GCL New Energy Holdings 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	-424.04	-1,166	-1,493	-790.27
Depreciation & Amortization	68.85	261.47	320.68	921.84
Loss (Gain) on Sale of Assets	-11.64	500.18	60.35	-85.19
Loss (Gain) on Sale of Investments	15.32	-	-	-
Loss (Gain) on Equity Investments	-111.04	-112.36	-122.79	-99.48
Asset Writedown	-	85.94	358.97	294.21
Stock-Based Compensation	4.27	9.17	17.12	20.72
Change in Accounts Receivable	-293.68	-106.3	504.65	-5,953
Change in Inventory	-191.5	-	-	-
Change in Accounts Payable	-4.98	325.91	381.11	4,681
Change in Unearned Revenue	125.46	-	-	-
Change in Other Net Operating Assets	10.44	-26.89	176.92	-123.3
Other Operating Activities	264	466.22	667.71	1,676
Operating Cash Flow	-400.12	393.28	1,258	602.58
Operating Cash Flow Growth	-	-68.75%	108.82%	-85.78%
Capital Expenditures	-25.31	-516.04	-696.73	-2,960
Sale of Property, Plant & Equipment	1.23	0.07	29.62	-
Divestitures	106.06	1,940	1,979	4,456
Investment in Securities	-148.09	-	-1.93	-
Other Investing Activities	323.11	147.51	225.44	472.19
Investing Cash Flow	257	1,572	1,536	1,968
Short-Term Debt Issued	8.51	33.22	29.08	32.72
Long-Term Debt Issued	10	409.26	1,654	1,370
Total Debt Issued	18.51	442.48	1,683	1,403
Short-Term Debt Repaid	-40.41	-0.62	-0.16	-211.43
Long-Term Debt Repaid	-115.75	-2,290	-3,909	-1,984
Total Debt Repaid	-156.15	-2,291	-3,909	-2,196
Net Debt Issued (Repaid)	-137.64	-1,848	-2,226	-793.14
Issuance of Common Stock	55.13	-	269.72	759.49
Other Financing Activities	-46.57	-412	-631.85	-3,117
Financing Cash Flow	-129.09	-2,260	-2,588	-3,151
Foreign Exchange Rate Adjustments	1.24	1.17	34.76	-1.96
Net Cash Flow	-270.96	-294.38	240.93	-582.1
Free Cash Flow	-425.43	-122.76	561.59	-2,358
Free Cash Flow Margin	-38.40%	-14.76%	60.45%	-82.87%
Free Cash Flow Per Share	-0.32	-0.10	0.51	-2.27
Cash Interest Paid	45.55	394.12	614.89	1,235
Cash Income Tax Paid	2.36	15.58	19.95	43.8
Levered Free Cash Flow	-79.69	1,573	1,333	-1,757
Unlevered Free Cash Flow	-47.56	1,850	1,691	-770.45
Change in Working Capital	-354.25	192.72	1,063	-1,395

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