Central China 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	472.13	245.85	211.6	106.58	513.21	104.3
Depreciation & Amortization, Total	95.41	95.41	169.11	155.15	143.9	140.23
Gain (Loss) On Sale of Investments	97.77	97.77	82.79	486.32	-318.15	28.95
Change in Accounts Receivable	4,398	4,398	-415.29	1,211	-1,602	892.74
Change in Accounts Payable	-1,063	-1,063	-858.65	-298.91	-195.14	-283.79
Other Operating Activities	343.63	292.47	325.28	412.25	475.8	469.42
Operating Cash Flow	4,446	4,168	-467.3	2,002	-956.41	1,371
Capital Expenditures	-134.5	-121.53	-149.39	-226.95	-220.64	-117.36
Investment in Securities	596.38	665.27	1,949	-1,278	1,326	-1,279
Other Investing Activities	8.06	38.74	90.97	53.26	127.65	60.58
Investing Cash Flow	471.54	586.68	1,891	-1,452	1,397	-1,335
Short-Term Debt Issued	-	7	7.87	94.7	10	-
Long-Term Debt Issued	-	7,074	8,721	12,215	11,941	6,807
Total Debt Issued	3,539	7,081	8,729	12,310	11,951	6,807
Short-Term Debt Repaid	-	-5,866	-9,500	-13,705	-9,983	-
Long-Term Debt Repaid	-	-80.2	-81.6	-78.47	-78.79	-8,445
Total Debt Repaid	-4,882	-5,947	-9,582	-13,783	-10,062	-8,445
Net Debt Issued (Repaid)	-1,343	1,135	-852.43	-1,473	1,889	-1,638
Issuance of Common Stock	-	-	-	-	-	3,645
Common Dividends Paid	-409.05	-395.17	-355.08	-518.54	-656.08	-470.14
Other Financing Activities	20.7	-1.2	-120.48	-133.07	-116.95	-62.17
Financing Cash Flow	-1,731	738.15	-1,328	-2,125	1,116	1,475
Foreign Exchange Rate Adjustments	-0.2	-1.46	0.39	1.72	1.58	-3.35
Net Cash Flow	3,186	5,492	96.21	-1,573	1,558	1,507
Free Cash Flow	4,311	4,047	-616.69	1,776	-1,177	1,253
Free Cash Flow Growth	-26.38%	-	-	-	-	-62.95%
Free Cash Flow Margin	236.19%	242.75%	-31.68%	95.57%	-26.72%	41.41%
Free Cash Flow Per Share	0.93	0.87	-0.13	0.38	-0.25	0.30
Cash Interest Paid	618.88	646.05	639.77	623.53	768.51	688.28
Cash Income Tax Paid	105.12	161.09	182	201.04	471.59	244.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.