Concord New Energy Group 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	805.13	963.77	871.82	787.53
Depreciation & Amortization	892.73	733.16	592.12	488.71
Loss (Gain) on Sale of Assets	-30.36	-484.58	-254.33	-259.37
Loss (Gain) on Sale of Investments	-1.65	-0.21	-82.74	-50.9
Loss (Gain) on Equity Investments	-177.66	-189.48	-171.12	-152.51
Asset Writedown	-	-	39.14	-
Stock-Based Compensation	5.82	13.38	29.52	8.88
Change in Accounts Receivable	-398.75	-312.71	163.14	-356.35
Change in Inventory	-106.47	-26.5	-31.52	-15.85
Change in Accounts Payable	421.3	478.9	184.45	-59.47
Change in Unearned Revenue	-27.47	-6.83	-79.98	75.62
Change in Other Net Operating Assets	236.44	-220.86	493.78	214.26
Other Operating Activities	571.07	521.64	609.98	628.34
Net Cash from Discontinued Operations	-	109.12	35.78	-
Operating Cash Flow	2,191	1,581	2,400	1,303
Operating Cash Flow Growth	38.60%	-34.14%	84.14%	35.05%
Capital Expenditures	-4,259	-3,752	-4,254	-2,988
Sale of Property, Plant & Equipment	5.7	14.69	1.2	0.5
Cash Acquisitions	-23.75	-	-	-0.02
Divestitures	52.11	298.65	711.53	995.8
Investment in Securities	15.73	9.26	-279.79	159.91
Other Investing Activities	791.34	-1,158	49.44	-127.49
Investing Cash Flow	-3,418	-4,588	-3,772	-1,960
Long-Term Debt Issued	6,445	7,899	4,275	5,259
Long-Term Debt Repaid	-4,862	-4,495	-1,909	-2,472
Net Debt Issued (Repaid)	1,583	3,404	2,365	2,786
Repurchase of Common Stock	-68.12	-301	-239.45	-18.41
Common Dividends Paid	-258.89	-278.49	-231.32	-208.86
Other Financing Activities	-730.77	-851.22	-617.2	-668.13
Financing Cash Flow	525.04	1,974	1,277	1,891
Foreign Exchange Rate Adjustments	10.65	7.76	54.86	-4.7
Net Cash Flow	-691.68	-1,026	-39.43	1,230
Free Cash Flow	-2,069	-2,171	-1,854	-1,685
Free Cash Flow Margin	-75.16%	-83.89%	-77.24%	-76.74%
Free Cash Flow Per Share	-0.26	-0.26	-0.21	-0.20
Cash Interest Paid	708.25	733.44	637	562.67
Cash Income Tax Paid	133.11	176.3	126.9	75.22
Levered Free Cash Flow	-4,246	-3,302	-2,520	-1,266
Unlevered Free Cash Flow	-3,818	-2,899	-2,179	-987.59
Change in Working Capital	125.05	-88	729.87	-141.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.