Soho Holly Futures Cash Flow Statement

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

Millions CNY. 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	3.99	29.83	7.79	12.38	80.21
Depreciation & Amortization, Total	28.85	34.11	33.76	18.44	20.81
Gain (Loss) On Sale of Investments	-8.01	-9.2	4.82	37.21	-55.25
Change in Accounts Receivable	-231.99	174.22	-414.52	-408.55	-504.71
Change in Accounts Payable	1,092	2,468	-1,175	2,253	1,607
Other Operating Activities	6.72	21.38	14.57	9.37	21.16
Operating Cash Flow	772.31	2,348	-1,617	1,925	1,236
Capital Expenditures	-7.93	-16.37	-28.49	-69.37	-243.34
Investment in Securities	-28.48	44.99	132.91	201.27	189.37
Other Investing Activities	-4,311	9.11	17.35	17.03	29.12
Investing Cash Flow	-4,346	37.79	121.9	148.93	-24.72
Long-Term Debt Issued	234.15	66.06	79.51	50	239.85
Total Debt Issued	234.15	66.06	79.51	50	239.85
Short-Term Debt Repaid	-262.15	-	-	-	-
Long-Term Debt Repaid	-11.65	-163.82	-73.81	-91.38	-140.29
Total Debt Repaid	-273.81	-163.82	-73.81	-91.38	-140.29
Net Debt Issued (Repaid)	-39.65	-97.76	5.7	-41.38	99.56
Issuance of Common Stock	-	-	-	174.18	-
Common Dividends Paid	-10.08	-6.45	-33.83	-5.98	-51.85
Other Financing Activities	-4.31	-52.92	18.35	-7.01	-2.89
Financing Cash Flow	-54.04	-157.14	-9.79	119.82	44.82
Foreign Exchange Rate Adjustments	4.05	-4.71	1.04	16.42	-4.38
Net Cash Flow	-3,624	2,224	-1,504	2,210	1,251
Free Cash Flow	764.38	2,332	-1,646	1,856	992.27
Free Cash Flow Growth	-67.22%	-	-	87.02%	25.35%
Free Cash Flow Margin	265.76%	81.10%	-84.71%	121.93%	60.57%
Free Cash Flow Per Share	0.77	2.31	-1.63	1.98	1.09
Cash Interest Paid	-	3.33	0.53	0.41	0.54
Cash Income Tax Paid	-	35.37	34.89	62.82	66.24

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