Core Viewpoint - The article emphasizes the importance of financial services in enhancing people's lives and ensuring financial security, particularly in the context of China's push towards common prosperity. It highlights China Ping An's commitment to "finance for the people" through comprehensive protection systems and innovative service practices [1][13]. Group 1: Financial Services and Consumer Protection - China Ping An has established a comprehensive consumer protection system that integrates consumer rights into product design, ensuring clarity and fairness in financial products [11][12]. - The company actively engages in financial education and outreach, conducting over 30,000 activities in 2024, reaching more than 1.5 billion consumers [11][12]. - Ping An's customer service has been enhanced with a dual-mode approach, combining AI and human support, particularly focusing on elderly clients to bridge the digital divide [11][12]. Group 2: Emergency Response and Social Responsibility - In response to natural disasters, China Ping An has implemented an emergency response mechanism, providing timely assistance and support to affected communities [2][3]. - The company has demonstrated its commitment to social responsibility by mobilizing resources for disaster relief, including rapid claims processing and on-site support during emergencies [2][3]. Group 3: Health Management and Global Services - China Ping An has launched the "Ping An 24" global rescue service, providing comprehensive cross-border support for clients facing emergencies abroad [5][6]. - The company is also focused on health management, aligning with national health initiatives to offer integrated medical and insurance services, enhancing preventive care and early diagnosis [6][7]. Group 4: Inclusive Finance and Community Support - Ping An's strategy includes promoting inclusive finance, targeting small and micro enterprises, the elderly, and rural communities to bridge financial service gaps [8][9]. - The company has initiated various financial products and services tailored to meet the needs of different demographics, including health insurance for new residents and long-term care insurance for the elderly [9][10]. Group 5: Commitment to Innovation and Future Goals - China Ping An is committed to redefining financial services through technology and innovation, aiming to make financial services more accessible and user-friendly [13][14]. - The company plans to continue enhancing its service model to ensure that financial services are simple, transparent, and efficient, ultimately supporting individuals in achieving a better quality of life [13][14].

Core Viewpoint - China Ping An's mid-year performance demonstrates resilience and innovation, with steady growth in operating profit and significant increases in new business value for life and health insurance [1][2][4]. Group 1: Financial Performance - In the first half of 2025, China Ping An achieved an operating profit of 77.732 billion RMB, a year-on-year increase of 3.7%, and a net profit of 68.047 billion RMB [1][2]. - The company declared an interim dividend of 0.95 RMB per share, reflecting a 2.2% increase year-on-year [1][4]. - The investment portfolio yielded a non-annualized comprehensive return of 3.1%, up 0.3 percentage points from the previous year [1][7]. Group 2: Business Growth - The new business value (NBV) for life and health insurance surged by 39.8% year-on-year, reaching 22.335 billion RMB [9][10]. - The agent channel's new business value grew by 17.0%, while the bancassurance channel saw a remarkable increase of 168.6% [9][10]. - The company reported a customer retention rate of 94.6% for long-term clients, with 73.8% of clients having been with the company for over five years [5]. Group 3: Strategic Initiatives - The "comprehensive finance + medical and elderly care" strategy is being effectively implemented, enhancing core business operations [4][8]. - AI applications are integrated across all processes, with an 80% coverage of AI service seats and a 94% instant underwriting rate for life insurance policies [12][14]. - The medical and elderly care services have reached nearly 63% of individual clients, significantly increasing customer engagement and contract numbers [6][8]. Group 4: Market Sentiment - Multiple brokerages express optimism regarding Ping An's mid-year results, highlighting strong performance in NBV and asset management [3][4]. - The stock performance of Ping An has been robust, with H-shares reaching a four-year high amid a bullish market for the insurance sector [3][4]. - Analysts predict that AI technology could drive annual revenue growth of 2.5% over the next decade, indicating a positive outlook for the company's future [15].

