Core Insights - Shenzhen has produced a number of globally impactful companies, showcasing a shift from "Made in China" to "Created in China" [2] - The 45th anniversary of Shenzhen Special Economic Zone marks a significant milestone in its rapid modernization and brand development [2][3] - The "Shenzhen Brand Development White Paper (1980-2025)" outlines the evolution of Shenzhen's brands and their internal logic and success factors [3][5] Group 1: Brand Evolution - Shenzhen's brand journey reflects a transition from manufacturing to innovation, with key phases including the emergence of local brands in the 1980s and 1990s, and the rise of autonomous brands in the early 2000s [7][10] - The current phase is characterized by cluster upgrades, with companies like Tencent, BYD, and DJI leading in various sectors [8][10] - As of now, Shenzhen has cultivated 1,220 notable local brands, including 13 billion-level brands and 7 trillion-level brands, with Tencent, Ping An, and Huawei each exceeding a brand value of 490 billion [10][11] Group 2: Economic Contributions - The 1,220 notable brands contribute 47.97% of the city's sales, 42.05% of tax revenue, and 32.87% of exports, serving as the backbone of Shenzhen's high-quality economic development [11] - These brands span critical sectors such as electronics, renewable energy, biomedicine, high-end equipment, financial services, and digital economy, forming a robust industrial structure [11] Group 3: Brand Development Factors - Shenzhen's brand success is attributed to a unique ecosystem supported by policy innovation, technological advancement, and collaborative industrial frameworks [15][16][19] - The government has played a crucial role in creating a conducive environment for brand growth through targeted policies and regulatory frameworks [16] - Innovation drives brand competitiveness, with companies investing over 10% of their annual revenue in R&D, fostering a comprehensive innovation ecosystem [17] Group 4: Global Expansion and Responsibility - Shenzhen brands have established clear pathways for international expansion, evolving from processing trade to localized operations and global standardization [20] - Social responsibility is ingrained in the corporate strategy, enhancing brand value and sustainability through practices like tax compliance and community support [21] Group 5: Future Outlook - The release of the white paper is a significant step in documenting Shenzhen's brand journey and providing strategic guidance for future brand development [31] - Shenzhen's brands are expected to continue thriving in emerging sectors like digital and low-altitude economies, contributing to the global narrative of Chinese brands [33][34]

Core Viewpoint - The National Financial Supervision Administration of Weifang has approved the change of business location for China Ping An Life Insurance Co., Ltd. Weifang Central Branch Haihua Marketing Service Department [1] Group 1 - The new business location is set to be at No. 607, Building 7, Haihua Street, Binhai Economic Development Zone, Weifang City, Shandong Province [1] - The company is required to handle the change and obtain the necessary permits in accordance with relevant regulations [1]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The insurance sector is expected to undergo a value reassessment, with the company demonstrating significant advantages in managing liability costs and outperforming peers in interest spread performance [6][24] - The company has a strong focus on shareholder returns, with a consistent increase in dividends over the past 13 years, and a projected dividend yield of 4.0% for A shares and 4.5% for H shares in 2025 [8][12] - The company is expected to benefit from a stable long-term interest rate environment and ongoing asset allocation improvements, which will enhance investment returns [31][33] Summary by Sections 1. Insurance Sector Revaluation - Concerns over interest spread losses have become a core factor affecting the valuation of life insurance companies, with the average P/EV of A-share listed insurance companies dropping below 1.0x since 2021 [23] - The company has the lowest new liability cost among A-share insurers at 2.42% for 2024, and a stock liability cost of 2.50%, indicating strong management capabilities [25] 2. Fundamental Improvement and NBV Growth - The company's net profit for the first three quarters of 2025 increased by 11.5% year-on-year, driven by strong investment performance and improved operational metrics [7][37] - The company’s NBV (New Business Value) growth is robust, with a year-on-year increase of 28.8% in 2024 and 46.2% in the first three quarters of 2025 [53] - The company’s diversified channel strategy is yielding results, with the bancassurance channel expected to continue contributing significantly to NBV growth [60][71] 3. High Dividend Characteristics - The company is currently underweighted by public funds compared to the CSI 300 index, which may lead to increased capital inflows as market conditions stabilize [8][12] - The company’s dividend mechanism based on OPAT (Operating Profit After Tax) is expected to support a recovery in double-digit growth for OPAT in 2026 [8][12] 4. Financial Forecast and Valuation - The company’s projected net profit for 2025-2027 is expected to reach 1,468 billion, 1,612 billion, and 1,880 billion respectively, with year-on-year growth rates of 15.9%, 9.9%, and 16.6% [12] - The estimated company value for 2026 is projected at 1.70 trillion RMB, with a target price of 93.8 RMB per share, corresponding to a P/EV of 0.99x [12]

