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2019年09月18日 星期三

中国平安(601318)公告正文

中国平安:2017年第一季度报告

公告日期:2017-04-28

2017年第一季度报告
(股票代码:601318)




 二〇一七年四月二十七日
                                                                                                                                                 2017 年第一季度报告


                                                                                 目录
§1   重要提示 ...................................................................................................................................................... 2
§2   公司基本情况 .............................................................................................................................................. 2
§3   季度经营分析 .............................................................................................................................................. 4
§4   重要事项 ...................................................................................................................................................... 9
§5   附录 ............................................................................................................................................................ 14




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                                                                                                        2017 年第一季度报告


§1 重要提示

1.1 本公司董事会、监事会及董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误导性
陈述或者重大遗漏,并对其内容的真实性、准确性和完整性负个别及连带责任。
1.2 本公司第十届董事会第十二次会议于 2017 年 4 月 27 日审议通过了《2017 年第一季度报告》,会议应出
席董事 17 人,实到董事 15 人,委托 2 人(董事谢吉人委托董事杨小平出席会议并行使表决权;董事熊佩
锦委托董事长马明哲出席会议并行使表决权)。
1.3 本公司第一季度财务报告未经审计。
1.4 本公司董事长兼首席执行官马明哲,首席财务官兼总精算师姚波及财务总监项有志保证本季度报告中财
务报告的真实、准确、完整。

§2 公司基本情况

2.1 主要会计数据及财务指标
                                                            2017 年 3 月 31 日    2016 年 12 月 31 日       比上年末增减(%)
 总资产(人民币百万元)                                                5,773,318             5,576,903                      3.5
 归属于母公司股东权益(人民币百万元)                                    411,477               383,449                      7.3
 归属于母公司股东的每股净资产(人民币元)                                  22.51                 20.98                      7.3
                                                               2017 年 1-3 月       2016 年 1-3 月     比上年同期增减(%)
 经营活动产生的现金流量净额(人民币百万元)                             (41,685)               119,272                  不适用
 每股经营活动产生的现金流量净额(人民币元)                                (2.34)                 6.68                  不适用
                                                               2017 年 1-3 月       2016 年 1-3 月     比上年同期增减(%)
 营业收入(人民币百万元)                                                265,643               208,857                     27.2
 归属于母公司股东的净利润 (人民币百万元)                                23,053                20,700                     11.4
 归属于母公司股东扣除非经常性损益后的净利润
 (人民币百万元)                                                         23,023                20,508                     12.3
 基本每股收益(人民币元)                                                   1.29                  1.16                     11.2
 稀释每股收益(人民币元)                                                   1.29                  1.16                     11.2
 加权平均净资产收益率 (%)                                                  5.8                    6.1       下降 0.3 个百分点
 扣除非经常性损益后的加权平均净资产收益率 (%)                              5.8                    6.0       下降 0.2 个百分点


非经常性损益项目(人民币百万元)                                                                             2017 年 1-3 月
 非流动资产处置损益                                                                                                        3
 计入当期损益的政府补助                                                                                                   49
 捐赠支出                                                                                                                (4)
 除上述各项之外的其他营业外收支净额                                                                                       21
 所得税影响数                                                                                                           (38)
 少数股东应承担的部分                                                                                                    (1)
 合计                                                                                                                     30
注:本公司对非经常性损益项目的确认依照中国证监会公告【2008】43 号《公开发行证券的公司信息披露解释性公告第 1 号-非经常性损益》
    的规定执行。本公司作为综合性金融集团,投资业务是本公司的主营业务之一,持有或处置金融资产及股权投资而产生的投资收益均属
    于本公司的经常性损益。




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                                                                                                      2017 年第一季度报告


2.2 子公司偿付能力情况
2017 年 3 月 31 日                                                          平安寿险                    平安产险

核心资本(人民币百万元)                                                               553,295                           66,596

实际资本(人民币百万元)                                                               578,095                           74,596

最低资本(人民币百万元)                                                               255,689                           30,388

核心偿付能力充足率                                                                     216.4%                            219.2%

综合偿付能力充足率                                                                     226.1%                            245.5%
注:(1)有关子公司偿付能力情况的更详细信息,请查阅公司网站(www.pingan.cn)。
    (2)因四舍五入,指标直接计算未必相等。


2.3 中国会计准则与国际财务报告准则会计报表差异说明

本公司按照中国会计准则编制的合并财务报表中列示的净利润以及股东权益,与按照国际财务报告准则编
制的合并财务报表中列示的并无差异。

2.4 报告期末股东总数及前十名股东持股情况

截至 2017 年 3 月 31 日,本公司总股本为 18,280,241,410 股,其中 A 股为 10,832,664,498 股,H 股为
7,447,576,912 股。
 报告期末股东总数                309,819户,其中A股股东305,085户,H股股东4,734户

                                                     前十名股东持股情况

                                     股东         持股               持股          股份    持有有限售条件     质押或冻结
 股东名称
                                    性质(2)      比例(%)          总数(股)(3)      种类    股份数量(股)   股份数量(股)
 香港中央结算(代理人)有限
                                  境外法人        32.09       5,866,427,192        H股           –                未知
 公司(1)
                                                                                                                   质押
 深圳市投资控股有限公司              国家          5.27        962,719,102         A股           –
                                                                                                              380,060,000
                                                                                                                   质押
 同盈贸易有限公司                 境外法人         4.32        789,001,992         H股           –
                                                                                                              789,001,992
 华夏人寿保险股份有限公司
                                     其他          4.31        788,319,315         A股           –                 –
 -万能保险产品

 中国证券金融股份有限公司            其他          3.85        703,874,479         A股           –                 –

                                                                                                                   质押
 隆福集团有限公司                 境外法人         2.77        505,772,634         H股           –
                                                                                                              505,772,634
 中央汇金资产管理有限责任
                                     其他          2.65        483,801,600         A股           –                 –
 公司

 香港中央结算有限公司(4)             其他          1.62        296,526,072         A股           –                 –

                                                                                                                   质押
 商发控股有限公司                 境外法人         1.43        261,581,728         H股           –
                                                                                                              169,463,933

 深业集团有限公司                 国有法人         1.41        257,728,008         A股           –                 –




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                                                                                                   2017 年第一季度报告

