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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,094	1,078	1,002	677.01	645.67	977.27
Depreciation & Amortization, Total	105.51	105.51	131.5	122.81	93.79	123.46
Gain (Loss) On Sale of Investments	0.25	0.25	32.69	22.57	174.44	-65.2
Change in Accounts Receivable	-4,313	-4,313	-1,085	-2,314	768.8	-91.67
Change in Accounts Payable	9,115	9,115	7,324	4,087	-221.81	2,455
Change in Other Net Operating Assets	-11,884	-11,884	2,372	-5,370	-118.93	-5,103
Other Operating Activities	3,004	543.08	441.33	448.33	449.15	465.85
Operating Cash Flow	-841.36	-3,319	2,991	-2,620	1,209	-2,634
Capital Expenditures	-87.99	-89.17	-128.62	-113.34	-73.87	-80.21
Investment in Securities	32.91	27.33	58.94	26.16	-79.23	4.5
Other Investing Activities	-0.12	-	2.17	8.47	-	8.02
Investing Cash Flow	-53.79	-60.44	-66.88	-77.98	-152.24	-67.42
Long-Term Debt Issued	-	24,000	16,612	12,989	9,059	7,280
Short-Term Debt Repaid	-	-	-	-	-	-3,513
Long-Term Debt Repaid	-	-16,814	-13,286	-10,756	-8,881	-29.49
Total Debt Repaid	-18,741	-16,814	-13,286	-10,756	-8,881	-3,542
Net Debt Issued (Repaid)	7,059	7,186	3,326	2,233	177.95	3,737
Issuance of Common Stock	4,941	4,941	-	-	-	236.5
Common Dividends Paid	-941.36	-927.42	-894.26	-748.74	-842.9	-861.84
Other Financing Activities	-77.47	-86.88	-33.53	-13	-26.07	-16.15
Financing Cash Flow	10,981	11,113	2,399	1,472	-691.01	3,096
Foreign Exchange Rate Adjustments	-1.4	-0.84	0.59	0.56	2.95	-0.78
Net Cash Flow	10,085	7,733	5,324	-1,226	368.57	393.77
Free Cash Flow	-929.36	-3,408	2,863	-2,733	1,135	-2,714
Free Cash Flow Margin	-33.68%	-122.04%	105.87%	-111.17%	56.46%	-101.52%
Free Cash Flow Per Share	-0.24	-0.92	0.77	-0.73	0.32	-0.75
Cash Interest Paid	614.83	573.99	424.77	448.81	421.21	553.09
Cash Income Tax Paid	450.11	501.83	299.33	316.03	295.89	426.06

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