平安科技 is the technology solutions expert under Ping An Group, focusing on applying artificial intelligence, big data, and cloud computing. The company self-describes its role in supporting Ping An Group's comprehensive finance and healthcare strategy through technological innovation.

平安科技

PING AN | 87,385 followers on LinkedIn. Expertise makes life simple. | This is the official Company Page of Ping An Insurance (Group) Company of China, Ltd. (HKEx: 2318; SSE: 601318; ADR: PNGAY). 
 
Ping An strives to become a world leading technology-powered financial services group.

Shenfeng Chen

Expert in software development, product design and global team management

Zhaoyang Sun

Milton Chou

PING AN

We're delighted to share that Ping An has been selected on #Forbes ' “World’s Best Employer 2024” list, ranked 2nd among China’s financial companies. We adopt a comprehensive approach in our talent strategy. 🌟 Attract: With over 635,000 employees and agents, we use our independent 8Q+TEL competence assessment model to recruit top talent and improve our talent standards. 📚Cultivate: Our proprietary intelligent learning platform offers comprehensive knowledge and skills training resources for career development. In 2023, employees received an average of 45.1 hours of training. 💼Improve Satisfaction: We offer competitive insurance and health benefits. More than 103,000 employees, 36% of the total, participated in the key employee stock ownership plan and long-term service plans in 2023. 🛡️Protect: We uphold robust policies to ensure compliance with labour rights regulations and protect the mental and physical health of our employees. At Ping An, we strive to attract, develop, and retain top talents with our “people-centered” development principle to create sustainable long-term growth. Read more: https://bit.ly/4fsyo0S #TalentStrategy #EmployeeDevelopment #CareerGrowth

Today we announced our results for the first nine months of 2024, showing steady increase in operating profit and strong growth in net profit and life & health’s new business value (NBV). ✨ Key Highlights: - Operating profit and net profit rose 5.5% YoY and 36.1% YoY to RMB113,818 mn and RMB119,182 mn, respectively. - Achieved an annualized operating return on equity (ROE) of 15.9%. - Revenue increased 8.7% YoY to RMB861,817 mn. - Our three core businesses—life and health, property and casualty, and banking—delivered RMB119,651 mn in operating profit, up 5.7% YoY. - Life & health achieved high-quality development with NBV reaching RMB35,160 mn, up 34.1% YoY and NBV per agent up 54.7% YoY. - Nearly 63% of our 240mn retail customers used services from our health and senior care ecosystem. As China effectively implements a series of incremental policies, the country’s growth momentum will gradually strengthen. The health care, senior care and financial markets are poised to embrace new growth opportunities. Ping An will continue to maintain its strategic focus on core financial businesses and advance its technology-driven “integrated finance + health and senior care” strategy to pursue sustainable high-quality development. 🔗 For more information, please click here https://bit.ly/3NwnXNN #financialresults

🏀Ever imagined playing basketball with #NBA stars like Kevin Garnett? Last week, Ping An made it happen for our valued customers! As part of our 2024 Customer Appreciation Program, we have invited more than 9,000 of our customers from across China to enjoy a delightful evening of sports, singing and dancing performances in Shanghai. The highlight was for some of our luckier customers to play in the same team with NBS stars in two friendly matches. The Program is jointly organised with our member companies including life insurance, property and casualty insurance, banking and annuity insurance to thank our customers for their trust in us and the services we provide. Aside from this Shanghai event, there are many other sports, entertainment and service consultation activities to be held in different Chinese cities. 👉 Watch the evening highlights with us! #customerappreciation

📍Ping An Finance Center (PAFC) How does the world’s 5th tallest building exemplify stability and sustainability through robust design and innovative technology? Join our colleague Sebastian to tour our headquarters at the 559-meter tall PAFC. Our headquarters is more than an extreme skyscraper. It also embodies the spirit of our 290,000 staff across China going the extra mile to safeguard the well being of 236 million customers in insurance, banking, investment, health and senior care.

Happy National Day! Today we celebrate the 75th anniversary of the founding of the People’s Republic of China. Let’s embrace the future with hope and dedication. Ping An extends heartfelt wishes for a joyous holiday to our colleagues and friends.