注:(1)香港中央结算(代理人)有限公司为本公司 H 股非登记股东所持股份的名义持有人。同盈贸易有限公司、隆福集团有限公司及商
        发控股有限公司持有的本公司股份均登记在香港中央结算(代理人)有限公司名下。为避免重复计算,香港中央结算(代理人)有
        限公司持股数量已经除去上述三家公司的持股数据。
   (2)A 股股东性质为股东在中国证券登记结算有限公司上海分公司登记的账户性质。
   (3)因本公司股票为融资融券标的证券,股东持股数量按照其通过普通证券账户、信用证券账户持有的股票及权益数量合并计算。
   (4)香港中央结算有限公司名下股票为沪股通的非登记股东所持股份。


上述股东关联关系或一致行动关系的说明:

同盈贸易有限公司、商发控股有限公司、隆福集团有限公司均属于卜蜂集团有限公司全资持股子公司,三
者因具有同一控制人构成关联关系或一致行动关系。

除上述情况外,本公司未知上述其他股东之间是否存在关联关系或一致行动关系。

§3 季度经营分析

3.1 概览

2017年第一季度,中国经济整体运行延续去年下半年以来稳中向好的态势,结构调整稳步推进,转型升级
势头良好。中国平安坚持以“国际领先的个人金融生活服务提供商”的公司愿景为方向,聚焦大金融资产
与大医疗健康,围绕与金融相关的领域提供服务,不断优化产品和服务体验,持续推进“一个定位,两个
聚焦,四个生态服务”战略。回顾第一季度的经营情况,公司整体业绩持续稳健增长,集团个人客户规模
持续增长,迁徙效果显著;保险业务稳健发展,品质保持领先;银行业务转型步伐加快,提升风险抵御能
力;资产管理业务严控风险,持续推动转型;互联网金融业务保持快速增长。

公司整体业绩持续稳健增长。2017 年第一季度实现归属于母公司股东的净利润 230.53 亿元,同比增长 11.4%;
截至 2017 年 3 月 31 日,归属于母公司股东权益为 4,114.77 亿元,较年初增长 7.3%;公司总资产达 5.77 万
亿元,较年初增长 3.5%。

3.2 客户经营分析

平安客户及用户规模持续增长,迁徙成效显著。

截至2017年3月31日,平安集团个人客户总量1.38亿,较年初增长5.0%,其中,3,502万客户同时持有多家子
公司合同。第一季度新增客户1,178万,其中互联网渠道新增客户201万。集团互联网业务持续深化发展,截
至2017年3月31日,平安互联网用户量约3.77亿,较年初增长8.7%,其中APP用户量2.65亿,月活跃用户量
6,464万。第一季度用户在各互联网平台之间的迁徙量达1,974万人次,同比增长70.2%。




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                                                                                                              2017 年第一季度报告

                                                                       2017 年                     2016 年
(万人)                                                               3 月 31 日            12 月 31 日         较上年末比(%)
    个人客户数                                                          13,760                       13,107                  5.0
        其中:
          同时持有多家子公司合同                                         3,502                        3,150                 11.2
    互联网用户数                                                        37,653                       34,630                  8.7
        其中:
          APP 用户                                                      26,469                       23,336                 13.4
                        (1)
          月活跃用户                                                     6,464                        6,199                  4.3
(1)月活跃用户数为最近 12 个月的平均月活跃用户数。


3.3 寿险业务
寿险新业务价值持续快速增长,业务规模保持稳健发展,代理人队伍规模和产能同步提升。
2017年第一季度,寿险业务实现新业务价值212.64亿元,同比增长60.0%;寿险业务规模保费1,846.40亿元,
同比增长37.1%,其中个人业务规模保费1,781.91亿元,同比增长38.1%。

(人民币百万         2016 年       2016 年        2016 年            2016 年           2016 年          2017 年
                                                                                           (1)
元)                 第一季度     第二季度        第三季度          第四季度           合计             第一季度       同比(%)

新业务价值             13,290            13,079       13,298           11,137             50,805              21,264         60.0
(1) 因四舍五入,直接相加未必等于总数。
(2)新业务价值为偿二代口径。2016 年 11 月,中国精算师协会发布了《精算实践标准:人身保险内含价值评估标准》的通知,正式实施偿
    二代内含价值评估。本公司基于上述评估标准和 2016 年末评估假设,回溯计算了 2016 年各季度的寿险新业务价值。

平安寿险以客户经营为核心,坚持价值经营导向和平台发展理念,推动多渠道共同发展,致力于内含价值
及规模的持续、健康、稳定成长。2017年第一季度,平安寿险代理人渠道队伍发展量质齐升;银行保险渠
道期缴新业务规模保费快速增长;电销渠道市场份额稳居行业第一;互联网渠道继续深化以“金管家APP”
为核心的O2O经营模式,实现规模保费高速增长。
 (人民币百万元)                                                    2017 年 1-3 月            2016 年 1-3 月          同比(%)
 平安寿险
 净利润                                                                    13,299                     12,765                  4.2
 规模保费    (1)




  个人业务
       新业务
          代理人渠道                                                       65,841                     40,593                 62.2
          银保渠道                                                             4,978                   8,282                 (39.9)
             其中:期缴保费                                                    2,770                   1,210                128.9
          电销、互联网及其他     (1)
                                                                               3,574                   2,107                 69.6
       新业务小计                                                          74,393                     50,982                 45.9
       续期业务                                                           103,597                     78,055                 32.7
 个人业务小计                                                             177,990                    129,037                 37.9
 团体业务                                                                       611                      459                 33.1
 合计                                                                     178,601                    129,496                 37.9
 (1)业务类型按投保人为个人或团体分类为个人业务和团体业务,去年同期数据已按新分类口径重述。
 (2)代理人通过 O2O 经营模式在“金管家 APP”销售的保费数据计入互联网渠道。


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                                                                                             2017 年第一季度报告


                                                                     2017 年            2016 年
                                                                   3 月 31 日        3 月 31 日       同比(%)
 代理人规模(万人)                                                    119.6              93.7               27.6


                                                           2017 年 1-3 月      2016 年 1-3 月       同比(%)
 代理人产能    (1)



   人均每月首年规模保费(元)                                         19,190           14,556               31.8
(1)代理人产能包含代理人通过 O2O 经营模式在“金管家 APP”销售的业务数据。


