Financial Street Property Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	116.07	128.1	121.11	137.72
Depreciation & Amortization	34.87	36.3	36.51	27.12
Other Amortization	1.61	1.58	1.37	1.03
Loss (Gain) From Sale of Assets	-17.58	0.62	-2.61	0.06
Asset Writedown & Restructuring Costs	11.1	-	-	0.86
Loss (Gain) From Sale of Investments	-	-	61.88	-
Loss (Gain) on Equity Investments	-3.18	-4.59	-2.97	-2.54
Provision & Write-off of Bad Debts	11.63	10.06	4.69	2.92
Other Operating Activities	-18.69	-27.35	12.19	13.65
Change in Accounts Receivable	-79.38	-30.19	-36.65	-66.09
Change in Accounts Payable	119.43	21	22.41	31.9
Change in Other Net Operating Assets	-10.55	3.64	-1.23	-28.66
Operating Cash Flow	165.32	139.18	216.72	117.96
Operating Cash Flow Growth	18.78%	-35.78%	83.72%	-35.35%
Capital Expenditures	-4.51	-6.02	-20.47	-17.99
Sale of Property, Plant & Equipment	0	0.01	0.01	0.1
Cash Acquisitions	28.84	-105.6	-	-4.64
Divestitures	-	4.06	-	-
Sale (Purchase) of Intangibles	-1.77	-7.02	-0.82	-4.81
Sale (Purchase) of Real Estate	-0.77	-7.78	-	-
Investment in Securities	15.37	-77.9	-60.17	-0.85
Other Investing Activities	20.56	27.6	22.85	13.91
Investing Cash Flow	63.63	-165.36	-58.6	-14.28
Long-Term Debt Repaid	-23.56	-29.91	-28.92	-19.26
Net Debt Issued (Repaid)	-23.56	-29.91	-28.92	-19.26
Common Dividends Paid	-64.62	-60.88	-82.92	-57.52
Other Financing Activities	-0.14	-9.52	-	-10.87
Financing Cash Flow	-88.32	-100.32	-111.83	-87.64
Foreign Exchange Rate Adjustments	1.74	-1.25	0.04	-17.94
Net Cash Flow	142.38	-127.75	46.33	-1.9
Free Cash Flow	160.81	133.17	196.25	99.98
Free Cash Flow Growth	20.76%	-32.14%	96.30%	-42.16%
Free Cash Flow Margin	9.18%	8.79%	14.14%	7.57%
Free Cash Flow Per Share	0.43	0.36	0.53	0.27
Cash Income Tax Paid	66.12	75.95	46.25	42.54
Levered Free Cash Flow	193.7	91.6	116.85	67.36
Unlevered Free Cash Flow	196.13	93.71	119.1	68.83
Change in Working Capital	29.51	-5.54	-15.47	-62.85

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.