Exploring ways to promote wellness of seniors through the visual medium of films. Ping An recently hosted a videography project on the occasion of the Pingyao International Film Festival (PYIFF), held in Pingyao, a magnificent city with 2,700 years of history in Shanxi, China. The project showcased films telling real stories of senior care in China. One highlight was a documentary, “Old Home, New Life," capturing how technology empowers seniors to live fulfilling lives and pursue their passions. A sharing session organised by “Ping An Zhen Living” on active aging and lifelong learning was also held for a select group of Ping An customers with film directors at the Festival. As an official partner of PYIFF, Ping An embraced the art of cinema to explore diverse possibilities for enhancing senior life. Since its founding in 2017, PYIFF aims to encourage dialogues between non-Western (Chinese, Asian, Eastern European, Latin American, and African) and Western film communities. Learn more about Ping An’s senior care, click here https://bit.ly/3XOLG0a

Chinese believes that the moon is at its brightest and fullest size at the Mid-Autumn Festival, when people enjoy time together with their loved ones and share a reunion dinner. Sharing photos taken by our employees across China cherishing the moon's beauty together. Ping An wishes you and your loved ones a warm Moon Festival brimming with health and happiness!

Ping An for the 14th consecutive year has been selected as a constituent member of the Hang Seng Corporate Sustainability Index Series, a well-recognised benchmark for #sustainability investments. The selection process involved a vigorous assessment by the Hong Kong Quality Assurance Agency using its proprietary sustainability assessment and rating framework. The final selection is based on the highest sustainability scores achieved among the largest and most liquid stocks listed on the stock exchanges of Hong Kong, Shanghai and Shenzhen. Sustainable development is at the heart of Ping An’s strategy to maximize long-term value. We continuously enhance our corporate governance, implement green and low-carbon initiatives, and create sustainable value for our customers, employees, shareholders, and society. Read more: https://bit.ly/3XFY0kJ #sustainabilityinvestment #sustainabilityindex

“Insurance plus services” is the future market trend, shaped by changing customer needs and the aging population. Our Co-CEO, Michael Guo, highlighted during the 2024 interim results presentation how we are upgrading our traditional wealth protection offerings to incorporate health and senior care services to increase customer satisfaction, and grow our business. For the first half of this year, nearly 70% of our life insurance new business value came from customers entitled to our health and senior care services. Thanks to our “integrated finance + health and senior care services” strategy, the first half of 2024 has seen better customer acquisition as the proportion of high-end new customers (with paid Life premiums of RMB300,000 and above) entitled to senior care services grew to 77% from 54% year-on-year. As we continue to expand the footprint of our home-based senior care services from 64 cities to nationwide coverage, there is huge potential to bring in more high-value customers. Read more: https://bit.ly/3XbgDwy

📢We just released our 2024 interim results. Our net profit rose 6.8% YoY to RMB 74,619 million, demonstrating strong resilience and steady performance despite multiple headwinds. By continuously focusing on our core businesses and strengthening our “integrated finance + health and senior care” strategy, we delivered significant positive results. 💰Stable cash dividends amid steady business results: The core businesses (Life and Health, P&C, Banking) delivered RMB79,565 million in operating profit, up 1.7% YoY. Ping An will pay an interim dividend of RMB per share in cash. 📈Life & Health insurance continues to grow with high-quality development in its agent channel: NBV amounted to RMB 22,320 million in the first half of 2024, up 11.0% YoY. Agent productivity continued to increase, with NBV of the agent channel up 10.8% and NBV per agent up 36.0% YoY. 👥The “Integrated finance + health and senior care” strategy continuously acquires new customers and cross-sells with existing customers: Retail customers increased to 236 million; 24.9% held four or more contracts within the group, with a retention rate of 97.8%. Customers entitled to service benefits in the health and senior care ecosystem accounted for over 68% of Ping An Life’s NBV. Positive results in insurance funds investment: The insurance investment portfolio achieved an annualized comprehensive investment yield of 4.2%, up 0.1 pps YoY. The portfolio attained a 5.4% average comprehensive investment yield over the past decade. We put customers at the centre of our business. We will continue to improve our business quality and efficiency by providing customers with a “worry-free, time-saving, and money-saving” service experience. For more information, please click https://bit.ly/3XbgDwy

Metric
Company Name	平安科技
Symbol
MSH ID	COM:PINGAN:TECH
Market	PRIVATE
Sector	Technology
Industry	Financial Services & Finance
Country	CN
Stage	Post-IPO Debt
Employee Count
Website	tech.pingan.com
LinkedIn	ping-an
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	1.08M
Web Traffic Growth	0.46
Valuation
Raised Capital	3.50B

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

PING

COM:PINGAN:TECH

平安科技

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue