"综合金融+医疗养老"战略深入推进。综合金融"三数"均衡增长。截至2025年6月末，公司个人客户数近 2.47亿，较2024年6月末增长4.6%；客均持有合同2.94个，较2024年6月末增长0.3%；2025年上半年，客 均营运利润247.32元，同比增长0.6%。医疗养老战略差异化优势赋能主业，2025年上半年，享有医疗养 老生态圈服务权益的客户覆盖寿险新业务价值占比近七成。 持续创新优化服务体验。 不断夯实AI技术 底座，运用大数据、物联网等先进技术手段突破传统金融、医养服务"时间、空间、成本、效率"限制， 进一步优化金融、医疗、养老资源配置，从而实现从"小众低频服务"到"大众普惠服务"的跃迁。2025年 上半年，平安寿险发布"添平安"保险+服务解决方案，集团升级"全球急难救援服务"，平安好医生推出 全场景、全周期、全生态的AI医疗产品矩阵。2025年上半年，平安大模型调用次数达8.18亿，多元场景 应用数超650个，深度赋能金融主业。通过服务模式、服务能力和技术应用的创新，中国平安致力于为 近2.47亿客户创造"三省"体验。 2025 年上半年集团十大经营亮点： 1 、集团整体经营稳健。 2025年上 ...

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 ...

在"金融+医疗健康"方面，"平安家医"实现广泛覆盖，借助AI医疗技术赋能全场景服务，并持续创新"保 险+医疗"产品，助力客户实现全周期健康管理。截至2025年6月末，平安与国内百强医院和三甲医院合 作覆盖率为100%;内外部医生团队约5万人。2025年上半年，"平安家医"会员覆盖超3,500 万人，家医年 人均使用频次达5次，为保单用户提供专业持续的健康关怀。 中国平安（601318）(02318)公布2025年中期业绩，营业收入 5464.69 亿元，归属于母公司股东的营运利 润 777.32 亿元，同比增长 3.7%; 归属于母公司股东的净利润 680.47 亿元，基本每股收益3.87元，中期 股息每股现金0.95元。 在服务模式创新上，以金融保险保障为核心，精准匹配客户千人千面的医疗、健康、养老等个性化服 务。平安寿险发布"添平安"保险+服务解决方案，其中的居家养老服务，既有养老年金的给付功能，又 提供叁位一体的"智能管家、生活管家、医生管家"，让老人生活有人陪、生病有人管、享老有人护。在 服务能力创新上，2025年上半年，平安升级"全球急难救援服务"，依托全世界8大运营中心和60万家医 疗健康合作机构 ...

Core Insights - Ping An Good Doctor has shown significant growth, with revenue reaching 2.5 billion yuan and net profit of 134 million yuan for the first half of 2025, marking year-on-year increases of 19.5% and 136.8% respectively [1] - The company has established itself as a key player in the healthcare and elderly care sectors, focusing on a "medical care + comprehensive finance" strategy, which has positioned it centrally within the Ping An Group [1][3] Business Model and Strategy - The business model of Ping An Good Doctor revolves around two main services: family doctors and home elderly care, addressing the public's needs for medical access and elder care [3] - Unlike competitors that focus on pharmaceutical e-commerce or heavy investments in building elderly care facilities, Ping An Good Doctor has opted for a platform-based approach that integrates quality medical and care resources [5][6] Market Position and Competitive Advantage - The company has built a comprehensive medical ecosystem, establishing partnerships with over 5,000 hospitals and 106,000 health service providers, which enhances its service delivery capabilities [7] - By focusing on preventive care, diagnosis, and rehabilitation, Ping An Good Doctor has differentiated itself from other internet healthcare platforms that primarily rely on drug sales [4][5] Data and AI Integration - Ping An possesses extensive medical data, including 1.46 billion medical consultations and 12 million health check reports, which supports its AI-driven healthcare solutions [19][20] - The company has developed a multi-modal AI model, "Ping An Medical Assistant," which enhances service efficiency and accuracy in various healthcare scenarios [22][23] Financial Performance and Growth Potential - The integration of healthcare services has positively impacted Ping An's insurance business, with new business value in life and health insurance reaching 12.89 billion yuan, a growth rate of 34.9% [12][13] - The company's strategy of combining healthcare with financial services is expected to create a robust entry point for high-value business opportunities, similar to successful models in other industries [15][23]

