Ping An Insurance (02318): Ping An Bank's net profit for the first three quarters was 38.339 billion yuan, a year-on-year decrease of 3.5%.

Ping An Insurance (02318) announced the performance of Ping An Bank for the first three quarters before 2025, achieving operating income of 1006.68 billion yuan, a year-on-year decrease of 9.8%. It achieved a net profit of 383.39 billion yuan, a year-on-year decrease of 3.5%. As of the end of September 2025, the non-performing loan ratio was 1.05%, a decrease of 0.01 percentage points from the end of the previous year; the deviation rate of loans overdue for more than 60 days and loans overdue for more than 90 days were 0.77 and 0.66 respectively; the provision coverage ratio was 229.60%, and the risk offsetting capacity remained good. As of the end of September 2025, the total assets of the bank were 5,766.64 billion yuan, with a total principal balance of loans and advances of 3,417.53 billion yuan, an increase of 1.3% from the end of the previous year; the balance of corporate loans increased by 5.1% from the end of the previous year, and the bank continued to increase its support for the real economy, achieving good growth in loans in fields such as technology companies and green finance; the balance of personal loans decreased by 2.1% from the end of the previous year, with mortgage loans accounting for 63.6% of personal loans. The bank continued to optimize its retail asset portfolio strategy, increase the proportion of high-quality customers, and promote balanced development in terms of "quantity, price, and risk." As of the end of September 2025, the total liabilities of the bank were 5,248.34 billion yuan, with a balance of absorbed deposits of 3,549.55 billion yuan, an increase of 0.6% from the end of the previous year. The bank strengthened the absorption of low-cost deposits and agilely adjusted the pace of absorbing deposits and interbank liabilities to reduce the overall cost of liabilities; from January to September 2025, the average interest rate paid on interest-bearing liabilities of the bank was 1.73%, a decrease of 47 basis points from the same period last year; the average interest rate paid on absorbed deposits was 1.70%, a decrease of 43 basis points from the same period last year.