CITIC Securities Company 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	33,684	30,076	21,704	19,721	21,317	23,100
Depreciation & Amortization, Total	1,798	1,798	1,803	1,706	1,535	1,544
Gain (Loss) On Sale of Investments	-16,658	-16,658	-604.21	-2,830	14,217	-5,294
Change in Accounts Receivable	-62,050	-62,050	-53,430	-74,551	49,992	-
Change in Accounts Payable	104,226	104,226	220,220	104,609	-26,221	-
Change in Other Net Operating Assets	-	-	-	-	-	122,301
Other Operating Activities	145,479	20,565	3,054	2,280	2,931	3,653
Operating Cash Flow	202,626	74,104	172,563	-40,837	78,523	5,517
Capital Expenditures	-1,557	-1,495	-1,293	-1,580	-1,304	-719.74
Investment in Securities	-27,109	-5,697	-73,862	-16,643	225.39	-6,464
Other Investing Activities	175.68	106.8	203.33	-16.33	286.89	252.44
Investing Cash Flow	-28,400	-6,989	-74,264	-18,198	-791.74	-6,916
Long-Term Debt Issued	-	523,845	367,305	342,308	77,910	130,410
Long-Term Debt Repaid	-	-462,703	-377,214	-281,436	-133,202	-118,450
Net Debt Issued (Repaid)	97,429	61,143	-9,909	60,873	-55,291	11,960
Issuance of Common Stock	7,500	7,500	14,000	3,000	27,157	10,800
Common Dividends Paid	-15,931	-11,682	-17,970	-13,809	-15,067	-12,501
Other Financing Activities	-13.03	-1,878	-1,483	-1,782	1,342	-546.42
Financing Cash Flow	88,985	55,083	-15,362	48,281	-41,860	9,713
Foreign Exchange Rate Adjustments	-952.39	-617.48	245.09	398.77	556.63	-1,589
Net Cash Flow	262,258	121,581	83,182	-10,355	36,428	6,725
Free Cash Flow	201,069	72,610	171,270	-42,417	77,219	4,797
Free Cash Flow Growth	323.88%	-57.60%	-	-	1509.71%	-95.26%
Free Cash Flow Margin	243.59%	96.32%	317.45%	-71.72%	120.88%	6.90%
Free Cash Flow Per Share	13.59	4.90	11.56	-2.86	5.25	0.35
Cash Interest Paid	26,815	26,125	23,375	19,546	15,512	-
Cash Income Tax Paid	13,718	12,264	7,720	10,945	11,381	9,871

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.