Core Viewpoint - Ping An Good Doctor (01833.HK) has seen a significant stock price increase, closing at 9.660 HKD, up 5.34% from the previous trading day, reaching a nearly one-year high [1] Group 1: Company Overview - Ping An Good Doctor, established in 2014, is the flagship of Ping An Group's healthcare and elderly care ecosystem, listed on the Hong Kong Stock Exchange since May 4, 2018, and included in the Hang Seng Tech Index in July 2020 [2] - The company leverages extensive resources from insurance and financial clients, a wide network of service providers, and a robust service standard system to enhance its managed healthcare strategy, focusing on "family doctors" and "elderly care managers" [2] Group 2: Service Offerings - The "Ping An Family Doctor" service integrates various healthcare resources, providing efficient access to family doctors, specialists, and medical services, achieving high user satisfaction with over 98% five-star ratings [2] - As of 2023, the family doctor membership has reached nearly 13 million, with an average usage frequency of 3.7 times per user [2] Group 3: Elderly Care Services - The "Three-in-One" elderly care manager service offers a comprehensive and high-quality elderly care experience, covering 54 cities in China, with nearly 100,000 individuals qualifying for the service and a satisfaction rate of 95% [3] - By the end of 2023, the company has served 1,508 corporate clients and established a team of approximately 50,000 internal and external doctors across 29 departments [3] Group 4: Future Vision - The company aims to provide sustainable long-term value by ensuring every enterprise has a happy workplace, every family has a dedicated doctor, and every user enjoys health services, focusing on quality and user experience [4]

Core Insights - The healthcare industry must deepen the integration of medical insurance and services, leveraging technology for innovative service delivery to build a competitive moat in the face of evolving demands and an aging population [1][15] - Ping An Health has established a comprehensive medical insurance collaborative ecosystem that covers the entire health cycle, distinguishing itself from competitors who remain at a superficial level of resource integration [1][4] Financial Performance - In Q1 2025, Ping An Health reported revenues of 10.62 billion yuan, a year-on-year increase of 25.8%, and an adjusted net profit of 580 million yuan, marking growth in both revenue and profit [2][4] - For the full year of 2024, Ping An Health achieved total revenue of 48.08 billion yuan and a net profit of 880 million yuan, with an adjusted net profit of 1.58 billion yuan [4] Business Model and Strategy - The company operates a three-in-one deep collaborative ecosystem of "insurance protection + medical services + health management," effectively managing the entire health journey from prevention to post-operative care [1][4] - Ping An Health has developed three business models: "insurance + medical membership," "medical claims collaboration," and "health rights services," enhancing synergy with various financial services [7][8] Customer Engagement and Growth - As of March 2025, nearly 63% of Ping An's 245 million personal customers enjoy services from the healthcare ecosystem, with an average of 3.37 contracts per customer and an average AUM of 61,200 yuan, significantly higher than those without access to these services [6] - The company has expanded its customer base rapidly, with a 43% year-on-year increase in revenue from both individual and corporate health services [5] Aging Population and Market Opportunity - By the end of 2024, China's population aged 60 and above reached 310.31 million, accounting for 22.0% of the total population, highlighting the urgent need for enhanced elderly care services [10] - Ping An Health is addressing the gap in financial services for the elderly by developing a comprehensive "insurance + home care" model, focusing on the core needs of the elderly [13] Performance of Elderly Care Services - The elderly care service segment has transitioned from an investment phase to a value realization phase, with revenues reaching 282.7 million yuan in 2024, a year-on-year increase of 413.5% [14] - As of Q1 2025, the number of users benefiting from home care services grew by 15% compared to the end of 2024 [14]

"'改革创新'是中国平安2025年度经营方针的重要主题，全面数字化战略是2025开年的首要任务。"中国平安董事长马明哲在年报致辞中如此道。 平安的年报中，不难发现，含"科"量在持续上升，2024年财报中"AI"出现了27次，"数字化"出现了40次，而在2023年同期，"AI"和"数字化"分别出现了24 次和38次。 无论是平安的高管还是平安的财报，言语之间一直在向外透露着一个信号—平安非常重视"科技"。 01 科技赋能 让全面数字化成为平安可持续发展的"压舱石"与"领头雁" 在2024年业绩发布会上，中国平安联席首席执行官郭晓涛也表示，"平安的战略发展方向是综合金融+医疗养老，科技是支撑的底座，核心的定位是赋能。" 科技的赋能在平安的业务中方方面面均有体现。 同时，提升风控水平，平安产险反欺诈智能化理赔拦截减损119.4亿元，同比增长10.4%； 在医疗健康领域，平安健康构建多模态大模型，打造12个系列的业务模型群，AI赋能医疗全流程业务场景，"平安家医" 服务效能提升约62%。 在年报中，马明哲进一步对平安在AI科技方面做出了定调，"当前以DeepSeek为代表的开源大模型，正在深度重塑全球科技革命的方向、 ...