FRA:PIR 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	Sep '25 Sep 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	916,772	839,812	657,322	516,814	454,936	379,594
Investments in Equity & Preferred Securities	329,783	283,594	253,206	322,390	135,663	124,933
Policy Loans	-	-	-	-	5,889	5,295
Other Investments	140,484	145,786	89,929	359,500	494,853	496,228
Total Investments	1,790,366	1,602,094	1,399,268	1,252,090	1,162,140	1,052,729
Cash & Equivalents	23,359	24,902	20,393	21,365	21,786	23,128
Reinsurance Recoverable	35,916	44,727	43,608	40,147	59,252	52,875
Other Receivables	847	6,815	4,482	21,670	52,833	48,114
Property, Plant & Equipment	32,908	40,205	39,801	41,239	41,344	41,142
Goodwill	-	-	198	198	198	-
Other Intangible Assets	7,407	3,400	3,544	3,523	3,471	3,105
Restricted Cash	13,715	14,745	13,433	12,923	12,994	12,994
Other Current Assets	-	12,202	14,522	6,344	6,487	7,056
Long-Term Deferred Tax Assets	15,825	12,430	13,488	16,788	10,143	8,337
Other Long-Term Assets	22,684	4,801	3,945	-	6,209	6,584
Total Assets	1,943,027	1,766,321	1,556,682	1,416,287	1,376,857	1,256,064
Accounts Payable	-	1,494	2,023	2,055	2,520	3,224
Accrued Expenses	38,184	42,227	38,929	35,919	39,671	36,529
Insurance & Annuity Liabilities	1,222,655	880,327	756,540	890,684	426,202	352,877
Unpaid Claims	-	243,144	224,764	-	190,834	175,714
Unearned Premiums	4,742	7,319	5,625	4,685	199,683	186,447
Reinsurance Payable	156	3,431	2,984	3,614	26,928	26,632
Current Portion of Leases	-	663	791	787	983	1,000
Short-Term Debt	118,629	111,236	108,969	100,890	77,598	85,826
Current Income Taxes Payable	11,993	362	567	4,028	1,083	373
Long-Term Debt	41,784	50,489	38,595	43,904	44,441	57,552
Long-Term Leases	2,144	1,450	1,479	1,504	2,010	1,792
Long-Term Deferred Tax Liabilities	1,971	464	402	2,022	2,053	1,449
Other Current Liabilities	-	5,053	-	-	-	2,245
Other Long-Term Liabilities	72,933	48,446	39,391	18,526	63,086	48,015
Total Liabilities	1,515,191	1,398,900	1,223,779	1,111,394	1,079,964	982,508
Common Stock	44,224	44,224	44,224	44,224	44,224	44,224
Additional Paid-In Capital	6,917	23,973	23,973	23,973	23,973	23,973
Retained Earnings	270,697	178,033	171,983	167,788	147,395	131,978
Comprehensive Income & Other	-7,767	22,636	3,026	-11,832	3,664	2,305
Total Common Equity	314,071	268,866	243,206	224,153	219,256	202,480
Minority Interest	113,765	98,555	89,697	80,740	77,637	71,076
Shareholders' Equity	427,836	367,421	332,903	304,893	296,893	273,556
Total Liabilities & Equity	1,943,027	1,766,321	1,556,682	1,416,287	1,376,857	1,256,064
Filing Date Shares Outstanding	44,224	44,224	44,224	44,224	44,224	44,224
Total Common Shares Outstanding	44,224	44,224	44,224	44,224	44,224	44,224
Total Debt	162,557	163,838	149,834	147,085	125,032	146,170
Net Cash (Debt)	-139,198	-138,936	-129,441	-125,720	-103,246	-123,042
Net Cash Per Share	-3.13	-3.14	-2.93	-2.84	-2.33	-2.78
Book Value Per Share	7.10	6.08	5.50	5.07	4.96	4.58
Tangible Book Value	306,664	265,466	239,464	220,432	215,587	199,375
Tangible Book Value Per Share	6.93	6.00	5.41	4.98	4.87	4.51
Land	-	38,759	38,020	37,395	37,867	31,740
Machinery	-	15,368	13,791	13,039	12,918	13,026
Construction In Progress	-	5,345	5,532	6,539	3,808	9,091

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