Company Strategy and Vision - The company aims to become an "internationally leading technology-driven personal financial service group" focusing on "finance + technology" and "finance + ecology" strategies[8]. - In 2019, the company plans to enhance its services by promoting "technology empowering finance, technology empowering ecology, and ecology empowering finance" to provide better customer service[8]. - The company reported a significant focus on the integration of innovative technology in the financial services, healthcare, automotive, real estate, and smart city ecosystems[8]. - The company emphasizes survival through competition and development through innovation as key operational strategies[8]. - The company aims to leverage technology in financial services and expand into healthcare and smart city ecosystems[11]. - The company plans to enhance its integrated financial services model to serve 184 million personal customers and 538 million internet users[11]. Financial Performance - Operating profit attributable to shareholders reached RMB 112.57 billion, a 19% increase from RMB 94.71 billion in 2017[9]. - Basic earnings per share increased to RMB 6.31, compared to RMB 5.31 in 2017, marking a growth of 18.8%[9]. - Return on equity (ROE) for the group was 21.9%, slightly down from 22.0% in 2017[9]. - The solvency ratio for the group was 216.4%, up from 214.9% in 2017, indicating strong financial stability[9]. - The total revenue for 2018 was RMB 1,082.146 billion, an increase of 11.0% compared to 2017[30]. - The net profit attributable to shareholders reached RMB 107.404 billion in 2018, reflecting a year-on-year growth of 20.6%; the ROE was 20.9%[66]. Customer Growth and Engagement - The number of personal customers reached 183.96 million, an increase from 165.73 million in 2017, representing a growth of 10.4%[9]. - The average operating profit per customer rose to RMB 531.25, up from RMB 449.69 in 2017, a growth of 18.1%[9]. - The number of individual customers reached 184 million, growing by 11.0% year-on-year, with 40.78 million new customers added during the year[33]. - The average number of contracts per customer increased by 9.1% to 2.53 contracts, with 63.64 million individual customers holding contracts from multiple subsidiaries, accounting for 34.6% of total customers[42]. Technology and Innovation - The company has filed a total of 12,051 technology patents, ranking among the top international financial institutions[31]. - The company’s technology-driven initiatives led to the establishment of five major ecosystems, significantly enhancing profit contributions from the technology sector[23]. - Ping An's facial recognition technology has an accuracy rate of 99.8%, and voiceprint recognition technology can reach 99.7% accuracy[53]. - The company has established a global blockchain platform serving over 200 banks and 200,000 enterprises, with more than 44,000 blockchain nodes[54]. - Ping An Cloud supports core business operations with a trillion-level asset scale and has over 400 cloud technology patent applications[55]. Investment and Financial Technology - The company invested over CNY 5 billion in poverty alleviation projects, directly benefiting over 15,000 impoverished households[24]. - The company’s fintech platform, Lufax, achieved a post-investment valuation of USD 39.4 billion following a new round of financing[24]. - The company aims to enhance its digital operations and intelligent risk management capabilities while continuing to invest in technology to support its "Finance + Ecosystem" strategy[25]. Insurance Business Performance - The life and health insurance business generated an operating profit of CNY 71.345 billion, a year-on-year increase of 35.1%, while the new business value reached CNY 72.294 billion, up 7.3% year-on-year[23]. - The new business value in life and health insurance was RMB 72.29 billion, up from RMB 67.36 billion in 2017, reflecting a growth of 2.86%[9]. - The operating profit from the personal business segment was RMB 97.729 billion, accounting for 86.8% of the group's total operating profit, with a year-on-year growth of 31.1%[33]. Risk Management and Compliance - The company has a robust risk management framework to address various market uncertainties and regulatory changes[6]. - The company has established a scientific asset allocation model to manage risks effectively, ensuring that overall risk remains within the company's established risk appetite[129]. Corporate Social Responsibility - The company is committed to supporting poverty alleviation and rural development initiatives through its "Three Villages Smart Poverty Alleviation" program[8]. - Ping An has invested 1% of its revenue annually in technology research and development, significantly increasing its R&D input[50].

