PING AN OF CHINA(HK:02318) Sou Hu Cai Jing·2025-05-30 03:48Core Viewpoint - Ping An Pension Insurance celebrates its 37th anniversary, highlighting its achievements in the pension finance sector over the past 20 years and its commitment to becoming an international leader in integrated financial and healthcare services by 2025 [1] Company Overview - Established in 2004, Ping An Pension Insurance has focused on the pension finance sector, responding to national strategies and contributing to the construction of the pension insurance system [1] - As the first professional pension insurance company in China, it aims to build a "domestically leading pension financial service institution" and integrates pension finance with health management [1] Financial Performance - As of the end of Q1 2025, the company has a registered capital of 11.6 billion yuan, total assets of 89.6 billion yuan, and net assets of 20.9 billion yuan, with a solvency adequacy ratio significantly exceeding regulatory requirements [1] - In 2024, the company reported original insurance premium income of 16.595 billion yuan [1] Market Position and Strategy - Ping An Pension Insurance is the largest registered capital pension insurance company in China, with 35 branches and has served 4.55 million group clients by the end of 2024 [1] - The company is actively responding to sustainable development strategies, achieving notable results in green industry insurance [1] Industry Context - As China accelerates into a deeply aging society, the pension industry is expected to enter a golden development period, although the pension finance sector faces numerous challenges [1] - The company adheres to a "long-term investment" philosophy, demonstrating excellent performance in both investment and entrusted management in annuity management [1] Product Development - In the commercial pension insurance sector, Ping An Pension Insurance has launched floating income products and is exploring diversified withdrawal mechanisms, with plans to offer one-stop pension solutions in the future [1] Commitment to National Strategy - The company serves as a core pillar of the Ping An Group and a pioneer in supporting the national pension strategy, committing to "long-termism" and contributing to the "Ping An strength" [1]