SHA:601601 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	-	1,583,695	1,220,504	1,173,300	1,062,514
Investments in Equity & Preferred Securities	14,616	253,655	230,414	474,795	409,101
Policy Loans	-	-	-	-	66,950
Other Investments	2,212,662	184,723	168,309	247,212	220,049
Total Investments	2,970,293	2,698,223	2,211,496	1,911,498	1,768,383
Cash & Equivalents	62,789	29,357	31,455	32,685	32,195
Reinsurance Recoverable	47,746	46,144	39,814	33,270	42,056
Other Receivables	-	6,136	6,383	31,171	55,796
Property, Plant & Equipment	28,721	25,665	24,749	22,786	22,693
Goodwill	1,357	1,357	1,357	1,372	1,372
Other Intangible Assets	7,257	7,347	7,117	6,666	5,509
Restricted Cash	6,900	-	-	7,739	7,778
Other Current Assets	5	9,071	9,203	1,138	5,467
Long-Term Deferred Tax Assets	3,643	3,464	7,076	19,661	1,998
Long-Term Deferred Charges	-	1,017	1,052	982	924
Other Long-Term Assets	16,056	7,126	4,260	2,368	1,993
Total Assets	3,144,767	2,834,907	2,343,962	2,071,336	1,946,164
Accounts Payable	-	846	1,210	1,491	1,311
Accrued Expenses	5,835	18,157	16,924	16,349	13,525
Insurance & Annuity Liabilities	2,466,607	2,231,399	1,874,508	1,666,154	1,384,829
Unpaid Claims	-	1,587	1,885	1,635	81,903
Unearned Premiums	20,438	18,173	17,277	18,207	96,854
Reinsurance Payable	-	-	-	809	7,638
Current Portion of Long-Term Debt	-	-	-	5,000	-
Current Portion of Leases	-	846	1,021	577	1,194
Short-Term Debt	218,930	181,695	115,819	119,665	73,441
Current Income Taxes Payable	3,722	663	1,792	3,301	2,353
Long-Term Debt	22,832	10,286	10,285	4,999	9,995
Long-Term Leases	1,571	1,876	2,074	2,141	1,911
Long-Term Deferred Tax Liabilities	4,517	7,362	1,119	568	3,601
Other Current Liabilities	2,372	251	184	161	677
Other Long-Term Liabilities	52,603	41,857	31,016	27,936	33,862
Total Liabilities	2,810,543	2,516,426	2,076,258	1,869,664	1,713,759
Common Stock	9,620	9,620	9,620	9,620	9,620
Additional Paid-In Capital	-	-	-	-	79,662
Retained Earnings	229,981	186,932	152,024	118,773	117,804
Comprehensive Income & Other	62,542	94,865	87,942	68,084	19,655
Total Common Equity	302,143	291,417	249,586	196,477	226,741
Minority Interest	32,081	27,064	18,118	5,195	5,664
Shareholders' Equity	334,224	318,481	267,704	201,672	232,405
Total Liabilities & Equity	3,144,767	2,834,907	2,343,962	2,071,336	1,946,164
Filing Date Shares Outstanding	9,630	9,620	9,620	9,620	9,620
Total Common Shares Outstanding	9,630	9,620	9,620	9,620	9,620
Total Debt	243,333	194,703	129,199	132,382	86,541
Net Cash (Debt)	-180,544	-165,346	-97,744	-99,697	-54,346
Net Cash Per Share	-18.69	-17.19	-10.16	-10.36	-5.65
Book Value Per Share	31.38	30.29	25.94	20.42	23.57
Tangible Book Value	293,529	282,713	241,112	188,439	219,860
Tangible Book Value Per Share	30.48	29.39	25.06	19.59	22.85
Buildings	-	26,480	24,006	21,745	21,023
Machinery	-	7,544	7,266	7,100	6,925
Construction In Progress	-	2,489	2,459	2,291	1,714

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