Financial Performance - Ping An reported a net profit of RMB 150 billion for the year, representing a year-on-year increase of 10%[1]. - The company achieved total revenue of RMB 976.83 billion in 2018, representing a 9.6% increase from RMB 890.88 billion in 2017[40]. - The net profit attributable to shareholders reached RMB 107.404 billion, growing by 20.6% year-on-year[20]. - The company distributed a total cash dividend of RMB 1.72 per share, reflecting a 14.7% increase compared to the previous year[20]. - The operating profit attributable to shareholders reached RMB 112.57 billion in 2018, reflecting an 18.9% growth compared to RMB 94.71 billion in 2017[40]. - The net profit for 2018 was RMB 58.76 billion, representing a significant increase of 62.6% from the previous year[105]. - The net profit for 2018 was RMB 24.818 billion, an increase of 7.0% compared to the previous year[174]. - The company reported a significant increase in claims for non-motor vehicle insurance, which rose by 45.0% to RMB 21,523 million in 2018[148]. Insurance Segment Performance - The total premium income for the life and health insurance segment reached RMB 600 billion, up 12% compared to the previous year[1]. - The life and health insurance business generated an operating profit of RMB 71.345 billion, up 35.1% year-on-year[21]. - The new business value reached RMB 72.294 billion, representing a 7.3% increase year-on-year[21]. - The original insurance premium income for property insurance business grew by 14.6% year-on-year to RMB 247.444 million, outperforming the market by 3.0 percentage points[126]. - The total premium income for 2018 reached RMB 570,523 million, a 19.9% increase from RMB 475,895 million in 2017[110]. - The total claims expenditure for 2018 was RMB 116,305 million, reflecting a 9.2% increase from RMB 106,474 million in 2017[148]. Customer Growth and Engagement - The number of active users for Ping An's financial services platform increased to 200 million, a growth of 15% year-on-year[1]. - The company served 184 million individual customers and 538 million internet users, with an average operating profit per customer of RMB 531[20]. - The number of personal customers grew to 184 million, an increase of 11.0% from the beginning of the year, with 40.78 million new customers added during the year[41]. - The number of internet users reached 538.43 million, a growth of 23.4% year-on-year, with an active user count of 252 million, averaging 2.37 online services used per person[46]. - The customer net promoter score (NPS) improved by 6 percentage points in 2018, indicating enhanced customer satisfaction[98]. Technology and Innovation - Ping An plans to invest RMB 10 billion in technology research and development in the upcoming fiscal year[1]. - The company has initiated the "Three Villages Project," providing 5.394 billion yuan in poverty alleviation funds and upgrading over 400 rural health clinics[41]. - The company’s technology patent applications increased by 9,021, totaling 12,051 by the end of 2018, with significant achievements in AI, blockchain, and cloud technologies[41]. - Ping An's AI technology has been applied across financial services, healthcare, and smart city sectors, achieving nearly 90% matching accuracy in risk control, saving about 40% in labor costs[69]. - Ping An's blockchain platform, FiMAX, can process 50,000 transactions per second with latency under 0.05 seconds, serving over 200 banks and 20,000 enterprises globally[70]. Market Expansion and Strategic Initiatives - Ping An is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[1]. - The company has completed two strategic acquisitions in the fintech sector, enhancing its technological capabilities[1]. - The company is actively promoting its "1+N" smart city platform across over 100 cities in China and several countries along the Belt and Road Initiative, enhancing urban governance and citizen satisfaction[36]. - The company signed a strategic cooperation agreement with the Shenzhen Public Security Bureau to enhance "smart policing" initiatives[20]. Operational Efficiency and Cost Management - The company has set a target of reducing operational costs by 10% through digital transformation initiatives[1]. - The company aims to enhance service efficiency and quality through technology empowerment across five major ecosystems: financial services, healthcare, automotive services, real estate services, and smart cities[59]. - The company has implemented a comprehensive risk management framework for investment, focusing on market and credit risk controls, and has integrated AI technologies for enhanced risk monitoring[156]. Investment and Asset Management - The asset management business reported a total asset under management (AUM) of RMB 1 trillion, reflecting a 20% increase from the previous year[1]. - The company’s investment portfolio size reached RMB 2.79 trillion by the end of 2018, growing by 14.1% from the beginning of the year[154]. - The company has optimized its asset allocation by increasing long-term equity investments and diversifying its investment portfolio to mitigate risks[155]. - The company reported a net investment income of RMB 126.71 billion for 2018, a 4.4% increase from RMB 121.34 billion in 2017[162].

