C&D Holsin Engineering Consulting Co., Ltd (SHA:603909)

SHA:603909 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	115.87	109.19	95.61	65.92	56.66	40.43
Depreciation & Amortization	25.21	25.21	25.74	24.92	24.72	23.84
Other Amortization	6.62	6.62	7.09	6.01	5.49	7.38
Loss (Gain) From Sale of Assets	-0.2	-0.2	-0.51	1.51	-0.21	-0.09
Asset Writedown & Restructuring Costs	0.09	0.09	0.04	0.11	5.57	0.97
Loss (Gain) From Sale of Investments	-5.07	-5.07	-5.68	-1.87	-4.11	-0.01
Provision & Write-off of Bad Debts	27.93	27.93	38.57	54.52	37.98	42.02
Other Operating Activities	233.41	24.83	28.4	19.45	12.41	14.36
Change in Accounts Receivable	-1,145	-1,145	-1,102	-899.35	-181.99	-83.14
Change in Inventory	35.57	35.57	-152.1	-9.04	-5.3	6.77
Change in Accounts Payable	1,340	1,340	1,538	1,190	258.92	40.82
Change in Other Net Operating Assets	4.62	4.62	4.62	4.62	4.62	4.62
Operating Cash Flow	636.25	420.98	470.65	445.33	210.26	88.73
Operating Cash Flow Growth	52.71%	-10.55%	5.69%	111.79%	136.96%	-0.61%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-12.85	-12.88	-14.85	-17.64	-18.78	-38.82
Sale of Property, Plant & Equipment	0.82	0.05	1.35	0.53	0.74	0.54
Cash Acquisitions	0	0	-	-	-7.49	-
Divestitures	-	-	-	-	-1.78	-
Investment in Securities	-	-2.18	-	-0.93	12.98	-
Other Investing Activities	8.32	6.53	6.2	2.31	0.7	0.01
Investing Cash Flow	-3.71	-8.48	-7.31	-15.73	-13.63	-38.27

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	4.08	-	1.68	110.6	-
Long-Term Debt Issued	-	-	-	-	-	168.45
Total Debt Issued	0.49	4.08	-	1.68	110.6	168.45
Short-Term Debt Repaid	-	-	-	-84.87	-279.05	-
Long-Term Debt Repaid	-	-6.92	-8.21	-7.4	-7.26	-128.33
Lease Payments	-6.92	-6.92	-8.21	-7.4	-7.26	-4.54
Total Debt Repaid	-13.08	-6.92	-8.21	-92.28	-286.31	-128.33
Net Debt Issued (Repaid)	-12.59	-2.84	-8.21	-90.6	-175.71	40.12
Issuance of Common Stock	-	-	-	-	36.55	1.26
Common Dividends Paid	-39.11	-31.31	-20.85	-13.08	-15.27	-18.65
Other Financing Activities	1.96	-	-12.82	0.28	-	-
Financing Cash Flow	-49.74	-34.16	-41.88	-103.4	-154.43	22.74

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	582.77	378.35	421.46	326.19	42.21	73.2

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	623.4	408.11	455.8	427.69	191.49	49.91
Free Cash Flow Growth	53.52%	-10.46%	6.57%	123.35%	283.63%	-31.75%
Free Cash Flow Margin	7.11%	5.34%	6.90%	10.84%	15.19%	5.93%
Free Cash Flow Per Share	2.39	1.57	1.75	1.64	0.73	0.19
Levered Free Cash Flow	599.19	375.4	446.19	416.18	184.04	4.32
Unlevered Free Cash Flow	599.59	375.83	447.12	417.3	188.53	10.42
Free Cash Flow After Leases	616.47	401.18	447.59	420.28	184.23	45.37

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	168.66	125.97	132.78	105.87	57.45	46.74
Change in Working Capital	232.39	232.39	281.39	274.75	71.75	-40.17

Data Source: S&P Global Market Intelligence Last updated: Oct 23, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error