平安养老险业务保持健康增长。2017年第一季度,养老保险业务中,短期险和长期险的业务规模分别为55.87
亿元和22.01亿元,市场份额均居行业前列。截至第一季度末,平安养老险管理的企业年金受托资产1,729.57
亿元、投资资产1,607.48亿元、养老保障及其他委托管理资产1,292.55亿元,在国内专业养老保险公司中保
持领先。

3.4 产险业务

产险业务快速增长,盈利能力稳定。

平安产险全面深化平安3.0战略,不断升级便捷的一站式车生活服务,持续提升客户满意度,业务规模快速
增长,不断强化风险筛选能力,盈利能力保持良好。2017年第一季度,平安产险实现保费收入536.61亿元,
同比增长23.2%,其中,来自交叉销售和电话及网络销售渠道保费收入232.44亿元,同比增长7.4%;车商渠
道保费收入105.02亿元,同比增长11.1%。

 (人民币百万元)                                              2017 年 1-3 月 2016 年 1-3 月        同比(%)
 平安产险
 净利润                                                                3,390             3,310               2.4
 保费收入
   车险                                                               41,035            37,293              10.0
   非机动车辆保险                                                     11,113             4,924             125.7
   意外与健康保险                                                      1,513             1,335              13.3
 合计                                                                 53,661            43,552              23.2
                                                                                                           上升
 综合成本率                                                           95.9%             94.3%      1.6 个百分点

3.5 银行业务

银行业务规模稳健增长,业务转型步伐加快,提升风险抵御能力。

平安银行大力推动战略转型,在保持盈利和规模平稳增长的情况下,贯彻“科技引领”、“零售突破”和
“对公做精”三大关键策略,有序推动改革转型。高度重视科技创新和技术运用,对内降低运营成本、提
升管理效率,对外改善服务品质、提升客户体验。零售转型多点突破,以客户为中心,在保持良好品质的
前提下实现业务快速增长,并在服务、产品、渠道和组织上不断创新和升级。对公业务做深做精,由规模
型增长转向价值驱动和质量驱动的内涵型增长,精选行业和客户,精细化运作产品与服务,践行“三化两
轻”战略。

平安银行积极应对外部风险,持续优化信贷结构,严格管控增量业务风险,防范和化解存量贷款可能出现
的各类风险,加大不良资产清收处置力度,加大拨备及核销力度,保持资产质量相对稳定。

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                                                                                            2017 年第一季度报告

(人民币百万元)                                             2017 年 1-3 月   2016 年 1-3 月       同比(%)
平安银行
净利润                                                                 6,214           6,086                   2.1
营业收入(1)                                                        27,712           27,532                   0.7
  净利息收入                                                         18,869           19,079                  (1.1)
  非利息收入                                                           8,843           8,453                   4.6
贷款减值损失                                                         12,191            9,460                  28.9
经营效率
  净息差                                                             2.53%            2.91%      下降 0.38 个百分点
  成本收入比                                                        24.55%           29.35%      下降 4.80 个百分点
(1)还原营改增前的营业收入为 297.90 亿元,同比增幅 8.2%。

                                                                    2017 年          2016 年
(人民币百万元)                                                  3 月 31 日     12 月 31 日 较上年末比(%)
 存贷款业务
    发放贷款和垫款                                                 1,548,162       1,475,801                   4.9
      其中:个人贷款(含信用卡)                                      585,158          540,944                   8.2
    吸收存款                                                       1,912,082       1,921,835                  (0.5)
      其中:个人存款                                                289,510          269,022                   7.6
 资产质量
    关注贷款占比                                                    4.12%              4.11%     上升 0.01 个百分点
    不良贷款率                                                      1.74%              1.74%                       -
    拨备覆盖率                                                    163.32%           155.37% 上升 7.95 个百分点
    拨贷比                                                          2.84%              2.71% 上升 0.13 个百分点
                                                                    2017 年          2016 年
(人民币百万元)                                                  3 月 31 日     12 月 31 日 较上年末比(%)
 零售业务
    零售客户数(万)                                                     4,369           4,047                  8.0
    管理个人客户资产(AUM)                                           906,386          797,600                 13.6
    信用卡流通卡量(万张)                                               2,710           2,561                  5.8
                                                                    2017 年          2016 年
(人民币百万元)                                                  3 月 31 日     12 月 31 日 较上年末比(%)
 资本充足率
    风险加权资产                                                   2,101,897       2,033,715                  3.4
                                                                                                            下降
    资本充足率                                                      11.48%           11.53%        0.05 个百分点
                                                                                                            下降
    一级资本充足率                                                   9.23%            9.34%        0.11 个百分点
                                                                                                            下降
    核心一级资本充足率                                               8.28%             8.36%       0.08 个百分点




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                                                                                 2017 年第一季度报告

3.6 信托业务

信托业务严格控制风险、持续推动转型,业绩保持稳健。
平安信托深化“财富+基金”业务模式,财富管理聚焦客户需求,以积累客户与资产为目标,不断提升客户
体验;资产管理聚焦基础产业、房地产、新兴行业、并购与资本市场等领域,并且在业务模式上探索以基
金化模式开展投资,大力支持实体经济。同时,平安信托持续加强业务风险管控,坚持合法合规经营,积
极履行社会责任、做实慈善信托,各项业务安全、稳健发展。截至2017年3月31日,平安信托资产管理规模
6,705.47亿元,较年初下降1.0%;其中事务管理类规模较年初下降0.6%至3,886.01亿元,投资类规模较年初
下降6.6%至1,320.30亿元,融资类规模较年初增长3.5%至1,499.16亿元。活跃财富客户数达6.17万,较年初
增长17.5%。

3.7 证券业务

证券进一步深化战略转型,巩固差异化竞争优势。

平安证券经纪互联网客户活跃度持续提升,2017年第一季度日均活跃客户数为130.22万,同比大幅增长
96.9%,带动零售个人客户交易量市场份额同比提升0.36个百分点至2.13%。机构业务持续推进投行转型和
交易创新模式探索,债券类策略收益突出,占交易收入比重达39%,利率互换做市业务排名保持券商第一。

                                                 2017 年 1-3 月   2016 年 1-3 月        同比(%)
 平安证券
 经纪业务
   日均活跃客户数(万)                                  130.22              66.12                96.9
   个人客户交易量市场份额                                2.13%              1.77%     上升 0.36 个百分点

