Ping An Insurance advances 2025 employee stock ownership plans

Ping An Insurance Group Company of China (SSE:601318) has announced progress in its 2025 core staff shareholding plan and 2025 long-term service plan, reporting share purchases made between March 20 and March 26, 2025. The company acquired 1,727,800 A-shares, representing 0.009% of Ping An's total share capital, at a total cost of CNY 89,997,903.52 including expenses, with an average transaction price of CNY 52.07 per share. While the shareholding plan progresses, the long-term service plan has yet to commence share purchases. This update coincides with Ping An Bank, a subsidiary of Ping An Insurance, releasing its first-quarter financial report for 2025, showing both challenges and strategic advancements in its operations. While revenues have declined by 13.1% year-over-year to CNY 33.709 million, the bank's strategic focus remains on strengthening retail operations, refining corporate banking, and specializing in interbank activities. Ping An Insurance also announced the disclosure of Ping An Bank's first-quarter report, accessible on both the Shenzhen and Shanghai Stock Exchanges.