Core Viewpoint - China Ping An (02318) announced that it will distribute an interim dividend of 0.95 yuan per share on October 24, 2025 [1] Summary by Relevant Categories - **Company Announcement** - The company will pay an interim dividend of 0.95 yuan per share [1]

About Us [Who We Are](index=3&type=section&id=Who%20We%20Are) The company has developed into a leading international "integrated finance + healthcare and elderly care" service group, ranking first in global insurance group brand value, serving nearly 247 million individual customers and over 4 million group customers, and listed in Hong Kong and Shanghai - The company is a leading international "integrated finance + healthcare and elderly care" service group, ranking first in global insurance group brand value[11](index=11&type=chunk) - Serves a large number of customers, covering nearly **247 million** individual customers and over **4 million** group customers[11](index=11&type=chunk) - The company is dual-listed on the Main Board of The Stock Exchange of Hong Kong (2318.HK) and the Shanghai Stock Exchange (601318.SH)[11](index=11&type=chunk) [Company Mission](index=4&type=section&id=Company%20Mission) The company is committed to becoming a leading international integrated financial, healthcare, and elderly care service group, upholding the philosophy of "Expertise Makes Life Simpler" by providing "worry-free, time-saving, and cost-effective" services to address customer pain points in finance, healthcare, and elderly care - The company's mission is to become a leading international integrated financial, healthcare, and elderly care service group, creating value for customers, employees, shareholders, and society[14](index=14&type=chunk) - Upholds the philosophy of "Expertise Makes Life Simpler," providing "worry-free, time-saving, and cost-effective" services[14](index=14&type=chunk)[15](index=15&type=chunk) - Achieves customer peace of mind, efficiency, convenience, and cost optimization through professional advisors, online/offline services, and integrated benefits[16](index=16&type=chunk)[17](index=17&type=chunk)[18](index=18&type=chunk) [Era Opportunities](index=5&type=section&id=Era%20Opportunities) China's economy enters a medium-to-high-speed growth phase, with an expanding middle class and accelerating population aging, driving strong demand for "insurance + services," efficient healthcare, and high-quality elderly care, ushering in a golden development period for the life insurance industry - China's economy is entering a medium-to-high-speed growth phase, with the middle-class population continuously expanding, projected to account for **one-third of the global total by 2030**[20](index=20&type=chunk)[21](index=21&type=chunk)[25](index=25&type=chunk) - Population aging is accelerating, with the proportion of people aged **65 and above expected to exceed 20% by 2030**, and the silver economy's scale potentially reaching **RMB 30 trillion by 2035**[20](index=20&type=chunk)[23](index=23&type=chunk)[26](index=26&type=chunk) - Healthcare demand is growing, with the total scale of the health service industry projected to reach **RMB 16 trillion by 2030**, but facing challenges such as uneven resource allocation[22](index=22&type=chunk)[27](index=27&type=chunk) [Company Strategy](index=6&type=section&id=Company%20Strategy) The company continues to deepen its "integrated finance + healthcare and elderly care" strategy, building core competitiveness through "service differentiation," leveraging technology to provide comprehensive financial advisory, family doctor, and elderly care management professional services, achieving service enhancement, efficiency improvement, cost reduction, and risk prevention - The company deepens its "integrated finance + healthcare and elderly care" strategy, building core competitiveness through "service differentiation"[28](index=28&type=chunk) - In integrated finance, it builds a "one customer, multiple accounts, diverse products, one-stop service" system to enhance customer loyalty[30](index=30&type=chunk) - In healthcare and elderly care, it represents the payer to integrate suppliers, providing cost-effective healthcare and elderly care services, and building professional family doctors and elderly care managers[33](index=33&type=chunk)[34](index=34&type=chunk) - Technology empowerment is central, utilizing AI large models, big data, and other technologies to achieve digital operations, management, and marketing, driving the transformation from "experience-based decision-making" to "data-driven decision-making"[36](index=36&type=chunk) - Technology empowerment yields significant results: AI doctors accurately diagnose over **10,000 diseases**, **94%** of life insurance policies are underwritten in seconds, AI customer service covers **80%** of total service volume, and property insurance anti-fraud intelligent claims interception reduces losses by **RMB 6.44 billion**[38](index=38&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk) [Operating Highlights](index=10&type=section&id=Operating%20Highlights) In the first half of 2025, the Group maintained stable operations, with operating profit attributable