Nanhua Futures 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	451.09	457.97	401.85	246.06	243.6	94.17
Depreciation & Amortization, Total	46.06	46.06	46.43	46.75	29.01	16.01
Gain (Loss) On Sale of Investments	-75.19	-75.19	-95.62	-54.58	-25.26	-238.9
Change in Accounts Receivable	346.31	346.31	730.7	11.1	-2,341	-3,245
Change in Accounts Payable	11,220	11,220	2,706	1,175	7,180	8,115
Change in Other Net Operating Assets	-170.49	-170.49	-74.54	-273.08	-273.96	-180.59
Other Operating Activities	616.88	102.17	72.16	38.54	0.94	64.32
Operating Cash Flow	12,370	11,862	3,778	1,251	4,948	4,983
Capital Expenditures	-24.78	-10.95	-52.84	-31.71	-58.97	-75.82
Cash Acquisitions	-1.02	-1.02	1.9	-3.84	15.91	-0.98
Investment in Securities	-902.18	882.67	903.07	-1,284	-4,853	-4,368
Other Investing Activities	-1,070	233.96	163.67	243.89	18.51	488.8
Investing Cash Flow	-1,998	1,105	1,016	-1,075	-4,877	-3,956
Short-Term Debt Issued	-	336.16	606.41	1,067	732.91	767.03
Long-Term Debt Issued	-	-	-	20.65	-	-
Total Debt Issued	1,112	336.16	606.41	1,088	732.91	767.03
Short-Term Debt Repaid	-	-565.73	-923.67	-829.38	-817.83	-1,094
Long-Term Debt Repaid	-	-20.09	-19.15	-21.08	-17.08	-
Total Debt Repaid	-979.61	-585.82	-942.82	-850.46	-834.91	-1,094
Net Debt Issued (Repaid)	132.2	-249.66	-336.41	237.2	-102	-326.52
Issuance of Common Stock	-	-	-	498.21	361.15	7.83
Repurchase of Common Stock	-50.1	-50.1	-	-	-	-
Common Dividends Paid	-80.34	-81.82	-85.35	-47.43	-24.27	-85.14
Other Financing Activities	46.43	-	6.9	3.04	30.68	-50.58
Financing Cash Flow	48.18	-381.58	-414.86	691.02	265.56	-454.41
Foreign Exchange Rate Adjustments	-44.32	29.4	13.26	118.6	-33.25	22.14
Net Cash Flow	10,376	12,615	4,392	985.38	302.61	594.62
Free Cash Flow	12,345	11,851	3,725	1,219	4,889	4,907
Free Cash Flow Growth	55.67%	218.14%	205.47%	-75.05%	-0.38%	1662.19%
Free Cash Flow Margin	218.92%	207.25%	59.75%	17.87%	46.54%	49.54%
Free Cash Flow Per Share	20.27	19.43	6.12	2.00	8.11	8.46
Cash Interest Paid	0.36	7.23	26.34	27.03	34	41.38
Cash Income Tax Paid	74.1	94.78	78.19	114.8	57.53	45.72

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