Summary by Moomoo AI
CHINA PINGAN INSURANCE (GROUP) CO., LTD. ISSUED ITS FIRST QUARTERLY REPORT FOR 2024 ON 23 APRIL 2024. The report showed that the total assets of the company reached RMB11,982.3 billion, an increase of 3.4% from the previous quarter; net profit attributable to the shareholders of the parent company was RMB367.09 billion, down 4.3% year-on-year. Basic earnings per share were RMB2.07, down 4.6% from the same period last year. The net cash flow generated by the Company's operating activities amounted to RMB749.58 billion, down by 64.3% year-on-year. In addition, the company's insurance business continued to grow steadily, with the value of new business in the life and health insurance business reaching RMB128.9 billion, up 20.7% year-on-year. During the reporting period, the Company did not purchase, sell or redeem any listed securities. The Chairman of the Board of Directors, Ma Mingzhe, Chief Financial Officer Chang Chi-chun and Chief Financial Officer, Li Pei-feng, are legally responsible for the accuracy, accuracy and completeness of the report.