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Bond Market News
Ping An Interim Profit Misses Estimates, Falls by 9%
August 27, 2025
Ping An Insurance (Group) Co.’s interim net profit fell 8.8% YoY to RMB 68.05bn ($9.5bn), missing a 4.4% increase that was expected by Bloomberg’s consensus estimate. The company has been affected by stock market volatility and lower interest rates during China’s economic slowdown, it said in a filing to the Hong Kong stock exchange. Investment income fell 20% to RMB 52.4bn ($7.3bn), and net impairment losses on financial assets climbed 9%, the company said. Net realized and unrealized gains on its insurance funds slumped 72% to RMB 3bn ($420mn), while net investment yield declined partly due to lower yields on newly-added fixed-income assets.
The Chinese economy achieved steady progress amid overall stability in 1H2025, “but still faced short- and medium-term challenges including a complex, severe international environment and lackluster domestic demand”, Ping An said in the filing.
Ping An’s dollar bonds were trading stable with its 2.95% 2031s at 91.7 yielding 4.70%.
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