraging technology to enhance service efficiency and quality [2][3][4]. Company Overview - The company has developed into a leading integrated financial and healthcare service group over 37 years, serving approximately 247 million individual customers and over 4 million corporate clients [2][3]. - The company is listed on both the Hong Kong Stock Exchange and the Shanghai Stock Exchange [2]. Strategic Focus - The company is transitioning from pure financial services to a model that integrates financial services with healthcare and elderly care, responding to evolving customer demands [3][4]. - The strategy emphasizes service differentiation to build core competitiveness, providing comprehensive financial advisory, family doctor, and elderly care services [3][4]. Market Opportunities - The expansion of the middle class and the aging population in China are driving demand for integrated financial and healthcare services [3][4]. - By 2030, the middle class in China is expected to account for one-third of the global middle class, increasing the demand for customized financial services [3][4]. - The healthcare sector is projected to grow significantly, with total health service spending expected to reach 16 trillion yuan by 2030 [3][4]. Financial Performance - For the first half of 2025, the company reported a net profit attributable to shareholders of 68.05 billion yuan, with operating income of 500.08 billion yuan [5][6]. - The new business value for life and health insurance increased by 39.8% year-on-year, indicating strong growth in this segment [5][6]. - The company’s total assets reached 13.51 trillion yuan, reflecting a 4.3% increase from the beginning of the year [5][6]. Service Innovations - The company has integrated AI technology into its services, enhancing customer experience and operational efficiency [4][5]. - The "Ping An Family Doctor" service has expanded significantly, covering over 35 million members, providing continuous health management [5][6]. - The company has established a comprehensive network of over 100,000 hospitals and health management institutions, ensuring high-quality service delivery [4][5]. Sustainability and Social Responsibility - The company has invested nearly 10.8 trillion yuan to support the real economy and has a green investment portfolio of 1.44 trillion yuan [5][6]. - The company is committed to sustainable development, achieving an MSCI ESG rating of AA, ranking first in the Asia-Pacific region for integrated insurance and brokerage [5][6].

Core Insights - China Ping An reported a revenue of approximately 500.1 billion yuan for the first half of 2025, reflecting a year-on-year growth of 1% [2] - The net profit attributable to shareholders decreased by 8.8% to 68.047 billion yuan [2] - The interim cash dividend increased to 0.95 yuan per share, up by 2.2% year-on-year [2] Life and Health Insurance - New business value in life and health insurance reached 22.335 billion yuan, a significant year-on-year increase of 39.8% [2] - New business value from the agent channel grew by 17.0%, while per capita new business value increased by 21.6% [2] - The bancassurance channel saw a substantial growth of 168.6% in new business value [2] - The bancassurance, community financial services, and other channels contributed 33.9% to the new business value [2] - The 13-month policy continuation rate remained high at 96.9%, an increase of 0.3 percentage points year-on-year [2] Property and Casualty Insurance - The original insurance premium income reached 171.857 billion yuan, marking a year-on-year growth of 7.1% [2] - Insurance service income was 165.661 billion yuan, reflecting a growth of 2.3% [2] - The overall combined cost ratio improved to 95.2%, a decrease of 2.6 percentage points year-on-year [2] Investment Performance - The investment portfolio achieved a non-annualized comprehensive investment return rate of 3.1%, up by 0.3 percentage points year-on-year [2] - Over the past decade, the average net investment return rate was 5.0%, and the average comprehensive investment return rate was 5.1% [2] Strategic Direction - The Chairman of China Ping An emphasized the commitment to focus on core business, increase revenue, reduce costs, innovate, and manage risks in the second half of the year [3] - The company aims to deepen its strategy of "comprehensive finance + medical and elderly care" and promote a full digital transformation [3]

Group 1 - The core viewpoint of the news is that China Ping An reported mixed financial results for the first half of 2025, with a slight increase in revenue but a decline in net profit [1] - The company achieved an operating income of approximately 500.1 billion yuan, a year-on-year increase of 1% [1] - The net profit attributable to shareholders decreased by 8.8% to 68.047 billion yuan [1] - The interim cash dividend was raised to 0.95 yuan per share, reflecting a year-on-year increase of 2.2% [1] Group 2 - In the life and health insurance sector, the new business value reached 22.335 billion yuan, representing a year-on-year growth of 39.8% [1] - The new business value from the agency channel grew by 17.0% year-on-year, while the per capita new business value increased by 21.6% [1] - The bank insurance channel saw a significant year-on-year increase of 168.6% in new business value [1] - The 13-month policy continuation rate remained high at 96.9%, up 0.3 percentage points year-on-year [1] Group 3 - In the property and casualty insurance segment, the original insurance premium income was 171.857 billion yuan, a year-on-year increase of 7.1% [1] - Insurance service income grew by 2.3% year-on-year to 165.661 billion yuan [1] - The overall combined cost ratio improved to 95.2%, a decrease of 2.6 percentage points year-on-year [1] Group 4 - The investment portfolio achieved a non-annualized comprehensive investment return rate of 3.1%, an increase of 0.3 percentage points year-on-year [1] - Over the past decade, the average net investment return rate was 5.0%, and the average comprehensive investment return rate was 5.1% [1] Group 5 - Chairman Ma Mingzhe emphasized the company's focus on core business, revenue growth, cost control, innovation, and risk prevention for the second half of the year [2] - The company aims to deepen its dual-wheel strategy of "comprehensive finance + medical care and elderly care" and promote a full digital transformation [2]