Financial Performance - Net profit attributable to shareholders increased by 19.7% to RMB 79,397 million for the first nine months of 2018, up from RMB 66,318 million in the same period of 2017[4] - Basic earnings per share rose by 19.6% to RMB 4.45 from RMB 3.72 in the same period last year[4] - The operating profit attributable to the parent company's shareholders reached RMB 85.637 billion, a year-on-year increase of 19.5%[16] - The net profit attributable to the parent company's shareholders for life and health insurance business increased by 50.1% to RMB 55,423 million in the first nine months of 2018 compared to RMB 36,926 million in 2017[27] - The net profit for Ping An Bank reached RMB 20.456 billion, reflecting a year-on-year growth of 6.8%[42] - The net profit for the third quarter of 2018 was RMB 24,719 million, compared to RMB 26,126 million in the same quarter of 2017, reflecting a decrease of 5.4%[81] - Net profit for the first nine months of 2018 was RMB 26,857 million, up from RMB 14,439 million in the same period of 2017, reflecting an increase of 86.1%[88] Asset and Liability Management - Total assets increased by 6.4% to RMB 6,910,935 million as of September 30, 2018, compared to RMB 6,493,075 million at the end of 2017[4] - The total liabilities as of September 30, 2018, were RMB 6,260,499 million, an increase from RMB 5,905,158 million at the end of 2017, reflecting a growth of approximately 6.0%[78] - The company’s equity attributable to shareholders increased to RMB 527,987 million as of September 30, 2018, up from RMB 473,351 million at the end of 2017, a growth of 11.5%[78] - The company’s total insurance contract reserves reached RMB 1,576,264 million, up from RMB 1,391,548 million at the end of 2017, reflecting a growth of 13.3%[78] Customer Growth and Engagement - The number of individual customers reached 18,163,000, an increase of 18.7% from 15,296,000 in the previous year[14] - The number of individual customers reached 182 million as of September 30, 2018, representing an 18.7% year-on-year growth, with 32.5% of customers holding multiple subsidiary contracts, up 5.4 percentage points[29] - The group internet user base exceeded 500 million, reflecting a year-on-year growth of 19.4%[16] - The number of retail customers increased to 80.25 million, representing a growth of 14.8% year-to-date[44] Revenue and Income Sources - Operating revenue for the first nine months of 2018 reached RMB 750,456 million, a 13.2% increase compared to RMB 663,002 million in the same period of 2017[80] - Insurance business income for the first nine months of 2018 was RMB 561,835 million, up 19.1% from RMB 471,772 million in the previous year[80] - Investment income for the first nine months of 2018 was RMB 118,731 million, an increase of 19.7% compared to RMB 99,267 million in 2017[80] Operational Efficiency - Operating cash flow for the first nine months of 2018 surged by 2,170.7% to RMB 177,595 million, compared to RMB 7,821 million in the same period of 2017[4] - The comprehensive cost ratio for property and casualty insurance improved slightly to 96.0% from 96.1%[14] - The comprehensive cost ratio for property insurance was 96.0%, consistently outperforming the industry average[17] Investment and Innovation - The investment portfolio of insurance funds reached nearly RMB 2.65 trillion as of September 30, 2018, an 8.1% increase from the beginning of the year[39] - The annualized net investment return rate for the insurance fund investment portfolio was 4.7% in the first three quarters of 2018, while the total investment return rate was 4.0%[39] - The company is focusing on technology innovation to enhance customer experience and improve risk control systems[41] - The number of technology patent applications increased by 5,504 to a total of 8,534, with 2,147 being international patents, ranking among the top in domestic enterprises[49] Employee and Governance - The core personnel shareholding plan has been fully implemented, enhancing corporate governance and aligning interests among shareholders and employees[58] - The company distributed a cash dividend of RMB 1.00 per share for the 2017 fiscal year, totaling RMB 18,280,241,410.00, and a special dividend of RMB 0.20 per share, totaling RMB 3,656,048,282.00[70] - The mid-year profit distribution for 2018 was approved, with a cash dividend of RMB 0.62 per share, amounting to RMB 11,333,749,674.20[71]

