Shenwan Hongyuan (H.K.) Cash Flow Statement

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

Millions HKD. 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
Net Income	120.94	-160.73	-192.45	-879.92	-95.75
Depreciation & Amortization, Total	47.75	49.58	54.86	66.2	53.11
Gain (Loss) On Sale of Investments	2.83	-3.83	29.78	96.92	185.68
Change in Accounts Receivable	-182.85	2,102	34.85	1,608	-2,881
Change in Accounts Payable	597.67	-2,508	-577.77	-1,810	2,074
Change in Other Net Operating Assets	373.76	-741.56	3,126	-80.77	4,280
Other Operating Activities	56.05	66.78	151.19	24.86	-158.53
Operating Cash Flow	-1,778	-566.39	2,804	1,865	969.58
Capital Expenditures	-7.52	-6.25	-11.87	-2.67	-7.75
Investment in Securities	13.5	-	-	-32.27	-
Other Investing Activities	-	-	-	77.01	143.86
Investing Cash Flow	5.98	-5.94	-11.87	42.08	136.12
Short-Term Debt Issued	12,327	7,212	6,914	1,559	-
Total Debt Issued	12,327	7,212	6,914	1,559	-
Short-Term Debt Repaid	-9,999	-7,429	-9,472	-2,643	-779.76
Long-Term Debt Repaid	-43.8	-44.22	-44.07	-60.21	-28.6
Total Debt Repaid	-10,042	-7,474	-9,516	-2,703	-808.36
Net Debt Issued (Repaid)	2,285	-261.57	-2,602	-1,144	-808.36
Common Dividends Paid	-	-	-	-	-62.45
Other Financing Activities	-50.05	-13.56	-141.11	-101.63	-73.11
Financing Cash Flow	2,235	-275.13	-2,743	-1,246	-943.92
Net Cash Flow	463.46	-847.46	48.75	661.79	161.78
Free Cash Flow	-1,785	-572.64	2,792	1,863	961.84
Free Cash Flow Growth	-	-	49.91%	93.64%	-
Free Cash Flow Margin	-297.25%	-214.09%	636.09%	552.83%	148.85%
Free Cash Flow Per Share	-1.14	-0.37	1.79	1.19	0.62
Cash Interest Paid	57.47	34.52	141.11	101.63	73.11
Cash Income Tax Paid	3.06	-10.96	34.83	-2.48	55.26