3.8 互联网金融业务

互联网金融战略持续深化,各项业务保持快速增长。

2016年陆金所控股完成对普惠业务、重金所业务和前交所业务的重组,形成“三所一惠”的战略格局。通
过“三所一惠”的资源整合,陆金所控股进一步发挥自身优势,全方位布局财富管理、消费金融和机构间
金融资产交易,进一步巩固在互联网金融行业的领先优势,2017年第一季度交易量保持较快增长。
                                                        2017 年             2016 年
 用户数量(万)                                       3 月 31 日        12 月 31 日较上年末比(%)
 陆金所
   注册用户数                                              3,013             2,838                6.2
   活跃投资用户数                                           765               740                 3.4


 交易规模(人民币百万元)                        2017 年 1-3 月   2016 年 1-3 月         同比(%)
 陆金所/前交所/重金所
   零售                                                 559,409           305,470                83.1
   机构                                                1,383,932          995,450                39.0




                                               8
                                                                                            2017 年第一季度报告

                                                               2017 年               2016 年
 资产管理规模(人民币百万元)                                3 月 31 日         12 月 31 日 较上年末比(%)
 陆金所/前交所/重金所
   零售资产管理规模                                             466,438              438,379                6.4
 普惠业务
   管理贷款余额                                                 189,183              146,640               29.0

平安好医生致力于打造一站式、全流程、O2O的健康医疗服务平台,以在线诊疗服务作为切入口,配合健
康大数据的挖掘和应用,为用户提供全方位的医疗及健康管理服务。截至2017年3月31日,平安好医生累计
为超过1.4亿用户提供服务,月活跃用户数峰值1,879万,日咨询量峰值43万。

金融壹账通致力于为个人和机构用户提供全方位服务,进一步搭建金融机构服务生态圈的开放平台。截至
2017年3月31日,个人用户规模超1.90亿,新增金融产品销售额172亿元;机构服务方面,累计与301家银行
和1,253家非银金融及准金融机构合作;新增同业交易规模7,210亿元,征信业务查询量超1.36亿次。

3.9 展望
展望全年,中国经济依旧面临着复杂和严峻的形势,同时,以互联网为核心的新科技迅速发展,将给金融
业在内的几乎所有传统产业带来重大挑战和机遇。本公司将密切关注外部环境的变化,继续围绕“一个客
户、多种产品、一站式服务”的综合金融服务模式,朝着“国际领先的个人金融生活服务提供商”的战略
目标砥砺前行,坚守服务初心,积极提升服务口碑,实现全年业绩的持续稳健增长,回馈社会和投资者对
平安的支持与信赖。

§4 重要事项

4.1 公司主要会计报表项目、财务指标大幅度变动的情况及原因

√适用     □不适用

(1)主要财务指标增减变动幅度及原因
                               2017 年           2016 年
主要财务指标
                            3 月 31 日/      12 月 31 日/    同比(%)                主要变动原因
(人民币百万元)
                         2017 年 1-3 月    2016 年 1-3 月
总资产                       5,773,318         5,576,903           3.5    业务增长
总负债                       5,254,793         5,090,442           3.2    业务增长
归属于母公司股东权益           411,477           383,449           7.3    经营业绩贡献
归属于母公司股东的
                                23,053            20,700          11.4    公司整体盈利能力稳步提升
  净利润


(2)财务报表主要项目变动分析
资产负债表项目                  2017 年           2016 年
                                                             同比(%)                主要变动原因
(人民币百万元)              3 月 31 日       12 月 31 日
衍生金融资产                      4,270             8,836       (51.7)    贵金属衍生金融工具规模减少
向中央银行借款                  25,074            19,137          31.0    向中央银行卖出回购债券款增加
以公允价值计量且其变动
                                14,595            25,883        (43.6)    交易性黄金租赁应付款减少
计入当期损益的金融负债



                                                     9
                                                                                             2017 年第一季度报告

应付账款                           5,492             8,565      (35.9)   结算应付账款
预收保费                          18,756            52,239      (64.1)   部分预收保费已转实收
利润表项目                 2017 年 1-3 月   2016 年 1-3 月 同比(%)                  主要变动原因
保险业务收入                     211,093           155,451       35.8    保险业务增长
提取未到期责任准备金               8,870             3,429      158.7    产险业务增长
公允价值变动损益                     (85)             (816)      89.6    交易性金融资产公允价值波动
汇兑损益                            (115)              43      不适用    汇率及外币资产规模变动
退保金                             9,545             7,249       31.7    部分保险产品退保金增加
提取保险责任准备金                93,897            64,238       46.2    保险业务增长
保险业务手续费及佣金支出          30,187            19,362       55.9    保险业务增长
税金及附加                           838             5,239      (84.0)   营改增影响
其他业务成本                      10,763             7,485       43.8    万能险账户利息支出增加
所得税                             6,988             3,959       76.5    应税利润增加
                                                                         可供出售金融资产公允价值变动及出售等
其他综合收益                       6,311           (11,246)    不适用
                                                                          的综合影响


4.2 重要事项进展情况及其影响和解决方案的分析说明

√ 适用      □不适用

核心人员持股计划的实施情况
经本公司 2014 年 10 月 28 日召开的第九届董事会第十六次会议审议,2015 年 2 月 5 日召开的 2015 年第一
次临时股东大会批准,本公司核心人员持股计划正式实施。此项计划实施以来公司经营稳健,股东、公司
和员工利益共享、风险共担,为进一步完善公司的治理结构、建立健全公司长期激励和约束机制,促进公
司长期、持续、健康发展提供了有力的保障。
截至本报告期末,持股计划共实施三期:

(1)2015年持股计划

参加对象为包括公司董事、职工代表监事和高级管理人员在内的平安集团及其附属子公司的 839 名核心关
键人员,资金来源为员工的合法薪酬及业绩奖金额度。

本公司委托持股计划管理人招商证券股份有限公司(后于 2015 年 9 月 9 日因设立子公司变更为“招商证券
资产管理有限公司”)于 2015 年 3 月 20 日至 2015 年 3 月 26 日通过二级市场完成购股,共购得中国平安 A
股股票 4,050,253 股,总金额合计人民币 312,047,645 元(含费用),占当时公司总股本的 0.044%,购股详情
参见公司 2015 年 3 月 27 日及 2015 年 3 月 30 日披露于联交所、上交所网站的《关于 2015 年度核心人员持
股计划完成股票购买的公告》。

