香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成提呈收購、購買或認購任何證券的要約邀請或招攬，或訂立進行該 等收購、購買或認購的協議之邀請，且本公告並不旨在邀請收購、購買或認購任何證券之要 約。 本公告不會直接或間接於或向美國（包括美國的領土及屬地、任何州以及哥倫比亞特區）發佈。 本公告及其包含的信息並不構成在美國境內購買、認購或出售證券的任何要約或要約邀請或招 攬或其組成部分。本公告中所述的證券並無亦不會根據1933年美國《證券法》（經修訂）（「《證券 法》」）進行登記，亦不得於美國境內發售或出售，惟獲豁免或毋須遵守《證券法》登記規定的交 易除外。本公告中所述的證券將根據《證券法》S規例在美國境外發售和出售。本公告中所述的 證券並無亦不會於美國境內或該等發售受到限制或禁止的其他司法管轄區境內進行公開發售。 本公告或其中包含的信息沒有招攬任何金錢、證券或其他對價，並且任何基於本公告或其包含 的信息而發出的任何金錢、證券或其他對 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2024-043 特此公告。 中国平安保险（集团）股份有限公司（以下简称"本公司"）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。 根据本公司于 2024 年 7 月 16 日在上海证券交易所网站（www.sse.com.cn） 披露的《中国平安保险（集团）股份有限公司拟根据一般性授权发行 H 股可转换 债券的公告》，本公司拟发行本金总额为 35 亿美元 0.875%利率 2029 年到期的可 转换为本公司 H 股股份的债券（以下简称"H 股可转换债券"）。 H 股可转换债券认购协议中的所有先决条件均已达成，H 股可转换债券已于 2024 年 7 月 22 日完成发行，并将于 2024 年 7 月 23 日在香港联合交易所有限公 司上市和交易。后续本公司将根据中国证券监督管理委员会的相关规定及时履行 H 股可转换债券发行的相关备案程序。 中国平安保险（集团）股份有限公司 关于 H 股可转换债券发行完成以及 在香港联合交易所有限公司上市的公告 中国平安保险（集团）股份有限公司 ...

Investment Rating - The report maintains an "Accumulate" rating for China Ping An (601318) with a target price of 58.98 CNY per share, unchanged from the previous rating [2][4]. Core Views - The report anticipates a recovery in investment income, leading to an improvement in net profit on a quarter-on-quarter basis. The operational profit is expected to benefit from the alleviation of asset management impairment pressures and improvements in both life and property insurance sectors [3][4]. Summary by Sections Financial Performance - The report forecasts a year-on-year increase of 6.0% in net profit attributable to shareholders for the first half of 2024, with a quarter-on-quarter turnaround from negative to positive in Q1 2024. The operational profit for the group is expected to grow by 1.4% year-on-year, with life insurance operational profit increasing by 2.5% [4][9]. - The report projects the earnings per share (EPS) for 2024-2026 to be 6.17, 7.57, and 8.77 CNY respectively [4]. Business Segments - The new business value (NBV) is expected to grow by 12.3% year-on-year in H1 2024, primarily due to improvements in the new business value rate, despite a slight pressure on new policies due to a high base from the previous year. The life insurance premium is projected to increase by 5.0% year-on-year, with new policy premiums declining by 5.2% [4][9]. - Property insurance premiums are expected to grow slowly, with a year-on-year increase of 4.1% in H1 2024. The combined ratio (COR) is anticipated to improve slightly, with a forecasted COR of 99.2% [4][9]. Market Data - The report notes that the stock price has fluctuated between 37.78 and 52.60 CNY over the past 52 weeks, with a total market capitalization of 783.586 billion CNY [5]. - The current price of the stock is 43.03 CNY, indicating potential upside to the target price [2][5]. Financial Projections - The projected operating revenue for 2024 is 941.703 billion CNY, with a net profit attributable to shareholders expected to reach 112.437 billion CNY [9][10]. - The report highlights a projected net asset value per share of 51.64 CNY for 2024, with a price-to-earnings (P/E) ratio of 6.89 based on the current price [10].

