On March 7, Ping An Insurance (Group) Co., Ltd. of China (hereinafter referred to as "Ping An of China") issued the "Announcement on Promoting "Improving Quality and Efficiency and Valuing Returns" and the 2023 Cash Dividend Plan (hereinafter referred to as the "Announcement").The total cash dividend for the full year of 2023 is expected(Including the 2023 interim dividend that has been paid and the 2023 final dividend that is subject to the approval of the Board of Directors and the General Meeting of Shareholders of the Company).The proportion of net profit attributable to the parent company shall not be less than 40%.
Ping An said that in order to practice the development concept of "investor-oriented" listed companies, the company will continue to strengthen its investment value creation capabilitiesFirmly establish the awareness of rewarding shareholdersThrough high-quality development, we will provide a guarantee for better returns to investors.
On the one hand, it adheres to the value guidance of high-quality development and strengthens its ability to create investment value. Ping An adheres to the main business of finance, adheres to finance for the people, actively serves the real economy, strengthens the insurance protection function, assists in the implementation of national strategies such as "Digital China" and "Healthy China", answers the "five major articles" of science and technology finance, green finance, inclusive finance, pension finance and digital finance, deepens the "comprehensive finance + medical pension" service system, and provides professional "financial consultants, family doctors, and pension housekeeper" services. The company further promotes comprehensive digital transformation, leads the high-quality development of business, helps improve the quality and efficiency of financial business, accelerates the construction of the ecosystem, and realizes "technology-enabled finance, ecology-enabled finance, and technology-driven development".
On the other hand, we adhere to a stable and sustainable cash dividend policy and firmly establish the awareness of rewarding shareholders. According to the announcement, from 2012 to mid-2023, Ping An's dividend level has continued to increase for 11 consecutive years, with a total of 24 dividends and a total dividend of more than RMB 280 billion. The company adheres to a stable and sustainable cash dividend policy and philosophy, and is expected to maintain the frequency of cash dividends in 2024, share the company's high-quality development achievements with investors, and effectively enhance investors' sense of gain.
Reporter Zhu Yanxia.
Intern Editor: Wang Xueying.