Tianjin Port Holdings Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Net Income	880.68	993.63	981.65	740.33	972.83	686.72
Depreciation & Amortization	1,258	1,258	1,268	1,255	1,371	1,208
Other Amortization	37.06	37.06	0.48	0.43	0.57	0.41
Loss (Gain) From Sale of Assets	0.28	0.28	-25.76	10.34	0.86	5.75
Asset Writedown & Restructuring Costs	7.91	7.91	5.8	6.63	16.59	11.44
Loss (Gain) From Sale of Investments	-369.88	-369.88	-406.92	-483.13	-685.91	-377.79
Provision & Write-off of Bad Debts	2.75	2.75	2.24	-13.74	2.67	24.45
Other Operating Activities	417.73	725.59	684.46	677.53	802.72	854.26
Change in Accounts Receivable	-151.15	-151.15	-5.52	1,118	-1,325	126.67
Change in Inventory	-2.02	-2.02	35.64	-20.93	123.02	-41.38
Change in Accounts Payable	292.56	292.56	-138.23	-879.71	1,420	16.53
Operating Cash Flow	2,340	2,761	2,378	2,389	2,778	2,463
Operating Cash Flow Growth	-13.07%	16.09%	-0.46%	-14.01%	12.79%	32.31%
Capital Expenditures	-1,095	-947.02	-975.06	-1,147	-943.05	-649.69
Sale of Property, Plant & Equipment	180.62	43.52	12.62	12.37	15.85	6.92
Cash Acquisitions	-	-	-	186.02	-295.19	-172.84
Divestitures	-	-	-	-	894.59	-
Investment in Securities	292.26	-	-	21.22	-191.82	3.82
Other Investing Activities	330.28	354.64	345.8	248.97	361.88	382.63
Investing Cash Flow	-291.74	-548.86	-616.64	-678.27	-157.75	-429.15
Long-Term Debt Issued	-	1,287	1,675	2,273	3,009	3,766
Long-Term Debt Repaid	-	-2,113	-2,078	-4,036	-4,628	-4,683
Net Debt Issued (Repaid)	-763.95	-826.97	-402.2	-1,764	-1,620	-917.05
Common Dividends Paid	-281.29	-518.89	-417.7	-806.3	-490.89	-536.64
Other Financing Activities	-257.26	-295.3	-306.14	392.91	-353.23	-306.58
Financing Cash Flow	-1,303	-1,641	-1,126	-2,177	-2,464	-1,760
Foreign Exchange Rate Adjustments	3.78	4.35	3.31	30.31	-5.46	-0.18
Net Cash Flow	749.31	574.9	638.5	-436.37	151.19	273.45
Free Cash Flow	1,245	1,814	1,403	1,242	1,835	1,813
Free Cash Flow Growth	-32.22%	29.28%	12.96%	-32.32%	1.19%	68.39%
Free Cash Flow Margin	9.99%	15.02%	11.99%	11.48%	12.68%	13.09%
Free Cash Flow Per Share	0.42	0.62	0.49	0.44	0.64	0.63
Cash Income Tax Paid	668.11	518.89	463.59	401.71	548.21	471.15
Levered Free Cash Flow	1,260	1,693	961.9	682.09	1,173	1,822
Unlevered Free Cash Flow	1,368	1,834	1,113	865.64	1,424	2,091
Change in Working Capital	105.7	105.7	-131.58	195.16	296.79	49.81

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.