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	2015 - 2019
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	2015 - 2019
Net Income	472.13	245.85	211.6	106.58	513.21	104.3	Upgrade
Depreciation & Amortization, Total	95.41	95.41	169.11	155.15	143.9	140.23	Upgrade
Gain (Loss) On Sale of Investments	97.77	97.77	82.79	486.32	-318.15	28.95	Upgrade
Change in Accounts Receivable	4,398	4,398	-415.29	1,211	-1,602	892.74	Upgrade
Change in Accounts Payable	-1,063	-1,063	-858.65	-298.91	-195.14	-283.79	Upgrade
Other Operating Activities	343.63	292.47	325.28	412.25	475.8	469.42	Upgrade
Operating Cash Flow	4,446	4,168	-467.3	2,002	-956.41	1,371	Upgrade
Capital Expenditures	-134.5	-121.53	-149.39	-226.95	-220.64	-117.36	Upgrade
Investment in Securities	596.38	665.27	1,949	-1,278	1,326	-1,279	Upgrade
Other Investing Activities	8.06	38.74	90.97	53.26	127.65	60.58	Upgrade
Investing Cash Flow	471.54	586.68	1,891	-1,452	1,397	-1,335	Upgrade
Short-Term Debt Issued	-	7	7.87	94.7	10	-	Upgrade
Long-Term Debt Issued	-	7,074	8,721	12,215	11,941	6,807	Upgrade
Total Debt Issued	3,539	7,081	8,729	12,310	11,951	6,807	Upgrade
Short-Term Debt Repaid	-	-5,866	-9,500	-13,705	-9,983	-	Upgrade
Long-Term Debt Repaid	-	-80.2	-81.6	-78.47	-78.79	-8,445	Upgrade
Total Debt Repaid	-4,882	-5,947	-9,582	-13,783	-10,062	-8,445	Upgrade
Net Debt Issued (Repaid)	-1,343	1,135	-852.43	-1,473	1,889	-1,638	Upgrade
Issuance of Common Stock	-	-	-	-	-	3,645	Upgrade
Common Dividends Paid	-409.05	-395.17	-355.08	-518.54	-656.08	-470.14	Upgrade
Other Financing Activities	20.7	-1.2	-120.48	-133.07	-116.95	-62.17	Upgrade
Financing Cash Flow	-1,731	738.15	-1,328	-2,125	1,116	1,475	Upgrade
Foreign Exchange Rate Adjustments	-0.2	-1.46	0.39	1.72	1.58	-3.35	Upgrade
Net Cash Flow	3,186	5,492	96.21	-1,573	1,558	1,507	Upgrade
Free Cash Flow	4,311	4,047	-616.69	1,776	-1,177	1,253	Upgrade
Free Cash Flow Growth	-26.38%	-	-	-	-	-62.95%	Upgrade
Free Cash Flow Margin	236.19%	242.75%	-31.68%	95.57%	-26.72%	41.41%	Upgrade
Free Cash Flow Per Share	0.93	0.87	-0.13	0.38	-0.25	0.30	Upgrade
Cash Interest Paid	618.88	646.05	639.77	623.53	768.51	688.28	Upgrade
Cash Income Tax Paid	105.12	161.09	182	201.04	471.59	244.37	Upgrade

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