HUAXI 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	1,533	727.97	424.95	422.36	1,632	1,900
Depreciation & Amortization, Total	127.99	127.99	186.18	167.59	146.59	66.97
Gain (Loss) On Sale of Investments	-492.05	-492.05	-180.46	628.55	148.66	-714.46
Change in Accounts Receivable	-1,447	-1,447	1,038	1,040	-8,837	-1,143
Change in Accounts Payable	6,238	6,238	-7,067	3,216	12,329	1,622
Change in Other Net Operating Assets	4.27	4.27	4.92	5.66	6.23	-
Other Operating Activities	1,111	626.9	737.84	332.07	841.09	625.31
Operating Cash Flow	7,060	5,771	655.47	1,763	3,840	-4,390
Capital Expenditures	-94.5	-87.22	-158.48	-133.71	-98.86	-126.95
Investment in Securities	-5,850	1,939	-463.65	253.51	-201.52	1,977
Other Investing Activities	167.12	227.57	309.61	496.7	537.53	534.63
Investing Cash Flow	-5,773	2,083	-312.35	617.02	231.94	2,385
Long-Term Debt Issued	-	18,212	15,433	16,663	27,488	27,839
Long-Term Debt Repaid	-	-13,758	-17,666	-18,158	-22,769	-21,883
Net Debt Issued (Repaid)	8,215	4,454	-2,233	-1,495	4,719	5,957
Issuance of Common Stock	-	-	-	-	25.62	-
Common Dividends Paid	-873.43	-796.91	-856.25	-1,032	-969.92	-760.85
Other Financing Activities	-7.03	-5.01	13.05	-5.09	-58.72	-26.68
Financing Cash Flow	7,335	3,652	-3,077	-2,532	3,716	5,169
Foreign Exchange Rate Adjustments	0.5	0.62	0.54	2.79	-0.7	-1.77
Net Cash Flow	8,622	11,507	-2,733	-149.3	7,787	3,163
Free Cash Flow	6,966	5,684	496.99	1,629	3,741	-4,517
Free Cash Flow Growth	-51.20%	1043.70%	-69.49%	-56.45%	-	-
Free Cash Flow Margin	134.99%	145.78%	15.69%	49.13%	73.23%	-96.90%
Free Cash Flow Per Share	2.58	2.17	0.19	0.62	1.42	-1.71
Cash Interest Paid	1,134	1,084	1,027	967.08	913.42	884.35
Cash Income Tax Paid	641.83	289.82	634.22	677.72	936.09	899.12

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