Huatai Securities Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	15,563	15,351	12,751	11,054	13,346	10,822
Depreciation & Amortization, Total	1,091	1,091	1,705	1,426	938.02	773.41
Gain (Loss) On Sale of Investments	-68.94	-68.94	-473.68	-1,085	8,846	-4,605
Stock-Based Compensation	-	-	-	-	243.69	654.13
Change in Accounts Receivable	-11,889	-11,889	-7,407	2,261	-17,099	-38,652
Change in Accounts Payable	-29,663	-29,663	10,525	30,208	11,114	46,570
Change in Other Net Operating Assets	-	-	-	-	-15,373	-8,046
Other Operating Activities	-89,737	-5,179	1,263	3,726	-6,280	11,015
Operating Cash Flow	-16,178	68,168	-31,458	67,165	-65,337	-13,869
Capital Expenditures	-1,063	-1,806	-1,676	-1,432	-2,953	-1,007
Cash Acquisitions	-174.19	70.48	-	-288.67	-803.43	-117.83
Investment in Securities	-43,947	8,134	-8,067	-17,603	480.64	-14,232
Other Investing Activities	4,159	3,286	3,428	2,585	3,008	1,893
Investing Cash Flow	-41,140	20,496	-6,264	-16,715	-262.04	-13,452
Short-Term Debt Issued	-	36,076	91,798	-	129,077	152,757
Long-Term Debt Issued	-	3,356	11,377	99,062	56,828	47,080
Total Debt Issued	206,422	39,432	103,175	99,062	185,905	199,837
Short-Term Debt Repaid	-	-	-	-	-127	-28.24
Long-Term Debt Repaid	-	-88,860	-76,645	-122,957	-144,058	-164,872
Total Debt Repaid	-107,052	-88,860	-76,645	-122,957	-144,185	-164,901
Net Debt Issued (Repaid)	99,370	-49,428	26,530	-23,895	41,720	34,936
Issuance of Common Stock	5,003	8.67	9.67	9,197	10,410	-
Repurchase of Common Stock	-15.35	-15.35	-7.64	-9.23	-48.96	-1,627
Common Dividends Paid	-10,026	-12,833	-15,061	-10,400	-3,613	-2,701
Other Financing Activities	2,624	2,598	6,491	-1,590	-4,264	-3,758
Financing Cash Flow	96,956	-59,670	17,962	-26,697	44,205	26,850
Foreign Exchange Rate Adjustments	511.23	558.65	1,059	2,769	-351.29	-1,082
Net Cash Flow	40,149	29,552	-18,702	26,522	-21,745	-1,552
Free Cash Flow	-17,241	66,362	-33,135	65,733	-68,290	-14,876
Free Cash Flow Margin	-39.87%	164.77%	-94.82%	219.62%	-166.96%	-45.63%
Free Cash Flow Per Share	-1.91	7.36	-3.68	7.32	-7.60	-1.65
Cash Interest Paid	-	-	-	11,078	9,788	7,670
Cash Income Tax Paid	1,470	1,997	1,947	3,532	2,894	1,962

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