由于本公司 2014 年年度利润分配涉及以资本公积金转增股本,每十股转增十股,导致本期持股计划的总股
数变更为 8,100,506 股。

本期持股计划于 2017 年 3 月 30 日解禁三分之一并分批归属,可归属员工 701 人,另有 64 名员工不符合归
属条件,收回股票 299,622 股。

(2)2016年持股计划

参加对象为包括公司董事、职工代表监事和高级管理人员在内的平安集团及其附属子公司的 773 名核心关

                                                     10
                                                                                                          2017 年第一季度报告

键人员,资金来源为员工的合法薪酬及业绩奖金额度。

公司委托持股计划管理人招商证券资产管理有限公司于 2016 年 3 月 17 日至 2016 年 3 月 21 日通过二级市
场完成购股,共购得中国平安 A 股股票 14,803,850 股,成交金额合计人民币 481,578,936.53 元,占当时公
司总股本的 0.081%,成交均价为人民币 32.53 元/股。本次所购买的股票锁定期为 2016 年 3 月 23 日至 2017
年 3 月 22 日,购股详情参见公司 2016 年 3 月 22 日及 2016 年 3 月 23 日披露于联交所、上交所网站的《关
于 2016 年度核心人员持股计划完成股票购买的公告》。

本期持股计划于 2017 年 3 月 23 日解禁三分之一并分批归属,可归属员工 721 人,另有 52 名员工不符合归
属条件,收回股票 582,029 股。

(3)2017年持股计划

参加对象为包括公司董事、职工代表监事和高级管理人员在内的平安集团及其附属子公司的 1,157 名核心关
键人员,资金来源为员工的合法收入及业绩奖金额度。

公司委托持股计划管理人招商证券资产管理有限公司于 2017 年 3 月 23 日至 2017 年 3 月 27 日通过二级市
场完成购股,共购得中国平安 A 股股票 16,419,990 股,成交金额合计人民币 603,305,761.16 元,占当时公
司总股本的 0.090%,成交均价为人民币 36.74 元/股。本次所购买的股票锁定期为 2017 年 3 月 29 日至 2018
年 3 月 28 日,购股详情参见公司 2017 年 3 月 28 日及 2017 年 3 月 29 日披露于联交所、上交所网站的《关
于 2017 年度核心人员持股计划完成股票购买的公告》。本报告期内不存在因持股计划持有人处分权利而引
起的股份权益变动。

本公司持股计划的管理机构为招商证券资产管理有限公司,报告期内管理机构未发生变更。

4.3 公司、股东及实际控制人承诺事项履行情况

√ 适用       □不适用

与深发展1重大资产重组所作出的承诺

(1) 本公司承诺,与深发展重大资产重组完成后,在本公司作为深发展的控股股东期间,针对本公司以及
    本公司控制的其他企业未来拟从事或实质性获得深发展同类业务或商业机会,且该等业务或商业机会
    所形成的资产和业务与深发展可能构成潜在同业竞争的情况,本公司以及本公司控制的其他企业将不
    从事与深发展相同或相近的业务,以避免与深发展的业务经营构成直接或间接的竞争。

(2) 本公司承诺,在与深发展重大资产重组完成后,就本公司及本公司控制的其他企业与深发展之间发生
    的构成深发展关联交易的事项,本公司及本公司控制的其他企业将遵循市场交易的公开、公平、公正
    的原则,按照公允、合理的市场价格与深发展进行交易,并依据有关法律、法规及规范性文件的规定
    履行决策程序,依法履行信息披露义务。本公司保证本公司及本公司控制的其他企业将不通过与深发
    展的交易取得任何不正当的利益或使深发展承担任何不正当的义务。

(3) 本公司承诺,本次重大资产重组完成后,在本公司作为深发展的控股股东期间,将维护深发展的独立
    性,保证深发展在人员、资产、财务、机构、业务等方面与本公司以及本公司控制的其他企业彼此间
    独立。

截至2017年3月31日,上述承诺仍在履行之中,没有出现违反承诺的情况。

1
    深发展,指原深圳发展银行股份有限公司,2010 年 5 月开始是本公司的联营公司,2011 年 7 月转为本公司的子公司,于 2012 年 7 月 27 日

更名为“平安银行股份有限公司”。

                                                                 11
                                                                             2017 年第一季度报告

发行平安转债所作出的承诺

本公司在发行平安转债期间,就部分下属公司涉及自用物业建设项目及养老社区建设项目,本公司承诺,
目前及未来都将严格遵守保险资金投资不动产的相关规定,遵守专地专用原则,不变相炒地卖地,不利用
投资养老和自用性不动产的名义开发和销售商品住房。

截至2017年3月31日,上述承诺仍在履行之中,没有出现违反承诺的情况。

认购平安银行非公开发行1,323,384,991股新股所作出的承诺

本公司就认购平安银行非公开发行1,323,384,991股新股承诺,自新增股份上市之日(2014年1月9日)起,三
十六个月内不得转让。但是,在适用法律许可的前提下,在本公司关联机构(即在任何直接或间接控制本
公司、直接或间接受本公司控制、与本公司共同受他人控制的人)之间进行转让不受此限。锁定期满之后,
本公司可以按中国证监会和深圳证券交易所的有关规定处置本次发行的股份。

截至2017年3月31日,上述承诺已经履行完毕。

认购平安银行非公开发行210,206,652股新股所作出的承诺

本公司就认购平安银行非公开发行210,206,652股新股承诺,自新增股份上市之日(2015年5月21日)起,三
十六个月内不得转让。该等股份,在限售期内既不在非关联企业间出售转让,也不在关联企业间转让处分,
也不就该限售股份作出其他任何权益处分的安排。

截至2017年3月31日,上述承诺仍在履行之中,没有出现违反承诺的情况。

4.4 预测年初至下一报告期期末的累计净利润可能为亏损或者与上年同期相比发生大幅度变动的警示及原

因说明

□ 适用 √ 不适用

4.5 报告期内现金分红政策的执行情况

2017年3月22日,本公司董事会建议,以总股本18,280,241,410股为基数,派发公司2016年度末期股息,每股
派发现金股息0.55元(含税),共计10,054,132,775.50元,其余未分配利润结转至2017年度。

