中国平安(02318) - 2022 - 中期财报

Financial Performance - In the first half of 2022, the operating profit attributable to the parent company's shareholders reached RMB 85.34 billion, a year-on-year increase of 4.3%[6]. - The bank's operating income was RMB 92.02 billion, reflecting an 8.7% year-on-year growth, while net profit increased by 25.6% to RMB 22.09 billion[6]. - The company distributed an interim cash dividend of RMB 0.92 per share, an increase of 4.5% year-on-year[16]. - The net profit attributable to shareholders of the parent company was RMB 60.273 billion, up 3.9% year-on-year[28]. - The life insurance and health insurance business achieved an operating profit of RMB 58.993 billion, a year-on-year increase of 17.4%[17]. - The net profit from the banking business was RMB 22.088 billion, reflecting a 25.6% year-on-year increase[28]. - The net profit from the property insurance business decreased by 22.3% year-on-year to RMB 8.381 billion[28]. - The asset management business reported a decrease of 45.1%, with net profit dropping to RMB 4.40 billion from RMB 8.01 billion[79]. - The company’s net profit attributable to the parent company was RMB 60.27 billion, a 3.9% increase from the previous year[73]. Customer Base and Engagement - The number of individual customers exceeded 225 million, with an average of 2.95 contracts per customer, up 1.4% from the beginning of the year[6]. - The number of individual customers reached 22.516 million, with a year-on-year increase of 1.5%[41]. - The number of annual active users exceeded 342 million, with each internet user utilizing an average of 2.09 online services[42]. - Over 64% of Ping An's 225 million individual customers utilized services from the healthcare ecosystem[19]. - The registered users of the "Ping An Pocket Bank" app exceeded 140 million, with nearly 50 million users actively using online services each month[14]. - The number of registered operating users on the "Ping An Bank Digital Wallet" platform reached 10.853 million by June 30, 2022, an increase of 33.3% year-to-date[54]. Insurance and Health Services - The new business value of life and health insurance increased by 26.9%, with a 13-month policy continuation rate rising by 4.1 percentage points[6]. - The health ecosystem strategy has achieved 100% cooperation with top 100 hospitals and tertiary hospitals in China, with over 208,000 partnered pharmacies[6]. - The health insurance premium income exceeded RMB 70 billion in the first half of 2022[64]. - The customer base for the health management service "Ping An Zhenxiang RUN" reached approximately 15 million, with a customer satisfaction rate of 98%[93]. - The diabetes management service has been used by over 500,000 individuals, with 92% of users improving their blood sugar levels[68]. Technology and Innovation - The company’s technology patent applications increased by 4,674 to a total of 43,094, ranking among the top international financial institutions[8]. - The company aims to enhance customer experience through continuous technological innovation and product optimization, focusing on customer-centric strategies[49]. - The company has integrated over 50,000 internal and external doctors, with more than 10,000 cooperating hospitals in China[67]. Investment and Financial Strategy - The total investment income for the first half of 2022 is RMB 55,033 million, reflecting the impact of market volatility on investment returns[104]. - The company has implemented a disciplined and flexible investment operation to optimize asset-liability matching, focusing on long-term, low-risk bonds[148]. - The company has established a comprehensive risk management framework for corporate bonds, including asset allocation and dynamic review processes[157]. - The company has maintained a strong reinsurance policy, collaborating with nearly 100 global reinsurers to enhance underwriting capacity and mitigate operational risks[135]. Corporate Social Responsibility - The cumulative support funds for poverty alleviation and industrial revitalization reached RMB 49.72 billion[9]. - The green finance investment scale reached RMB 249.36 billion, with green banking business scale at RMB 161.73 billion[8]. - The company has established partnerships with over 100 top hospitals and 10,000 health management institutions, covering 100% of top-tier hospitals in China[62]. Operational Efficiency - The comprehensive cost ratio for the insurance business was 97.3%, an increase of 1.4 percentage points compared to the previous year[120]. - The company aims to enhance operational efficiency and service quality in the life insurance sector while controlling operational costs for sustainable high-quality development[25]. - The company is expected to improve its comprehensive cost ratio in the medium to long term due to various economic support policies and risk management measures[120].