Shenwan Hongyuan Group 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	9,886	9,507	5,211	4,606	2,789	9,398
Depreciation & Amortization, Total	675.96	675.96	662.66	642.97	577.33	520.22
Gain (Loss) On Sale of Investments	-5,538	-5,538	-4,685	-5,807	375.52	-152.12
Change in Accounts Receivable	-19,817	-19,817	-15,657	-3,108	19,644	-8,204
Change in Accounts Payable	19,386	19,386	25,626	-3,440	24,378	54,684
Change in Other Net Operating Assets	-29,542	-29,542	4,992	30,319	-	-
Other Operating Activities	-2,556	5,746	6,401	6,103	3,074	3,938
Operating Cash Flow	-24,580	-16,657	245.37	72,727	37,181	-40,818
Capital Expenditures	-423.37	-417.84	-541.59	-585.56	-466.3	-461.83
Investment in Securities	27,224	5,189	11,332	-84,715	-20,182	27,886
Other Investing Activities	6,592	7,308	4,802	9,862	2,688	4,585
Investing Cash Flow	33,418	12,091	15,655	-75,417	-17,939	32,041
Short-Term Debt Issued	-	119,097	112,286	62,721	97,933	-
Long-Term Debt Issued	-	50,305	17,237	41,044	-	177,867
Total Debt Issued	188,088	169,402	129,523	103,764	97,933	177,867
Short-Term Debt Repaid	-	-107,826	-91,615	-57,543	-116,186	-
Long-Term Debt Repaid	-	-40,496	-41,552	-48,460	-416.23	-147,971
Total Debt Repaid	-147,098	-148,323	-133,166	-106,003	-116,602	-147,971
Net Debt Issued (Repaid)	40,990	21,079	-3,643	-2,239	-18,669	29,896
Issuance of Common Stock	-	-	-	-	9,789	9,988
Common Dividends Paid	-4,089	-3,045	-957.24	-1,476	-8,711	-8,337
Other Financing Activities	-4,516	-4,516	-6,686	-5,106	-393.01	115.29
Financing Cash Flow	32,386	13,517	-11,286	-8,820	-17,985	31,663
Foreign Exchange Rate Adjustments	-64.74	-17.77	-20.42	31.49	-61.17	-23.01
Net Cash Flow	41,159	8,933	4,594	-11,478	1,196	22,862
Free Cash Flow	-25,003	-17,075	-296.22	72,142	36,715	-41,280
Free Cash Flow Growth	-	-	-	96.49%	-	-
Free Cash Flow Margin	-95.00%	-66.47%	-1.50%	330.41%	180.30%	-121.63%
Free Cash Flow Per Share	-0.98	-0.68	-0.01	2.88	1.47	-1.65
Cash Interest Paid	8,824	8,619	10,758	9,628	5,834	5,437
Cash Income Tax Paid	2,321	1,860	461.81	476.36	3,163	3,864

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