该利润分配方案尚待2017年6月16日举行的2016年年度股东大会审议通过后实施。




                                              12
                                                                                                   2017 年第一季度报告


4.6 担保情况

                                                                                                  单位: 人民币百万元

                          公司和子公司对外担保情况(不包括对控股子公司的担保)

 报告期内对外担保发生额合计                                                                                              -
 报告期末对外担保余额合计                                                                                                -
                                     公司及其子公司对控股子公司的担保情况
 报告期内对控股子公司担保发生额合计                                                                                372
 报告期末对控股子公司担保余额合计                                                                               37,861
                                    公司担保总额情况(包括对子公司的担保)
 担保总额                                                                                                       37,861
 担保总额占公司净资产的比例(%)                                                                                     9.2
   其中:直接或间接为资产负债率超过 70%(于 2017 年 3 月 31 日)的被
           担保对象提供的担保金额                                                                               31,014
           公司及其子公司担保总额超过公司净资产 50%部分的金额                                                            -
注:上表中的数据未包含本公司的控股子公司平安银行等按照监管部门批准的经营范围开展的金融担保业务的数据。




                                                                               中国平安保险(集团)股份有限公司
                                                                                   董事长兼首席执行官 马明哲
                                                                                     二〇一七年四月二十七日




                                                           13
                                                                                         2017 年第一季度报告

§5 附录


                                   中国平安保险(集团)股份有限公司

                                             合并资产负债表

                                            2017 年 3 月 31 日
                                                             单位:百万元     币种:人民币   审计类型:未经审计

                                                                 2017 年 3 月 31 日          2016 年 12 月 31 日
                                                                     (未经审计)                  (经审计)
 资产
   货币资金                                                                  541,587                    569,683
   结算备付金                                                                  9,085                      9,738
   拆出资金                                                                   69,309                     97,450
   以公允价值计量且其变动计入当期损益的金融资产                              139,129                    153,963
   衍生金融资产                                                                4,270                      8,836
   买入返售金融资产                                                           79,333                     65,657
   应收利息                                                                   47,801                     44,950
   应收保费                                                                   39,541                     35,325
  应收账款                                                                    21,450                     22,353
   应收分保账款                                                               14,129                     12,348
   应收分保合同准备金                                                         16,227                     15,269
  长期应收款                                                                  84,292                     78,056
   保户质押贷款                                                               70,548                     64,634
   发放贷款及垫款                                                           1,520,215                 1,458,291
   定期存款                                                                  163,680                    189,950
   可供出售金融资产                                                          594,634                    537,241
   持有至到期投资                                                           1,060,741                 1,009,714
   应收款项类投资                                                            819,767                    751,990
   长期股权投资                                                               52,037                     48,955
   商誉                                                                       20,268                     20,639
   存出资本保证金                                                             12,128                     12,098
   投资性房地产                                                               42,822                     42,396
   固定资产                                                                   35,948                     36,147
   无形资产                                                                   36,565                     36,550
   递延所得税资产                                                             30,820                     28,292
   其他资产                                                                  204,537                    182,588
   独立账户资产                                                               42,455                     43,790
   资产总计                                                                 5,773,318                 5,576,903




                                                    14
                                                                             2017 年第一季度报告

 负债及股东权益

 负债

   短期借款                                                      58,444                     56,904

   向中央银行借款                                                25,074                     19,137

   银行同业及其他金融机构存放款项                               391,704                    384,909

   拆入资金                                                      59,513                     52,586

   以公允价值计量且其变动计入当期损益的金融负债                  14,595                     25,883

   衍生金融负债                                                   7,255                      8,715

   卖出回购金融资产款                                            96,128                     89,166

   吸收存款                                                    1,853,012                  1,868,294

   代理买卖证券款                                                25,575                     26,083
   应付账款                                                       5,492                      8,565
   预收款项                                                       6,476                      6,582
   预收保费                                                      18,756                     52,239
   应付手续费及佣金                                              11,496                      9,283
   应付分保账款                                                  17,065                     14,177
   应付职工薪酬                                                  23,619                     30,892
   应交税费                                                      36,507                     28,848
   应付利息                                                      24,187                     24,582
   应付赔付款                                                    40,078                     37,688
   应付保单红利                                                  41,834                     39,216
   保户储金及投资款                                             496,565                    472,557
   保险合同准备金                                              1,258,069                  1,154,056
   长期借款                                                      72,536                     71,258
   应付债券                                                     409,178                    349,825
   递延所得税负债                                                13,823                     11,274
   其他负债                                                     205,357                    203,933
   独立账户负债                                                  42,455                     43,790
   负债合计                                                    5,254,793                  5,090,442
 股东权益
   股本                                                          18,280                     18,280
   资本公积                                                     121,302                    122,510
   其他综合收益                                                  24,745                     18,562
   盈余公积                                                      11,366                     11,366
   一般风险准备                                                  36,826                     36,799
   未分配利润                                                   198,958                    175,932
   归属于母公司股东权益合计                                     411,477                    383,449
   少数股东权益                                                 107,048                    103,012
   股东权益合计                                                 518,525                    486,461
   负债和股东权益合计                                          5,773,318                  5,576,903

公司法定代表人: 马明哲              主管会计工作负责人: 姚波     会计机构负责人: 项有志

                                                      15
                                                                                     2017 年第一季度报告

                                  中国平安保险(集团)股份有限公司

                                          合并利润表
                                         2017 年 1-3 月
                                                           单位:百万元   币种:人民币   审计类型:未经审计

                                                                 2017 年 1-3 月            2016 年 1-3 月
                                                                  (未经审计)               (未经审计)

一、营业收入

   保险业务收入                                                           211,093                   155,451

       其中:分保费收入                                                        14                         8

   减:分出保费                                                            (5,020)                  (5,097)

       提取未到期责任准备金                                                (8,870)                  (3,429)

   已赚保费                                                               197,203                   146,925

   银行业务利息收入                                                        34,967                    33,134

   银行业务利息支出                                                       (15,837)                 (13,580)

   银行业务利息净收入                                                      19,130                    19,554

   非保险业务手续费及佣金收入                                              11,001                    10,462

   非保险业务手续费及佣金支出                                              (1,268)                    (984)

   非保险业务手续费及佣金净收入                                             9,733                     9,478

