JinkoSolar Holding Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	54.54	3,447	620.51	721.02
Depreciation & Amortization	7,818	8,189	2,760	1,802
Loss (Gain) From Sale of Assets	-707.41	121.73	234.27	363.76
Asset Writedown & Restructuring Costs	1,242	640	373.73	273.71
Loss (Gain) From Sale of Investments	-220.76	-219.56	-101.87	-
Loss (Gain) on Equity Investments	177.01	-222.67	-193.71	-59.81
Stock-Based Compensation	365.75	862.64	1,001	9.88
Provision & Write-off of Bad Debts	138.81	182.78	285.39	82.43
Other Operating Activities	1,692	3,969	1,447	1,039
Change in Accounts Receivable	8,257	-6,973	-8,726	-3,302
Change in Inventory	4,407	-5,556	-7,817	-6,555
Change in Accounts Payable	-4,484	5,564	3,573	2,646
Change in Unearned Revenue	-1,713	-2,275	3,293	3,733
Change in Income Taxes	-312.54	343.85	522.88	141.14
Change in Other Net Operating Assets	135.16	5,752	-3,073	-464.45
Operating Cash Flow	16,850	13,826	-5,801	430.65
Operating Cash Flow Growth	21.87%	-	-	-27.19%
Capital Expenditures	-9,093	-15,652	-12,251	-8,654
Sale of Property, Plant & Equipment	322.6	471.57	714.18	20.46
Cash Acquisitions	-36.6	36.4	-	-
Divestitures	1,162	-	-91.33	-
Sale (Purchase) of Intangibles	-275.82	-198.68	-42.42	-32.26
Investment in Securities	165.45	-1,352	-720.67	10
Other Investing Activities	4,830	1,535	142.66	-2,654
Investing Cash Flow	-2,902	-15,160	-12,272	-11,309
Short-Term Debt Issued	103.27	5,209	8,552	2,737
Long-Term Debt Issued	28,862	25,130	29,664	32,579
Total Debt Issued	28,966	30,340	38,215	35,317
Short-Term Debt Repaid	-14,604	-142.5	-	-
Long-Term Debt Repaid	-22,788	-21,135	-27,841	-24,567
Total Debt Repaid	-37,392	-21,278	-27,841	-24,567
Net Debt Issued (Repaid)	-8,426	9,062	10,374	10,750
Issuance of Common Stock	3.69	45.29	5.02	651.25
Repurchase of Common Stock	-874.96	-379.37	-	-
Common Dividends Paid	-547.69	-559.6	-	-
Other Financing Activities	3,577	472.56	9,639	616.8
Financing Cash Flow	-6,268	8,641	20,019	12,018
Foreign Exchange Rate Adjustments	630.89	848.97	227.96	-116.79
Net Cash Flow	8,311	8,156	2,174	1,022
Free Cash Flow	7,757	-1,826	-18,052	-8,223
Free Cash Flow Margin	8.41%	-1.54%	-21.72%	-20.14%
Free Cash Flow Per Share	147.77	-32.30	-360.31	-159.89
Cash Interest Paid	827.1	1,118	1,073	801.87
Cash Income Tax Paid	1,688	1,784	400.34	157.37
Levered Free Cash Flow	630.87	3,051	2,860	-9,661
Unlevered Free Cash Flow	1,345	3,782	3,535	-9,137
Change in Working Capital	6,290	-3,144	-12,227	-3,801

Source: S&P Global Market Intelligence. Standard template. Financial Sources.