Hongta Securities Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,214	764.02	312.27	38.53	1,576
Depreciation & Amortization, Total	109.6	67.9	119.64	122.2	109.4
Gain (Loss) On Sale of Investments	-	71.48	333.43	286.83	-64.33
Change in Accounts Receivable	-812.28	-5,976	-10,208	-7,346	-24.22
Change in Accounts Payable	-1,751	8,661	855.73	461.97	1,599
Other Operating Activities	274.24	309.3	299.94	307.31	529.97
Operating Cash Flow	-1,038	1,533	-3,989	1,847	-594.54
Capital Expenditures	-95.21	-86.05	-76.84	-62.55	-69.77
Cash Acquisitions	-	-0.45	-6.29	-30.32	-28.94
Other Investing Activities	19.7	-	-	-	-
Investing Cash Flow	-74.6	-61.34	-57.52	187.79	-69.75
Long-Term Debt Issued	12,084	11,952	8,266	6,462	2,323
Total Debt Issued	12,084	11,952	8,266	6,462	2,323
Long-Term Debt Repaid	-8,612	-10,308	-8,127	-5,064	-7,025
Total Debt Repaid	-8,612	-10,308	-8,127	-5,064	-7,025
Net Debt Issued (Repaid)	3,472	1,643	139.55	1,398	-4,701
Issuance of Common Stock	-	-	-	-	7,852
Common Dividends Paid	-1,013	-829.24	-581.84	-823.89	-1,158
Other Financing Activities	-182.72	-14.85	-	-13.38	-9.31
Financing Cash Flow	2,276	799.35	-442.3	560.74	1,984
Foreign Exchange Rate Adjustments	-0.66	0.53	0.51	2.8	-0.89
Net Cash Flow	1,163	2,271	-4,488	2,598	1,318
Free Cash Flow	-1,133	1,447	-4,065	1,784	-664.3
Free Cash Flow Margin	-46.56%	71.73%	-341.50%	217.33%	-9.87%
Free Cash Flow Per Share	-0.24	0.30	-0.91	0.46	-0.15
Cash Interest Paid	-	279.9	218.11	271.82	208.27
Cash Income Tax Paid	-	97.62	63.81	160.21	717.6

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