to shareholders increasing by 3.7% year-on-year, and interim dividend per share growing by 2.2%; life and health insurance new business value surged by 39.8%, property and casualty insurance business grew steadily with optimized combined ratio; bank net profit remained stable with sound asset quality; integrated finance and healthcare & elderly care strategies continued to deepen, improving customer operating efficiency, and the brand value ranked first globally for insurance brands Group Key Financial Indicators for H1 2025 | Indicator | Amount/Ratio | Year-on-year/vs. beginning of year change | Notes | | :--- | :--- | :--- | :--- | | Operating Profit Attributable to Parent Company Shareholders | RMB 77.732 billion | 3.7% increase | | | Net Profit Attributable to Parent Company Shareholders | RMB 68.047 billion | - | | | Operating Revenue | RMB 546.469 billion | - | | | Equity Attributable to Parent Company Shareholders | RMB 943.952 billion | 1.7% increase | vs. beginning of year | | Interim Dividend Per Share | RMB 0.95 | 2.2% increase | | | Life & Health Insurance New Business Value | 39.8% increase | - | | | Property & Casualty Insurance Gross Written Premiums | RMB 171.857 billion | 7.1% increase | | | P&C Overall Combined Ratio | 95.2% | 2.6 percentage points optimization | | | Bank Net Profit | RMB 24.870 billion | - | | | Bank NPL Ratio | 1.05% | - | | | Individual Customers | Nearly 247 million | 1.8% increase | vs. beginning of year | | Retention Rate of Customers Holding 4+ Group Contracts | 97.8% | - | | | Contribution of Healthcare & Elderly Care Ecosystem Service Rights to Life Insurance NBV | Nearly 70% | - | | | Cumulative Investment in Real Economy | Nearly RMB 10.80 trillion | - | | | Brand Finance Global Insurance Brand Value Top 100 Ranking | 1st place | Ranked first for nine consecutive years | | [Chairman's Statement](index=12&type=section&id=Chairman's%20Statement) The Chairman emphasized the company's inheritance of the Special Economic Zone spirit, reshaping financial models through technological innovation, deepening the "integrated finance + healthcare and elderly care" strategy, leveraging AI technology to achieve service differentiation, enhance customer experience, and actively fulfill social responsibilities; in the first half, the Group maintained stable operations, with significant growth in life insurance new business value, strong performance in property and casualty insurance and banking, deepened implementation of the healthcare and elderly care strategy, and remarkable achievements in technology application - The company inherits the spirit of the Special Economic Zone, driving technological transformation with AI as the core, exploring innovation boundaries, and making financial services inclusive[59](index=59&type=chunk)[60](index=60&type=chunk) - In the first half of 2025, the Group's operating profit attributable to parent company shareholders was **RMB 77.732 billion**, a **3.7%** year-on-year increase; net profit was **RMB 68.047 billion**[61](index=61&type=chunk) - Life and health insurance new business value surged by **39.8%** year-on-year, with policy persistency remaining high[61](index=61&type=chunk)[66](index=66&type=chunk) - Property and casualty insurance gross written premiums were **RMB 171.857 billion**, a **7.1%** year-on-year increase; combined ratio was **95.2%**, optimizing by **2.6 percentage points** year-on-year[67](index=67&type=chunk) - Bank net profit was **RMB 24.870 billion**, non-performing loan ratio was **1.05%**, provision coverage ratio was **238.48%**, with overall stable asset quality[67](index=67&type=chunk) - Healthcare and elderly care strategy deepened, with nearly **63%** of individual customers enjoying healthcare and elderly care ecosystem service rights, and Ping An Family Doctor members exceeding **35 million**[68](index=68&type=chunk)[69](index=69&type=chunk) - AI technology is widely applied, with large model calls reaching **818 million**, assisting sales of **RMB 66.157 billion**, and property insurance anti-fraud intelligent claims interception reducing losses by **RMB 6.44 billion**[71](index=71&type=chunk) - Actively fulfills social responsibilities, with cumulative investment of nearly **RMB 10.80 trillion** supporting real economy development, and MSCI ESG rating upgraded to **AA**[72](index=72&type=chunk) [Financial Summary](index=16&type=section&id=Financial%20Summary) This section provides key financial indicators for the Group and its business segments in the first half of 2025, including operating profit, net profit, assets and liabilities, solvency, new business value, combined ratio, and non-performing loan ratio, comprehensively demonstrating the company's stable operating performance and growth trends across all businesses Group and Segment Key Financial Indicators for H1 2025 | Indicator | H1 2025 (RMB million/%) | H1 2024 (RMB million/%) | Change (%) / Percentage Points | | :--- | :--- | :--- | :--- | | **Group Performance** | | | | | Operating Profit Attributable to Parent Company Shareholders | 77,732 | 74,986 | 3.7% | | Net Profit Attributable to Parent Company Shareholders | 68,047 | 74,619 | -8.8% |