现将本公司 2024 年度长期服务计划的购股进展公告如下： 截至本公告日期，本公司 2024 年度长期服务计划尚未实施购股。本公司后 续将根据 2024 年度长期服务计划实施方案完成股票购买，并及时履行信息披露 义务。 特此公告。 中国平安保险（集团）股份有限公司董事会 2024 年 7 月 19 日 证券代码：601318 证券简称：中国平安 公告编号：临 2024-042 中国平安保险（集团）股份有限公司 关于 2024 年度长期服务计划购股进展的公告 中国平安保险（集团）股份有限公司（以下简称"本公司"）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。 本公司第十二届董事会第二十二次会议审议通过了《关于审议 2024 年度长 期服务计划参与情况的议案》（以下简称"2024 年度长期服务计划"）。 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2024-040 中国平安保险（集团）股份有限公司 2023 年年度分红派息实施公告 中国平安保险（集团）股份有限公司（以下简称"本公司"）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： 每股分配比例 每股派发现金红利人民币 1.50 元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/7/25 | － | 2024/7/26 | 2024/7/26 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本公司 2023 年年度分红派息实施方案（以下简称"本次分红派息"）经本公司 2024 年 5 月 30 日召开的 2023 年年度股东大会审议通过。 二、 分配方案 截至 A 股股权登记日 2024 年 7 月 25 日下午上海证券交易所收市后，在中国证券登记结 算有限责任公司上海分公司（以下简称"中 ...

证券代码：601318 证券简称：中国平安 公告编号：临 2024-041 本公司第十一届监事会第二次会议（以下简称"会议"）通知于 2024 年 7 月 12 日发出，会议于 2024 年 7 月 18 日以书面传签方式召开。会议应参与投票监 事 5 人，实际参与投票监事 5 人，会议有效行使表决权票数 5 票。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。 会议审议通过了如下议案： 一、审议通过了《关于审议〈郭晓涛先生联席首席执行官、副总经理职务 任中审计报告〉的议案》 中国平安保险（集团）股份有限公司 第十一届监事会第二次会议决议公告 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。 表决结果：赞成 5 票、反对 0 票、弃权 0 票 特此公告。 中国平安保险（集团）股份有限公司监事会 2024 年 7 月 18 日 表决结果：赞成 5 票、反对 0 票、弃权 0 票 二、审议通过了《关于 ...

截至本核查意见出具日，公司回购专用证券账户中的A股股份为102,592,612 股。 根据《公司法》《证券法》《回购规则》《回购股份指引》等相关法律法规、 规范性文件以及《公司章程》的规定，上述公司回购的股份不参与利润分配。因 此，公司 2023 年末期权益分派实施差异化分红。 二、本次差异化分红的方案 平安证券股份有限公司 关于中国平安保险（集团）股份有限公司 差异化分红事项的核查意见 平安证券股份有限公司（以下简称"平安证券"）作为中国平安保险（集团） 股份有限公司（以下简称"中国平安"或"公司"）2023 年末期利润分配所涉及 差异化分红事项的财务顾问，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股份回购 规则》（以下简称"《回购规则》"）、《上海证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简称"《回购股份指引》"）、《上海证券交易所股票上市规 则》（以下简称"《上市规则》"）以及《中国平安保险（集团）股份有限公司章程》 （以下简称"《公司章程》"）等相关法律、法规及规范性文件的规定，对中国平 安 2023 年末 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][4]. Core Views - The company plans to issue USD 3.5 billion convertible bonds at an interest rate of 0.875%, which is expected to enhance its capital adequacy [3]. - The initial conversion price for the bonds is set at HKD 43.71 per share, representing a 27.4% upside from the closing price on July 17 [3]. - The issuance of convertible bonds will support business development, capital replenishment, and the company's healthcare and elderly care strategic layout [3]. - The company intends to cancel 103 million A-shares repurchased for employee stock ownership plans, which will reduce the total share capital and mitigate concerns regarding the dilution effect of the convertible bonds [4]. Summary by Sections Market Data - Closing price: CNY 42.29, with a 1-year high/low of CNY 53.85/CNY 37.62 [2]. - Market capitalization: CNY 455,153 million [2]. Financial Projections - Expected revenue growth rates: 8.6% in 2024, 8.9% in 2025, and 7.7% in 2026 [5]. - Projected net profit for 2024 is CNY 130,345 million, with a year-on-year growth of 52.2% [5]. - Earnings per share (EPS) for 2024 is estimated at CNY 6.07 [5]. Capital Adequacy - As of Q1 2024, the solvency ratios for the group and its main subsidiaries are significantly above regulatory requirements, with the comprehensive solvency ratio at 208.03% [3]. Shareholder Returns - The cancellation of repurchased shares is expected to enhance earnings per share (EPS) and enterprise value per share (EVPS) for 2024 [4].

