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
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	491.11	353.15	31.69	464.67	483.73	812.5
Depreciation & Amortization, Total	56.01	56.01	129.49	55.39	55.44	31.86
Gain (Loss) On Sale of Investments	70.7	70.7	106.3	-5.92	-39.05	-306.78
Change in Accounts Receivable	-1,064	-1,064	-279.55	336.5	-1,099	3,053
Change in Accounts Payable	4,331	4,331	-290.55	-844.31	-4,952	7,389
Other Operating Activities	-1,813	-204.67	6.9	-59.64	-500.34	-227.74
Operating Cash Flow	2,193	3,663	-348.97	-16.34	-6,030	10,774
Capital Expenditures	-53.71	-42.27	-71.74	-123.68	-191.95	-86.43
Cash Acquisitions	-	-	1.34	-	-	-
Investment in Securities	-64.61	-1,220	2,200	-636.12	7,316	-9,307
Other Investing Activities	44.25	57.43	82.32	18.23	25.79	231.19
Investing Cash Flow	-73.84	-1,205	2,214	-741.38	7,151	-9,162
Short-Term Debt Issued	-	-	-	5,411	7,289	-
Long-Term Debt Issued	-	2,841	1,867	998.38	-	3,276
Total Debt Issued	1,943	2,841	1,867	6,409	7,289	3,276
Short-Term Debt Repaid	-	-	-	-5,571	-6,850	-
Long-Term Debt Repaid	-	-2,793	-2,821	-43.09	-44.16	-3,125
Total Debt Repaid	-1,933	-2,793	-2,821	-5,614	-6,894	-3,125
Net Debt Issued (Repaid)	9.09	47.46	-954.47	795.22	394.82	150.98
Common Dividends Paid	-151.26	-82.55	-240.99	-218.49	-307.24	-195.11
Other Financing Activities	7.97	-	-	-	-	-
Financing Cash Flow	-134.2	-35.08	-1,195	576.73	87.58	-44.13
Foreign Exchange Rate Adjustments	3.02	0.34	0.52	1.48	-0.42	-1.07
Net Cash Flow	1,988	2,423	669.68	-179.51	1,209	1,566
Free Cash Flow	2,139	3,620	-420.71	-140.02	-6,222	10,687
Free Cash Flow Growth	-69.20%	-	-	-	-	474.48%
Free Cash Flow Margin	136.65%	259.81%	-42.62%	-10.34%	-463.05%	739.83%
Free Cash Flow Per Share	0.79	1.34	-0.16	-0.05	-2.30	3.95
Cash Interest Paid	448.3	338.44	333.46	429.15	669.99	459.51
Cash Income Tax Paid	148.64	178.79	63.63	64.73	100.91	115.21

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