智通财经APP讯，中国平安(601318.SH)披露2025年中期报告，集团实现营业收入5000.76亿元，同比增 长1.0%;归属于母公司股东的营运利润777.32亿元，同比增长3.7%;归属于母公司股东的净利润680.47亿 元。将向股东派发中期股息每股现金人民币0.95元。 2025年上半年，平安产险实现原保险保费收入1718.57亿元，同比增长7.1%;保险服务收入1656.61亿元， 同比增长2.3%;整体综合成本率95.2%，同比优化2.6个百分点;车险综合成本率95.5%，同比优化2.6个百 分点，优于市场平均水平。银行业务经营保持稳健，资产质量整体平稳。2025年上半年，平安银行实现 净利润248.70亿元。截至2025年6月末，不良贷款率1.05%，拨备覆盖率238.48%，风险抵补能力保持良 好。 2025年上半年，寿险及健康险业务新业务价值达成223.35亿元，同比大增39.8%。业务品质稳步改善。 平安寿险保单继续率保持较高水平，13个月保单继续率达96.9%，同比上升0.3个百分点;25个月保单继 续率95.0%，同比上升4.1个百分点。多渠道能力全面发展，2025年上半年，代理人渠 ...

中国平安（601318）(601318.SH)披露2025年中期报告，集团实现营业收入5000.76亿元，同比增长1.0%; 归属于母公司股东的营运利润777.32亿元，同比增长3.7%;归属于母公司股东的净利润680.47亿元。将向 股东派发中期股息每股现金人民币0.95元。 2025年上半年，寿险及健康险业务新业务价值达成223.35亿元，同比大增39.8%。业务品质稳步改善。 平安寿险保单继续率保持较高水平，13个月保单继续率达96.9%，同比上升0.3个百分点;25个月保单继 续率95.0%，同比上升4.1个百分点。多渠道能力全面发展，2025年上半年，代理人渠道新业务价值同比 增长17.0%，代理人人均新业务价值同比增长21.6%。银保渠道新业务价值59.72亿元，同比增长 168.6%。银保渠道、社区金融服务及其他等渠道，贡献了平安寿险新业务价值的33.9%。供给高质 量"保险产品+服务"，2025年上半年，已有超1300万平安寿险的客户使用健康管理服务。 2025年上半年，平安产险实现原保险保费收入1718.57亿元，同比增长7.1%;保险服务收入1656.61亿元， 同比增长2.3%;整体综合 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2025-035 中国平安保险（集团）股份有限公司 中国平安保险（集团）股份有限公司（以下简称"本公司"或"公司"）董事会及全体 董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内 容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本公司 2025 年中期利润分配方案：每股派发现金股息人民币 0.95 元（含税）。 ? 本次股息派发的实际总额将以本次股息派发股权登记日实际有权参与股数为 准计算。以下预期时间表仅为暂定日期，具体日期将在权益分派实施公告中予 以明确： | 股份类别 | 暂定股权 | | 暂定最后 | | 暂定除权（息） | | 暂定现金红利 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 登记日 | | 交易日 | 日 | | 发放日 | | | A股 | 2025/10/23 | － | | 2025/10/24 | 2025/10/24 | | | ? 本公司 H 股（包含港股通）股东的现金红利发放的具体操作不适用本公告， 具体可参阅本公司 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2025-033 中国平安保险（集团）股份有限公司 第十三届董事会第十次会议决议公告 中国平安保险（集团）股份有限公司（以下简称"本公司"或"公司"）董事会 及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并 对其内容的真实性、准确性和完整性承担法律责任。 本公司第十三届董事会第十次会议（以下简称"会议"）书面通知于 2025 年 8 月 12 日发出，会议于 2025 年 8 月 26 日在深圳市召开。会议应出席董事 15 人，实到董事 15 人，会议有效行使表决权票数 15 票。本公司监事和高级管理人 员列席了会议。会议的召集、召开程序符合《中华人民共和国公司法》和《中国 平安保险（集团）股份有限公司章程》的相关规定，会议合法、有效。 会议由本公司董事长马明哲主持，与会董事经充分讨论，审议通过了如下议 案： 二、审议通过了《关于派发 2025 年中期股息的议案》 表决结果：赞成 14 票、反对 0 票、弃权 0 票（董事长马明哲回避表决） 五、审议通过了《关于审议〈郭世邦先生总经理助理兼首席风险官职务任中审 计报告〉的议案》 本 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2025-034 中国平安保险（集团）股份有限公司 监事会意见如下： 证券监督管理委员会和《公司章程》的规定； 情况； 的行为； 案的执行情况、本公司 2025 年中期利润分配方案，认为董事会严格执行了现金 分红政策和股东回报规划，严格履行了现金分红相应决策程序，并真实、准确、 完整地进行相应信息披露。 表决结果：赞成 5 票、反对 0 票、弃权 0 票 第十一届监事会第八次会议决议公告 中国平安保险（集团）股份有限公司（以下简称"本公司"或"公司"）监事会 及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并 对其内容的真实性、准确性和完整性承担法律责任。 本公司第十一届监事会第八次会议（以下简称"会议"）书面通知于 2025 年 8 月 12 日发出，会议于 2025 年 8 月 26 日在深圳市召开。会议应出席监事 5 人，实到监事 5 人，会议有效行使表决权票数 5 票。本公司部分高级管理人员列 席了会议，会议的召集、召开程序符合《中华人民共和国公司法》和《中国平安 保险（集团）股份有限公司章程》（以下简称"《公司章程》"）的 ...

