ChinaLin 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	566.11	353.15	31.69	464.67	483.73	812.5	Upgrade
Depreciation & Amortization, Total	14.4	56.01	129.49	55.39	55.44	31.86	Upgrade
Gain (Loss) On Sale of Investments	-62.69	70.7	106.3	-5.92	-39.05	-306.78	Upgrade
Change in Accounts Receivable	-1,114	-1,064	-279.55	336.5	-1,099	3,053	Upgrade
Change in Accounts Payable	12,493	4,331	-290.55	-844.31	-4,952	7,389	Upgrade
Other Operating Activities	-198.96	-204.67	6.9	-59.64	-500.34	-227.74	Upgrade
Operating Cash Flow	11,844	3,663	-348.97	-16.34	-6,030	10,774	Upgrade
Capital Expenditures	-53.52	-42.27	-71.74	-123.68	-191.95	-86.43	Upgrade
Cash Acquisitions	-	-	1.34	-	-	-	Upgrade
Investment in Securities	-7,783	-1,220	2,200	-636.12	7,316	-9,307	Upgrade
Other Investing Activities	36.38	57.43	82.32	18.23	25.79	231.19	Upgrade
Investing Cash Flow	-7,800	-1,205	2,214	-741.38	7,151	-9,162	Upgrade
Short-Term Debt Issued	-	-	-	5,411	7,289	-	Upgrade
Long-Term Debt Issued	-	2,841	1,867	998.38	-	3,276	Upgrade
Total Debt Issued	1,490	2,841	1,867	6,409	7,289	3,276	Upgrade
Short-Term Debt Repaid	-	-	-	-5,571	-6,850	-	Upgrade
Long-Term Debt Repaid	-	-2,793	-2,821	-43.09	-44.16	-3,125	Upgrade
Total Debt Repaid	-2,349	-2,793	-2,821	-5,614	-6,894	-3,125	Upgrade
Net Debt Issued (Repaid)	-859.56	47.46	-954.47	795.22	394.82	150.98	Upgrade
Common Dividends Paid	-155.96	-82.55	-240.99	-218.49	-307.24	-195.11	Upgrade
Financing Cash Flow	-1,016	-35.08	-1,195	576.73	87.58	-44.13	Upgrade
Foreign Exchange Rate Adjustments	2.64	0.34	0.52	1.48	-0.42	-1.07	Upgrade
Net Cash Flow	3,031	2,423	669.68	-179.51	1,209	1,566	Upgrade
Free Cash Flow	11,790	3,620	-420.71	-140.02	-6,222	10,687	Upgrade
Free Cash Flow Growth	-	-	-	-	-	474.48%	Upgrade
Free Cash Flow Margin	740.44%	259.81%	-42.62%	-10.34%	-463.05%	739.83%	Upgrade
Free Cash Flow Per Share	4.11	1.34	-0.16	-0.05	-2.30	3.95	Upgrade
Cash Interest Paid	382.65	338.44	333.46	429.15	669.99	459.51	Upgrade
Cash Income Tax Paid	135.06	178.79	63.63	64.73	100.91	115.21	Upgrade

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