Ping An Ranks 25th in the Fortune Global 500 List, 1st among mixed-ownership Chinese enterprises

HONG KONG and SHANGHAI, Aug. 3, 2022 /PRNewswire/ -- With sustained performance and growth, Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) ranked 25^th on the 2022 Fortune Global 500 list with its revenue recorded USD199.6 billion in 2021. The Group ranked 4^th among global financial enterprises, 7^th among the Mainland Chinese enterprises, and maintained 1^st place among mixed-ownership Mainland Chinese enterprises.

Other Mainland Chinese enterprises in the top 25 in the 2022 Fortune Global 500 list include State Grid Corporation of China (3^rd), China National Petroleum (4^th), Sinopec Group (5^th), China State Construction Engineering (9^th), Industrial and Commercial Bank of China (22^nd) and China Construction Bank (24^th).

The Fortune Global 500 list is regarded as the most authoritative ranking for the world's biggest companies, measured primarily by annual revenues for fiscal 2021. Given the looming COVID-19 pandemic, the global economy was struggling to recover over the year. The total revenue and the total net profit of the 500 global listed companies this year generated USD37.8 trillion and USD3.1 trillion respectively, setting new highs in the list's history. China (including Hong Kong), with 136, has the most companies on the list.  Adding Taiwan, the total for Greater China is 145. For the first time, revenues from Global 5002318 companies in Greater China (including Taiwan) exceeded revenues from U.S. companies on the list, accounting for 31% of the total.

Despite the complex and difficult business environment and market challenges in 2021, Ping An adhered to the philosophy of "Expertise makes life simple" and continued to upgrade the Group's "integrated finance + healthcare" strategy. The Group accelerated the reform of the life insurance business and digital transformation of business management to enhance its capability to serve the real economy and ensure social livelihood while continuing to achieve high-quality development. For the year ending 31 December 2021, Ping An's revenue amounted to RMB1.18 trillion. Operating profit attributable to shareholders of the parent company amounted to RMB147,961 million. Total assets exceeded RMB10 trillion for the first time. In 2021, Ping An served more than 227 million retail customers and more than 647 million internet users.