Angang Steel Company 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
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
Net Income	-4,068	-7,122	-3,255	108	6,964
Depreciation & Amortization	4,103	4,104	3,965	3,839	3,980
Other Amortization	258	-	-	-	-
Loss (Gain) From Sale of Assets	-16	-92	-1	-16	-52
Asset Writedown & Restructuring Costs	15	85	23	41	389
Loss (Gain) From Sale of Investments	-546	-551	-323	-227	-340
Provision & Write-off of Bad Debts	1	4	-16	-62	88
Other Operating Activities	693	854	136	-48	571
Change in Accounts Receivable	-493	-666	3,280	-3,363	-14
Change in Inventory	2,417	1,143	-3,105	5,833	-8,383
Change in Accounts Payable	-672	1,457	1,926	687	9,127
Change in Other Net Operating Assets	57	16	-44	11	-23
Operating Cash Flow	1,788	-787	1,637	6,139	12,935
Operating Cash Flow Growth	-	-	-73.33%	-52.54%	30.45%
Capital Expenditures	-4,634	-3,251	-3,063	-4,249	-4,579
Sale of Property, Plant & Equipment	98	90	16	21	83
Investment in Securities	86	-1,039	-150	-100	-15
Other Investing Activities	551	473	244	359	282
Investing Cash Flow	-3,899	-3,727	-2,953	-3,969	-4,229
Long-Term Debt Issued	21,426	19,359	10,300	3,048	4,929
Total Debt Issued	21,426	19,359	10,300	3,048	4,929
Short-Term Debt Repaid	-	-	-	-	-70
Long-Term Debt Repaid	-19,624	-13,456	-10,538	-3,192	-12,515
Total Debt Repaid	-19,624	-13,456	-10,538	-3,192	-12,585
Net Debt Issued (Repaid)	1,802	5,903	-238	-144	-7,656
Issuance of Common Stock	-	-	-	-	215
Repurchase of Common Stock	-26	-1	-30	-4	-
Common Dividends Paid	-338	-256	-300	-2,402	-1,177
Other Financing Activities	33	93	-64	75	-76
Financing Cash Flow	1,471	5,739	-632	-2,475	-8,694
Foreign Exchange Rate Adjustments	-	-	33	-	-
Net Cash Flow	-640	1,225	-1,915	-305	12
Free Cash Flow	-2,846	-4,038	-1,426	1,890	8,356
Free Cash Flow Growth	-	-	-	-77.38%	36.14%
Free Cash Flow Margin	-2.96%	-3.84%	-1.23%	1.44%	6.14%
Free Cash Flow Per Share	-0.30	-0.43	-0.15	0.19	0.86
Cash Income Tax Paid	1,526	1,067	1,331	2,886	4,821
Levered Free Cash Flow	-3,026	828.75	1,816	3,139	6,085
Unlevered Free Cash Flow	-2,819	1,007	1,996	3,383	6,446
Change in Working Capital	1,348	1,931	1,108	2,504	1,335

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