Mei Ri Jing Ji Xin Wen·2025-07-23 06:32Core Viewpoint - The report titled "A股新七舰" identifies investment opportunities in the A-share market, focusing on companies that align with the dual themes of high dividends and technological innovation, with China Ping An being a notable inclusion [1] Group 1: Company Performance - In the first half of 2025, China Ping An's A-shares rose over 8% and H-shares over 12%, demonstrating a steady upward trend compared to the previous year's volatility [2] - China Ping An's average revenue over the past three years ranks second among the "A股新七舰" companies, and it is the only financial enterprise in A-shares projected to exceed 1 trillion yuan in revenue for 2024 [5][6] Group 2: Strategic Direction - China Ping An has positioned itself in the growing sectors of finance, healthcare, and elderly care, aligning its strategy with societal and economic trends [3][4] - The company emphasizes a dual-driven model of "comprehensive finance + healthcare," aiming to create a holistic service ecosystem that includes health management and high-quality elderly care [2][5] Group 3: Market Demand - The rise of the middle-income group in China is driving strong demand for comprehensive financial services, with projections indicating that this group will constitute one-third of the global middle-income population by 2030 [3] - The healthcare sector is experiencing increased demand for efficient services, with the total scale of the health service industry expected to reach 16 trillion yuan by 2030 [3][4] Group 4: Competitive Advantage - China Ping An's integrated financial model offers significant convenience to customers, enhancing operational efficiency and customer retention [7] - The company has established a unique medical and elderly care ecosystem, collaborating with over 3,000 hospitals and 50,000 external doctors, covering 75 cities for home care services [9] Group 5: Technological Innovation - China Ping An has invested heavily in technology, with over 30,000 patents and a research team of more than 21,000, positioning itself as a leader in financial technology and healthcare innovation [10][11] - The company has developed a three-tier model system for AI applications, enhancing its operational capabilities across various strategic areas [10] Group 6: Financial Outlook - China Ping An's financial fundamentals are improving, with a projected increase in net profit driven by sustained premium growth and improved investment returns [12][13] - The company has maintained a consistent dividend payout, with a dividend yield of 4.77% over the past three years, making it attractive for investors [12][14]