   投资收益                                                                29,428                    24,283

   公允价值变动收益                                                           (85)                    (816)

   汇兑损益                                                                  (115)                       43

   其他业务收入                                                            10,349                     9,390

   营业收入合计                                                           265,643                   208,857

二、营业支出

   退保金                                                                  (9,545)                  (7,249)

   保险合同赔付支出                                                       (40,260)                 (36,211)

   减:摊回保险合同赔付支出                                                 2,093                     3,521

   提取保险责任准备金                                                     (93,897)                 (64,238)

   减:摊回保险责任准备金                                                     390                     (271)

   保单红利支出                                                            (5,900)                  (4,825)

   保险业务手续费及佣金支出                                               (30,187)                 (19,362)

   税金及附加                                                               (838)                   (5,239)

   业务及管理费                                                           (29,952)                 (28,494)


   减:摊回分保费用                                                         1,407                     1,008



                                               16
                                                                           2017 年第一季度报告

    财务费用                                                    (2,788)                  (2,975)

    其他业务成本                                               (10,763)                  (7,485)

    资产减值损失                                               (12,744)                  (9,909)

    营业支出合计                                              (232,984)                (181,729)

三、营业利润                                                    32,659                   27,128

    加:营业外收入                                                 136                      270

    减:营业外支出                                                 (67)                     (50)

四、利润总额                                                    32,728                   27,348

    减:所得税                                                  (6,988)                  (3,959)

五、净利润                                                      25,740                   23,389

    归属于母公司股东的净利润                                    23,053                   20,700

    少数股东损益                                                 2,687                    2,689

六、每股收益 (人民币元)

    基本每股收益                                                  1.29                     1.16

    稀释每股收益                                                  1.29                     1.16

七、其他综合收益

    归属于母公司股东的其他综合收益的税后净额

       以后将重分类进损益的其他综合收益

       权益法下在被投资单位以后将重分类进损益的其他综合
             收益中享有的份额                                        7                        -

       可供出售金融资产变动                                      6,435                  (17,638)

       影子会计调整                                               (221)                   6,584
       外币财务报表折算差额                                        (38)                    (137)
    归属于少数股东的其他综合收益的税后净额                         128                      (55)

    其他综合收益合计                                             6,311                  (11,246)

八、综合收益总额                                                32,051                   12,143

    归属母公司股东的综合收益总额                                29,236                    9,509

    归属少数股东的综合收益总额                                   2,815                    2,634



公司法定代表人: 马明哲             主管会计工作负责人: 姚波   会计机构负责人: 项有志




                                                     17
                                                                                          2017 年第一季度报告

                                    中国平安保险(集团)股份有限公司

                                            合并现金流量表

                                             2017 年 1-3 月
                                                               单位:百万元    币种:人民币   审计类型:未经审计

                                                                  2017 年 1-3 月                2016 年 1-3 月
                                                                   (未经审计)                   (未经审计)
一、经营活动产生的现金流量
   收到原保险合同保费取得的现金                                          172,432                        132,357
   客户存款和同业存放款项净增加额                                                 -                     115,212
   向中央银行借款净增加额                                                     5,922                            -
   保户储金及投资款净增加额                                               18,215                         13,552
   收取利息、手续费及佣金的现金                                           38,407                         35,399
   存放中央银行和银行同业款项净减少额                                             -                       1,608
   银行业务及证券业务买入返售资金净减少额                                     1,762                      14,924
   银行业务应收账款净减少额                                                    341                          821
   银行业务应付账款净增加额                                                       -                         147
   融资租赁业务借款净增加额                                                   3,933                       1,838
   收到的其他与经营活动有关的现金                                         31,129                         17,171
   经营活动现金流入小计                                                  272,141                        333,029
   支付原保险合同赔付款项的现金                                          (37,994)                       (34,550)
   再保业务产生的现金净额                                                     (359)                        (488)
   向中央银行借款净减少额                                                         -                        (283)
   支付保单红利的现金                                                     (3,608)                        (2,557)
   发放贷款及垫款净增加额                                                (78,956)                       (56,805)
   支付利息、手续费及佣金的现金                                          (39,604)                       (28,678)
   支付给职工以及为职工支付的现金                                        (21,606)                       (19,395)
   支付的各项税费                                                         (9,440)                        (9,426)
   存放中央银行和银行同业款项净增加额                                    (24,313)                              -
   客户存款和银行同业存放款项净减少额                                     (7,219)                              -
   银行业务及证券业务卖出回购资金净减少额                                 (2,984)                        (7,062)
   银行业务及证券业务拆借资金净减少额                                    (10,248)                       (10,043)
   融资租赁业务长期应收款净增加额                                         (6,236)                        (2,489)
   支付的其他与经营活动有关的现金                                        (71,259)                       (41,981)
   经营活动现金流出小计                                                 (313,826)                      (213,757)
   经营活动产生的现金流量净额                                            (41,685)                       119,272
二、投资活动产生的现金流量
   收回投资所收到的现金                                                  623,322                        747,922
   取得投资收益收到的现金                                                 41,053                         40,801



                                                   18
                                                                                 2017 年第一季度报告

    处置固定资产、无形资产和其他长期资产收回的现金净额                63                            5
    收购和处置子公司收到的现金净额                                      -                       2,912
    收到的其他与投资活动有关的现金                                 1,071                          584
    投资活动现金流入小计                                         665,509                      792,224
    投资支付的现金                                              (748,212)                    (908,416)
    购建固定资产、无形资产和其他长期资产支付的现金                (2,802)                      (2,720)
    保户质押贷款净增加额                                          (5,790)                      (4,863)
    购买子公司部分少数股权支付的现金净额                          (1,528)                        (383)
    收购和处置子公司支付的现金净额                                  (294)                            -
    投资活动现金流出小计                                        (758,626)                    (916,382)
    投资活动产生的现金流量净额                                   (93,117)                    (124,158)
三、筹资活动产生的现金流量
    吸收投资收到的现金                                             2,390                       11,074
      其中:子公司吸收少数股东投资收到的现金                       2,390                       11,074
    取得借款收到的现金                                            88,389                       75,695
    发行债券收到的现金                                           315,328                      179,836
    收到的其他与筹资活动有关的现金                                 2,227                        3,791
    筹资活动现金流入小计                                         408,334                      270,396
    偿还债务所支付的现金                                        (339,495)                    (182,656)
    分配股利及偿付利息支付的现金                                  (4,759)                      (4,732)
      其中:子公司支付给少数股东的股利                              (501)                          (1)
    保险业务卖出回购业务资金净减少额                             (11,154)                     (25,193)
    支付的其他与筹资活动有关的现金                                (2,659)                      (4,144)
    筹资活动现金流出小计                                        (358,067)                    (216,725)
    筹资活动产生的现金流量净额                                    50,267                       53,671
四、汇率变动对现金及现金等价物的影响                                (514)                        (132)
五、现金及现金等价物净 (减少)╱增加额                            (85,049)                      48,653
    加:期初现金及现金等价物余额                                 367,552                      333,325
六、期末现金及现金等价物余额                                     282,503                      381,978

