Soochow 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
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	3,469	2,366	2,002	1,735	2,392	1,707
Depreciation & Amortization, Total	229.81	229.81	269.77	246.51	212.65	112.85
Gain (Loss) On Sale of Investments	-1,205	-1,205	-909.7	-913.34	-389.34	382.86
Change in Accounts Receivable	13,249	13,249	-27,731	13,263	-5,912	-2,321
Change in Accounts Payable	17,071	17,071	16,927	8,094	12,270	-1,095
Other Operating Activities	-18,871	-365.99	-1.3	37.09	1,377	1,051
Operating Cash Flow	13,472	30,874	-9,603	23,143	9,628	-431.16
Capital Expenditures	-204.48	-436.87	-704.16	-177.21	-231.85	-1,098
Cash Acquisitions	-	-	-	-	-	65.38
Investment in Securities	-13,233	-17,145	4,922	-32,250	2,017	-67.87
Other Investing Activities	1,848	1,512	1,436	1,036	635.55	488.88
Investing Cash Flow	-11,582	-16,062	5,660	-31,388	2,424	-441.21
Short-Term Debt Issued	-	31,659	52,647	31,402	27,905	30,345
Long-Term Debt Issued	-	6,000	2,959	12,982	10,000	8,289
Total Debt Issued	42,698	37,659	55,606	44,384	37,906	38,634
Short-Term Debt Repaid	-	-36,317	-52,251	-42,305	-40,817	-35,558
Long-Term Debt Repaid	-	-103.92	-105.38	-89.62	-82.11	-
Total Debt Repaid	-32,495	-36,421	-52,357	-42,395	-40,899	-35,558
Net Debt Issued (Repaid)	10,203	1,239	3,249	1,990	-2,993	3,076
Issuance of Common Stock	-	-	-	23.11	7,997	5,913
Repurchase of Common Stock	-	-	-	-	-351.01	-
Common Dividends Paid	-2,499	-2,312	-2,000	-1,952	-1,942	-2,038
Other Financing Activities	-13.87	-9.67	-8.1	243.76	-	-17.36
Financing Cash Flow	7,690	-1,083	1,241	304.99	2,710	6,934
Foreign Exchange Rate Adjustments	24.08	21.73	23.51	150.25	-52.79	-120.25
Net Cash Flow	9,604	13,750	-2,679	-7,790	14,709	5,942
Free Cash Flow	13,268	30,437	-10,307	22,966	9,396	-1,529
Free Cash Flow Growth	-60.53%	-	-	144.42%	-	-
Free Cash Flow Margin	99.03%	264.70%	-91.82%	220.86%	102.65%	-20.91%
Free Cash Flow Per Share	2.66	6.13	-2.07	4.62	2.34	-0.40
Cash Interest Paid	2,366	2,201	1,776	1,499	1,568	1,307
Cash Income Tax Paid	1,167	963.7	1,147	631.97	1,199	920.44

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