免責聲明 | 灣仔 | | | | | --- | --- | --- | --- | | 香港 | | | | | 代扣所得稅信息 | | | | | 詳情請參見本公司截至2025年6月30日止6個月的未經審計業績公告之"上市證券持有人 | | | | | 所享有的稅項減免資料"章節所載内容。 | | | | | 股東類型 | | 稅率 | 有關代預扣所得稅之更多補充 | | | | | （如適用） | | 非居民企業 | | | | | （非中國內地登記地址） | | 10% | 本公司向於股權登記日名列本公司 | | | | | 股東名冊的H股非居民企業股東 | | | | | （包括香港中央結算（代理人）有 | | | | | 限公司）派發股息時，有義務代扣 | | | | | 代繳10%的企業所得稅。 | | 非個人居民 | | | | | （非中國內地登記地址） | | 10% | 境外居民個人股東從境內非外商投 | | | | | 資企業在中國香港發行的股票取得 | | | | | 的股息紅利所得，本公司有義務代 | | | | | 扣代繳個人所得稅，稅率一般為 | | | | | 10%，但是 ...

+ CCS3415 PIAH + NAME(S) AND ADDRESS OF REGISTERED SHAREHOLDER(S) 登記股東之姓名及地址 DIVIDEND CURRENCY ELECTION FORM FOR 2025 INTERIM DIVIDEND OF RMB 0.95 PER SHARE ("2025 INTERIM DIVIDEND") 二零二五年中期股息每股人民幣 0.95 元（「二零二五年中期股息」） 股息貨幣選擇表格 Compliance by the Company with the authorization as set out in this Dividend Currency Election Form will discharge it from all liabilities in respect of dividends so paid. For the avoidance of doubt, the Company will not accept any special instructions written on this form. 本公司按照本股息貨幣 ...

