Summary by Moomoo AI
Ping'an of China released its 2023 results report on March 21, 2024, revealing the company's financial performance over the past year. The report showed that the company achieved operating revenue of $10,319 billion, up 4.7% year-on-year; its parent operating profit was $1.180 billion, down 19.7% year-on-year. Dividend per share was $2.43, up 0.4% year-on-year. Maternal operating profit of the life and health insurance business rose by 0.6% year-on-year at HK$1,051 billion. THE COMPANY EMPHASIZED THAT DESPITE VARIOUS RISKS AND UNCERTAINTIES SUCH AS EXCHANGE RATE FLUCTUATIONS, MARKET SHARE, AND PEER COMPETITION, THE THREE CORE BUSINESSES REMAINED STABLE AND ACHIEVED DIVIDEND GROWTH FOR 12 CONSECUTIVE YEARS. In addition, the company mentioned in the report that it will continue to invest in technology to...Show More