FRA:E57 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	304,622	311,971	260,618	205,363	199,739	160,453
Investments in Equity & Preferred Securities	71,693	58,479	42,307	102,859	103,841	82,659
Policy Loans	-	-	-	-	10,464	-
Other Investments	46,952	17,605	22,610	39,722	41,004	29,776
Total Investments	574,743	535,344	460,210	380,838	367,209	306,318
Cash & Equivalents	10,797	6,729	13,660	28,980	6,679	10,988
Reinsurance Recoverable	5,274	5,778	5,150	4,276	5,913	4,917
Other Receivables	730	2,825	3,118	7,121	22,274	20,593
Separate Account Assets	-	-	-	-	322	321
Property, Plant & Equipment	21,121	21,352	22,290	21,989	21,604	22,690
Other Intangible Assets	-	138	181	107	52	37
Restricted Cash	-	2,316	906	1,498	2,230	1,552
Other Current Assets	-	187	247	395	466	3,072
Long-Term Deferred Tax Assets	1,064	776	1,260	2,548	864	169
Other Long-Term Assets	11,834	6,345	6,664	5,817	14,010	35,837
Total Assets	625,563	581,790	513,686	453,569	441,623	406,494
Accrued Expenses	-	2,805	2,483	2,672	5,119	5,651
Insurance & Annuity Liabilities	508,521	457,316	385,377	347,093	207,650	243,477
Unpaid Claims	-	-	-	-	13,809	11,122
Unearned Premiums	640	663	569	2,375	28,783	26,609
Reinsurance Payable	29	23	24	37	2,084	2,072
Short-Term Debt	15,099	22,939	29,662	17,480	17,056	36,975
Current Income Taxes Payable	1,070	982	637	1,036	181	340
Long-Term Debt	19,665	22,257	21,844	12,125	12,923	16,509
Long-Term Leases	603	594	650	782	922	987
Long-Term Deferred Tax Liabilities	773	1,492	101	61	192	781
Other Current Liabilities	-	904	693	578	661	3,856
Other Long-Term Liabilities	16,960	5,810	7,012	8,405	92,418	537
Total Liabilities	563,360	518,377	451,897	394,216	382,407	349,547
Common Stock	11,502	11,502	11,502	11,502	10,351	10,351
Additional Paid-In Capital	-	-	-	-	-	21,710
Retained Earnings	37,619	36,013	31,837	24,418	23,496	18,852
Comprehensive Income & Other	6,716	14,567	17,107	22,155	24,161	4,883
Total Common Equity	55,837	62,082	60,446	58,075	58,008	55,796
Minority Interest	6,366	1,331	1,343	1,278	1,208	1,151
Shareholders' Equity	62,203	63,413	61,789	59,353	59,216	56,947
Total Liabilities & Equity	625,563	581,790	513,686	453,569	441,623	406,494
Filing Date Shares Outstanding	11,502	11,502	11,502	11,502	10,351	10,351
Total Common Shares Outstanding	11,502	11,502	11,502	11,502	10,351	10,351
Total Debt	35,367	45,790	52,156	30,387	30,901	54,471
Net Cash (Debt)	-24,570	-39,061	-38,496	-1,407	-24,222	-43,483
Net Cash Per Share	-2.14	-3.40	-3.35	-0.14	-2.34	-4.20
Book Value Per Share	4.85	5.40	5.26	5.05	5.60	5.39
Tangible Book Value	55,837	61,944	60,265	57,968	57,956	55,759
Tangible Book Value Per Share	4.85	5.39	5.24	5.04	5.60	5.39
Land	-	17,857	17,493	16,406	14,894	12,241
Machinery	-	1,940	1,962	2,120	2,111	2,099
Construction In Progress	-	3,407	4,078	3,751	4,077	7,262

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