COSCO SHIPPING Holdings 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	49,100	23,860	109,703	89,349
Depreciation & Amortization	18,299	19,330	20,260	12,981
Other Amortization	370.73	156.76	142.81	85.72
Loss (Gain) From Sale of Assets	-146.1	-106.56	-414.15	-293.88
Asset Writedown & Restructuring Costs	23.36	13.16	56.69	63.53
Loss (Gain) From Sale of Investments	-4,818	-4,761	-2,461	-2,750
Provision & Write-off of Bad Debts	67.97	-224.68	44.24	181.17
Other Operating Activities	8,054	6,870	16,689	20,106
Change in Accounts Receivable	-1,609	4,117	1,255	-3,832
Change in Inventory	226.1	453.05	-1,610	-2,175
Change in Accounts Payable	-1,622	-27,995	43,564	51,951
Change in Other Net Operating Assets	0.32	-72.86	-146.62	-23.68
Operating Cash Flow	69,313	22,584	196,799	171,009
Operating Cash Flow Growth	206.91%	-88.52%	15.08%	279.76%
Capital Expenditures	-25,999	-15,323	-10,491	-9,550
Sale of Property, Plant & Equipment	373.15	375.08	1,057	409.03
Cash Acquisitions	12.22	-522.84	51.83	-904.95
Divestitures	-	-	359.08	542.97
Investment in Securities	-4,586	-5,430	-25,806	-668.37
Other Investing Activities	3,228	2,558	1,822	1,626
Investing Cash Flow	-26,972	-18,342	-32,977	-8,498
Short-Term Debt Issued	-	273.26	352.79	662.31
Long-Term Debt Issued	8,544	9,705	6,788	7,322
Total Debt Issued	8,544	9,978	7,140	7,985
Short-Term Debt Repaid	-150.66	-682.9	-442.78	-340.67
Long-Term Debt Repaid	-30,474	-24,598	-56,339	-36,764
Total Debt Repaid	-30,625	-25,281	-56,782	-37,105
Net Debt Issued (Repaid)	-22,080	-15,303	-49,641	-29,120
Issuance of Common Stock	3.3	77.66	181.65	242.01
Repurchase of Common Stock	-2,018	-1,261	-	-
Common Dividends Paid	-14,005	-33,090	-47,908	-2,072
Other Financing Activities	-2,520	-10,452	-18,010	-3,839
Financing Cash Flow	-40,620	-60,029	-115,378	-34,789
Foreign Exchange Rate Adjustments	1,302	1,263	8,741	-1,958
Net Cash Flow	3,024	-54,524	57,185	125,763
Free Cash Flow	43,314	7,261	186,307	161,459
Free Cash Flow Growth	496.51%	-96.10%	15.39%	320.88%
Free Cash Flow Margin	18.52%	4.14%	47.67%	48.38%
Free Cash Flow Per Share	2.72	0.45	11.51	10.05
Cash Income Tax Paid	10,207	12,350	29,099	12,199
Levered Free Cash Flow	27,905	-11,124	149,254	125,877
Unlevered Free Cash Flow	29,817	-8,879	151,555	128,122
Change in Working Capital	-1,639	-22,555	52,778	51,286

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.