China Ping An January-September net profit of 12.7 billion yuan

Ping An, China (601318) released its third quarterly bulletin today, the company achieved net profit of 13.197 billion yuan in the first three quarter of this year, an increase of 8.4% per cent year-on-year. The net profit attributable to the shareholders of the listed company is 12.756 billion yuan.　　Profit growth was lower than in the previous two quarters, mainly because the total investment income of equity-related assets decreased compared with the same period last year, as well as the market factors such as preparation Kimsunti caused by lower benchmark yield curve of insurance contract reserve.　　The announcement also said that the flat-deep integration is still in progress, but the deep development as China Ping An shareholding 29.99% of the joint venture, as of the third quarter has contributed to the peace of 635 million yuan.　　For the flat-deep integration, the third quarterly report said that the current program has been a deep development of the General Assembly of shareholders through the program, China Peace shareholders will actively promote the two lines of reorganization of the relevant approval work, and to maintain the rapid development of banking business, improve the comprehensive financial strategic layout. Prior to that, the company's fourth largest shareholder Shenzhen new Hao when Investment Development Co., Ltd. first issued a notice, disclosed in October, the sale of China Ping ' an 12,824,930 shares, only 0.17% of the total capital of Ping An.　　caused the market for its staff to reduce the concern, ping An of China's shares with the continuous decline. China's third quarterly Bulletin of Ping An, released today, showed that the Shenzhen of the restricted employee unit on March 1, the Investment and Development Co., Ltd., Shenzhen City Industrial Development Co., Ltd. and Shenzhen Jiangnan Industrial development holdings were not reduced before September 30.　　However, Shenzhen Investment and Development Co., Ltd. and Shenzhen City AO Industrial Development Co., Ltd., have been renamed in September, Linzhi new Hao when Investment Development Co., Ltd., Linzhi AO Industrial Development Co. Some market analysts believe that the two companies registered to Tibet Linzhi may be to reduce the tax concessions considered. Because of the industrial and Jiangnan Industrial holdings in the proportion of less than 5%, do not need to disclose the reduction of the situation, so it is not possible to estimate the two companies into the October after the same as the new Hao when the reduction occurred. Neuhau, after the reduction of the holding of ping ' an shares fell to 4.93%, meaning that its future reduction no longer need to announce. If the employee shares reduce the 10% to 30% this year, it still needs to reduce at least 160 million shares this year. At present, under the market environment, the organization is not pessimistic about the employees ' stock reduction, and thinks it is only a short-term effect, once the plan is completed this year, the stock price is likely to recover.