2018-10-29 16:00Financial 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]