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Reduced investment income hits Ping An’s net profit
Written by Adam Cadle
25/04/2025
China's Ping An has reported a 26.4% decline in first-quarter net profit due to reduced investment income.
Net profit for the three months to 31 March was 27.02bn yuan ($3.71bn), down from 36.71bn yuan a year earlier.
Ping An's investment income dropped 65% in January-March from a year earlier to 10.44bn yuan.
In January, Beijing also called for insurance funds to increase investment in the stock market, which has since been hit by rising tensions between China and the United States.
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