Shenwan Hongyuan Group 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	9,377	5,211	4,606	2,789	9,398	7,766
Depreciation & Amortization, Total	662.66	662.66	642.97	577.33	520.22	488.31
Gain (Loss) On Sale of Investments	-4,685	-4,685	-5,807	375.52	-152.12	-1,285
Change in Accounts Receivable	-10,671	-10,671	-3,108	19,644	-8,204	-21,992
Change in Accounts Payable	25,626	25,626	-3,440	24,378	54,684	39,555
Change in Other Net Operating Assets	6.62	6.62	30,319	-	-	-
Other Operating Activities	-58,892	6,401	6,103	3,074	3,938	2,043
Operating Cash Flow	-60,882	245.37	72,727	37,181	-40,818	-17,747
Capital Expenditures	-401.18	-541.59	-585.56	-466.3	-461.83	-287.55
Investment in Securities	7,328	11,332	-84,715	-20,182	27,886	-15,173
Other Investing Activities	3,904	4,802	9,862	2,688	4,585	3,598
Investing Cash Flow	10,859	15,655	-75,417	-17,939	32,041	-11,847
Short-Term Debt Issued	-	112,286	62,721	97,933	-	-
Long-Term Debt Issued	-	17,237	41,044	-	177,867	156,507
Total Debt Issued	163,404	129,523	103,764	97,933	177,867	156,507
Short-Term Debt Repaid	-	-91,615	-57,543	-116,186	-	-
Long-Term Debt Repaid	-	-41,552	-48,460	-416.23	-147,971	-104,350
Total Debt Repaid	-148,518	-133,166	-106,003	-116,602	-147,971	-104,350
Net Debt Issued (Repaid)	14,886	-3,643	-2,239	-18,669	29,896	52,157
Issuance of Common Stock	-	-	-	9,789	9,988	-
Common Dividends Paid	-589.75	-957.24	-1,476	-8,711	-8,337	-6,806
Other Financing Activities	-6,638	-6,686	-5,106	-393.01	115.29	-50.43
Financing Cash Flow	7,658	-11,286	-8,820	-17,985	31,663	45,301
Foreign Exchange Rate Adjustments	-2.24	-20.42	31.49	-61.17	-23.01	-99.02
Net Cash Flow	-42,367	4,594	-11,478	1,196	22,862	15,609
Free Cash Flow	-61,283	-296.22	72,142	36,715	-41,280	-18,034
Free Cash Flow Growth	-	-	96.49%	-	-	-
Free Cash Flow Margin	-187.79%	-1.15%	330.41%	180.30%	-121.63%	-61.94%
Free Cash Flow Per Share	-2.49	-0.01	2.88	1.47	-1.65	-0.72
Cash Interest Paid	11,369	10,758	9,628	5,834	5,437	4,591
Cash Income Tax Paid	1,045	461.81	476.36	3,163	3,864	2,566

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