HKG:1339 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	940,238	929,983	839,812	657,322	516,814	454,936
Investments in Equity & Preferred Securities	344,485	346,159	283,594	253,206	322,390	135,663
Policy Loans	-	-	-	-	-	5,889
Other Investments	147,545	163,025	145,786	89,929	359,500	494,853
Total Investments	1,866,925	1,863,673	1,602,094	1,399,268	1,252,090	1,162,140
Cash & Equivalents	25,277	24,287	24,902	20,393	21,365	21,786
Reinsurance Recoverable	37,332	46,732	44,727	43,608	40,147	59,252
Other Receivables	548	5,568	6,815	4,482	21,670	52,833
Property, Plant & Equipment	33,901	39,425	40,205	39,801	41,239	41,344
Goodwill	-	-	-	198	198	198
Other Intangible Assets	8,205	3,749	3,400	3,544	3,523	3,471
Restricted Cash	13,653	13,662	14,745	13,433	12,923	12,994
Other Current Assets	-	12,064	12,749	14,522	6,344	6,487
Long-Term Deferred Tax Assets	15,303	13,987	12,430	13,488	16,788	10,143
Other Long-Term Assets	22,371	4,445	4,254	3,945	-	6,209
Total Assets	2,023,515	2,027,592	1,766,321	1,556,682	1,416,287	1,376,857
Accounts Payable	6,223	1,422	1,494	2,023	2,055	2,520
Accrued Expenses	39,789	44,754	42,227	38,929	35,919	39,671
Insurance & Annuity Liabilities	1,247,031	977,653	880,327	756,540	890,684	426,202
Unpaid Claims	-	262,520	243,144	224,764	-	190,834
Unearned Premiums	5,546	9,763	7,319	5,625	4,685	199,683
Reinsurance Payable	246	4,296	3,431	2,984	3,614	26,928
Current Portion of Leases	-	705	663	791	787	983
Short-Term Debt	152,904	180,763	111,236	108,969	100,890	77,598
Current Income Taxes Payable	6,153	377	362	567	4,028	1,083
Long-Term Debt	42,039	42,103	50,489	38,595	43,904	44,441
Long-Term Leases	2,102	1,176	1,450	1,479	1,504	2,010
Long-Term Deferred Tax Liabilities	1,227	1,401	464	402	2,022	2,053
Other Current Liabilities	-	4,285	2,788	-	-	-
Other Long-Term Liabilities	86,036	73,349	50,711	39,391	18,526	63,086
Total Liabilities	1,589,296	1,607,126	1,398,900	1,223,779	1,111,394	1,079,964
Common Stock	44,224	44,224	44,224	44,224	44,224	44,224
Additional Paid-In Capital	6,796	23,973	23,973	23,973	23,973	23,973
Retained Earnings	278,429	230,705	178,033	171,983	167,788	147,395
Comprehensive Income & Other	-10,093	10,281	22,636	3,026	-11,832	3,664
Total Common Equity	319,356	309,183	268,866	243,206	224,153	219,256
Minority Interest	114,863	111,283	98,555	89,697	80,740	77,637
Shareholders' Equity	434,219	420,466	367,421	332,903	304,893	296,893
Total Liabilities & Equity	2,023,515	2,027,592	1,766,321	1,556,682	1,416,287	1,376,857
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	197,045	224,747	163,838	149,834	147,085	125,032
Net Cash (Debt)	-171,768	-200,460	-138,936	-129,441	-125,720	-103,246
Net Cash Per Share	-3.84	-4.53	-3.14	-2.93	-2.84	-2.33
Book Value Per Share	7.22	6.99	6.08	5.50	5.07	4.96
Tangible Book Value	311,151	305,434	265,466	239,464	220,432	215,587
Tangible Book Value Per Share	7.04	6.91	6.00	5.41	4.98	4.87
Land	-	38,669	38,759	38,020	37,395	37,867
Machinery	-	16,935	15,368	13,791	13,039	12,918
Construction In Progress	-	5,443	5,345	5,532	6,539	3,808

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