Shenzhen Tellus Holding 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	152.15	136.63	118.26	83.5	131.02	57.66
Depreciation & Amortization	51.17	51.17	45.58	39.45	35.81	28.53
Other Amortization	13.51	13.51	6.45	5.15	7.32	3.17
Loss (Gain) From Sale of Assets	0	0	0.06	-0.01	-0.14	0.03
Asset Writedown & Restructuring Costs	-	-	0.86	0.22	-	-
Loss (Gain) From Sale of Investments	-7.06	-7.06	-83.4	-32.51	-94.44	-23.77
Provision & Write-off of Bad Debts	-0.34	-0.34	0.61	0.21	-0.02	-0.93
Other Operating Activities	118.62	4.4	4.48	-0.82	1.14	1.52
Change in Accounts Receivable	100.48	100.48	-102.17	-109.08	-12.86	89.14
Change in Inventory	45.72	45.72	-54.72	-91.71	-4.17	-0.71
Change in Accounts Payable	28.78	28.78	-3.64	53.49	61.99	-45.68
Operating Cash Flow	520.02	390.29	-60.14	-51.97	126.61	109.11
Operating Cash Flow Growth	870.39%	-	-	-	16.05%	38.26%
Capital Expenditures	28.75	-34.26	-84.89	-152.05	-138.36	-172.62
Sale of Property, Plant & Equipment	0.03	0	9.87	7.76	0.5	0.92
Investment in Securities	-375.07	-165.4	-88.93	155.95	-42.75	-218.21
Other Investing Activities	-4.44	7.02	30.74	38.18	49.93	92.12
Investing Cash Flow	-350.73	-192.64	-133.21	49.85	-130.69	-297.79
Short-Term Debt Issued	-	415	359.67	-	-	24.8
Long-Term Debt Issued	-	-	-	77.92	75.6	11.17
Total Debt Issued	276.5	415	359.67	77.92	75.6	35.97
Short-Term Debt Repaid	-	-440	-358.93	-	-	-24.8
Long-Term Debt Repaid	-	-12.18	-0.81	-2.87	-3.38	-
Total Debt Repaid	-429.98	-452.18	-359.74	-2.87	-3.38	-24.8
Net Debt Issued (Repaid)	-153.48	-37.18	-0.07	75.05	72.22	11.17
Common Dividends Paid	-46.47	-19.42	-31.6	-20.83	-10.36	-18.06
Other Financing Activities	2.41	-	-6.16	128.5	-54.82	3.23
Financing Cash Flow	-197.54	-56.6	-37.84	182.72	7.04	-3.65
Foreign Exchange Rate Adjustments	0.01	-	0	-0.84	0.24	0.13
Net Cash Flow	-28.24	141.05	-231.18	179.75	3.19	-192.21
Free Cash Flow	548.77	356.03	-145.03	-204.01	-11.75	-63.52
Free Cash Flow Margin	32.03%	13.62%	-7.85%	-24.36%	-2.31%	-14.96%
Free Cash Flow Per Share	1.27	0.83	-0.34	-0.47	-0.03	-0.14
Cash Interest Paid	-	-	-	-	2.89	-
Cash Income Tax Paid	65.37	62.07	58.68	60.61	36.03	82.07
Levered Free Cash Flow	500.73	307.15	-68.48	-179.3	-53.52	2.08
Unlevered Free Cash Flow	505.33	312.84	-62.58	-179.09	-52.12	2.73
Change in Working Capital	191.98	191.98	-153.03	-147.14	45.93	42.91

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