Sinolink Securities 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	2,387	2,277	1,670	1,718	1,198	2,317
Depreciation & Amortization, Total	176.65	176.65	265.67	255.95	217.21	175.98
Gain (Loss) On Sale of Investments	-16.52	-16.52	86.5	-105.82	-40.88	-230.17
Change in Accounts Receivable	-5,074	-5,074	-3,560	-6,261	-864.3	-9,064
Change in Accounts Payable	20,857	20,857	-730.41	4,278	10,177	9,728
Other Operating Activities	20,406	654.27	598.34	609.43	554.42	531.05
Operating Cash Flow	23,955	4,094	11,784	-5,625	6,663	-3,599
Capital Expenditures	-141.16	-129.26	-153.21	-187.1	-160.9	-133.96
Investment in Securities	606.02	709.74	314.2	616.14	-3,647	-134.36
Other Investing Activities	130.89	130.91	158.99	190.46	102.2	208.66
Investing Cash Flow	595.74	711.97	324.07	621.6	-3,705	-46.78
Short-Term Debt Issued	-	818.08	311.32	257.41	285.08	1,201
Long-Term Debt Issued	-	25,595	24,812	33,705	17,138	30,953
Total Debt Issued	28,810	26,413	25,123	33,962	17,423	32,155
Short-Term Debt Repaid	-	-21,613	-22,355	-25,540	-20,915	-23,954
Long-Term Debt Repaid	-	-138.97	-138.33	-153.39	-124.52	-83.81
Total Debt Repaid	-23,631	-21,752	-22,494	-25,693	-21,040	-24,038
Net Debt Issued (Repaid)	5,179	4,661	2,630	8,269	-3,617	8,117
Issuance of Common Stock	-	-	-	-	5,763	-
Repurchase of Common Stock	-59.47	-59.47	-134.53	-167.57	-7.27	-
Common Dividends Paid	-1,150	-1,128	-1,281	-779.35	-944.39	-756.14
Other Financing Activities	-15.58	-19.75	-15.75	-	3.5	-
Financing Cash Flow	3,954	3,454	1,199	7,322	1,198	7,361
Foreign Exchange Rate Adjustments	0.44	-3.52	1.57	8.66	43.07	-6.7
Net Cash Flow	28,505	8,256	13,308	2,327	4,199	3,708
Free Cash Flow	23,814	3,965	11,631	-5,812	6,503	-3,733
Free Cash Flow Growth	602.82%	-65.91%	-	-	-	-
Free Cash Flow Margin	269.26%	47.69%	177.34%	-87.96%	115.33%	-51.76%
Free Cash Flow Per Share	6.46	1.08	3.15	-1.56	1.86	-1.23
Cash Interest Paid	1,583	1,503	1,181	1,146	983.16	1,010
Cash Income Tax Paid	1,145	1,310	744.9	1,110	1,126	1,079

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