PNGAY 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	4,539,866	3,231,435	3,186,937	2,637,008	2,451,664	374,277
Investments in Equity & Preferred Securities	757,406	750,801	542,007	523,754	545,564	552,276
Policy Loans	-	-	-	-	-	178,298
Other Investments	560,797	2,017,946	1,809,130	1,791,165	1,564,868	3,100,715
Total Investments	8,831,925	9,213,321	8,389,205	7,194,235	6,614,085	6,387,768
Cash & Equivalents	598,247	446,717	381,829	317,130	354,238	348,088
Reinsurance Recoverable	26,316	25,515	26,084	22,215	20,615	43,128
Other Receivables	3,784,741	3,668,042	3,582,524	3,448,214	3,375,416	2,757,196
Separate Account Assets	-	-	-	-	-	36,002
Property, Plant & Equipment	52,842	55,256	57,130	60,195	66,237	63,943
Goodwill	-	38,130	43,539	44,116	44,060	23,175
Other Intangible Assets	22,167	45,348	53,724	54,962	55,351	45,287
Restricted Cash	15,460	196,806	219,304	242,227	254,824	234,225
Other Current Assets	228,470	66,663	58,506	42,799	86,993	92,980
Long-Term Deferred Tax Assets	123,118	114,640	122,012	101,337	89,321	65,360
Other Long-Term Assets	486,661	28,033	23,970	55,987	48,800	44,874
Total Assets	14,169,947	13,898,471	12,957,827	11,583,417	11,009,940	10,142,026
Accounts Payable	5,986	5,791	6,871	8,858	10,349	6,663
Accrued Expenses	285,886	305,447	247,542	185,364	194,975	137,954
Insurance & Annuity Liabilities	5,488,163	5,360,910	4,984,795	4,159,801	3,671,177	3,158,204
Unpaid Claims	-	-	-	-	-	118,926
Unearned Premiums	7,923	-	-	-	-	170,420
Reinsurance Payable	258	537	569	53	105	-
Current Portion of Long-Term Debt	-	13,999	26,549	12,718	10,062	25,885
Current Portion of Leases	-	3,964	4,130	4,295	5,450	6,199
Short-Term Debt	765,357	728,067	557,954	335,125	397,015	249,938
Current Income Taxes Payable	26,501	11,095	14,970	7,117	16,076	16,247
Long-Term Debt	1,242,275	1,227,292	1,175,192	1,307,951	1,271,220	1,398,360
Long-Term Leases	8,150	4,443	4,671	5,939	7,563	8,009
Long-Term Deferred Tax Liabilities	6,386	6,647	13,977	14,148	14,217	13,605
Separate Account Liability	-	-	-	-	-	104,686
Other Current Liabilities	42,390	1,213,253	1,198,931	1,190,187	1,169,197	1,092,755
Other Long-Term Liabilities	4,856,382	3,593,735	3,409,694	3,115,787	3,048,247	2,549,612
Total Liabilities	12,735,657	12,482,483	11,653,115	10,354,453	9,823,944	9,064,303
Common Stock	18,108	18,108	18,210	18,210	18,280	18,280
Additional Paid-In Capital	-	124,707	129,606	123,739	118,095	111,598
Retained Earnings	964,795	940,082	850,275	764,567	723,215	683,106
Treasury Stock	-	-	-5,001	-5,001	-10,996	-9,895
Comprehensive Income & Other	35,407	-82,478	-64,490	-2,504	20,597	9,316
Total Common Equity	1,018,310	1,000,419	928,600	899,011	869,191	812,405
Minority Interest	415,980	415,569	376,112	329,953	316,805	265,318
Shareholders' Equity	1,434,290	1,415,988	1,304,712	1,228,964	1,185,996	1,077,723
Total Liabilities & Equity	14,169,947	13,898,471	12,957,827	11,583,417	11,009,940	10,142,026
Filing Date Shares Outstanding	18,108	18,108	18,108	18,108	18,108	18,132
Total Common Shares Outstanding	18,108	18,108	18,108	18,108	18,108	18,132
Total Debt	2,015,782	1,977,765	1,768,496	1,666,028	1,691,310	1,688,391
Net Cash (Debt)	-1,417,535	-1,531,048	-1,386,667	-1,348,898	-1,337,072	-1,340,303
Net Cash Per Share	-76.95	-84.56	-76.58	-74.63	-75.50	-75.42
Book Value Per Share	56.24	55.25	51.28	49.65	48.00	44.80
Tangible Book Value	996,143	916,941	831,337	799,933	769,780	743,943
Tangible Book Value Per Share	55.01	50.64	45.91	44.18	42.51	41.03
Buildings	-	55,855	53,711	50,280	48,870	43,429
Machinery	-	25,212	26,075	28,044	28,665	26,756
Construction In Progress	-	632	3,109	4,047	2,718	3,169
Leasehold Improvements	-	15,321	14,743	13,503	12,970	12,485

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