SHA:601601 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	1,802,616	1,771,562	1,583,695	1,220,504	1,173,300	1,062,514
Investments in Equity & Preferred Securities	207,493	243,894	253,655	230,414	474,795	409,101
Policy Loans	-	-	-	-	-	66,950
Other Investments	273,214	211,822	184,723	168,309	247,212	220,049
Total Investments	3,028,459	2,970,293	2,698,223	2,211,496	1,911,498	1,768,383
Cash & Equivalents	88,523	62,789	29,357	31,455	32,685	32,195
Reinsurance Recoverable	45,815	47,795	46,144	39,814	33,270	42,056
Other Receivables	-	9,253	10,459	6,383	31,171	55,796
Property, Plant & Equipment	29,319	28,721	25,665	24,749	22,786	22,693
Goodwill	1,357	1,357	1,357	1,357	1,372	1,372
Other Intangible Assets	6,990	7,257	7,347	7,117	6,666	5,509
Restricted Cash	6,850	6,900	6,851	-	7,739	7,778
Other Current Assets	8	2,109	2,220	9,203	1,138	5,467
Long-Term Deferred Tax Assets	4,542	3,643	3,464	7,076	19,661	1,998
Long-Term Deferred Charges	-	951	1,017	1,052	982	924
Other Long-Term Assets	15,248	3,699	2,803	4,260	2,368	1,993
Total Assets	3,227,111	3,144,767	2,834,907	2,343,962	2,071,336	1,946,164
Accounts Payable	-	928	846	1,210	1,491	1,311
Accrued Expenses	6,844	11,114	10,816	16,924	16,349	13,525
Insurance & Annuity Liabilities	2,539,861	2,468,450	2,231,399	1,874,508	1,666,154	1,384,829
Unpaid Claims	-	1,884	1,587	1,885	1,635	81,903
Unearned Premiums	5,524	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	-	723	797	1,021	577	1,194
Short-Term Debt	219,944	218,930	181,695	115,819	119,665	73,441
Current Income Taxes Payable	4,952	1,875	663	1,792	3,301	2,353
Long-Term Debt	22,328	22,832	10,286	10,285	4,999	9,995
Long-Term Leases	1,500	848	1,925	2,074	2,141	1,911
Long-Term Deferred Tax Liabilities	5,957	4,517	7,362	1,119	568	3,601
Other Current Liabilities	1,647	11,066	7,596	188	161	677
Other Long-Term Liabilities	57,760	45,855	41,853	31,012	27,936	33,862
Total Liabilities	2,874,957	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	9,620
Additional Paid-In Capital	-	-	-	-	-	79,662
Retained Earnings	240,481	229,981	186,932	152,024	118,773	117,804
Comprehensive Income & Other	69,501	62,542	94,865	87,942	68,084	19,655
Total Common Equity	319,602	302,143	291,417	249,586	196,477	226,741
Minority Interest	32,552	32,081	27,064	18,118	5,195	5,664
Shareholders' Equity	352,154	334,224	318,481	267,704	201,672	232,405
Total Liabilities & Equity	3,227,111	3,144,767	2,834,907	2,343,962	2,071,336	1,946,164
Filing Date Shares Outstanding	9,620	9,620	9,620	9,620	9,620	9,620
Total Common Shares Outstanding	9,620	9,620	9,620	9,620	9,620	9,620
Total Debt	243,772	243,333	194,703	129,199	132,382	86,541
Net Cash (Debt)	-155,249	-180,544	-165,346	-97,744	-99,697	-54,346
Net Cash Per Share	-15.53	-18.55	-17.19	-10.16	-10.36	-5.65
Book Value Per Share	33.22	31.41	30.29	25.94	20.42	23.57
Tangible Book Value	311,255	293,529	282,713	241,112	188,439	219,860
Tangible Book Value Per Share	32.35	30.51	29.39	25.06	19.59	22.85
Buildings	-	33,140	26,480	24,006	21,745	21,023
Machinery	-	7,820	7,544	7,266	7,100	6,925
Construction In Progress	-	1,086	2,489	2,459	2,291	1,714