Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318) Annual Report 2021



The latest annual report of Ping An Insurance (Group) Company of China, Ltd. (2318) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 2318 Annual Results

Amounts in CNY

Total Revenue
1.28T
Gross Profit
396.04B
EBIT
180.94B
Net Tangible Assets
743.94B
Net Income
101.62B
Capital Expenditures
-12.19B

2318 Income Statement 2021 Annual Report

As per the latest Income Statement of 2318, the Net revenue decreased by ¥-36.027B (-3%) compared to the previous period. The operating income in 2021 decreased by ¥-33.454B (-16%). The net income as per the annual report was 101.62B which decreased by ¥-41.481B (-29%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.28T1.32T
Gross Profit396.04B429.43B
Operating Income180.94B214.4B
Income Before Tax139.58B187.76B
Net Income101.62B143.1B

Balance Sheet - 2318 2021 Annual Report

Read further: 2318 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Ping An Insurance (Group) Company of China, Ltd. showed the company increased the cash on balance sheet by ¥40.276B (13%). The Net tangible assets of 2318 on the balance sheet were at 743.94B which is ¥45.673B (7%) more than previous annual report. The total stockholder equity also increased by ¥49.845B (7%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash348.09B307.81B
Total Assets10.14T 9.53T
Long Term Debt1.4T1.19T
Total Liabilities9.06T 8.54T
Total Shareholder Equity812.4B762.56B
Net Tangible Assets743.94B698.27B

Cash Flow Statement - 2318 2021 Annual Report

The 2021 annual cash flow statement of Ping An Insurance (Group) Company of China, Ltd. showed that the net income decreased by ¥-41.481B (-29%) compared to previous reporting period. Also the capital expenditure of 2318 decreased by ¥-2.191B (-22%).

As of 2021, the total cash from investing activities was 27.93B and total cash from financing activities was -136.41B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income101.62B143.1B
Capital Expenditures-12.19B-9.99B
Dividends Paid-46.94B-43.07B
Total Cash From From Investing Activities27.93B-447.14B
Total Cash From From Financing Activities-136.41B260.64B

Ping An Insurance (Group) Company of China, Ltd. Annual Report History

Income Statement

Income Statement history of Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue1.28T1.32T1.27T1.07T
Cost Of Revenue887.86B890.49B851.53B693.19B
Gross Profit396.04B429.43B417.94B374.82B
Research Development----
Selling General Administrative174.78B178.71B174.87B139.73B
Non Recurring----
Other Operating Expenses40.07B35.91B36.81B23.98B
Total Operating Expenses1.1T1.11T1.06T859.22B
Operating Income180.94B214.4B206.05B208.78B
Total Other Income Expense Net-41.36B-26.63B-21.32B-45.63B
Ebit180.94B214.4B206.05B208.78B
Interest Expense-28.08B-26.44B-20.1B-42.75B
Income Before Tax139.58B187.76B184.74B163.15B
Income Tax Expense17.78B28.41B20.37B42.7B
Minority Interest265.32B225.34B179.21B127.14B
Net Income From Continuing Ops121.8B159.36B164.37B120.45B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income101.62B143.1B149.41B107.4B
Net Income Applicable To Common Shares101.62B143.1B149.41B107.4B

Balance Sheet Statement

Balance Sheet Statement history of Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash348.09B307.81B208.95B226.74B
Short Term Investments61.43B122.77B96.46B92.95B
Net Receivables430.62B450.29B481.99B216.62B
Other Current Assets381.36B371.56B347.98B355.93B
Total Current Assets2.66T2.5T2.11T1.73T
Long Term Investments3.97T3.97T3.45T2.95T
Property Plant Equipment63.94B62.46B63.52B45.37B
Good Will23.18B23.03B20.93B20.52B
Intangible Assets45.29B41.26B42.41B29.38B
Other Assets3.38T2.93T2.54T2.37T
Deferred Long Term Asset Charges65.36B61.9B50.3B45.19B
Total Assets10.14T9.53T8.22T7.14T
Accounts Payable192.87B178.9B162.05B287.73B
Short Long Term Debt25.89B57.66B31.01B309.35B
Other Current Liab1.28T1.27T923.42B904.41B
Long Term Debt1.4T1.19T1.01T571.91B
Other Liab5.77T5.29T4.84T4.01T
Minority Interest265.32B225.34B179.21B127.14B
Total Current Liabilities1.89T2.05T1.51T1.88T
Total Liab9.06T8.54T7.37T6.46T
Common Stock18.28B18.28B18.28B18.28B
Retained Earnings683.11B622.96B518.1B402.14B
Treasury Stock-579M9.72B25.18B4.94B
Capital Surplus111.6B111.6B111.6B131.15B
Other Stockholder Equity9.32B15.72B30.18B4.94B
Total Stockholder Equity812.4B762.56B673.16B556.51B
Net Tangible Assets743.94B698.27B609.83B506.61B

Cash Flow Statement

Cash Flow Statement history of Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income101.62B143.1B149.41B107.4B
Depreciation15.9B15.8B15.63B6.53B
Change To Netincome-58.95B-134.76B-151.5B131.91B
Change To Account Receivables12.85B-9.18B-22.78B-161.05B
Change To Liabilities----8.1B
Change To Inventory-1.17B2.25B-1.03B-1.03B
Change To Operating Activities17.35B292.36B256.94B126.26B
Total Cash From Operating Activities90.12B312.07B249.44B206.26B
Capital Expenditures-12.19B-9.99B-12.21B-10.66B
Investments-182.1B-641.47B-529.11B-364.23B
Other Cashflows From Investing Activities233.03B225.08B183.63B156.15B
Total Cashflows From Investing Activities27.93B-447.14B-380.16B-240.43B
Dividends Paid-46.94B-43.07B-35.93B-54.92B
Net Borrowings-58.24B315.16B179.38B88.06B
Other Cashflows From Financing Activities-23.15B-6.47B-9.07B1.79B
Total Cash From Financing Activities-136.41B260.64B125.08B31.26B
Effect Of Exchange Rate-3.26B-4.3B1.08B2.26B
Change In Cash-21.62B121.28B-4.56B-640M
Repurchase Of Stock-8.08B-4.98B-9.3B-9.3B