Sealand Securities Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	769.22	428.38	326.96	249.25	764.62	Upgrade
Depreciation & Amortization, Total	142.22	237.28	233.42	216.46	206.29	Upgrade
Gain (Loss) On Sale of Investments	-250.05	-129.8	-253.01	92.83	-313.82	Upgrade
Change in Accounts Receivable	-2,587	118.76	-324.82	1,964	-2,171	Upgrade
Change in Accounts Payable	6,874	-9,077	-3,705	-2,020	2,394	Upgrade
Other Operating Activities	302.61	368.99	572.4	608.28	869.77	Upgrade
Operating Cash Flow	4,268	-2,244	436.15	-2,526	1,057	Upgrade
Capital Expenditures	-92.64	-100.77	-180.18	-187.07	-247.16	Upgrade
Investment in Securities	-1,134	6,088	-3,467	7,644	4,761	Upgrade
Other Investing Activities	209.3	135.31	222.69	363.77	270.66	Upgrade
Investing Cash Flow	-1,017	6,123	-3,424	7,821	4,784	Upgrade
Long-Term Debt Issued	9,770	914.79	5,334	5,944	7,601	Upgrade
Long-Term Debt Repaid	-7,825	-2,143	-9,026	-6,024	-7,408	Upgrade
Net Debt Issued (Repaid)	1,945	-1,229	-3,692	-80.58	193.49	Upgrade
Issuance of Common Stock	-	-	3,180	-	-	Upgrade
Common Dividends Paid	-565.49	-598.95	-772.02	-655.52	-1,205	Upgrade
Other Financing Activities	-25.22	-25.14	-61.92	-53.25	-45.35	Upgrade
Financing Cash Flow	1,354	-1,853	-1,346	-789.35	-1,057	Upgrade
Foreign Exchange Rate Adjustments	-0.35	0.26	0.19	1.06	-1.47	Upgrade
Net Cash Flow	4,604	2,027	-4,334	4,506	4,783	Upgrade
Free Cash Flow	4,175	-2,344	255.97	-2,713	809.36	Upgrade
Free Cash Flow Margin	121.44%	-73.92%	6.15%	-75.48%	15.72%	Upgrade
Free Cash Flow Per Share	0.65	-0.37	0.05	-0.50	0.15	Upgrade
Cash Interest Paid	751.18	829.49	756.95	716.59	839.37	Upgrade
Cash Income Tax Paid	540.61	210.67	291.05	322.06	564.22	Upgrade

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