Nanjing 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	1,219	1,002	677.01	645.67	977.27	809.59	Upgrade
Depreciation & Amortization, Total	99.81	99.81	122.81	93.79	123.46	73	Upgrade
Gain (Loss) On Sale of Investments	-46.38	-46.38	22.57	174.44	-65.2	-110.2	Upgrade
Change in Accounts Receivable	-1,085	-1,085	-2,314	768.8	-91.67	-2,780	Upgrade
Change in Accounts Payable	7,324	7,324	4,087	-221.81	2,455	302.76	Upgrade
Change in Other Net Operating Assets	2,372	2,372	-5,370	-118.93	-5,103	-633.16	Upgrade
Other Operating Activities	-9,112	440.21	448.33	449.15	465.85	421.2	Upgrade
Operating Cash Flow	-6,344	2,991	-2,620	1,209	-2,634	-4,630	Upgrade
Capital Expenditures	-84.27	-128.62	-113.34	-73.87	-80.21	-86.94	Upgrade
Investment in Securities	41.99	61.11	26.16	-79.23	4.5	-140	Upgrade
Other Investing Activities	6.26	-	8.47	-	8.02	-	Upgrade
Investing Cash Flow	-35.26	-66.88	-77.98	-152.24	-67.42	-223.88	Upgrade
Long-Term Debt Issued	-	16,612	12,989	9,059	7,280	9,383	Upgrade
Short-Term Debt Repaid	-	-13,246	-10,717	-8,846	-3,513	-6,047	Upgrade
Long-Term Debt Repaid	-	-39.4	-39.28	-34.78	-29.49	-	Upgrade
Total Debt Repaid	-12,476	-13,286	-10,756	-8,881	-3,542	-6,047	Upgrade
Net Debt Issued (Repaid)	11,396	3,326	2,233	177.95	3,737	3,336	Upgrade
Issuance of Common Stock	-	-	-	-	236.5	4,375	Upgrade
Common Dividends Paid	-1,066	-894.26	-748.74	-842.9	-861.84	-592.5	Upgrade
Other Financing Activities	-51.69	-33.53	-13	-26.07	-16.15	-117.64	Upgrade
Financing Cash Flow	10,279	2,399	1,472	-691.01	3,096	7,001	Upgrade
Foreign Exchange Rate Adjustments	0.49	0.59	0.56	2.95	-0.78	-2.17	Upgrade
Net Cash Flow	3,900	5,324	-1,226	368.57	393.77	2,145	Upgrade
Free Cash Flow	-6,428	2,863	-2,733	1,135	-2,714	-4,717	Upgrade
Free Cash Flow Margin	-189.67%	91.44%	-111.17%	56.46%	-101.52%	-207.45%	Upgrade
Free Cash Flow Per Share	-1.74	0.77	-0.73	0.32	-0.75	-1.40	Upgrade
Cash Interest Paid	561.68	424.77	448.81	421.21	553.09	474.07	Upgrade
Cash Income Tax Paid	523.63	299.33	316.03	295.89	426.06	404.95	Upgrade

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