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Ping An Insurance (HK:2318)
:2318
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Ping An Insurance Company of China (2318) AI Stock Analysis

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HK:2318

Ping An Insurance Company of China

(OTC:2318)

Rating:79Outperform
Price Target:
HK$57.00
▲(1.24% Upside)
The overall stock score is driven by strong technical indicators and attractive valuation metrics. Financial performance is robust, but slower revenue growth and high liabilities are concerns. With no earnings call or corporate events data, the focus remains on the core financial and technical strengths.
Positive Factors
Business Strategy
The strategic shift to expand banc distribution beyond Ping An Bank’s channel is expected to drive strong NBV growth from banc.
Financial Performance
NBV jumped 39.8% YoY to RMB 22.3bn, a clear beat, mainly driven by bancassurance.
Negative Factors
Market Risks
Increasing market competition, interest rate downcycle, rising volatility in China’s bond and equity markets, and policy risks are potential challenges.
Net Profit
Group net profit dropped 8.8% year-on-year due to a one-off impairment loss in 1Q25.

Ping An Insurance Company of China (2318) vs. iShares MSCI Hong Kong ETF (EWH)

Ping An Insurance Company of China Business Overview & Revenue Model

Company DescriptionPing An Insurance Company of China, Ltd. (2318) is one of the largest and most comprehensive financial services groups in China. Founded in 1988 and headquartered in Shenzhen, the company operates across multiple sectors, including insurance, banking, asset management, and fintech. It offers a wide range of insurance products, including life, health, and property and casualty insurance, while also providing banking services through Ping An Bank and investment products through its asset management arm. Additionally, Ping An is a pioneer in integrating technology with financial services, leveraging innovations such as artificial intelligence, blockchain, and cloud computing to enhance its offerings and customer experience.
How the Company Makes MoneyPing An Insurance Company of China generates revenue through several key streams. Primarily, it earns income from underwriting premiums in its life, health, and property and casualty insurance segments. The company invests these premiums and generates returns through its asset management activities, which include managing investments for third-party clients as well as its own insurance funds. In the banking sector, Ping An Bank contributes to revenue through interest income from loans and credit products, as well as fees from services such as wealth management and credit card issuance. Additionally, the company's fintech and healthtech initiatives offer services that are increasingly generating revenue streams through digital platforms and technology-driven solutions. Significant partnerships with technology firms and collaborations in the financial sector further bolster its earnings, allowing Ping An to maintain a diversified and robust revenue model.

Ping An Insurance Company of China Financial Statement Overview

Summary
Ping An Insurance Company of China demonstrates strong financial health through consistent profitability and a solid equity position. While revenue growth has slowed, the company maintains substantial cash reserves and operational efficiency. High liabilities warrant caution, but overall financial management appears effective.
Income Statement
72
Positive
The income statement shows strong gross and net profit margins with consistent revenue figures. However, recent revenue growth is declining, indicating potential challenges in maintaining growth momentum. Profitability remains solid, though the drop in EBIT margin is a concern for future earnings potential.
Balance Sheet
68
Positive
The balance sheet reflects a stable equity position with a moderate debt-to-equity ratio, indicating sound financial leverage. The equity ratio is healthy, suggesting a strong asset base funded by equity. However, total liabilities remain high, posing potential risk in a downturn.
Cash Flow
75
Positive
Positive cash flow generation is evident with robust free cash flow and strong operating cash flow to net income ratio. Although free cash flow growth has slowed, the company maintains a solid cash buffer to support operations and investments.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue729.05B744.91B678.64B664.50B1.06T1.32T
Gross Profit821.88B916.62B678.64B664.50B1.06T1.09T
EBITDA-6.79B207.86B163.69B123.40B184.18B230.71B
Net Income116.91B126.61B85.67B111.01B101.62B143.10B
Balance Sheet
Total Assets7.41T12.96T11.58T11.01T10.14T9.53T
Cash, Cash Equivalents and Short-Term Investments547.45B950.37B797.92B746.52B630.51B597.30B
Total Debt1.00T1.40T1.49T1.48T1.59T1.42T
Total Liabilities6.68T11.65T10.35T9.82T9.06T8.54T
Stockholders Equity599.08B928.60B899.01B869.19B812.40B762.56B
Cash Flow
Free Cash Flow430.99B375.80B352.59B467.90B77.93B302.08B
Operating Cash Flow229.93B382.47B360.40B476.78B90.12B312.07B
Investing Cash Flow-561.19B-416.25B-104.00B-215.76B27.93B-447.14B
Financing Cash Flow-39.40B30.95B-222.06B-230.87B-136.41B260.64B

Ping An Insurance Company of China Technical Analysis

Technical Analysis Sentiment
Positive
Last Price56.30
Price Trends
50DMA
53.77
Positive
100DMA
49.43
Positive
200DMA
46.85
Positive
Market Momentum
MACD
0.96
Positive
RSI
53.30
Neutral
STOCH
17.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2318, the sentiment is Positive. The current price of 56.3 is below the 20-day moving average (MA) of 56.36, above the 50-day MA of 53.77, and above the 200-day MA of 46.85, indicating a neutral trend. The MACD of 0.96 indicates Positive momentum. The RSI at 53.30 is Neutral, neither overbought nor oversold. The STOCH value of 17.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2318.