Financial Performance - In the first half of 2018, the company achieved an operating profit of RMB 59.339 billion, a year-on-year increase of 23.3%[15] - The net profit for the same period was RMB 64.770 billion, representing a year-on-year growth of 31.9%[15] - The net profit attributable to shareholders reached RMB 58.095 billion, up 33.8% year-on-year[15] - The company distributed an interim dividend of RMB 0.62 per share, a 24.0% increase compared to the previous year[15] - Total revenue for the first half of 2018 reached RMB 534,814 million, reflecting a 15.3% growth compared to RMB 463,762 million in the first half of 2017[20] - The operating profit for the first half of 2018 was RMB 86,724 million, which is a 32.4% increase from RMB 65,503 million in the first half of 2017[20] - The net profit attributable to the parent company's shareholders for the first half of 2018 was RMB 58,095 million, a 33.8% increase from RMB 43,427 million in the same period of 2017[20] - The company’s return on equity (ROE) for the first half of 2018 was 11.6%, an increase of 1.0 percentage points year-on-year[76] - The total operating profit for the group was RMB 66,038 million, representing a growth of 31.9% compared to RMB 49,093 million in the same period last year[84] Customer Growth and Engagement - The number of individual customers grew to 179 million, a year-on-year increase of 25.2%[15] - The company’s agent scale grew to 1.399 million, reflecting a year-on-year increase of 5.5%[15] - The average number of contracts per customer increased to 2.39, up 4.8% year-on-year, with 30.8% of customers holding contracts from multiple subsidiaries[48] - The number of internet users increased to 48.587 million, up 20.6% year-on-year[24] - The total number of customers reached 57,017 thousand, an increase of 11.7% compared to 51,023 thousand in 2017[111] - The number of individual insurance agents increased by 5.5% to 1,398,827 as of June 30, 2018[111] - The number of internet users from the group's five major ecosystems contributed to 32.7% of new customers, with 8.45 million new customers coming from this segment[40] Insurance Segment Performance - The life and health insurance segment reported an operating profit of RMB 35.595 billion, up 24.7% year-on-year[15] - The operating profit for the life and health insurance business was RMB 35,595 million, representing a year-on-year increase of 24.7%[116] - The life and health insurance business net profit reached RMB 34,328 million, up 44.2% from RMB 23,806 million in the same period last year[84] - The new business value in the life insurance segment reached RMB 38.757 billion, a slight increase of 0.2% year-on-year[15] - The health insurance segment saw a significant premium increase of 61.6%, reaching RMB 1,849 million compared to RMB 1,144 million in the first half of 2017[103] - The total premium income for the first half of 2018 reached RMB 351,999 million, an increase of 22.6% compared to RMB 287,116 million in 2017[125] - The scale premium for life insurance reached RMB 337,222 million, a growth of 22.3% compared to RMB 275,639 million in the first half of 2017[103] Technology and Innovation - The number of technology patent applications reached 6,121 by the end of June 2018, an increase of 3,091 from the beginning of the year[19] - The company has over 24,000 R&D personnel and collaborates with top universities and research institutions to advance fintech and health tech[55] - Ping An's AI-driven solutions have been implemented in nearly 70 financial and non-financial institutions, enhancing customer service and risk management[57] - The blockchain technology, Ping An One Account Chain, supports a transaction volume of 10,000 transactions per second and has established over 37,000 blockchain nodes[61] - The company is focusing on integrating financial services with technology to improve service efficiency and customer experience[37] Investment and Financial Management - The total assets as of June 30, 2018, amounted to RMB 6,851,431 million, representing a 5.5% increase from RMB 6,493,075 million at the end of 2017[20] - The company’s total liabilities rose by 5.3% to RMB 6,216,339 million as of June 30, 2018, up from RMB 5,905,158 million at the end of 2017[100] - The annualized net investment yield decreased to 4.2% from 4.9% in the previous year, reflecting a decline of 0.7 percentage points[138] - The net investment income for the first half of 2018 was RMB 58.424 billion, a decrease of 7.3% from RMB 63.049 billion in the same period of 2017[194] - The company has optimized its asset allocation by increasing the proportion of low-risk bonds and diversifying its investment portfolio to mitigate risks associated with equity market fluctuations[185][186] Claims and Policyholder Benefits - The total claims and policyholder benefits increased by 13.1% to RMB 214,898 million, compared to RMB 190,042 million in 2017[131] - The insurance business commission expenses rose by 61.6% year-on-year, totaling RMB 25,740 million, with the commission expenses accounting for 21.7% of the original insurance premium income, an increase of 6.3 percentage points[174][176] - The combined cost ratio for the first half of 2018 was 95.8%, a decrease of 0.3 percentage points year-on-year, with a non-annualized ROE of 8.3%[150] - The company reported a significant increase in premium income from the non-motor vehicle insurance segment, driven by a 47.4% rise in guarantee insurance premiums[165] Social Responsibility and Community Engagement - Ping An is committed to social responsibility initiatives, including the "Three Villages Project" to support rural development[32] - The company continues to enhance its service quality and channel management, resulting in a significant increase in customer engagement and retention[40]