Core Viewpoint - The mid-year performance report of China Ping An Insurance reveals steady growth in operational profit and net profit, alongside a significant increase in new business value, driven by strategic investments and AI integration in operations [1][2][3]. Financial Performance - In the first half of 2025, China Ping An achieved an operational profit of 77.732 billion yuan, a year-on-year increase of 3.7%, and a net profit of 68.047 billion yuan, with total revenue reaching 500.076 billion yuan [1]. - The company announced a mid-term dividend of 0.95 yuan per share, reflecting a 2.2% increase, continuing its trend of rising dividends for 13 consecutive years [1]. Investment Strategy - The investment portfolio of China Ping An yielded a non-annualized comprehensive investment return of 3.1%, up by 0.3 percentage points year-on-year, with a ten-year average net investment return of 5% [2]. - The company emphasizes a long-term investment approach, focusing on value and technology growth in equity investments, while actively managing fixed-income investments [2]. New Business Value Growth - The new business value from life and health insurance increased by 39.8% year-on-year, reaching 22.335 billion yuan, with a new business value rate up by 9 percentage points [3]. - The agency channel saw a 17% increase in new business value, while the bank insurance channel experienced a substantial growth of 168.6% [3]. AI Integration - China Ping An is leveraging AI to enhance its financial services, with significant data accumulation and application across various scenarios, including insurance and healthcare [4][5]. - The company reported 8.18 billion calls to its AI models in the first half of 2025, with applications in customer service and fraud detection leading to substantial cost reductions and efficiency improvements [5]. Healthcare and Elderly Care Strategy - The company is actively building a "insurance + healthcare" ecosystem, with nearly 70% of new business value coming from clients with access to healthcare services [6]. - In the first half of 2025, health insurance premium income reached nearly 87 billion yuan, with medical insurance premiums exceeding 41 billion yuan, reflecting a 3.3% year-on-year growth [6]. Elderly Care Initiatives - China Ping An is developing a comprehensive healthcare service model, including internet medical platforms and home care services, covering 85 cities and serving over 130 million clients [7]. - The company's investments in healthcare and elderly care are expected to enhance customer satisfaction and drive revenue growth through cross-selling opportunities [7].

Core Viewpoint - The mid-year performance report of Chinese insurance companies has begun, with Ping An Insurance (Group) Company of China, Ltd. being the first to disclose its results for the first half of 2025, showing a stable growth in profits despite a challenging low-interest-rate environment [1][3]. Financial Performance - In the first half of 2025, Ping An achieved an operating profit of 77.732 billion yuan, a year-on-year increase of 3.7%, and a net profit attributable to shareholders of 68.047 billion yuan [3]. - The company's total revenue reached 500.076 billion yuan [3]. - Ping An announced an interim dividend of 0.95 yuan per share, reflecting a 2.2% increase, continuing its trend of increasing dividends for 13 consecutive years [3]. Investment Strategy - Ping An emphasizes a long-term investment approach in equity investments, focusing on a balanced allocation between value and technology growth investments to achieve stable returns that exceed market performance [4]. - In fixed income, the company actively allocates to interest rate bonds to enhance returns [4]. New Business Value Growth - The new business value of Ping An's life and health insurance segment grew by 39.8% year-on-year, reaching 22.335 billion yuan, with a new business value rate increasing by 9.0 percentage points [6]. - The agency channel saw a 17.0% increase in new business value, while the bank insurance channel experienced a significant growth of 168.6% [6]. AI Empowerment in Financial Services - Ping An is leveraging AI technology to enhance its competitive edge, with a database containing 30 trillion bytes of data covering nearly 247 million individual customers [7]. - The company reported 818 million calls to its AI models in the first half of 2025, with over 650 applications across various scenarios [7]. - AI applications are expected to reduce customer service costs, mitigate risks, and innovate service channels [7]. Healthcare and Elderly Care Strategy - Ping An is actively building an "insurance + health care" ecosystem, with nearly 70% of new business value in life insurance coming from clients with access to healthcare services [8]. - The company reported health insurance premium income of nearly 87 billion yuan, with medical insurance premiums exceeding 41 billion yuan, reflecting a 3.3% year-on-year growth [8]. - Ping An's healthcare services have reached over 13 million customers, and its home care services cover 85 cities [9].