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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,196	1,202	1,262	1,259	1,116	1,024
Depreciation & Amortization	430.43	430.43	455.99	468.02	489.22	512.83
Other Amortization	5.91	5.91	6.66	7.2	6.19	6.02
Gain (Loss) on Sale of Assets	2.03	2.03	4.31	3.6	1.4	2.47
Gain (Loss) on Sale of Investments	-3.64	-3.64	-3.27	-3.76	-3.04	-6.22
Change in Accounts Receivable	-23.84	-23.84	18.98	91.74	-38.94	75.19
Change in Other Net Operating Assets	-75.84	-75.84	-5.21	18.44	163.59	46.11
Other Operating Activities	-22.25	23.86	54.26	72.45	96.54	116.57
Operating Cash Flow	1,523	1,575	1,796	1,919	1,824	1,780
Operating Cash Flow Growth	-12.72%	-12.31%	-6.38%	5.17%	2.48%	26.57%
Acquisition of Real Estate Assets	-74.36	-76.29	-68.28	-66.01	-70.34	-145.03
Sale of Real Estate Assets	0.19	0.17	0.31	0.28	0.13	0.1
Net Sale / Acq. of Real Estate Assets	-74.17	-76.12	-67.97	-65.74	-70.21	-144.93
Investment in Marketable & Equity Securities	0.45	0.45	-2	-	-	2.4
Other Investing Activities	-	-	6.33	0.9	-	-
Investing Cash Flow	-73.72	-75.67	-63.64	-64.84	-70.21	-142.53
Long-Term Debt Repaid	-	-889.95	-494.68	-514.68	-564.68	-14.68
Net Debt Issued (Repaid)	-889.95	-889.95	-494.68	-514.68	-564.68	-14.68
Common Dividends Paid	-1,122	-1,130	-1,364	-775.15	-700.1	-516.02
Other Financing Activities	-0.36	-0.25	-	-	-0.5	-0.49
Foreign Exchange Rate Adjustments	0.06	0	-0.02	-0.37	0.05	0.13
Net Cash Flow	-563.36	-521.19	-126.3	563.62	488.89	1,107
Levered Free Cash Flow	1,254	1,268	1,439	1,552	1,388	1,260
Unlevered Free Cash Flow	1,264	1,283	1,472	1,597	1,448	1,332
Cash Income Tax Paid	923.35	925.79	978.44	966.45	815.86	834.47
Change in Working Capital	-94.6	-94.6	15.75	112.07	117.98	124.58