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

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