02318 PING AN

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45.450
-0.250-0.55%

Market Closed Dec 20 16:08 CST

827.66BMarket Cap6.36P/E (TTM)

About PING AN Company

The company was founded in 1988 in Shekou, Shenzhen, and has grown into one of China's top three comprehensive financial groups with support from various levels of government and regulatory authorities, customers and all sectors of society. China Ping An is also one of the personal financial life service groups with the most complete domestic financial licenses and the widest range of business. Currently, the total assets of the group have exceeded 11 trillion yuan, making it the insurance group with the largest assets in the world. Through a multi-channel distribution network, the company uses its subsidiaries such as Ping An Life Insurance, Ping An Industrial Insurance, Ping An Pension Insurance, Ping An Health Insurance, Ping An Bank, Ping An Trust, Ping An Securities, Ping An Asset Management and Ping An Financial Leasing to operate financial business, and uses subsidiaries, joint ventures and joint ventures such as Auto Home, Lujin Holdings, Financial One Account, and Ping An Health to operate technology business to provide customers with a variety of financial products and services. Corporate honors: Ping An of China ranked 16th in the “Top 2000 Global Listed Companies” by Forbes; ranked 33rd in the US “Fortune 500”, ranking first among global insurance companies. Ping An of China is listed on both the main board of the Hong Kong Stock Exchange and the Shanghai Stock Exchange. By the end of June 2023, the number of individual customers in the Group had exceeded 0.229 billion, an increase of 1.2% over the beginning of the year; the number of individual customer contracts per customer had steadily increased to 2.99, an increase of 0.7% over the beginning of the year. Consolidate customer base management, and the degree of cross-penetration of individual customers continues to increase. Over 90.71 million individual customers hold contracts with multiple subsidiaries at the same time, accounting for 39.6% of the total number of customers. Improve customer stickiness and develop multiple types of financial services collaboratively. The higher the number of contracts per customer, the lower the customer churn rate. As of the end of June 2023, 26% of customers had 4 or more contracts within the group, and the turnover rate of customers with 4 or more contracts was less than 1%.

Company Profile

Symbol02318

Company NamePING AN

ISINCNE1000003X6

Listing DateJun 24, 2004

Issue Price10.33

Shares Offered1.39B share(s)

FoundedMar 21, 1988

Registered AddressChina

Chairmanmingzhe ma

Secretaryruisheng sheng

Audit InstitutionErnst & Young Huaming (Special General Partnership), Ernst & Young

Company CategoryOther

Registered Office47, 48, 109, 110, 111, 112 floors of Ping an Financial Center, 5033 Yitian Road, Futian District, Shenzhen City

Head Office and Principal Place of Business5th Floor, Manulife Plaza, 348 Kwun Tong Road, Kowloon, Hong Kong

Fiscal Year Ends12-31

Employees288751

MarketHong Kong motherboard

Phone86-4008866338

Fax86-755-82431029

EmailIR@pingan.com.cn;PR@pingan.com.cn

Websitehttp://www.pingan.cn

Business(1) Investment insurance companies; (2) supervising and managing various domestic and international businesses holding investment enterprises; (3) carrying out insurance fund utilization business; (4) carrying out domestic and international insurance business with approval; and (5) other business approved by the State Financial Supervisory Administration and relevant national departments.

Company Executives

Name
Position
Salary

mingzhe ma
Chairman, Executive Director, Chairman of the Strategy Committee
3.59M

yonglin xie
Executive Director, General Manager, Co-CEO
3.91M

fangfang cai
Executive Director, Deputy General Manager
3.62M

xin fu
Executive Director, Deputy General Manager, Chief Operating Officer
--

xiaotao guo
Executive Director, Co-CEO, Deputy General Manager
2.17M

jiren xie
Non-executive Directors
548.00K

xiaoping yang
Non-executive Directors, Member of the Risk Management Committee, Strategy Committee Members, Audit Committee Members
548.00K

jianfeng he
Non-executive Directors, Strategy Committee Members
500.00K

xun cai
Non-executive Directors
548.00K

chengye wu
Independent Non-Executive Director, Audit Committee Members, Nomination Committee Members, Remuneration Committee Members, Member of the Risk Management Committee
548.00K

yiyun chu
Independent Non-Executive Director, Audit Committee Members, Nomination Committee Members, Remuneration Committee Members, Member of the Risk Management Committee
548.00K

hong liu
Independent Non-Executive Director, Strategy Committee Members, Remuneration Committee Members, Nomination Committee Members
548.00K

gangping wu
Independent Non-Executive Director, Audit Committee Director, Director of the Risk Management Committee
548.00K

li jin
Independent Non-Executive Director, Chairman of the Nomination Committee, Remuneration Committee Chairman, Strategy Committee Member
548.00K

guangqian wang
Independent Non-Executive Director, Remuneration Committee Member, Member of the Risk Management Committee, Nomination Committee Members, Audit Committee Member
244.00K