Ping An Bank responded to the retail business salary reduction: not salary reduction, performance is not as good as expected, pre -issuing bonuses discounted in the third quarter

According to the Red Star Capital Bureau, at the semi -annual performance conference on August 18, Ping An Bank (000001.SZ) responded to the previous retail salary reduction news that it was not a salary reduction, but the bonus was discounted.

In response to the recent news of the retail line circulating in the market, Cai Xinfa, the special assistant of Ping An Bank President Cai Xinfa, said at the performance conference on the 18th that it was not a salary reduction. In the first half of this year, the retail performance was greatly affected, and there was a gap with the established goals last year. Therefore, in accordance with the rules of performance assessment, the proportion of pre -issuing bonuses in the third quarter was discounted. We have also reflected and criticized the rules of performance evaluation, and have not been adjusted in time based on the macro environmental changes this year. "The loan business in June and July has been recovered, which is much better than the previous months. After the performance is improved, employees will not have to worry too much next quarter."

The Red Star Capital Bureau called Ping An Bank through public contact information and asked the details, but no one answered the phone.

Earlier, some media reported on August 10 that Ping An Bank's retail line started salary reduction. The company's internal caliber was that the retail sector's performance did not meet the standard. The distribution ratio will be adjusted according to the performance. The salary reduction did not affect other business departments of Ping An Bank, but many employees were worried that the scope of salary reduction may expand in the future.

The Red Star Capital Bureau noticed that according to its semi -annual report in 2022, as of the end of the report, there were 40,427 employees in Ping An Bank. In the short -term salary part of the employee, as of June 30, 2022, the salary, bonuses, allowances and subsidies were 15.349 billion, compared with 15.206 billion in the same period last year, and 37,124 employees.

According to the semi -annual report, in the first half of 2022, the retail business realized operating income of 51.402 billion yuan, an increase of 4.4%year -on -year, accounting for 55.9%of the operating income of the entire bank; the net profit of the retail business was 11.065 billion yuan, a year -on -year decrease of 5.6%. The proportion of net profit is 50.1%. The semi -annual report also stated that Ping An Bank continued to promote cost reduction and efficiency, and retail cost income decreased by 1.54 percentage points from a year -on -year.

In this regard, Ping An Bank explained that since the beginning of the year, due to the domestic epidemic and macroeconomic environment, the development of residents' employment, income and consumption and retail business has been impacted. Retail assets' nuclear sales and allocation efforts have led to a decline in net profit of retail business year -on -year, but the overall operations have remained stable.

In terms of stock price, from early April this year, Ping An Bank has generally showed a downward trend. From 16.05 yuan/share on April 11 to 12.25 yuan/share on August 18, the stock price has fallen 23.68%, and the current market value is 237.7 billion.

Red Star News reporter Yu Yao Intern Reporter Tang Jian

Edit Yu Dongmei Guo Yu

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