China Union Holdings 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	Jan '21 Jan 1, 2021
Net Income	38.74	40.51	81.63	435.75	406.32	551.17
Depreciation & Amortization	56.31	56.31	55.12	54.5	53.9	50.52
Other Amortization	1.22	1.22	1.07	1.05	6.55	9.03
Gain (Loss) on Sale of Assets	-0.69	-0.69	-	-	-	-
Gain (Loss) on Sale of Investments	-31.41	-31.41	-31.85	-24.21	-38.92	21.11
Asset Writedown	0.09	0.09	0.05	0	0.05	0.02
Change in Accounts Receivable	121.74	121.74	-36.37	-37.02	-184.08	148.71
Change in Other Net Operating Assets	-486.85	-486.85	-1,123	264.49	-638.15	-1,538
Other Operating Activities	229.47	40.48	52.78	225.92	173.27	266.46
Operating Cash Flow	-132.33	-319.55	-938.12	2,255	-114.62	-539.01
Acquisition of Real Estate Assets	-2.39	-6.73	-51.08	-0.65	-251.14	-2.8
Sale of Real Estate Assets	49.77	50.74	-	0.01	0	-
Net Sale / Acq. of Real Estate Assets	47.37	44	-51.08	-0.64	-251.14	-2.8
Cash Acquisition	-	-1.13	-635.22	-	-	-
Investment in Marketable & Equity Securities	-518.97	328.36	-176.23	400	-540	-211
Other Investing Activities	14.63	19.43	38.16	304.43	39.73	43.93
Investing Cash Flow	-456.98	390.66	-824.37	703.79	-751.4	-169.86
Long-Term Debt Issued	-	-	-	-	49.9	100
Long-Term Debt Repaid	-	-95.73	-3.53	-751.56	-676.8	-32
Net Debt Issued (Repaid)	-51.43	-95.73	-3.53	-751.56	-626.9	68
Repurchase of Common Stock	-297.13	-297.13	-	-	-	-
Common Dividends Paid	-16.53	-48.02	-84.4	-171.11	-454.17	-725.26
Other Financing Activities	237.99	-6.65	-85.64	-250.4	-2.47	-
Foreign Exchange Rate Adjustments	0	0	0	0.01	-0	-0.01
Net Cash Flow	-716.4	-376.42	-1,936	1,786	-1,950	-1,366
Cash Interest Paid	1.8	1.8	0.57	0.69	-	-
Cash Income Tax Paid	57.18	72.35	1,085	-290.88	1,178	2,254
Levered Free Cash Flow	78.08	-28.62	-1,646	1,776	-733.39	-672.83
Unlevered Free Cash Flow	95.4	-9.63	-1,624	1,819	-700.86	-644.89
Change in Working Capital	-424.66	-424.66	-1,098	1,562	-716.29	-1,437

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.