Ping An Insurance Company of China Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
HK$1.12T7.86
4.94%12.05%32.41%
68
Neutral
$17.93B11.8610.28%3.71%9.75%1.60%
$98.59B16.9815.16%2.95%
$51.30B6.6217.37%3.02%
$145.74B5.7421.57%2.94%
$52.49B6.2217.34%6.13%
75
Outperform
HK$205.32B4.6534.37%5.75%49.90%203.77%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2318
Ping An Insurance Company of China
56.30
21.60
62.27%
AAIGF
AIA Group
9.52
2.58
37.18%
CHPXF
China Pacific Insurance (Group) Co
4.55
2.13
88.02%
CILJF
China Life Insurance Co
3.09
1.66
116.08%
PINXF
People's Insurance Co (Group) of China
0.91
0.55
152.78%
HK:1336
New China Life Insurance Co., Ltd. Class H
48.14
32.31
204.11%

Ping An Insurance Company of China Corporate Events

Ping An Insurance Reports No Progress on 2025 Long-term Service Plan
Jul 18, 2025

Ping An Insurance Company of China announced that there has been no progress in the implementation of its 2025 Long-term Service Plan as of the latest update. The company has committed to fulfilling its information disclosure obligations and will provide timely updates on any developments regarding the plan, which is crucial for stakeholders monitoring the company’s strategic initiatives.

Ping An Insurance Schedules Board Meeting for Interim Results Review
Jun 26, 2025

Ping An Insurance Company of China has announced that its board of directors will meet on August 26, 2025, to review and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the payment of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

Ping An Completes 2025 Key Employee Share Purchase Plan
Jun 19, 2025

Ping An Insurance Company of China has completed the share purchase under its 2025 Key Employee Share Purchase Plan, acquiring over 11 million A shares, which constitutes 0.062% of its total share capital. This initiative, funded by employee remuneration and bonuses, involved 2,263 key personnel and aims to align employee interests with company performance, with shares subject to a lock-up period until June 2026 and contingent on performance targets.

Ping An Insurance Updates on 2025 Long-term Service Plan Progress
Jun 19, 2025

Ping An Insurance Company of China announced that there has been no progress in the implementation of its 2025 Long-term Service Plan as of the current date. The company has committed to fulfilling its information disclosure obligations in a timely manner as circumstances develop, which may impact its operational strategies and stakeholder expectations.

Ping An Completes HK$11.765 Billion Convertible Bond Issuance
Jun 11, 2025

Ping An Insurance Company of China has successfully completed the issuance of HK$11.765 billion zero-coupon convertible bonds due in 2030. The proceeds from this issuance will be used to bolster the company’s core business, enhance its capital position, and support new strategic initiatives in healthcare and elderly care. The company has also secured approval for listing the conversion shares on the Hong Kong Stock Exchange and plans to list the bonds on the Frankfurt Stock Exchange. With a scattered shareholding structure and no controlling shareholders, Ping An does not anticipate any change of control events that would trigger adjustments to the conversion price.

Ping An Insurance Proposes HK$11.765 Billion Convertible Bond Issue
Jun 3, 2025

Ping An Insurance Company of China announced the proposed issuance of HK$11.765 billion zero-coupon convertible bonds due 2030. The proceeds from the bonds will be used to enhance the company’s core business, strengthen its capital position, and support new strategic initiatives in healthcare and elderly care. The bonds are convertible into H Shares and will be listed on the Frankfurt Stock Exchange and the Hong Kong Stock Exchange, subject to certain conditions.

Ping An Insurance Updates Final Dividend Details for 2024
May 26, 2025

Ping An Insurance has announced an update regarding its final cash dividend for the year ending December 31, 2024. The dividend is set at RMB 1.62 per share, with an option for shareholders to receive it in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.08806. The payment date is scheduled for June 30, 2025, and the company will apply a withholding tax of 10% for non-resident enterprise and individual shareholders, and 20% for those investing via the Hong Kong Stock Connect Program. This announcement reflects Ping An’s commitment to shareholder returns while navigating the complexities of international tax regulations.

Ping An Insurance Advances 2025 Employee Share Plans
May 19, 2025

Ping An Insurance Company of China has announced the progress of its 2025 Key Employee Share Purchase Plan and Long-term Service Plan. The company purchased 3,883,500 A shares, representing 0.021% of its total share capital, with a total transaction amount of RMB199,912,162.97. The share purchase under the Key Employee Share Purchase Plan is not yet complete, and the Long-term Service Plan has not commenced. This initiative reflects the company’s commitment to employee engagement and long-term growth, potentially impacting its market positioning and stakeholder interests.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 25, 2025