Core Viewpoint - The article emphasizes the importance of financial services in enhancing people's lives and ensuring financial security, particularly in the context of China's push towards common prosperity. It highlights China Ping An's commitment to "finance for the people" through comprehensive protection systems and innovative service practices [1][13]. Group 1: Financial Services and Consumer Protection - China Ping An has established a comprehensive consumer protection system that integrates consumer rights into product design, ensuring clarity and fairness in financial products [11][12]. - The company actively engages in financial education and outreach, conducting over 30,000 activities in 2024, reaching more than 1.5 billion consumers [11][12]. - Ping An's customer service has been enhanced with a dual-mode approach, combining AI and human support, particularly focusing on elderly clients to bridge the digital divide [11][12]. Group 2: Emergency Response and Social Responsibility - In response to natural disasters, China Ping An has implemented an emergency response mechanism, providing timely assistance and support to affected communities [2][3]. - The company has demonstrated its commitment to social responsibility by mobilizing resources for disaster relief, including rapid claims processing and on-site support during emergencies [2][3]. Group 3: Health Management and Global Services - China Ping An has launched the "Ping An 24" global rescue service, providing comprehensive cross-border support for clients facing emergencies abroad [5][6]. - The company is also focused on health management, aligning with national health initiatives to offer integrated medical and insurance services, enhancing preventive care and early diagnosis [6][7]. Group 4: Inclusive Finance and Community Support - Ping An's strategy includes promoting inclusive finance, targeting small and micro enterprises, the elderly, and rural communities to bridge financial service gaps [8][9]. - The company has initiated various financial products and services tailored to meet the needs of different demographics, including health insurance for new residents and long-term care insurance for the elderly [9][10]. Group 5: Commitment to Innovation and Future Goals - China Ping An is committed to redefining financial services through technology and innovation, aiming to make financial services more accessible and user-friendly [13][14]. - The company plans to continue enhancing its service model to ensure that financial services are simple, transparent, and efficient, ultimately supporting individuals in achieving a better quality of life [13][14].

Core Viewpoint - China Ping An has denied rumors regarding the relocation of its Shanghai headquarters to Shenzhen, clarifying that the conclusion is unfounded and that the company is merely reorganizing its office arrangements to enhance management and team collaboration efficiency [1][3]. Company Operations - The company stated that its main office location must align with its registered address according to relevant laws, and some employees working remotely will be required to return to the Shenzhen headquarters for centralized operations [1][3]. - Employees who choose to leave will receive an "N+1" compensation package, while those relocating to Shenzhen will receive salary increases and additional benefits such as travel allowances and moving expenses [1][3]. Company Structure - The registered headquarters of various subsidiaries, including Ping An Asset Management, Ping An Pension Insurance, and Ping An Health Insurance, will remain unchanged despite the relocation rumors [1][5]. - Ping An Life Insurance is a subsidiary of China Ping An Insurance (Group) Company, which holds a 99.5139% stake in Ping An Life, with a registered capital of approximately 33.635 billion yuan [5]. Historical Context - China Ping An's dual headquarters model dates back to 2002, with significant investments in Shanghai, including the construction of the Ping An Financial Building [5][6]. - Over the past decade, China Ping An has created 770,000 jobs in Shanghai, served 7.07 million customers, and contributed 104.6 billion yuan in taxes [6]. Financial Performance - As of June 30, 2025, China Ping An's total assets exceeded 13 trillion yuan, reaching 13.51 trillion yuan, a 4.3% increase from the beginning of the year [6]. - The company reported a revenue of 500.076 billion yuan for the first half of the year, a year-on-year increase of 1%, while net profit attributable to shareholders decreased by 8.8% to 68.047 billion yuan [6]. - The number of agents at Ping An Life decreased by 23,000 to 340,000, with an average new business value per agent of 48,515 yuan, reflecting a growth of 21.6% [7].

Core Points - China Ping An announced the completion of its 2025 Long-term Service Plan through the secondary market, acquiring 74.615 million H-shares, representing 0.412% of the total share capital, with a total transaction amount of 3.875 billion yuan, at an average price of approximately 51.87 yuan per share [1][5] - A total of 83,024 core talents voluntarily participated in the 2025 Long-term Service Plan [1] Shareholding Structure - Directors, supervisors, and senior management hold 1,882,031 shares, accounting for 2.52% of the 2025 Long-term Service Plan [3][5] - Other employees hold 72,732,969 shares, accounting for 97.48% of the 2025 Long-term Service Plan [4][5] - The total shareholding under the 2025 Long-term Service Plan is 74,615,000 shares, representing 100% of the plan [5] Plan Details - Participants in the Long-term Service Plan can only apply for the vesting of their plan rights upon retirement from the company, subject to confirmation and payment of relevant taxes [5] - The Long-term Service Plan was first introduced in October 2018 and has been regarded as a significant talent incentive program in the industry, considered an "upgraded version" of the core personnel shareholding plan launched in 2014 [5]

