China Merchants Securities Co., Ltd. (SHA:600999)

SHA:600999 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	12,108	10,386	8,764	8,070	11,645	9,492
Depreciation & Amortization, Total	690.78	690.78	580.74	538.75	522.75	480.91
Gain (Loss) On Sale of Investments	-5,164	-5,164	-3,238	-2,715	-4,388	-4,336
Change in Accounts Receivable	25,402	25,402	-39,599	27,045	-97,811	-85,645
Change in Accounts Payable	19,421	19,421	57,347	20,381	42,413	66,603
Other Operating Activities	-89,823	4,634	5,213	6,026	6,177	4,163
Operating Cash Flow	-38,008	54,726	27,104	62,504	-41,193	-9,805
Capital Expenditures	-666.9	-763.71	-608.24	-560.25	-412.76	-373.71
Investment in Securities	4,357	-17,048	-25,842	-20,665	11,592	853.26
Other Investing Activities	3,679	3,546	2,351	2,096	2,632	2,040
Investing Cash Flow	7,376	-14,261	-24,095	-19,130	13,813	2,521
Long-Term Debt Issued	-	153,623	137,802	75,842	177,929	153,043
Long-Term Debt Repaid	-	-155,068	-121,914	-85,656	-132,735	-123,492
Net Debt Issued (Repaid)	51,216	-1,446	15,888	-9,814	45,194	29,551
Issuance of Common Stock	2,000	-	-	15,000	-	15,488
Repurchase of Common Stock	-	-	-	-15,000	-	-
Common Dividends Paid	-8,981	-8,906	-8,174	-11,174	-9,462	-7,715
Other Financing Activities	-8.01	-6	-12.11	-25.97	-13.23	-3.85
Financing Cash Flow	44,227	-10,358	7,701	-21,014	35,718	37,320
Foreign Exchange Rate Adjustments	92.49	261.51	276.21	1,187	-294.09	-681.56
Net Cash Flow	13,687	30,369	10,986	23,547	8,045	29,354
Free Cash Flow	-38,675	53,963	26,495	61,944	-41,606	-10,179
Free Cash Flow Growth	-	103.67%	-57.23%	-	-	-
Free Cash Flow Margin	-155.05%	258.72%	134.66%	325.05%	-141.92%	-41.98%
Free Cash Flow Per Share	-4.50	6.21	3.05	7.12	-4.78	-1.24
Cash Interest Paid	7,707	7,189	7,379	6,290	6,746	5,176
Cash Income Tax Paid	1,915	1,268	1,722	2,928	3,736	3,902

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