Core Insights - China Ping An Insurance (Group) Co., Ltd. reported a 3.7% year-on-year increase in operating profit to CNY 77.732 billion for the first half of 2025, while net profit decreased by 8.8% to CNY 68.047 billion [2] - The company emphasized a strong sense of crisis and strategic advancement in its 37th year of establishment, as stated by Chairman Ma Mingzhe [2] Business Segments - The new business value for life and health insurance reached CNY 22.335 billion, a 39.8% increase year-on-year, with a new business value rate of 30.5%, up 9 percentage points [2] - The agent channel saw a 17% year-on-year growth in new business value, with per capita new business value increasing by 21.6% [2] - The bancassurance channel generated CNY 5.972 billion in new business value, a significant increase of 168.6% year-on-year [3] - The property and casualty insurance segment reported a premium income of CNY 171.857 billion, up 7.1%, with operating profit of CNY 10.056 billion, a 1% increase [3] Operational Metrics - As of June 2025, the overall combined cost ratio for property and casualty insurance was 95.2%, improving by 2.6 percentage points year-on-year [3] - The company developed 1,741 products, providing risk coverage of CNY 189 trillion to 1.61 million small and micro enterprises [4] - Ping An Bank reported a net profit of CNY 24.87 billion, down 3.9%, with total revenue of CNY 69.385 billion, down 10% [4] Investment Performance - As of June 2025, the insurance fund investment portfolio exceeded CNY 6.2 trillion, growing by 8.2% since the beginning of the year [4] - The non-annualized comprehensive investment return rate was 3.1%, up 0.3 percentage points year-on-year, attributed to balanced asset allocation and high-dividend equity assets [4] - The average net investment return rate over the past decade was 5.0%, exceeding long-term investment return assumptions [5] Customer Engagement - Nearly 63% of Ping An's 247 million individual customers enjoy services from the medical and elderly care ecosystem, with customers in this segment having 1.5 times more contracts and 4.1 times more assets under management compared to those not in the ecosystem [5] - Ping An Good Doctor generated revenue of CNY 2.502 billion, with adjusted net profit of CNY 165 million [5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作 出。 茲載列中國平安保險（集團）股份有限公司在上海證券交易所網站刊登的 根據中國會計準則編制的「中國平安保險（集團）股份有限公司2025年中 期報告」，僅供參閱。 承董事會命 盛瑞生 公司秘書 中國深圳，2025年8月26日 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執行 董事為謝吉人、楊小平、何建鋒及蔡潯；獨立非執行董事為伍成業、儲一昀、劉宏、吳 港平、金李及王廣謙。 二零二五年中报 目录 关于我们 公司管治 | 重要提示及释义 | 1 | | --- | --- | | 我们是谁 | 3 | | 公司使命 | 4 | | 时代机遇 | 5 | | 公司战略 | 6 | | 经营亮点 | 10 | | 董事长致辞 | 12 | | 财务摘要 | 15 | 经营情况讨论及分析 | 综合金融 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 2025年中期报告摘要 （股票代码：601318） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列中國平安保險（集團）股份有限公司在上海證券交易所網站刊登的根 據中國會計準則編制的「中國平安保險（集團）股份有限公司2025年中期報 告摘要」，僅供參閱。 承董事會命 盛瑞生 公司秘書 中國深圳，2025年8月26日 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執 行董事為謝吉人、楊小平、何建鋒及蔡潯；獨立非執行董事為伍成業、儲一昀、劉宏、 吳港平、金李及王廣謙。 二〇二五年八月二十六日 2025 年中期报告摘要 一、重要提示 1.4 公司简介 | 股票简称 | 中国平安 | | | --- | --- | --- | | 股票代码 | H A 股：601318 | 股：02318（港币柜台） | | | | 82318（人民币柜 ...

Core Viewpoint - The forum on rural revitalization held in Changsha emphasizes the importance of financial support and social responsibility in promoting rural development, with China Ping An actively participating in these initiatives [1][2]. Group 1: Financial Support and Initiatives - China Ping An has provided 15.653 billion yuan in rural industry support through the "Three Villages Project" by the first quarter of 2025 [1]. - In the first half of 2025, Ping An Property & Casualty Insurance offered agricultural risk protection to 7.68 million households, amounting to 304.5 billion yuan [1]. - The "Revitalization Insurance" projects supported by Ping An have led to an increase in income for over 1.869 million farmers, totaling 15.208 billion yuan [1]. Group 2: Educational and Health Initiatives - Ping An has built 119 Hope Primary Schools and has engaged in various educational initiatives, including teacher training and summer camps, with a total of 443,000 hours of volunteer teaching service [2]. - The company has upgraded 1,273 rural medical clinics and trained over 10,000 village doctors, providing essential health services to rural communities [2]. - Ping An's mobile health detection vehicles offer free health check-ups and consultations to elderly residents in rural areas [2]. Group 3: Future Outlook - The company aims to continue its commitment to serving rural development needs, leveraging technology and financial empowerment to contribute to high-quality agricultural development [2].

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