Industrial Securities 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	2015 - 2019
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	2015 - 2019
Net Income	3,365	2,164	1,964	2,637	4,743	4,003	Upgrade
Depreciation & Amortization, Total	508.17	508.17	771.28	686.29	566.84	209.15	Upgrade
Gain (Loss) On Sale of Investments	-1,059	-1,059	222.09	-339.24	-736.49	413.27	Upgrade
Change in Accounts Receivable	5,495	5,495	-3,647	849.98	-7,666	-9,465	Upgrade
Change in Accounts Payable	12,242	12,242	10,580	19,616	25,610	12,595	Upgrade
Other Operating Activities	-30,854	1,355	134.16	1,697	1,896	1,909	Upgrade
Operating Cash Flow	-6,865	24,143	-10,360	22,656	15,206	7,684	Upgrade
Capital Expenditures	-336.52	-451.2	-704.56	-578	-530.8	-297.48	Upgrade
Investment in Securities	-9,050	-24,431	-12,375	-10,394	-1,675	887.07	Upgrade
Other Investing Activities	2,381	2,109	1,650	1,123	1,268	1,254	Upgrade
Investing Cash Flow	-6,996	-22,769	-11,429	-9,847	-935.39	1,845	Upgrade
Short-Term Debt Issued	-	4,535	6,171	1,331	-	-	Upgrade
Long-Term Debt Issued	-	66,426	50,898	39,239	101,225	76,911	Upgrade
Total Debt Issued	85,201	70,961	57,069	40,570	101,225	76,911	Upgrade
Short-Term Debt Repaid	-	-56,902	-45,133	-44,129	-	-	Upgrade
Long-Term Debt Repaid	-	-294.19	-	-	-95,312	-81,705	Upgrade
Total Debt Repaid	-70,047	-57,197	-45,133	-44,129	-95,312	-81,705	Upgrade
Net Debt Issued (Repaid)	15,154	13,764	11,936	-3,559	5,913	-4,794	Upgrade
Issuance of Common Stock	2,690	-	2,998	10,030	-	-	Upgrade
Common Dividends Paid	-3,121	-3,334	-2,933	-3,388	-3,499	-3,009	Upgrade
Other Financing Activities	-274.98	-241.57	-1,285	-327.24	-298.67	-269.5	Upgrade
Financing Cash Flow	14,447	10,189	10,716	2,755	2,115	-8,073	Upgrade
Foreign Exchange Rate Adjustments	-152.82	2.96	15.29	-34.92	47.71	26.79	Upgrade
Net Cash Flow	433.93	11,566	-11,058	15,530	16,434	1,482	Upgrade
Free Cash Flow	-7,201	23,692	-11,065	22,078	14,675	7,386	Upgrade
Free Cash Flow Growth	-	-	-	50.45%	98.68%	-59.10%	Upgrade
Free Cash Flow Margin	-49.38%	196.42%	-106.23%	214.51%	78.57%	43.66%	Upgrade
Free Cash Flow Per Share	-0.85	2.74	-1.28	2.93	2.10	1.10	Upgrade
Cash Interest Paid	3,441	3,396	3,489	3,071	2,965	2,343	Upgrade
Cash Income Tax Paid	2,208	1,427	2,470	4,616	5,381	4,895	Upgrade

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