HKG:6963 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	322,611	311,971	260,618	205,363	199,739
Investments in Equity & Preferred Securities	72,711	58,479	42,307	102,859	103,841
Policy Loans	-	-	-	-	10,464
Other Investments	34,979	17,605	22,610	39,722	41,004
Total Investments	617,965	535,344	460,210	380,838	367,209
Cash & Equivalents	15,842	6,729	13,660	28,980	6,679
Reinsurance Recoverable	6,029	5,778	5,150	4,276	5,913
Other Receivables	2,423	2,825	3,118	7,121	22,274
Separate Account Assets	-	-	-	-	322
Property, Plant & Equipment	20,780	21,352	22,290	21,989	21,604
Other Intangible Assets	102	138	181	107	52
Restricted Cash	1,472	2,316	906	1,498	2,230
Other Current Assets	441	187	247	395	466
Long-Term Deferred Tax Assets	1,325	776	1,260	2,548	864
Other Long-Term Assets	6,960	6,345	6,664	5,817	14,010
Total Assets	673,339	581,790	513,686	453,569	441,623
Accrued Expenses	3,150	2,805	2,483	2,672	5,119
Insurance & Annuity Liabilities	537,054	457,316	385,377	347,093	207,650
Unpaid Claims	-	-	-	-	13,809
Unearned Premiums	2,932	663	569	2,375	28,783
Reinsurance Payable	12	23	24	37	2,084
Short-Term Debt	27,661	22,939	29,662	17,480	17,056
Current Income Taxes Payable	1,141	982	637	1,036	181
Long-Term Debt	22,272	22,257	21,844	12,125	12,923
Long-Term Leases	561	594	650	782	922
Long-Term Deferred Tax Liabilities	3	1,492	101	61	192
Other Current Liabilities	1,156	904	693	578	661
Other Long-Term Liabilities	10,224	5,810	7,012	8,405	92,418
Total Liabilities	608,602	518,377	451,897	394,216	382,407
Common Stock	11,502	11,502	11,502	11,502	10,351
Retained Earnings	40,171	36,013	31,837	24,418	23,496
Comprehensive Income & Other	6,528	14,567	17,107	22,155	24,161
Total Common Equity	58,201	62,082	60,446	58,075	58,008
Minority Interest	6,536	1,331	1,343	1,278	1,208
Shareholders' Equity	64,737	63,413	61,789	59,353	59,216
Total Liabilities & Equity	673,339	581,790	513,686	453,569	441,623
Filing Date Shares Outstanding	11,502	11,502	11,502	11,502	10,351
Total Common Shares Outstanding	11,502	11,502	11,502	11,502	10,351
Total Debt	50,494	45,790	52,156	30,387	30,901
Net Cash (Debt)	-34,652	-39,061	-38,496	-1,407	-24,222
Net Cash Per Share	-3.01	-3.40	-3.35	-0.14	-2.34
Book Value Per Share	5.06	5.40	5.26	5.05	5.60
Tangible Book Value	58,099	61,944	60,265	57,968	57,956
Tangible Book Value Per Share	5.05	5.39	5.24	5.04	5.60
Land	18,348	17,857	17,493	16,406	14,894
Machinery	1,950	1,940	1,962	2,120	2,111
Construction In Progress	3,012	3,407	4,078	3,751	4,077

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