Tiande Chemical Holdings 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	62.5	66.88	211.07	870.92	379.65
Depreciation & Amortization	190.13	177.3	138.16	129.22	125.36
Loss (Gain) From Sale of Assets	-0.93	0.05	-0.05	-0.25	0.13
Asset Writedown & Restructuring Costs	3.09	1.61	1.4	0.7	20.28
Stock-Based Compensation	-	-	0.63	1.93	0.79
Provision & Write-off of Bad Debts	0.31	1.6	0.45	-0.23	0.52
Other Operating Activities	-71.03	-37.36	-78.24	92.96	108.7
Change in Accounts Receivable	-64.56	59.37	380.88	-253.87	-268.79
Change in Inventory	-42.72	-10.59	34.36	29.38	-102.37
Change in Accounts Payable	190.4	137.63	-23.74	-20	3.08
Change in Unearned Revenue	10.73	-1.05	-15.7	4.09	6.97
Operating Cash Flow	277.93	395.43	649.23	854.84	274.33
Operating Cash Flow Growth	-29.72%	-39.09%	-24.05%	211.61%	60.87%
Capital Expenditures	-186.15	-199.76	-318.47	-262.1	-213.47
Sale of Property, Plant & Equipment	1.12	0.52	0.19	0.27	2.42
Investment in Securities	-101.23	-53.88	-242	-197.46	-
Other Investing Activities	33.65	33.47	16.85	-10.16	126.66
Investing Cash Flow	-252.61	-219.65	-543.42	-469.45	-84.39
Short-Term Debt Issued	231.98	196.38	11	10	61.68
Total Debt Issued	231.98	196.38	11	10	61.68
Short-Term Debt Repaid	-336.17	-96.24	-51	-120	-123.66
Total Debt Repaid	-336.17	-96.24	-51	-120	-123.66
Net Debt Issued (Repaid)	-104.19	100.13	-40	-110	-61.99
Issuance of Common Stock	0.83	6.75	-	18.06	-
Common Dividends Paid	-24.22	-96.63	-186.65	-243.29	-21.42
Other Financing Activities	-11.12	-3.61	-5.9	-1.89	-5.36
Financing Cash Flow	-138.7	6.65	-232.55	-337.13	-88.77
Foreign Exchange Rate Adjustments	-13.89	0.19	7.67	20.05	-0.14
Net Cash Flow	-127.27	182.61	-119.06	68.32	101.04
Free Cash Flow	91.78	195.67	330.76	592.74	60.86
Free Cash Flow Growth	-53.10%	-40.84%	-44.20%	873.96%	-
Free Cash Flow Margin	4.84%	10.44%	15.90%	16.84%	2.35%
Free Cash Flow Per Share	0.10	0.22	0.38	0.68	0.07
Cash Interest Paid	11.12	3.61	5.9	1.89	5.36
Cash Income Tax Paid	47.98	11.7	133.84	319.42	55.48
Levered Free Cash Flow	-8.7	26.66	391.23	406.55	96.95
Unlevered Free Cash Flow	-1.78	28.99	391.34	408.28	100.98
Change in Working Capital	93.86	185.35	375.81	-240.41	-361.11

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