Core Insights - China Ping An has completed its 2025 long-term service plan by purchasing 74.615 million H-shares, totaling 3.875 billion RMB, with participation from approximately 83,024 employees [2][3] - The long-term service plan has been in place for seven years, with a total of 486,800 participants and nearly 28.8 billion RMB invested, acquiring 351 million A-shares and 182 million H-shares [2][3][4] Summary by Category Long-term Service Plan - The 2025 long-term service plan involved purchasing H-shares at an average price of approximately 51.87 RMB per share, representing 0.412% of the total share capital [3] - The funds for the stock purchase came from employees' payable salary amounts, with a holding ratio of 2.52% for directors and senior management, while other employees held 97.48% [3] Employee Participation - The long-term service plan has a broader coverage compared to the previous core personnel stockholding plan, with 83,024 participants in the current plan versus 2,263 in the core personnel plan [5] - The plan aims to strengthen the long-term alignment of interests between the company and its employees, ensuring shared benefits and risks [5][6] Dividend Distribution - Dividend amounts received by employees vary based on their contributions to the company, reflecting a value-oriented approach [6] - The number of participants in the long-term service plan surged from around 30,000 in its early years to approximately 90,000 in recent years, stabilizing around 80,000 [6]

Core Insights - Kantar BrandZ released the "Top 100 Most Valuable Chinese Brands" list, with China Ping An ranking ninth with a brand value of $29.64 billion, marking a 44.5% year-on-year increase [1][4]. Brand Value Ranking - The top brands include Tencent ($197.99 billion), Alibaba ($84.35 billion), and Moutai ($80.02 billion), with China Ping An at $29.64 billion [2]. Brand Assessment Criteria - The BrandZ ranking evaluates brands based on "financial value" and "brand contribution," highlighting China Ping An's reputation for national trust, public favor, and modern brand image [4]. Strategic Initiatives - China Ping An emphasizes a "people-centered" value approach, focusing on a "comprehensive finance + healthcare and elderly care" strategy, alongside a digital transformation and service enhancement initiative [4]. Customer Base and Growth - As of June 2025, China Ping An's personal customer base is nearly 247 million, equating to one in every six Chinese individuals, with an average of 2.94 contracts per customer, reflecting a 0.3% year-on-year growth [4]. AI Integration in Services - The company has leveraged AI technology, achieving 818 million model calls in the first half of 2025, with AI handling 80% of customer service interactions [5]. Social Responsibility and Sustainability - China Ping An has invested approximately 10.8 trillion yuan in supporting the real economy, with green investments totaling 144.48 billion yuan and green loans at 251.75 billion yuan [6]. Future Outlook - The company plans to strengthen its AI capabilities and utilize advanced technologies to enhance financial service efficiency, aiming to provide a seamless customer experience while contributing to China's modernization and financial strength [6].

■ 本公司第十三届董事会第七次会议审议通过了《关于审议2025年度长期服务计划参与情况的议案》（以 下简称"2025年度长期服务计划"）。 现将本公司2025年度长期服务计划的实施进展公告如下： 截至本公告披露日，本公司2025年度长期服务计划已通过二级市场完成购股，共购得本公司H股股票 （股票代码：02318.HK）74,615,000股，占本公司总股本的比例为0.412%，成交金额合计人民币 3,875,379,402.99元（含费用），成交均价约为人民币51.87元/股。上述购股资金均来源于员工应付薪酬 额度。 自愿参与本公司2025年度长期服务计划的核心人才共83,024人。本次购股后，本公司的董事、监事、高 级管理人员与其他员工在2025年度长期服务计划中的持股情况如下： 证券代码：601318 证券简称：中国平安公告编号：临2025-037 中国平安保险（集团）股份有限公司 关于2025年度长期服务计划完成股票购买的公告 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。 ...