中国平安(02318) - 2024 - 中期财报

Financial Performance - In the first half of 2024, the group achieved an operating profit attributable to shareholders of RMB 78.482 billion, with an annualized operating ROE of 16.4%[4] - The bank's net profit for the first half of 2024 was RMB 25.879 billion, reflecting a year-on-year growth of 1.9%[4] - Net profit attributable to shareholders reached RMB 74.619 billion, representing a year-on-year growth of 6.8%[11] - The total assets of the company as of June 30, 2024, were RMB 12,226.67 billion, compared to RMB 11,583.42 billion at the end of 2023[6] - The total operating profit for the group was RMB 78.482 billion, a decrease of 0.6% compared to the previous year[28] - The annualized operating ROE for the same period was 16.4%, down from 17.6% in 2023[23] - The operating profit for the first half of 2024 was RMB 56,301 million, up by 1.3% from RMB 55,564 million in 2023[41] - The total liabilities increased by 5.9% to RMB 10,961,716 million from RMB 10,354,453 million[184] Insurance Business Performance - The new business value of life and health insurance reached RMB 22.320 billion, representing a year-on-year growth of 11.0%[4] - The life and health insurance segment contributed RMB 54.657 billion to the operating profit, while the property insurance and banking segments contributed RMB 9.909 billion and RMB 14.999 billion, respectively[26] - The new business profit margin for life insurance was 10.3%, a slight decrease of 0.3 percentage points compared to the previous year[32] - The total scale premium for life and health insurance business in the first half of 2024 reached RMB 387.766 billion, compared to RMB 379.918 billion in 2023, indicating a growth of 2.2%[44] - The new business value for the first half of 2024 was RMB 22,320 million, representing an 11.0% increase from RMB 20,112 million in the same period last year[20] Investment Performance - The investment portfolio of insurance funds achieved an annualized comprehensive investment return of 4.2%, up by 0.1 percentage points year-on-year[4] - The total investment income for the first half of 2024 was RMB 8.59 billion, representing a 6.7% increase from RMB 8.04 billion in the previous year[50] - The company's investment portfolio achieved an annualized comprehensive investment return rate of 4.2% in the first half of 2024, an increase of 0.1 percentage points year-on-year, primarily due to a balanced asset allocation strategy[69][64] - The net investment yield was 3.3% for the first half of 2024, a decrease of 0.2 percentage points compared to the previous year[64] Customer and Market Engagement - As of June 30, 2024, the number of individual life insurance sales agents reached 340,000, with a per capita new business value growth of 36.0%[4] - The registered user count for the "Ping An Good Car Owner" app exceeded 218 million, with over 142 million vehicles linked[13] - Over 63% of Ping An's 236 million individual customers utilized services from the medical and elderly care ecosystem, with an average of 3.36 contracts per customer[15] - The average number of contracts per individual customer was 2.93, with over 87.92 million customers holding contracts from multiple subsidiaries[123] Digital Transformation and Innovation - The company emphasizes digital transformation to enhance customer service and operational efficiency[11] - The company is implementing a dual-driven strategy of "comprehensive finance + medical care and elderly care" supported by technology[25] - The company has established an internal credit rating team to manage investment risks effectively, ensuring a robust risk management framework[73] - The company continues to enhance its technology capabilities, employing over 20,000 technology developers and 3,000 scientists[111] Dividend and Capital Management - The interim cash dividend per share is set at RMB 0.93, consistent with the previous year[7] - The company plans to distribute an interim cash dividend of RMB 0.93 per share, maintaining stable cash dividend levels[12] - The cash dividend payout ratio based on attributable operating profit for 2023 is 37.3%[189] - The actual capital as of June 30, 2024, is RMB 1,749,657 million, up from RMB 1,714,110 million at the end of 2023[192] ESG and Sustainable Development - The company has invested nearly RMB 9.46 trillion to support the development of the real economy as of June 30, 2024[5] - The scale of green investments by the company reached RMB 124.877 billion, with green loan balances at RMB 164.634 billion[197] - The company has cumulatively invested over CNY 1.5 trillion directly into the real economy through various investment plans, with an additional CNY 27 billion in new investments in the first half of 2024[199] - The ESG management framework consists of four levels: strategic, management, execution, and practice, ensuring comprehensive oversight and integration of ESG matters[198]