China World Trade Center 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	FY 2020	2015 - 2019
Period Ending	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	-	1,259	1,116	1,024	825.43	Upgrade
Depreciation & Amortization	-	468.02	489.22	512.83	497.53	Upgrade
Other Amortization	-	7.2	6.19	6.02	17.02	Upgrade
Gain (Loss) on Sale of Assets	-	3.6	1.4	2.47	2.53	Upgrade
Gain (Loss) on Sale of Investments	-	-3.76	-3.04	-6.22	-7.93	Upgrade
Change in Accounts Receivable	-	91.74	-38.94	75.19	-19.04	Upgrade
Change in Other Net Operating Assets	-	18.44	163.59	46.11	-17.56	Upgrade
Other Operating Activities	-	72.45	96.54	116.57	106.6	Upgrade
Operating Cash Flow	-	1,919	1,824	1,780	1,407	Upgrade
Operating Cash Flow Growth	-	5.17%	2.48%	26.57%	-8.50%	Upgrade
Acquisition of Real Estate Assets	-	-66.01	-70.34	-145.03	-274.61	Upgrade
Sale of Real Estate Assets	-	0.28	0.13	0.1	0.01	Upgrade
Net Sale / Acq. of Real Estate Assets	-	-65.74	-70.21	-144.93	-274.6	Upgrade
Investment in Marketable & Equity Securities	-	0.9	-	2.4	3.7	Upgrade
Investing Cash Flow	-	-64.84	-70.21	-142.53	-270.9	Upgrade
Long-Term Debt Issued	-	-	-	-	2,155	Upgrade
Long-Term Debt Repaid	-	-514.68	-564.68	-14.68	-2,160	Upgrade
Net Debt Issued (Repaid)	-	-514.68	-564.68	-14.68	-5	Upgrade
Common Dividends Paid	-	-775.15	-700.1	-516.02	-499.99	Upgrade
Other Financing Activities	-	-	-0.5	-0.49	-0.63	Upgrade
Foreign Exchange Rate Adjustments	-	-0.37	0.05	0.13	-0.15	Upgrade
Net Cash Flow	-	563.62	488.89	1,107	629.86	Upgrade
Cash Income Tax Paid	-	966.45	815.86	834.47	713.53	Upgrade
Levered Free Cash Flow	-	1,150	1,388	1,260	717.14	Upgrade
Unlevered Free Cash Flow	-	1,595	1,448	1,332	783.23	Upgrade
Change in Net Working Capital	-	-118.84	-153.36	-63.26	174.29	Upgrade

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.