Ping An three quarter net profit drop 25.36%

October 27, China Ping An issued three quarterly bulletin.　　The report showed that the company's net profit in the third quarter was 3.331 billion yuan, down 25.36%, and the net profit of the parent company in the third quarter was 3.145 billion yuan, down 25.91% per cent. However, in the first three quarters, Ping an net profit of 13.197 billion yuan, still growth of 8.4%, attributable to the parent company's shareholders net profit of 12.756 billion yuan, the same period last year 8.82%, the basic earnings per share of 1.71 yuan, compared to the same period last year, the increase of 6.88%.　　At the end of the three quarter, ping an total assets of 1,099,102,000,000 yuan, a 17.46% increase than at the beginning of the year.　　Ping An said the profit growth rate 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 the lower benchmark yield curve of the insurance contract reserve. In contrast to last year's more cautious investment climate and sentiment, bond yields will rise in the short term with interest rate hikes but remain low, which will continue to put pressure on four-quarter profits, Ping an said.