However, when it comes to the most profitable company in Shenzhen, it is not Huawei or Tencent, but China Ping An. China Ping An has been established for more than 30 years, and has developed into a super financial group with excellent performance and stock price. It is one of the few companies with A+H shares with a market value of two trillion yuan.
Relevant data show that China Ping An's net profit in 2020 is143099.9 billion yuan, down 4.2% year-on-year, and it has been the most profitable enterprise in Shenzhen for many years. In fact, apart from profits, China Ping An is also the highest-paid enterprise in Shenzhen, reaching 1.32 trillion in 2020, and Huawei is more than 800 billion. However, Tencent began to pursue profits, reaching 654.38+022.742 billion yuan in 2020, up 30% year-on-year, and the gap with China Ping An is narrowing.
1988, Ping An Insurance Company was formally established at the proposal of Ma Mingzhe, social insurance manager of Shekou Industrial Zone. ICBC holds 5 1% and China Merchants holds 49%. It was a state-owned enterprise with only 12 employees. Under the leadership of Ma Mingzhe, Ping An Insurance began to take the lead.
Mainly divided into three stages, the insurance agent system was introduced from 1992, and it was greatly expanded through the sea tactics. After 2002, China Ping An became a comprehensive financial holding pilot group, and obtained the "full financial license" for banking, securities and futures, becoming a comprehensive financial group. After 20 12, Ping An expanded into the field of financial technology, and brands such as Ping An Medical, lufax and car home rose one after another.
In the process of development, the shareholders of China Ping An are constantly changing. The original shareholders ICBC and China Merchants successively withdrew. Later, HSBC became the largest shareholder, and now CP Group in Thailand is the largest shareholder. However, due to scattered shareholders and no controlling shareholders, China Ping An has become a non-state-owned enterprise, neither a state-owned enterprise nor a private enterprise.
In the Fortune Global 500 ranking in 2020, China Ping An ranked 2 1. In the "BrandZ 202 1 Most Valuable Global Brand 100 Top" list, China ranked 49th and ranked first in the global insurance industry for six times. China Ping An has become the most successful financial and insurance group in China.
Since its establishment 30 years ago, with its outstanding performance, the share price of China Ping An has been rising all the way, which is called "White Horse Stock". However, White Horse seems to be failing, and its share price continues to fall.
In July 14, China Ping An fell below 60 yuan, with a closing price of 57.9 1 yuan, while in February last year 1, the share price reached 93.22 yuan. In other words, since 20021,China Ping An has fallen by more than 30%, and its market value has evaporated by more than 600 billion. This is something that has never happened in peace in China.
As far as the capital market is concerned, China Ping An is an excellent company, and every transformation is very successful. With the advent of the Internet era, Internet companies such as Ali have entered the financial field in succession, and China Ping An has made rapid transformation and made remarkable achievements in the field of financial technology.
However, now the stock price has plummeted, and even the major shareholders have reduced their holdings twice. Last year, Zhengda Group reduced its holdings by 220 million shares, and on June 6 this year, it reduced its holdings by1830,000 shares, cashing in 29 billion yuan twice, and its shareholding ratio dropped to 6.85%.
The decline of stock price and the evaporation of market value are generally affected by poor performance, and so is Ping An in China.
It is understood that life insurance business is the business sector that contributes the most to the company's profits. If there is a problem in this business, the company's performance and profit will inevitably be affected. It is normal for the epidemic situation to decline in 2020, but in 20021year, China basically resumed production and life in an all-round way, while Ping An's premium in China decreased by 5.66%, and the premium income was 36 1.08 billion yuan.
China Ping An's insurance business relies on the insurance agent system, which is actually a "sea of people tactics". These people have no labor contract relationship with Ping An. Generally, I buy an insurance first, and then invite my relatives and friends to buy insurance together. Now the effect of this model is getting worse and worse, and the transaction rate is declining, leading to a decline in performance. The number of Ping An insurance agents decreased from 1 167000 at the end of 20 19 to 1024000 at the end of 2020.
In addition, China Ping An is an investment company. By the end of June 2020, 65,438+February 3 1, the investment portfolio of China Ping An Insurance reached 3.74 trillion yuan, an increase of 16.6% compared with the beginning of the year. However, it repeatedly stepped on the pit and won Huaxia Happiness with 54 billion yuan, and took over the mess of Founder Group with 37.05 billion yuan, reaching 50.75 billion yuan.
In addition, China Ping An executives have been in turmoil for the past two years. 2065 438+065438+ 10, co-CEO Li Yuanxiang resigned. In March last year, Ren Huichuan, vice chairman of Ping An Group and Ma Mingzhe, also left. 20165438+1October, Mao Weibiao, vice chairman of China Ping An Life Insurance Company of China Insurance Company, left his post and joined JD.COM. Of course, Ma Mingzhe himself resigned as CEO of the group in July.
For a 33-year-old super enterprise with total assets exceeding 9 trillion yuan, if it wants to maintain its performance growth, it must constantly innovate in strategy, and if it goes in the wrong direction, it will cause big problems.