Financial Performance - Operating revenue for Q1 2018 was RMB 310,452 million, representing a 16.8% increase from RMB 265,755 million in Q1 2017[4] - Net profit attributable to shareholders of the parent company rose by 11.5% to RMB 25,702 million in Q1 2018, up from RMB 23,053 million in Q1 2017[4] - Basic earnings per share increased by 11.6% to RMB 1.44 in Q1 2018, compared to RMB 1.29 in Q1 2017[4] - In Q1 2018, the company achieved a net profit of RMB 28.951 billion, a year-on-year increase of 12.5%[14] - The operating profit attributable to shareholders was RMB 28.200 billion, reflecting a growth of 17.7% compared to the same period last year[20] - Net profit for Q1 2018 reached RMB 6,595 million, a 6.1% increase from RMB 6,214 million in Q1 2017[34] - Total operating income for Q1 2018 was RMB 28,026 million, up 1.1% from RMB 27,726 million in Q1 2017[34] - Investment income for Q1 2018 was RMB 36,645 million, an increase from RMB 29,428 million in Q1 2017, showing a growth of 24.6%[73] - Insurance business revenue increased to RMB 253,109 million in Q1 2018, compared to RMB 211,093 million in Q1 2017, marking a growth of 19.9%[72] Assets and Liabilities - Total assets increased by 3.6% to RMB 6,725,766 million as of March 31, 2018, compared to RMB 6,493,075 million at the end of 2017[4] - Total liabilities as of March 31, 2018, amounted to RMB 6,108,353 million, up from RMB 5,905,158 million at the end of 2017[70] - The insurance contract liabilities increased to RMB 1,504,530 million as of March 31, 2018, compared to RMB 1,391,548 million at the end of 2017, reflecting an increase of 8.1%[70] - The total equity attributable to shareholders of the parent company increased to RMB 501,898 million as of March 31, 2018, from RMB 473,351 million at the end of 2017[70] Cash Flow - The net cash flow from operating activities was RMB 139,867 million in Q1 2018, a significant improvement from a negative RMB 41,685 million in Q1 2017[4] - Total cash inflow from investment activities was RMB 433,039 million, while cash outflow was 515,559 million, resulting in a net cash flow of RMB -82,520 million for Q1 2018[76] - The total cash inflow from financing activities was RMB 296,067 million, with a cash outflow of RMB 297,904 million, leading to a net cash flow of RMB -1,837 million[76] Shareholder Information - The total number of shareholders reached 509,891 as of March 31, 2018, with 505,293 holding A shares and 4,598 holding H shares[9] - The top ten shareholders collectively held 60.88% of the total shares, with the largest shareholder being Hong Kong Central Clearing Limited, holding 32.72%[9] - The company proposed a special dividend of RMB 0.20 per share, totaling RMB 3.656 billion, to celebrate its 30th anniversary[14] - The company proposed a cash dividend of RMB 1.00 per share for the 2017 fiscal year, totaling RMB 18,280,241,410.00, subject to shareholder approval on May 23, 2018[57] Business Segments - The life and health insurance business reported premium income of RMB 230.585 billion, up 24.9% year-on-year, with a new business value of RMB 19.897 billion and a new business value rate of 30.2%[15] - The property insurance business reported premium income of RMB 63.217 billion, a year-on-year increase of 17.8%, with a combined cost ratio of 95.9%[15] - The asset management business saw a profit increase of 25.8%, reaching RMB 42.57 billion, while the financial technology and medical technology sectors reported a profit of RMB 18.42 billion, a significant turnaround from a loss[20] - The retail banking business saw retail customer assets grow by 9.2% and retail deposits increase by 13.4% compared to the beginning of the year[15] Technology and Innovation - The company has filed a total of 4,418 patents as of March 2018, an increase of 1,388 patents since the beginning of the year, emphasizing its commitment to technology innovation[23] - The company aims to enhance its position as a leading technology-driven financial service group, focusing on five major ecosystems[39] Financial Standards and Regulations - The company executed new financial instrument accounting standards starting January 1, 2018, impacting the recognition and measurement of financial instruments[67] - The company will withhold a 10% corporate income tax on special dividends distributed to non-resident enterprise shareholders[60] - The company will also withhold a 10% personal income tax on dividends paid to overseas individual shareholders, with potential tax treaty benefits applicable[61]

