Huaan 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	2,017	2,108	1,486	1,274	1,182	1,424
Depreciation & Amortization, Total	188.62	188.62	255.77	205.01	178.87	156.42
Gain (Loss) On Sale of Investments	-150.97	-150.97	-550.41	-433.17	355.43	-176.54
Change in Accounts Receivable	-3,329	-3,329	-1,247	-1,075	1,837	-6,598
Change in Accounts Payable	-1,259	-1,259	14,779	-151.99	-1,574	8,503
Change in Other Net Operating Assets	-35	-35	-	-	-	-
Other Operating Activities	1,972	822.67	874.04	779.92	547.95	852.66
Operating Cash Flow	7,597	6,539	4,641	-4,972	-215.33	1.27
Capital Expenditures	-247.63	-260.87	-177.99	-327.7	-294.53	-229.04
Investment in Securities	-121.19	-132.07	-402.96	-205.59	-491.51	-396.81
Other Investing Activities	0.75	-	19.31	29.77	14.57	12.98
Investing Cash Flow	-367.68	-392.83	-560.87	-458.45	-770.11	-612.18
Long-Term Debt Issued	-	26,636	25,322	14,786	10,793	11,911
Long-Term Debt Repaid	-	-23,692	-18,276	-10,364	-9,639	-10,649
Net Debt Issued (Repaid)	4,998	2,944	7,046	4,422	1,154	1,262
Issuance of Common Stock	-	-	-	-	-	3,962
Repurchase of Common Stock	-25.67	-25.67	-93.1	-	-	-
Common Dividends Paid	-1,268	-1,333	-1,092	-919.64	-898.95	-861.39
Other Financing Activities	7.87	-10.64	-15.7	-42	-62.64	-154.59
Financing Cash Flow	3,712	1,574	5,845	3,461	192.26	4,208
Foreign Exchange Rate Adjustments	-16	-8.89	7.82	6.03	22.14	-3.78
Net Cash Flow	10,925	7,712	9,933	-1,964	-771.05	3,593
Free Cash Flow	7,350	6,278	4,463	-5,300	-509.86	-227.77
Free Cash Flow Growth	64.54%	40.67%	-	-	-	-
Free Cash Flow Margin	153.43%	124.14%	115.80%	-147.29%	-16.14%	-6.64%
Free Cash Flow Per Share	1.50	1.28	0.90	-1.08	-0.10	-0.05
Cash Interest Paid	826.25	826.25	754.51	727.82	789	913.9
Cash Income Tax Paid	1,071	1,071	394.23	442.48	658.42	701.75

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