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Ping An Insurance (02318.HK) Subsidiary Ping An Bank (000001.SZ) 1Q Net Profit RMB14.523 billion, Up 3%
Recommend 13 Positive 27 Negative 9 |
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Ping An Insurance (02318.HK) announced that its subsidiary Ping An Bank (000001.SZ) reported its first-quarter results, recording operating income of RMB35.277 billion, up 4.7% YoY. Net profit attributable to shareholders reached RMB14.523 billion, representing a 3% increase, with EPS of RMB0.67. During the quarter, NIM was 1.79%, down 4 bps YoY but up 1 bp from last years full-year level. As of end-March, the non-performing loan ratio was 1.05%, flat compared with the beginning of the year. The provision coverage ratio was 219.59%, down 1.29 ppts, with risk compensation capability remaining sound. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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