Ko Yo Chemical (Group) 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	-747.18	-505.4	-152.34	201.56	379.24
Depreciation & Amortization	199.33	212.76	170.52	220.24	197.35
Loss (Gain) From Sale of Assets	2.07	12.83	2.67	4.15	-114.66
Asset Writedown & Restructuring Costs	287	-	-	-5.5	-
Stock-Based Compensation	-	0.51	1.4	3.17	193.63
Other Operating Activities	90.75	127.61	181.12	99.52	150.13
Change in Accounts Receivable	-0.67	-23.66	10.54	225.67	-271.89
Change in Inventory	18.29	35.72	25.23	-79.44	-39.57
Change in Accounts Payable	212.16	41.26	43.21	43.42	-16.34
Change in Unearned Revenue	97.98	-4.97	-57.87	2.51	-42.58
Operating Cash Flow	159.74	-103.34	224.47	715.3	435.3
Operating Cash Flow Growth	-	-	-68.62%	64.33%	6520.47%
Capital Expenditures	-100.7	-8.24	-218.78	-774.13	-663.45
Sale of Property, Plant & Equipment	52.57	-	1.81	0.74	0.43
Cash Acquisitions	-	-	-	-24.53	-
Sale (Purchase) of Real Estate	-	-	2.09	-	-
Investment in Securities	-0.5	-	-	20	-20
Other Investing Activities	512.58	288.7	-503.63	-379.87	32.76
Investing Cash Flow	463.95	280.47	-718.51	-1,158	-650.26
Long-Term Debt Issued	472.26	940.59	1,154	445	836.5
Long-Term Debt Repaid	-1,018	-1,448	-775.36	-220.99	-242.64
Net Debt Issued (Repaid)	-546.08	-506.92	378.49	224.01	593.86
Other Financing Activities	-41.19	274.35	-45.92	48.77	-
Financing Cash Flow	-587.27	-232.57	332.57	272.77	593.86
Foreign Exchange Rate Adjustments	-1	0.61	0.34	0.52	-0.17
Net Cash Flow	35.41	-54.83	-161.13	-169.2	378.72
Free Cash Flow	59.04	-111.57	5.69	-58.83	-228.16
Free Cash Flow Margin	2.73%	-4.29%	0.20%	-1.84%	-7.44%
Free Cash Flow Per Share	0.01	-0.02	0.00	-0.00	-0.03
Cash Interest Paid	106.11	125.47	62.87	160.29	87.83
Cash Income Tax Paid	0.52	41.34	39.62	139.36	0.31
Levered Free Cash Flow	366.17	270.21	-642.07	454.12	-438.25
Unlevered Free Cash Flow	495.2	429.35	-489.81	609.23	-336.72
Change in Working Capital	327.76	48.35	21.11	192.16	-370.38

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