Ge Long Hui A P P·2025-10-30 02:52Core Viewpoint - China Ping An (2318.HK) shows strong performance in the Hong Kong stock market, with a significant increase in share price, reaching a new high since July 2021, driven by robust operational profit growth and strong life insurance performance [1] Financial Performance - For the first three quarters of 2025, the group achieved an operating profit attributable to shareholders of 116.264 billion yuan, a year-on-year increase of 7.2%, with a 15.2% growth in the third quarter [1] - The net profit attributable to shareholders for the same period was 132.856 billion yuan, reflecting an 11.5% year-on-year growth, with a substantial 45.4% increase in the third quarter [1] - As of September 30, 2025, the group's net assets attributable to shareholders stood at 986.406 billion yuan, showing a 6.2% increase after dividends, indicating resilience in the balance sheet and sustainable profitability [1] - The total operating revenue for the first three quarters was 833.94 billion yuan, representing a 7.4% year-on-year growth [1] Life Insurance Business - The new business value for life and health insurance saw a strong growth of 46.2% in the first three quarters [2] - The average new business value per agent increased by 29.9% year-on-year [2] - The new business value from the bancassurance channel surged by 170.9% year-on-year [2] Investment Performance - The investment performance of insurance funds significantly improved, with a non-annualized comprehensive investment return rate of 5.4% for the first three quarters, up by 1.0 percentage points year-on-year [2]