中国平安：银保业务引领业绩增长高股息+低估值凸显配置价值

东吴证券01-31

投资要点作为国内综合金融龙头，中国平安经营基础向好、分红稳定可靠。1）经营基础向好：2015-2024 年公司平均ROE 达16.7%，为上市同业中最高，新准则下稳健的会计政策也强化了ROE 的长期稳定性。2）分红稳定可靠：每股股息保持13 年连续增长，2015-2024 年CAGR 高达19.1%，分红率保持30%以上。公司分红以稳定的营运利润为基础，CSM 余额逐步转正也将为营运利润增长和稳定...

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中国平安：银保业务引领业绩增长 高股息+低估值凸显配置价值

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中国平安：银保业务引领业绩增长高股息+低估值凸显配置价值