HKG:2328 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	321,258	277,438	221,265	207,245	183,983
Investments in Equity & Preferred Securities	188,766	169,522	147,670	122,167	120,855
Other Investments	78,677	87,969	62,031	209,585	190,795
Total Investments	745,265	662,229	582,589	554,580	515,768
Cash & Equivalents	9,078	8,557	12,280	10,853	13,309
Reinsurance Recoverable	47,084	44,644	42,768	39,645	56,772
Other Receivables	3,143	5,688	4,435	8,379	44,953
Property, Plant & Equipment	29,619	29,825	29,527	30,332	29,669
Other Intangible Assets	2,945	2,706	2,811	2,765	2,676
Restricted Cash	4,563	4,633	4,726	4,449	4,449
Other Current Assets	6,919	9,364	11,429	6,445	6,099
Long-Term Deferred Tax Assets	9,499	8,392	10,139	12,083	7,116
Other Long-Term Assets	2,383	2,206	2,919	2,931	1,811
Total Assets	860,498	778,244	703,623	672,462	682,622
Accounts Payable	1,342	1,303	-	-	-
Accrued Expenses	33,272	31,669	28,481	25,034	28,911
Insurance & Annuity Liabilities	438,944	406,825	376,386	356,014	172,348
Unpaid Claims	-	-	-	-	3,457
Unearned Premiums	9,075	6,696	4,963	4,755	193,059
Reinsurance Payable	31	59	21	-	22,496
Current Portion of Leases	571	575	585	525	614
Short-Term Debt	65,779	39,642	40,037	41,690	37,985
Current Income Taxes Payable	4	-	8	3,446	856
Long-Term Debt	12,076	20,433	8,365	8,097	8,058
Long-Term Leases	555	726	731	959	1,172
Other Long-Term Liabilities	10,146	9,694	9,742	10,337	8,017
Total Liabilities	571,795	517,622	469,319	450,857	476,973
Common Stock	22,242	22,242	22,242	22,242	22,242
Additional Paid-In Capital	11,329	11,362	11,346	11,347	11,412
Retained Earnings	232,330	202,170	184,659	170,442	142,548
Comprehensive Income & Other	20,073	22,150	13,173	14,682	26,685
Total Common Equity	285,974	257,924	231,420	218,713	202,887
Minority Interest	2,729	2,698	2,884	2,892	2,762
Shareholders' Equity	288,703	260,622	234,304	221,605	205,649
Total Liabilities & Equity	860,498	778,244	703,623	672,462	682,622
Filing Date Shares Outstanding	22,243	22,243	22,243	22,243	22,243
Total Common Shares Outstanding	22,243	22,243	22,243	22,243	22,243
Total Debt	78,981	61,376	49,718	51,271	47,829
Net Cash (Debt)	-69,903	-52,819	-37,438	-40,418	-34,520
Net Cash Per Share	-3.14	-2.37	-1.68	-1.82	-1.55
Book Value Per Share	12.86	11.60	10.40	9.83	9.12
Tangible Book Value	283,029	255,218	228,609	215,948	200,211
Tangible Book Value Per Share	12.72	11.47	10.28	9.71	9.00
Land	27,244	27,059	26,415	25,257	25,813
Machinery	13,493	12,300	11,189	10,802	10,859
Construction In Progress	5,245	5,145	5,378	6,390	3,676

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.