Movement Alert|PING AN Rises 3.05% in Regular Trading, H1 Net Profit Surges 36.1% Marking Fastest Growth in Seven Years

Market Focus
Aug 21

On August 21, PING AN rose 3.05% in regular trading, trading at HK$55.9/share, with turnover of HK$372 million.

On the news front, the company released its H1 interim results on August 20, reporting attributable net profit of RMB 92.585 billion, up 36.1% year-over-year, while revenue reached RMB 575.138 billion, up 15.0% — both representing the fastest half-year growth since 2019. Operating profit attributable to shareholders rose 8.3% to RMB 84.196 billion. Basic EPS climbed 37.0% to RMB 5.30. The board declared an interim dividend of RMB 0.98 per share, up 3.2%. New business value in life and health insurance grew 11.2% to RMB 24.847 billion, while property insurance posted a combined ratio of 95.1%, improving 0.1 percentage points. JPMorgan subsequently issued a research note highlighting potential mid-term dividend surprises among insurers and named PING AN as its top H-share pick in the sector.

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