Quan Jing Wang·2026-03-26 09:53Core Viewpoint - China Ping An (601318) reported strong financial performance for the year 2025, with significant growth in profits and shareholder returns [1] Financial Performance - The operating profit attributable to shareholders reached 134.415 billion RMB, a year-on-year increase of 10.3% [1] - The net profit attributable to shareholders after deducting non-recurring items was 143.773 billion RMB, reflecting a year-on-year growth of 22.5% [1] - Shareholder equity surpassed 1 trillion RMB for the first time, reaching 1,000.419 billion RMB, an increase of 7.7% from the beginning of the year [1] Business Growth - The life and health insurance segments maintained high growth, with new business value at 36.897 billion RMB, up 29.3% year-on-year, achieving double-digit growth for three consecutive years [1] Shareholder Returns - The company proposed a final dividend of 1.75 RMB per share for 2025, with a total annual dividend of 2.70 RMB per share, marking a 5.9% increase year-on-year [1] - Total cash dividends amounted to 48.891 billion RMB, continuing a 14-year trend of increases [1] Investment Performance - As of the end of 2025, the investment portfolio of Ping An Insurance reached 6.49 trillion RMB, a growth of 13.2% from the beginning of the year [1] - The comprehensive investment return rate was 6.3%, up 0.5 percentage points year-on-year [1] - The average net investment return rate over the past 10 years was 4.8%, while the average comprehensive investment return rate was 4.9%, exceeding the long-term investment return assumptions [1]