公司法定代表人: 马明哲               主管会计工作负责人: 姚波       会计机构负责人: 项有志




                                                       19
                                                                                           2017 年第一季度报告

                                     中国平安保险(集团)股份有限公司

                                            母公司资产负债表

                                            2017 年 3 月 31 日
                                                              单位:百万元     币种:人民币   审计类型:未经审计

                                                                 2017 年 3 月 31 日           2016 年 12 月 31 日
                                                                    (未经审计)                     (经审计)
 资产
   货币资金                                                                    8,923                      10,028
   以公允价值计量且其变动计入当期损益的金融资产                                1,963                       2,927
   买入返售金融资产                                                             855                        2,947
   应收利息                                                                     289                          344
   定期存款                                                                    1,500                       1,500
   可供出售金融资产                                                           12,101                      12,772
   持有至到期投资                                                              8,700                       6,103
   长期股权投资                                                            183,713                       183,256
   固定资产                                                                      15                           14
   其他资产                                                                     320                          440
    资产总计                                                               218,379                       220,331
 负债及股东权益
 负债
   短期借款                                                                    6,300                       7,300
   卖出回购金融资产款                                                              -                         950
   应付职工薪酬                                                                 613                          715
   应交税费                                                                      15                            4
   应付利息                                                                      82                           55
   其他负债                                                                     190                          181
   负债合计                                                                    7,200                       9,205
 股东权益
   股本                                                                      18,280                       18,280
   资本公积                                                                130,228                       130,168
   其他综合收益                                                                 214                          223
   盈余公积                                                                   11,366                      11,366
   一般风险准备                                                                 395                          395
   未分配利润                                                                50,696                       50,694
   股东权益合计                                                              211,179                     211,126
   负债和股东权益总计                                                      218,379                       220,331
公司法定代表人: 马明哲             主管会计工作负责人: 姚波                     会计机构负责人: 项有志




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                                                                                            2017 年第一季度报告

                                   中国平安保险(集团)股份有限公司
                                              母公司利润表
                                              2017 年 1-3 月
                                                                单位:百万元    币种:人民币   审计类型:未经审计

                                                                    2017 年 1-3 月               2016 年 1-3 月
                                                                     (未经审计)                  (未经审计)

一、营业收入

    投资收益                                                                     288                         206

    公允价值变动损益                                                              10                          (9)

    汇兑损益                                                                     (32)                        (16)

    其他业务收入                                                                 108                         124

    营业收入合计                                                                 374                         305

二、营业支出

    税金及附加                                                                    (1)                         (7)

    业务及管理费                                                                (296)                        (61)

    财务费用                                                                     (74)                        (56)

    营业支出合计                                                                (371)                       (124)

三、营业利润                                                                       3                         181

    减:营业外支出                                                                (1)                           -

四、利润总额                                                                       2                         181

    减:所得税                                                                      -                           -

五、净利润                                                                         2                         181

六、其他综合收益

    以后将重分类进损益的其他综合收益

      可供出售金融资产变动                                                        (9)                        (38)

    其他综合收益合计                                                              (9)                        (38)

七、综合收益总额                                                                  (7)                        143

公司法定代表人: 马明哲            主管会计工作负责人: 姚波                     会计机构负责人: 项有志




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                                                                                             2017 年第一季度报告

                                       中国平安保险(集团)股份有限公司

                                              母公司现金流量表

                                                2017 年 1-3 月
                                                                  单位:百万元    币种:人民币   审计类型:未经审计

                                                                        2017 年 1-3 月              2016 年 1-3 月
                                                                         (未经审计)                  (未经审计)
一、经营活动产生的现金流量
    收到的其他与经营活动有关的现金                                                   106                         453
    经营活动现金流入小计                                                             106                         453
    支付给职工以及为职工支付的现金                                                 (203)                       (194)
    支付的各项税费                                                                    (3)                       (76)
    支付的其他与经营活动有关的现金                                                 (159)                       (716)
    经营活动现金流出小计                                                           (365)                       (986)
    经营活动产生的现金流量净额                                                     (259)                       (533)
二、投资活动产生的现金流量
    收回投资所收到的现金                                                          10,142                       5,513
    取得投资收益收到的现金                                                           628                       1,383
    投资活动现金流入小计                                                          10,770                       6,896
    投资支付的现金                                                               (11,679)                    (6,431)
    构建固定资产、无形资产和其他长期资产支付的现金                                    (2)                          (8)
    支付的其他与投资活动有关的现金                                                    (1)                          (1)
    投资活动现金流出小计                                                         (11,682)                    (6,440)
    投资活动产生的现金流量净额                                                     (912)                         456
三、筹资活动产生的现金流量
    取得借款收到的现金                                                             1,000                       2,000
    筹资活动现金流入小计                                                           1,000                       2,000
    偿还债务支付的现金                                                            (2,000)                    (2,000)
    分配股利及偿付利息支付的现金                                                     (44)                       (78)
    卖出回购业务资金净减少额                                                       (950)                       (222)
    筹资活动现金流出小计                                                          (2,994)                    (2,300)
    筹资活动产生的现金流量净额                                                    (1,994)                      (300)
四、汇率变动对现金及现金等价物的影响                                                 (32)                       (16)
五、现金及现金等价物净增加额                                                      (3,197)                      (393)
    加:期初现金及现金等价物余额                                                  12,975                      10,299
六、期末现金及现金等价物余额                                                       9,778                       9,906

公司法定代表人: 马明哲               主管会计工作负责人: 姚波                    会计机构负责人: 项有志




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