Sealand 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	2019 - 2015
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	2019 - 2015
Net Income	949.55	428.38	326.96	249.25	764.62	725.38	Upgrade
Depreciation & Amortization, Total	159.69	159.69	233.42	216.46	206.29	91.88	Upgrade
Gain (Loss) On Sale of Investments	-129.8	-129.8	-253.01	92.83	-313.82	-139.24	Upgrade
Change in Accounts Receivable	118.76	118.76	-324.82	1,964	-2,171	-1,253	Upgrade
Change in Accounts Payable	-9,077	-9,077	-3,705	-2,020	2,394	4,488	Upgrade
Other Operating Activities	10,259	368.99	572.4	608.28	869.77	754.69	Upgrade
Operating Cash Flow	8,168	-2,244	436.15	-2,526	1,057	-2,854	Upgrade
Capital Expenditures	-81.69	-100.77	-180.18	-187.07	-247.16	-1,455	Upgrade
Investment in Securities	-7,249	6,088	-3,467	7,644	4,761	6,853	Upgrade
Other Investing Activities	188.83	135.31	222.69	363.77	270.66	884.1	Upgrade
Investing Cash Flow	-7,141	6,123	-3,424	7,821	4,784	6,283	Upgrade
Long-Term Debt Issued	-	914.79	5,334	5,944	7,601	12,487	Upgrade
Long-Term Debt Repaid	-	-2,143	-9,026	-6,024	-7,408	-14,119	Upgrade
Net Debt Issued (Repaid)	66.91	-1,229	-3,692	-80.58	193.49	-1,632	Upgrade
Issuance of Common Stock	20	-	3,180	-	-	3,988	Upgrade
Common Dividends Paid	-485	-598.95	-772.02	-655.52	-1,205	-981.4	Upgrade
Other Financing Activities	-14.87	-25.14	-61.92	-53.25	-45.35	-51.34	Upgrade
Financing Cash Flow	-412.96	-1,853	-1,346	-789.35	-1,057	1,323	Upgrade
Foreign Exchange Rate Adjustments	0.16	0.26	0.19	1.06	-1.47	-2.17	Upgrade
Net Cash Flow	613.58	2,027	-4,334	4,506	4,783	4,749	Upgrade
Free Cash Flow	8,086	-2,344	255.97	-2,713	809.36	-4,309	Upgrade
Free Cash Flow Margin	158.51%	-56.26%	6.15%	-75.48%	15.72%	-96.80%	Upgrade
Free Cash Flow Per Share	1.23	-0.37	0.05	-0.50	0.15	-0.80	Upgrade
Cash Interest Paid	775.44	829.49	756.95	716.59	839.37	776.97	Upgrade
Cash Income Tax Paid	459.51	210.67	291.05	322.06	564.22	618.98	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.