Poly Property Services 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	1,474	1,380	1,113	845.69
Depreciation & Amortization	386.71	388.07	381.79	322.19
Loss (Gain) From Sale of Assets	0.04	0.08	-0.1	0.19
Loss (Gain) From Sale of Investments	-	-0.78	1.35	0.95
Loss (Gain) on Equity Investments	-4.77	-2.73	4.8	-21.92
Stock-Based Compensation	26.34	38.99	21.32	-
Provision & Write-off of Bad Debts	24.99	18.83	31.44	22.77
Other Operating Activities	-15.85	-59.43	-73.74	-37.61
Change in Accounts Receivable	-214.56	-116.91	-863.34	-559.49
Change in Inventory	-0.27	8.97	10.15	0.08
Change in Accounts Payable	459.42	437.88	771.23	406.54
Change in Unearned Revenue	276.26	123.11	47.91	199.21
Change in Other Net Operating Assets	-109.39	199.74	28.54	270.62
Operating Cash Flow	2,303	2,416	1,474	1,449
Operating Cash Flow Growth	-4.69%	63.87%	1.73%	164.06%
Capital Expenditures	-66.52	-76.59	-74.1	-78.28
Sale of Property, Plant & Equipment	2	2.62	1.67	0.41
Cash Acquisitions	-	-	-4.05	-19.39
Divestitures	-	55.71	-	-
Investment in Securities	-1,981	13.11	-	-7.35
Other Investing Activities	-772.93	61.44	-21.36	-753.69
Investing Cash Flow	-2,818	56.29	-97.84	-858.3
Long-Term Debt Repaid	-33.36	-30.08	-33.81	-103.91
Net Debt Issued (Repaid)	-33.36	-30.08	-33.81	-103.91
Issuance of Common Stock	-	17.65	94.8	-
Repurchase of Common Stock	-3.41	-122.41	-45.91	-
Common Dividends Paid	-552.23	-278.33	-168.77	-237.93
Dividends Paid	-552.23	-278.33	-168.77	-237.93
Other Financing Activities	-15.66	-5.1	16.08	2.03
Financing Cash Flow	-604.67	-418.27	-137.62	-339.81
Foreign Exchange Rate Adjustments	-0.53	1.19	26.92	-8.66
Net Cash Flow	-1,121	2,055	1,266	242.47
Free Cash Flow	2,236	2,339	1,400	1,371
Free Cash Flow Growth	-4.41%	67.07%	2.13%	181.43%
Free Cash Flow Margin	13.68%	15.53%	10.23%	12.72%
Free Cash Flow Per Share	4.07	4.25	2.53	2.48
Cash Interest Paid	4.5	4.69	4.63	10.56
Cash Income Tax Paid	427.72	455.11	381.98	261.73
Levered Free Cash Flow	1,914	2,118	1,355	1,341
Unlevered Free Cash Flow	1,916	2,121	1,358	1,347
Change in Working Capital	411.45	652.78	-5.52	316.97

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