Founder 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	3,970	2,207	2,152	2,148	1,822
Depreciation & Amortization, Total	267.99	430.76	443.72	410.36	374.4
Gain (Loss) On Sale of Investments	-1,065	1,359	-281.42	64.65	237.02
Change in Accounts Receivable	-1,494	-20,862	-34,735	-11,815	-35,209
Change in Accounts Payable	-2,283	15,191	23,549	2,988	47,883
Other Operating Activities	1,270	1,487	978.23	669.07	686.57
Operating Cash Flow	1,066	329.12	-8,311	-5,409	16,458
Capital Expenditures	-230.92	-209.51	-233.09	-296.26	-294.61
Other Investing Activities	897.47	-	-	-	-
Investing Cash Flow	785.69	-186.44	-227	-296.26	-293.43
Short-Term Debt Issued	24,596	19,429	11,683	13,325	-
Long-Term Debt Issued	22,803	15,463	21,451	7,401	390.75
Total Debt Issued	47,399	34,892	33,134	20,725	390.75
Short-Term Debt Repaid	-17,733	-11,341	-12,962	-13,994	-967.24
Long-Term Debt Repaid	-12,994	-8,847	-5,439	-2,755	-531.07
Total Debt Repaid	-30,727	-20,188	-18,401	-16,749	-1,498
Net Debt Issued (Repaid)	16,672	14,704	14,732	3,976	-1,108
Common Dividends Paid	-2,397	-1,760	-878.47	-902.78	-865.78
Other Financing Activities	-171.68	-13.41	-82.24	0.9	1.83
Financing Cash Flow	14,103	12,931	13,772	3,074	-1,972
Foreign Exchange Rate Adjustments	-7.27	5.25	1.42	5.78	-0.15
Net Cash Flow	15,948	13,079	5,235	-2,625	14,193
Free Cash Flow	835.4	119.61	-8,544	-5,705	16,164
Free Cash Flow Growth	598.46%	-	-	-	121.26%
Free Cash Flow Margin	8.08%	1.59%	-121.82%	-73.96%	188.48%
Free Cash Flow Per Share	0.10	0.01	-1.03	-0.69	1.95
Cash Interest Paid	3,419	3,589	3,427	3,628	2,883
Cash Income Tax Paid	1,648	479.9	547.32	673.34	1,220

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