China to make 13.2 billion yuan in the first three quarter of Ping an

Ping An's third-quarter results, released today, showed that the company achieved net profit of 13.197 billion yuan, an increase of 8.4% per cent year-on-year.　　Among them, the net profit of the parent company of the listed company is 12.756 billion yuan, and the net assets of the listed company's shareholders increase by 25.5% to 14.52 Yuan. Third-quarter performance slowdown reported that the third quarter of China's safe net profit of 3.145 billion yuan, down 25.9% year-on-year.　　The company said the profit growth rate was down from the previous two quarters, mainly due to a decrease in total investment income from equity assets over the same period last year, as well as market factors such as preparation Kimsunti caused by the lower benchmark yield curve of the insurance contract reserve.　　China's Ping An says the company still has good performance in various fields in the face of tougher investment and interest rates. In the insurance business, China's Ping An life insurance business continued to maintain a significant increase in the first three quarters of the total scale of 128.145 billion yuan, the growth of 22.4% per cent, the production of insurance premiums to achieve 45.759 billion yuan, a sharp increase of 57.7%.　　The overall cost rate was reduced to 94.3%. The banking business continued to maintain strong growth. As of the third quarter, ping an bank achieved net profit of 1.373 billion yuan, the year-on-year increase of 73.1%.　　Deep development As China's Ping an 29.99% joint venture company, as of the third quarter total contribution to profit of 635 million yuan. The quarterly bulletin shows that the total profit of Ping An securities in the first three quarters achieved 1.176 billion yuan, an increase of 111.5%.　　Investment banking business to maintain the leading edge of the SME board, the gem, the cumulative completion of 30 IPOs and 7 refinancing projects, the main underwriting issue, the number of stock underwriter and IPO underwriting revenue continue to maintain the industry first.　　Ping An trust in the expansion of business scale at the same time, focus on building high-end customer wealth management platform, in product development and direct marketing channels, under the dual-driven, personal business high management rate of product scale increase steadily.　　Three quarters of staff shares did not reduce the impact of Ping An employee shares, China Ping An nearly two trading days fell sharply, the cumulative decline of more than 8%. Compared to the ten quarterly list of shareholders, Ping an employees holding company New Hao, Jing AO Industrial and Jiangnan industry in the three quarter have not reduced. Haitong Securities researcher Pan Hongwen pointed out that the new Hao when the reduction of 12.82 million shares, occurred in the last 2 weeks.　　From the reduction of the way, is to take the two-tier market for public sale, and did not pass the bulk of the transaction mode. The researcher points out that, in terms of reducing the quantity, because of the industrial and Jiangnan Industrial holdings in the proportion of less than 5% does not need to disclose the reduction of the situation, it is not possible to estimate the number of these two companies to reduce holdings; New Hao when reducing the number of 12.82 million shares, only the new Hao when the percentage of the shareholding of 3.29%, but the reduction in the　　% below, for 4.93%, so new Hao's future reduction does not need to be announced. Pan Hongwen Analysis, assuming that the employee shares to reduce the 10%-30% this year, the total need to reduce the 86 million-258 million shares, calculated by the median 172 million, will also reduce the number of at least 160 million shares this year.