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平安上半年新业务价值大增近40% 高管详解权益配置策略
Di Yi Cai Jing·2025-08-27 12:06

Core Viewpoint - The management of China Ping An expressed satisfaction with the company's performance in the first half of the year, highlighting stable overall performance, strong growth in core business, and ongoing innovation efforts [1] Financial Performance - In the first half of the year, China Ping An achieved an operating profit attributable to shareholders of 77.732 billion yuan, a year-on-year increase of 3.7%, and a net profit of 68.047 billion yuan [1] - The company announced an interim dividend of 0.95 yuan per share, representing a year-on-year growth of 2.2% [1] Business Growth - The new business value of life and health insurance reached 22.335 billion yuan, a significant year-on-year increase of 39.8%, driven by a nearly 170% growth in the bancassurance channel and double-digit growth in the agent channel [2] - The life insurance sector is entering a golden development period, with low interest rates favoring sales despite challenges in investment returns [3] Strategic Advantages - The company identified three key reform dividends driving business growth: 1. Multi-channel strategy, expanding beyond traditional agent channels to include bancassurance and community finance [3] 2. "Product + Service" strategy, offering value-added services to differentiate from competitors [4] 3. Technology empowerment through AI, enhancing sales efficiency and customer acquisition [4] Investment Strategy - As of the end of June, China Ping An's investment fund size reached 6.2 trillion yuan, making it a significant institutional investor [5] - The company increased its allocation to high-dividend, fundamentally strong stocks, with stock value accounting for 10.5% of total investments, up from 7.6% at the end of the previous year [6] - The non-annualized comprehensive investment return rate for the first half was 3.1%, an increase of 0.3 percentage points year-on-year, attributed to dividends from high-dividend equity assets [7] Market Outlook - Management expressed confidence in the capital market's future, citing effective regulatory policies and a favorable valuation compared to global markets [7] - The investment focus will be on growth sectors representing new productive forces and high-dividend value stocks [7] - The company adheres to a "three Cs" principle for stock selection: reliable operations, growth potential, and sustainable dividends [7] Stock Performance - China Ping An's stock price has increased by nearly 15% this year, with a 250-day increase of 49%, indicating growing market recognition of the company's value [8]