FRA:1ZO Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	9,969	11,580	9,528	13,038	665.74	686.69
Investments in Equity & Preferred Securities	6,469	6,381	5,389	813.39	559.66	315.29
Other Investments	545.22	571.71	130.16	478.19	23,250	20,617
Total Investments	36,931	39,239	37,299	36,193	36,288	27,739
Cash & Equivalents	1,121	1,467	1,576	3,526	3,765	8,218
Reinsurance Recoverable	927.05	710.31	631.81	567.6	1,123	667.84
Other Receivables	1,222	1,259	1,196	4,980	8,479	6,851
Property, Plant & Equipment	747.77	797.55	377.44	434.28	239.87	343.77
Goodwill	-	-	-	-	3.19	3.19
Other Intangible Assets	625.57	618.72	527.38	661.79	477.49	481.48
Other Current Assets	694.34	710.89	780.28	707.62	691.7	618.53
Long-Term Deferred Tax Assets	-	-	32.53	182.16	-	-
Long-Term Deferred Charges	10.48	40.53	16.13	15.03	31.86	33.18
Other Long-Term Assets	1,170	441.91	426.75	381.33	672.94	717.24
Total Assets	43,448	45,285	42,864	47,649	51,772	45,673
Accounts Payable	2,296	1,765	1,673	1,462	1,543	989.83
Accrued Expenses	1,461	1,353	1,123	1,245	1,483	1,192
Insurance & Annuity Liabilities	5,856	5,025	3,366	4,057	190.07	13
Unpaid Claims	-	-	-	-	3,363	3,198
Unearned Premiums	-	-	-	-	6,058	5,542
Reinsurance Payable	0.26	0.26	0.26	14.52	851.38	452.44
Current Portion of Leases	68.93	115.66	131.15	135.56	120.14	147.16
Short-Term Debt	8,126	8,012	8,590	7,140	5,666	4,094
Current Income Taxes Payable	259.18	17.51	27.4	0.31	0.01	5
Long-Term Debt	2,605	6,912	6,801	6,658	6,325	6,468
Long-Term Leases	25.06	7.24	155.36	238.25	82.96	171.4
Long-Term Deferred Tax Liabilities	77.31	270.14	-	-	61.95	0
Other Current Liabilities	-	-	-	64.4	-	-
Other Long-Term Liabilities	1,076	827.06	887.97	8,949	6,817	5,933
Total Liabilities	21,889	24,358	22,790	30,034	32,642	28,280
Common Stock	1,470	1,470	1,470	1,470	1,470	1,470
Retained Earnings	3,129	2,461	1,871	-2,176	-1,457	-2,581
Comprehensive Income & Other	16,961	16,996	16,732	16,473	16,735	16,816
Total Common Equity	21,559	20,926	20,073	15,766	16,748	15,705
Minority Interest	-	-	-	1,849	2,382	1,688
Shareholders' Equity	21,559	20,926	20,073	17,615	19,130	17,393
Total Liabilities & Equity	43,448	45,285	42,864	47,649	51,772	45,673
Filing Date Shares Outstanding	1,470	1,470	1,470	1,470	1,470	1,470
Total Common Shares Outstanding	1,470	1,470	1,470	1,470	1,470	1,470
Total Debt	10,825	15,047	15,678	14,172	12,194	10,880
Net Cash (Debt)	-9,705	-13,580	-14,101	-10,645	-8,429	-2,662
Net Cash Per Share	-6.60	-9.24	-9.59	-7.24	-5.73	-1.81
Book Value Per Share	14.67	14.24	13.66	10.73	11.39	10.69
Tangible Book Value	20,934	20,308	19,546	15,104	16,268	15,221
Tangible Book Value Per Share	14.24	13.82	13.30	10.28	11.07	10.36
Buildings	580.1	580.1	-	-	-	-
Machinery	70.77	67.58	62.41	94.06	95.26	81.71
Leasehold Improvements	225.95	222.85	168.03	165.93	148.29	136.55

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.