Financial Performance - The company reported a total revenue of CNY 1,200 billion for the fiscal year, representing a year-over-year growth of 15%[10]. - The company expects a revenue growth of 10% to 12% for the next fiscal year, driven by new product launches and market expansion[10]. - The operating profit margin improved to 18%, up from 16% in the previous year, reflecting better cost management[10]. - The company declared a cash dividend of CNY 1.00 per share, totaling CNY 18.28 billion for the fiscal year[10]. - In 2017, the company achieved a net profit of 99.978 billion RMB, a year-on-year increase of 38.2%[34]. - The net profit attributable to shareholders reached 89.088 billion RMB, up 42.8% year-on-year[34]. - The total revenue for the year reached RMB 462.88 billion, showing a significant increase from previous years[46]. - The net profit attributable to shareholders was RMB 89.09 billion, marking a substantial increase compared to prior years[55]. - The group achieved a customer average profit of 355.85 RMB, which is a 14.2% increase compared to the previous year[107]. - The operating profit attributable to the parent company reached RMB 94.708 billion, an increase from RMB 68.252 billion in the previous year[88]. - The operating profit for the company was RMB 134.758 billion, reflecting a 44.3% increase from the previous year[138]. - The company's total investment income increased by 34.1% to RMB 113,811 million in 2017[184]. Customer Growth - The user base increased to 200 million active users, a 20% increase compared to the previous year[10]. - The number of personal customers increased to 166 million, a growth of 26.4% from the beginning of the year[35]. - New customer additions totaled 46.3 million, representing a 20.5% increase year-on-year[67]. - The total number of individual customers reached 166 million by the end of 2017, a year-on-year increase of 26.4%[98]. - The number of internet users within the group reached 436.39 million, up 26.0% from the previous year, while APP users increased to 369.42 million, a growth of 58.3%[105]. - The average age of customers is 37.8 years, with 65.1% classified as middle class or above[72]. - The proportion of customers holding contracts from multiple subsidiaries increased to 28.5%, a rise of 4.5 percentage points from the previous year[92]. - The number of agents increased by 24.8% to 1.386 million, contributing to improved sales capacity[172]. Product Development and Innovation - Investment in new technology and product development reached CNY 50 billion, accounting for 4.2% of total revenue[10]. - A strategic acquisition of a fintech company was completed for CNY 5 billion, expected to enhance digital service offerings[10]. - The company has launched a new health insurance product, projected to generate CNY 10 billion in revenue within the first year[10]. - The company launched new products focusing on multi-claim cancer coverage and high-end whole life insurance, enhancing its product offerings[170]. - The introduction of AI technology has significantly enhanced customer service and agent management, improving retention and productivity[171]. - The company aims to enhance its traditional channel advantages while expanding its internet service coverage to drive customer growth[115]. - The company plans to continue leveraging technology to innovate and improve customer experience in its financial services[117]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next three years[10]. - The company has invested over RMB 100 billion in rural development initiatives, providing insurance and financing services exceeding RMB 1 trillion[42]. Risk Management - Risk management strategies have been enhanced, focusing on credit and market risks, with a dedicated budget of CNY 2 billion for risk mitigation[10]. - The company built a robust security system for real-time risk monitoring and response, enhancing safety across all business processes[127]. Technology and Patents - The company holds over 3,000 financial and medical technology patents, with several leading globally in their respective fields[40]. - As of December 31, 2017, Ping An's patent applications reached 3,030, a 262.0% increase from the beginning of the year, covering multiple technology fields[121]. - The facial recognition technology achieved an accuracy rate of 99.8%, with over 1 billion calls across more than 200 application scenarios[119]. - Ping An's big data platform conducted over 900 million credit inquiries in the year, establishing partnerships with 468 banks and 1,890 non-bank financial institutions[125]. - The blockchain technology, "Yizhang Chain," has established over 17,000 application nodes and is applied in 12 scenarios, leading in domestic patent holdings[119]. Financial Health - Total assets grew to RMB 6,493.08 billion, reflecting a strong upward trend over the past five years[48]. - The total assets increased by 16.4% to CNY 6,493.075 billion, while total liabilities rose by 16.0% to CNY 5,905.158 billion[83]. - The company's equity attributable to shareholders grew by 23.4% to RMB 473.351 billion by the end of 2017[139]. - The group’s total equity reached RMB 587.917 billion, marking a 20.9% increase from RMB 486.461 billion in 2016[145].