Ping An Bank (000001) investor relations material

Executive summary

• Achieved robust performance in 1H26 with high-value growth across core business lines and operating income of RMB70.62 billion, up 1.8% YoY.

• Net profit attributable to shareholders reached RMB25.70 billion, up 3.3% YoY, with net interest margin steady at 1.80%.

• Strategic focus on value-oriented growth, AI-driven synergies, integrated finance plus health and senior care services, and digital transformation.

• Enhanced customer value and experience, with significant expansion in high-value and young customer segments.

• Asset quality remained stable with NPL ratio at 1.05% and provision coverage at 219.58%.

Financial highlights

• Revenue grew 15.0% YoY to RMB575.1 bn under China Accounting Standards and 12.6% YoY to RMB615.4 bn under IFRS.

• Net profit surged 36.1% YoY to RMB92.6 bn, driven by increased investment income.

• Operating profit after tax (OPAT) rose 8.3% YoY to RMB84.2 bn.

• Shareholders' equity increased 2.8% YTD to RMB1,028.1 bn.

• Interim dividend per share (DPS) up 3.2% YoY to RMB0.98.

• New business value (NBV) up 11.2% YoY to RMB24.8 bn.

• P&C combined operating ratio (COR) improved to 95.1%.

• Net interest income: RMB44.29 billion, down 0.5% YoY; non-interest net income: RMB26.33 billion, up 5.8%.

• Basic/diluted EPS: RMB1.24, up 5.1% YoY.

Outlook and guidance

• Continued focus on value growth, strategic leap, and better outlook through diversified drivers and robust capital.

• AI and technology enablement to drive efficiency, cost reduction, and risk prevention.

• Management expects macroeconomic stability and continued high-quality growth in the second half of 2026.

• Focus remains on strengthening risk controls, optimizing asset/liability structure, and digital transformation.