2016-03-15 16:00Company Overview - The company serves over 200 million internet users and 100 million customers, providing insurance, banking, asset management, and internet financial products and services[16]. - The company aims to become an internationally leading personal financial service provider through an integrated financial and internet framework[16]. - The company is committed to becoming an international leader in personal financial services, focusing on a customer-centric approach to enhance service offerings[28]. Financial Performance - Total revenue for 2015 reached RMB 362.63 billion, an increase from RMB 299.37 billion in 2014, representing a growth of approximately 21.1%[30]. - The net profit attributable to shareholders reached RMB 54.203 billion, a year-on-year increase of 38.0%[41]. - The operating revenue for 2015 was RMB 619.99 billion, up 33.9% from 2014[42]. - The basic earnings per share for 2015 were RMB 2.98, compared to RMB 2.47 in 2014, reflecting an increase of approximately 20.6%[33]. - The company's total assets increased significantly, with total assets as of 2015 amounting to RMB 4,765.16 billion, up from RMB 4,005.91 billion in 2014, indicating a growth of about 18.9%[31]. Dividends - The proposed cash dividend for the year-end is RMB 0.35 per share, totaling RMB 6,398,084,493.50, subject to shareholder approval[14]. - The company reported a mid-year dividend of RMB 0.18 per share, amounting to RMB 3,290,443,453.80[14]. Risk Management - The company emphasizes risk management, addressing insurance, credit, market, and operational risks[14]. - The company has implemented various measures to effectively manage and control risks[14]. - The company's future performance may be affected by various known and unknown risks, including market competition and regulatory changes[5]. Customer Growth - The total number of individual customers for the core financial company reached nearly 109 million, with over 30 million new customers added[41]. - The total number of individual customers at the end of 2015 was 10.86 million, with a significant increase in various segments such as life insurance and retail banking[119]. - The company added 30.78 million new customers in 2015, with 33.9% of these new customers coming from customer migration[107]. Insurance Business - The life insurance business achieved a scale premium of nearly RMB 300 billion, while the property insurance premium income exceeded RMB 160 billion[41]. - The life insurance business generated premium income of RMB 299.814 billion, with nearly 870,000 agents contributing to the continuous improvement of new business value[90]. - The property insurance business reported premium income of RMB 163.955 billion, maintaining a comprehensive cost ratio of 95.6%[90]. - The health insurance premium income grew by 25.4% to RMB 5.23 billion in 2015, reflecting the company’s expanding influence in the high-end medical insurance market[147]. Investment Performance - The total investment return rate for insurance funds was 7.8%, up 2.7 percentage points year-on-year, while the net investment return rate was 5.8%, an increase of 0.5 percentage points[62]. - The company's investment income significantly increased to RMB 104,882 million in 2015, compared to RMB 62,319 million in 2014, marking a growth of 68.4%[150]. - The net investment income for life insurance business rose by 26.1% to RMB 73.587 billion in 2015, with a net investment yield of 5.7%[166]. Technology and Innovation - The company continues to implement the "Technology Leading Finance" strategy, with the "Internet + Comprehensive Finance" model maturing and user experience improving[41]. - The company plans to deepen the "Internet+" strategy and enhance the integration of traditional industries with the internet in 2016[75]. - The company launched innovative services such as "telephone direct compensation" for auto insurance, enhancing customer experience and efficiency in claims processing[54]. Market Position - The market share of Ping An Life Insurance in the original insurance premium income was 13.1%, making it the second-largest life insurance company in China[136]. - The company maintained a market share of approximately 19.4% of the total original insurance premium income in China, making it the second-largest property insurance company in the country[182]. Audit and Compliance - The financial report has been audited by PwC, receiving a standard unqualified opinion[12]. - The board of directors guarantees the accuracy and completeness of the financial data presented in the report[11]. - The company has no instances of non-operational fund occupation by controlling shareholders or related parties[13].