Group 1 - The National Financial Supervision Administration of Baoding approved the request from China Ping An Life Insurance Company Limited Hebei Branch for the relocation of its Anguo Marketing Service Department [1] - The new business location is specified as: No. 1-101, Building 36, Yao Du New City, Anguo City, Baoding, Hebei Province [1] - The company is required to handle the change and obtain the necessary permits in accordance with relevant regulations [1]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2026 on February 13, 2026, at 14:00 [1] - The meeting will be convened by the company's board of directors [1] - Voting will be conducted through a combination of on-site and online voting [1] Group 2 - The on-site meeting will take place at the Ping An Financial Education Training Center in Longhua District, Shenzhen [1] - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, available from 9:15 to 15:00 on the day of the meeting [2] - Specific voting procedures for margin trading, transfer, and other related accounts must comply with relevant regulations [3] Group 3 - There are no proposals for public solicitation of shareholder voting rights [4] - The meeting will review specific resolutions, with details available on the Shanghai Stock Exchange website [5] - There are no special resolutions or proposals requiring separate counting for minority investors [5] Group 4 - Shareholders must register to attend the meeting, providing necessary identification and documentation [7][8] - The registration for the on-site meeting will be open from 12:30 to 14:00 on February 13, 2026 [10] - The company will not cover expenses for attending shareholders [10]

证券日报网讯 12月29日，中国平安（601318）发布公告称，公司将于2026年2月13日召开2026年第一次 临时股东会。 ...

中国平安保险（集团）股份有限公司 2026 年第一次临时股东会资料 2026 年 2 月 13 日 深圳 1 中国平安保险（集团）股份有限公司 2026 年第一次临时股东会议程 现场会议时间：2026 年 2 月 13 日 14:00 开始 现场会议地点：中国广东省深圳市龙华区龙华大道 7280 号平安（深圳）金融教 育培训中心平安会堂 网络投票时间：采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票时间为股东会召开当日的交易时间段，即 2026 年 2 月 13 日 9:15-9:25， 9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为 2026 年 2 月 13 日 9:15-15:00。 2026 年第一次临时股东会审议文件 中国平安保险（集团）股份有限公司 关于修订《公司章程》的议案 各位股东： 议程内容 审议及批准《关于修订〈公司章程〉的议案》 2 一、宣布会议开始及会议议程 二、议案名称 非累积投票方式（特别决议案）： 三、回答股东提问 四、投票表决前宣布出席会议股东人数、代表股份数 五、投票表决 六、宣布表决结果 七、宣布会议结束 | 1、2026 年第一次 ...

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份內容 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。 中國平安保險（集團）股份有限公司（「本公司」及其附屬公司「本集團」）董事會（「董 事會」）兹通告謹定於二零二六年三月二十六日（星期四）舉行董事會會議，以考慮及 通過，其中包括，本集團截至二零二五年十二月三十一日止的年度業績、建議之末期股 息（如有），以及處理其他事項。 承董事會命 盛瑞生 公司秘書 中國深圳，2025年12月29日 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執行董事為謝吉 人、楊小平、何建鋒及蔡潯；獨立非執行董事為吳港平、金李、王廣謙、洪小源、宋獻中及陳曉峰。 董事會召開日期 ...

召开的日期时间：2026 年 2 月 13 日 14 点 00 分 召开地点：广东省深圳市龙华区龙华大道 7280 号平安（深圳）金融教育培 训中心平安会堂 (五)网络投票的系统、起止日期和投票时间。 证券代码：601318 证券简称：中国平安 公告编号：临2025-049 中国平安保险（集团）股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2026 年 2 月 13 日至2026 年 2 月 13 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 1 股东会召开日期：2026年2月13日 本次股东会采用的网络投票 ...

格隆汇12月29日丨中国平安(02318.HK)发布公告，董事会谨定于2026年3月26日(星期四)举行董事会会 议，以考虑及通过，其中包括，集团截至2025年12月31日止的年度业绩、建议的末期股息(如有)，以及 处理其他事项。 ...