Market Brief

The articles are produced in Chinese only.


陳招富先生 (Anthony Chan)



Friday, June 21, 2019 Views1497



公司披露2019年第一季度,公司營業收入 3781.61 億元,同比增長 21.5%;歸屬母公司股東營運利潤 341.19 億元,同比增長 21%;歸屬於母公司股東淨利潤 455.17 億元,同比增長 77.1%;基本每股盈利 2.55 元,同比增長 77.1%;加權平均股本回報率7.9%,同比上升 2.6 個百分點;歸母淨資產達 5990.79 億元,較年初增長 7.6%。2019年第一季度,公司保費收入 2743.86 億元,同比增長 8.41%。


財險業務保費收入 692.20 億元,同比增長9.5%。其中,車險業務保費收入 478.28 億元,同比增長 8.4%;非車險業務保費收入 179.81 億元,同比增長 7.4%。受益於投資收益增長和所得稅下降,平安產險淨利潤同比增長 77.3%,超出市場預期。



2019年第一季度,平安銀行淨利潤 74.46 億元,同比增長 12.9%。零售業務轉型,個人業務比重進一步提升,截至 2019 年 3 月,個人存款和個人貸款占比分別為 22.81%、58.03%,較年初分別提升 1.12% 和 0.26%;零售客戶數 8701 萬,較年初增長 3.7%。資產品質持續向好。截至 2019 年 3 月末,公司不良貸款率 1.73%,較年初下降0.02%。



2019 年一季度,實現淨利潤 50.46 億元,同比增長 19.9%,主要源於信託業務、證券業務及其他資產管理業務經營業績的穩健增長。





  1. 保險產品銷售低於預期。
  2. 經濟復蘇低於預期
  3. 股票市場震盪下行


筆者建議在82元附近建倉, 止蝕價 77元。





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