Summary of the Conference Call on China Ping An Company Overview - **Company**: China Ping An - **Founded**: 1988 in Shekou, China - **Years in Operation**: 36 years - **Global Ranking**: Ranked 33rd in the Fortune Global 500 in 2023 [7] Key Financial Metrics - **Total Assets**: Approximately 12 trillion CNY, the largest among global insurance groups [6] - **Annual Compound Growth Rate of Total Assets**: 23.8% since 2004 [7] - **Annual Compound Growth Rate of Dividends**: 11.3% [7] - **Tax Contribution**: Over 100 billion CNY in 2023, with a compound growth rate of 21.9% [7] - **Operating Profit Growth Rate**: 7.1% [7] Business Segments - **Insurance**: - Second largest life insurance company in China, following China Life [10] - Second largest property insurance company, following PICC [10] - First specialized pension institution in China [10] - First batch of specialized health insurance companies in the industry [10] - **Banking**: - Ping An Bank ranks among the top three in retail banking metrics such as credit card issuance and consumption balance [11] - **Asset Management**: Includes asset management, trust, securities, and funds [10] Industry Context - **Aging Population**: China is expected to enter a deep aging society by 2035, with over 30% of the population being elderly [12] - **Pension System**: The personal pension system is currently underdeveloped, with only 2% market penetration, indicating significant growth potential [17] Strategic Focus - **Healthcare and Pension Services**: The company is actively expanding its services in healthcare and pension management, which are seen as key growth areas [12][25] - **Digital Transformation**: Emphasis on improving operational efficiency and customer service through digital technologies [26][28] New Business Value Contribution - **Healthcare and Pension Contribution**: In 2023, 37% of new business value came from healthcare services and 36% from pension services, a significant increase from single-digit contributions three years ago [24] Investment Opportunities - **Personal Pension Growth**: The potential for growth in the personal pension market is substantial, with projections of an increase from 106 billion CNY to approximately 2.9 trillion CNY by 2032 [19] Challenges - **Investment Yield Decline**: The investment yield for insurance companies has decreased from 7% to 2.52% in recent years, indicating pressure on the asset side [22] Conclusion - **Vision**: China Ping An aims to become a leading international provider of integrated financial and healthcare services, creating sustainable value for customers, employees, and shareholders [14]

Financial Data and Key Metrics Changes - The total assets of the company reached approximately 12 trillion, ranking first among global insurance groups [5] - The annual compound growth rate of total assets since 2004 is 23.8%, while the annual compound growth rate of dividends is 11.3% [6] - The company ranked 33rd in the Fortune Global 500, with a scale operating profit showing an annual compound growth rate of 7.1% [6] Business Line Data and Key Metrics Changes - The company is the second-largest life insurance company in China, following China Life, and the second-largest property insurance company, following PICC [10] - The company is the first professional pension institution in China, with its pension asset scale and customer base ranking second in the industry [10] - In the health insurance sector, the company is one of the first established professional health insurance companies, also ranking second in the industry [10] Market Data and Key Metrics Changes - The company is actively expanding in the healthcare and pension sectors, anticipating that by 2035, over 30% of the population will be elderly, creating significant market opportunities [12] - The company has seen a substantial contribution to new business value from healthcare and pension services, with 73% of new business value in 2023 coming from these areas [23] Company Strategy and Development Direction - The company aims to provide a one-stop service for comprehensive financial and healthcare solutions, focusing on financial advisory, family doctor services, and elderly care [13] - The strategic focus is on integrating finance with technology and healthcare, enhancing service capabilities through technological advancements [7][12] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the recovery of the insurance industry, expecting significant improvements in performance this year [15] - The management highlighted the importance of digital transformation in improving operational efficiency and customer service [26][28] Other Important Information - The company has a comprehensive financial service structure, including life insurance, property insurance, pension insurance, health insurance, banking, and asset management [8] - The company has been recognized for its brand value by international rating agencies, indicating strong market positioning [5] Q&A Session Summary Question: What specific cases or products does the company have to meet customer needs in the financial and healthcare sectors? - The company reported that 37% of new business value in the past year came from healthcare services, and 36% from pension services, indicating a significant shift towards these areas [23] Question: What achievements has the company made in digital transformation? - The company highlighted that 90% of life insurance claims are processed within one day, showcasing high efficiency in claims processing [28]