Xinyi Solar 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	1,008	3,843	3,379	4,012
Depreciation & Amortization	2,024	1,653	1,375	957.93
Other Amortization	1.25	0.66	-	-
Loss (Gain) From Sale of Assets	13.43	28.01	4.08	52.83
Asset Writedown & Restructuring Costs	392.86	-	13.51	-
Loss (Gain) From Sale of Investments	-14.35	-27.18	-83.76	-
Loss (Gain) on Equity Investments	-17.41	-25.53	-27.25	-30.99
Stock-Based Compensation	4.33	46.81	29.96	11.76
Provision & Write-off of Bad Debts	16.2	7.84	42.8	2.47
Other Operating Activities	67.05	320.22	520.74	236.63
Change in Accounts Receivable	-901.55	-2,272	-1,072	-927
Change in Inventory	-912.64	-106.51	-36.78	-1,040
Change in Accounts Payable	-531.44	1,902	891.97	-82.88
Change in Unearned Revenue	2.83	-23.21	16.42	-73.57
Change in Other Net Operating Assets	82.08	-41.92	156.49	-162.29
Operating Cash Flow	1,235	5,305	5,212	2,956
Operating Cash Flow Growth	-76.72%	1.79%	76.30%	-18.06%
Capital Expenditures	-4,602	-8,695	-5,567	-3,747
Sale of Property, Plant & Equipment	27.64	11.01	26.94	2.08
Cash Acquisitions	-	-	-	-3.68
Divestitures	-	-	-	-0.32
Sale (Purchase) of Intangibles	-3.71	-11.32	-	-
Investment in Securities	4.05	-23.67	90.16	21.31
Other Investing Activities	805.29	-699.67	-259.54	-148.07
Investing Cash Flow	-3,769	-9,419	-5,709	-3,876
Long-Term Debt Issued	13,493	9,045	3,312	3,923
Long-Term Debt Repaid	-11,299	-6,853	-3,325	-2,479
Net Debt Issued (Repaid)	2,194	2,192	-13.28	1,444
Issuance of Common Stock	26.86	24.3	16.71	11.57
Common Dividends Paid	-1,584	-1,418	-1,574	-1,652
Other Financing Activities	135.6	1,176	619.5	-460.03
Financing Cash Flow	772.96	1,974	-950.77	-656.48
Foreign Exchange Rate Adjustments	10.46	-53.87	-438.18	83.04
Net Cash Flow	-1,751	-2,194	-1,886	-1,493
Free Cash Flow	-3,367	-3,390	-354.98	-791.11
Free Cash Flow Margin	-15.36%	-14.03%	-1.95%	-6.04%
Free Cash Flow Per Share	-0.38	-0.38	-0.04	-0.09
Cash Interest Paid	476.75	421.18	201.9	86.51
Cash Income Tax Paid	950.7	840.98	656.54	1,003
Levered Free Cash Flow	-2,647	-3,296	100.29	-1,794
Unlevered Free Cash Flow	-2,377	-3,078	209.97	-1,722
Change in Working Capital	-2,261	-541.85	-43.47	-2,286

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