China Great Wall Securities Co.,Ltd. (SHE:002939)

SHE:002939 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,412	1,580	1,438	899.06	1,766	1,502
Depreciation & Amortization, Total	155.12	155.12	181.6	196.23	197.34	66.88
Gain (Loss) On Sale of Investments	-917.01	-917.01	-773.73	-780.36	-816.02	-566.1
Change in Accounts Receivable	-1,558	-1,558	3,226	-508.66	-272.58	-9,104
Change in Accounts Payable	8,820	8,820	1,340	2,047	6,416	3,028
Change in Other Net Operating Assets	-	-	-	-10,198	-9,405	-457.54
Other Operating Activities	-2,903	1,009	1,003	908.57	1,046	727.02
Operating Cash Flow	10,191	13,270	-4,721	-6,771	-1,229	-4,766
Capital Expenditures	-80.49	-88.8	-107.51	-84.83	-83.79	-94.19
Investment in Securities	-4,446	-3,534	-2,866	689.59	527.76	687.37
Other Investing Activities	641.29	725.64	610.86	532.48	347.92	326.15
Investing Cash Flow	-3,885	-2,897	-2,362	1,138	792.26	919.9
Short-Term Debt Issued	-	-	-	617.17	1,140	382.91
Long-Term Debt Issued	-	22,729	28,791	16,427	27,952	27,963
Total Debt Issued	28,028	22,729	28,791	17,044	29,091	28,346
Short-Term Debt Repaid	-	-	-	-	-21,690	-19,533
Long-Term Debt Repaid	-	-24,264	-20,677	-19,393	-	-
Total Debt Repaid	-23,161	-24,264	-20,677	-19,393	-21,690	-19,533
Net Debt Issued (Repaid)	4,867	-1,536	8,115	-2,349	7,402	8,813
Issuance of Common Stock	-	-	-	7,556	-	-
Common Dividends Paid	-1,450	-1,666	-1,266	-1,422	-1,152	-959.87
Other Financing Activities	-1.04	-0.7	-22.05	-162.05	-150.38	-8.39
Financing Cash Flow	3,415	-3,203	6,827	3,623	6,100	7,844
Foreign Exchange Rate Adjustments	1.29	1.05	4.68	5.23	-1.45	-3.76
Net Cash Flow	9,723	7,171	-251.34	-2,006	5,661	3,995
Free Cash Flow	10,111	13,181	-4,828	-6,856	-1,313	-4,860
Free Cash Flow Growth	-34.56%	-	-	-	-	-
Free Cash Flow Margin	190.68%	326.75%	-121.78%	-221.13%	-16.95%	-71.40%
Free Cash Flow Per Share	2.53	3.27	-1.21	-1.98	-0.42	-1.55
Cash Interest Paid	1,746	1,586	1,405	1,345	1,269	1,092
Cash Income Tax Paid	651.17	246.83	409.42	370.96	608.9	499.69

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