Sino-report
Home Sign in Research report Data Center Industry News Custom Research About us
Research report:                          Automotive  |  Electronics  |  Mechanical&Automation  |  New Energy  |  Medical  |  Advanced Materials  |  Building Products  |  Transportation  |  Communication  |  Chemical  |  Finance  |  IT Industry  |  Food  |  Home Appliances  |  Forestry  |  Agriculture  |  Textile  |  Culture Industry  |  Consumer goods  |  Others  |
 Home > Industry News > Finance > Text
Ping An Insurance first-half profits rise 32.7%
Author:Sino-report    Source:Xinhua    Number of clicks :     Update time:2011-08-19 10:21
Sino-report News Center Aug 2011

BEIJING - Ping An Insurance (Group) Co of China said Wednesday its first-half net profits rose 32.7 percent year-on-year, boosted by fast growth in industrial insurance premiums and higher income from its banking businesses.
Net profits hit 12.76 billion yuan ($1.99 billion) for the first half of the year, up from 9.61 billion yuan one year earlier.
Earnings per share stood at 1.67 yuan, an increase of 28.5 percent year-on-year, the country's second-biggest insurer said in a statement filed to the Shanghai Stock Exchange.
The insurer saw a sharp rise in its first-half premiums. Its individual insurance premiums climbed 29.3 percent year-on-year, while revenues from its industrial insurance business gained 35.9 percent, the statement said.
The group's banking also contributed a lot to its first-half profits. Ping An Bank, a subsidiary of the group, reported a net profit of 1.21 billion yuan, up 34.9 percent year-on-year.
Shenzhen Development Bank, in which the group holds a 52.38 percent stake, contributed 1.18 billion yuan of net profits for it.
The group's total assets hit 1.31 trillion yuan at the end of June, an increase of 11.8 percent from the end of last year, the statement said.

Order Online
Contact Us
Tel: 400-988-9999
Fax:010-82889999
Phone :+8615313587056
Email:Sale@sino-report.com
Email:Cousult@sino-report.com
Online Consultation
MSN :Sino-report@hotmail.com
MSN :Sino-report@foxmail.com
Skype: Please Please
Latest Reports
  More>>
[Finance] Payment market to get opening-up boost
[Finance] Monetary policy to ease funding troubles for small firms
[Finance] Trump, Putin call their talks successful
[Finance] Growing opposition in US to its tariff attack on trade: China Daily editorial
[Finance] The Economic Performance Continued to Stay Stable with Sound Momentum in May
[Finance] Market Price of Important Means of Production in Circulation, June 01-10, 2018
[Finance] Trade standoff hits US and China stocks
[Finance] Life insurance drags on premium income
[Finance] Overseas ratings agencies to launch units in China
Popular reports
  More>>
The Economic Performance Continued to Stay Stable with Sound Momentum in May
Market Price of Important Means of Production in Circulation, June 01-10, 2018
Trade standoff hits US and China stocks
Industry Data
  More>>
China opens market to Kenya's agricultural products
China's publishing industry booming over past 40 years
Industrial Production Operation in July 2018
Total Retail Sales of Consumer Goods in July 2018
National Real Estate Development and Sales in the First Seven Months of 2018
NSDP/SDDS for the People's Republic of China
Market Price of Important Means of Production in Circulation, July 01-10, 2018
In the first five months of 2018, the profits made by industrial enterprises above the designated siz
Purchasing Managers Index for June 2018
Market Price of Important Means of Production in Circulation, June 21-30, 2018
In global EV battery shipments during Jan - Apr 2018, LG Chem and Samsung SDI ranked 4th and 6th
Based on Jan - Apr shipment record, Kia Motors Remain on Top 10 in Global PHEV Power Brands Ranking
Consumer Prices for May 2018
Producer Prices for the Industrial Sector for May 2018
Industrial Production Operation in May 2018
Investment in Fixed Assets for the First Five Months of 2018
National Real Estate Development and Sales in the First Five months of 2018
Producer Prices for the Industrial Sector for April 2018
Stable Performance for the National Economy in April
Total Retail Sales of Consumer Goods in April 2018
Industrial Production Operation in April 2018
National Real Estate Development and Sales in the First four months of 2018
Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
Industrial Profits Increased in the First Four Months of 2018
Industry News
  More>>
Iron and steel sector gains strength
China’s wines take center stage
Machinery manufacturing fair boosts Sino-Russian ties
Medical device manufacturers display their latest technology
Soybean farmers store crops amid hopes of higher prices
Tourism industry opening on agenda
Tech competition eases startups' access to China market
China's excavator sales grow 44.9% in October
China's solid waste imports continue to slump on tightened ban
Delivery orders jump 25.12% to 1.35b on Singles Day
Related Links
Life insurance drags on premium income
China's insurance market to expand in 20 years: ACE Life

Sitemap       |       Join Us      |       Customer Service       |       About Sino-report
Copyright © 2011-2025 Sino-report Consult Inc.
Sino-report@hotmail.com    Postmaster@sino-report.com
No.18 Zhichun Road, Haidian District. Beijing 100089.China
Information and data contained in this site is for reference only pursuant to operate your own risk
Sino-report