Financials Ping An Insurance (Group) Company of China, Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 2026-03-13			5-day change	1st Jan Change
61.20 ^CNY	-0.65%		-2.35%	-10.53%

03-11	Logistics firm GLP seeks $20 billion valuation in planned Hong Kong IPO, sources say	RE
02-15	Lufax Renews Services Agreement With Controlling Shareholder	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	757,599	739,933	742,418	1,031,863	551,186	572,277	598,680	632,734
Change	-	-2.33%	0.34%	38.99%	-46.58%	3.83%	4.61%	5.69%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	214,200	167,662	226,391	118,683	189,900	181,081	202,256	217,594
Change	-	-21.73%	35.03%	-47.58%	60.01%	-4.64%	11.69%	7.58%
Interest Paid ¹	-26,436	-28,082	-22,888	-23,346	-19,405	-21,702	-23,615	-25,996
Earnings before Tax (EBT) ¹	187,764	139,580	105,815	120,117	170,495	185,379	199,013	211,637
Change	-	-25.66%	-24.19%	13.52%	41.94%	8.73%	7.35%	6.34%
Net income ¹	143,099	101,618	83,774	85,665	126,607	139,437	150,908	162,284
Change	-	-28.99%	-17.56%	2.26%	47.79%	10.13%	8.23%	7.54%
Announcement Date	2/3/21	3/17/22	3/15/23	3/21/24	3/19/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q4	2024 Q1	2024 Q2	2025 Q1	2025 Q2	2025 Q3
Net sales	168,993	340,308	295,341	-	-	-	171,312	158,129	281,600	-	208,851	245,569	137,756	-	-	-
Change	-	101.37%	-13.21%	-	-	-	-	-7.7%	78.08%	-	-	17.58%	-43.9%	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	38,736	40,156	31,940	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	3.67%	-20.46%	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	49,464	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	40,058	-	30,782	23,633	20,658	39,615	16,190	7,311	38,400	31,489	-	36,709	-10,830	27,016	41,031	64,809
Change	-	-	-	-23.22%	-12.59%	91.77%	-59.13%	-54.84%	425.24%	-18%	-	-	-129.5%	349.46%	51.88%	57.95%
Announcement Date	2/3/21	4/22/21	8/26/21	10/27/21	4/29/22	8/23/22	10/26/22	3/15/23	4/26/23	8/29/23	3/21/24	4/23/24	8/15/24	4/25/25	8/26/25	10/28/25

¹CNY in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1
Net sales	410,290	329,643	412,977	329,441	546,134	367,655	554,097	-	-	-	-	-	-
Change	-	-19.66%	25.28%	-20.23%	65.78%	-32.68%	50.71%	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	73,766	78,085	88,310	95,950	48,513	77,132	67,340	91,955	97,033	103,077	77,265	107,522
Change	-	-	5.86%	13.09%	8.65%	-49.44%	58.99%	-12.7%	36.55%	5.52%	6.23%	-25.04%	39.16%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	78,821	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	58,005	-	-	-	69,841	-	25,879	-	68,047	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	8/26/21	3/17/22	8/23/22	3/15/23	8/29/23	3/21/24	8/15/24	3/19/25	8/26/25	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	-	795,999	1,849,556	1,849,556	1,849,556
Change	-	-	-	-	-	132.36%	0%	0%
Announcement Date	2/3/21	3/17/22	3/15/23	3/21/24	3/19/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	12,210	9,995	12,186	8,871	7,810	6,678
Change	-	-18.14%	21.92%	-27.2%	-11.96%	-14.49%
Free Cash Flow (FCF) ¹	95,470	62,567	11,006	-65,928	-105,764	-389,882
Change	-	-34.46%	-82.41%	-699.04%	-60.42%	-268.63%
Announcement Date	2/20/20	2/3/21	3/25/22	3/15/23	3/21/24	3/19/25

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	28.27%	22.66%	30.49%	11.5%	34.45%	31.64%	33.78%	34.39%
EBT Margin (%)	24.78%	18.86%	14.25%	11.64%	30.93%	32.39%	33.24%	33.45%
Net margin (%)	18.89%	13.73%	11.28%	8.3%	22.97%	24.37%	25.21%	25.65%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	1.61%	1.03%	0.79%	0.76%	1.03%	1.2%	1.17%	1.16%
ROE	20%	13%	10.03%	13.2%	13.8%	14.67%	14.04%	13.59%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	1.19%	0.76%	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	5.071	26.58	-	-	-	-	-
Change	-	-	424.18%	-	-	-	-	-
Dividend per Share ¹	2.2	2.38	2.42	1.5	1.62	2.741	2.917	3.127
Change	-	8.18%	1.68%	-38.02%	8%	69.17%	6.44%	7.21%
Book Value Per Share ¹	41.72	44.44	46.97	49.37	50.99	55.46	61.57	69.24
Change	-	6.54%	5.69%	5.11%	3.28%	8.76%	11.01%	12.46%
EPS ¹	8.04	5.72	4.73	4.74	6.99	7.821	8.462	9.051
Change	-	-28.86%	-17.31%	0.21%	47.47%	11.88%	8.2%	6.96%
Nbr of stocks (in thousands)	18,210,235	18,132,470	18,107,642	18,107,642	18,107,642	18,107,642	18,107,642	18,107,642
Announcement Date	2/3/21	3/17/22	3/15/23	3/21/24	3/19/25	-	-	-