Shanxi Securities 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	910.82	711.83	619.76	574.47	803.61	750.93
Depreciation & Amortization, Total	183.86	183.86	251.76	254.42	216.62	49.03
Gain (Loss) On Sale of Investments	112.67	112.67	64.14	12.19	42.64	-35.46
Change in Accounts Receivable	1,824	1,824	3,095	-6,754	-8,055	-2,890
Change in Accounts Payable	4,612	4,612	-3,750	6,389	7,807	-146.39
Other Operating Activities	-4,359	530.43	661.58	755.33	723.02	536.78
Operating Cash Flow	3,376	8,066	925.56	1,226	1,434	-1,459
Capital Expenditures	-167.74	-205.38	-215.14	-199.84	-179.61	-115.63
Cash Acquisitions	239.44	-	-	-108.18	-	-35
Investment in Securities	-59.18	-59.53	-21.31	8.57	180.25	160.53
Other Investing Activities	-412.53	0.39	0.22	1.44	-1,024	-397.63
Investing Cash Flow	-386.25	-250.27	-176.47	-276.13	-1,017	-384.6
Short-Term Debt Issued	-	1,290	1,649	8,936	17,540	15,377
Long-Term Debt Issued	-	5,984	3,493	5,493	6,463	3,176
Total Debt Issued	8,774	7,274	5,142	14,428	24,003	18,553
Short-Term Debt Repaid	-	-	-	-	-19,415	-15,894
Long-Term Debt Repaid	-	-9,030	-7,179	-15,297	-149.62	-
Total Debt Repaid	-9,651	-9,030	-7,179	-15,297	-19,565	-15,894
Net Debt Issued (Repaid)	-876.55	-1,755	-2,037	-868.94	4,439	2,659
Issuance of Common Stock	-	-	-	-	-	3,771
Common Dividends Paid	-1,030	-1,046	-942.96	-1,064	-997.77	-747.66
Other Financing Activities	257.28	-61.84	-7.36	647.96	629.44	10.78
Financing Cash Flow	-1,650	-2,863	-2,988	-1,285	4,070	5,693
Foreign Exchange Rate Adjustments	5.56	7.9	7.13	80.77	-23.05	-46.47
Net Cash Flow	1,345	4,961	-2,231	-254.02	4,464	3,803
Free Cash Flow	3,208	7,861	710.42	1,027	1,254	-1,575
Free Cash Flow Growth	-70.37%	1006.53%	-30.80%	-18.17%	-	-
Free Cash Flow Margin	94.67%	251.00%	20.66%	24.50%	31.65%	-48.21%
Free Cash Flow Per Share	0.87	2.19	0.20	0.29	0.35	-0.49
Cash Interest Paid	739.53	783.02	851.44	820.55	959.49	991.53
Cash Income Tax Paid	341.53	306.19	312.13	326.78	329.1	441.73

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