Xinyi Solar Holdings Limited (HKG:0968)
Hong Kong · Delayed Price · Currency is HKD 2.395
+0.030 (1.27%)
Aug 21, 2026, 4:08 PM HKT
Xinyi Solar Holdings Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 137.79 | 844.53 | 1,008 | 3,843 | 3,379 | 4,012 |
Depreciation & Amortization | 2,050 | 2,172 | 2,024 | 1,653 | 1,375 | 957.93 |
Other Amortization | 1.56 | 1.56 | 1.25 | 0.66 | - | - |
Loss (Gain) From Sale of Assets | -130.42 | -130.42 | 14.19 | 28.01 | 4.08 | 52.83 |
Asset Writedown & Restructuring Costs | 2,322 | 2,322 | 392.86 | - | 13.51 | - |
Loss (Gain) From Sale of Investments | -24.47 | -24.47 | -14.35 | -27.18 | -83.76 | - |
Loss (Gain) on Equity Investments | -14.37 | -14.37 | -17.41 | -25.53 | -27.25 | -30.99 |
Stock-Based Compensation | 17.23 | 17.23 | 4.33 | 46.81 | 29.96 | 11.76 |
Provision & Write-off of Bad Debts | 13.32 | 13.32 | 16.2 | 7.84 | 42.8 | 2.47 |
Other Operating Activities | 489.5 | -3.82 | 66.3 | 320.22 | 520.74 | 236.63 |
Change in Accounts Receivable | -61.45 | -61.45 | -901.55 | -2,272 | -1,072 | -927 |
Change in Inventory | 1,197 | 1,197 | -912.64 | -106.51 | -36.78 | -1,040 |
Change in Accounts Payable | -735.32 | -735.32 | -531.44 | 1,902 | 891.97 | -82.88 |
Change in Unearned Revenue | 10.92 | 10.92 | 2.83 | -23.21 | 16.42 | -73.57 |
Change in Other Net Operating Assets | 43.7 | 43.7 | 82.08 | -41.92 | 156.49 | -162.29 |
Operating Cash Flow | 5,320 | 5,656 | 1,235 | 5,305 | 5,212 | 2,956 |
Operating Cash Flow Growth | 220.96% | 357.95% | -76.72% | 1.79% | 76.30% | -18.06% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1,927 | -2,447 | -4,602 | -8,695 | -5,567 | -3,747 |
Sale of Property, Plant & Equipment | 144.84 | 138.28 | 27.64 | 11.01 | 26.94 | 2.08 |
Cash Acquisitions | -58.78 | - | - | - | - | -3.68 |
Divestitures | 498.67 | 498.67 | - | - | - | -0.32 |
Sale (Purchase) of Intangibles | -0.03 | - | -3.71 | -11.32 | - | - |
Investment in Securities | 23.84 | -0.56 | 4.05 | -23.67 | 90.16 | 21.31 |
Other Investing Activities | 111.24 | 61.2 | 805.29 | -699.67 | -259.54 | -148.07 |
Investing Cash Flow | -1,207 | -1,749 | -3,769 | -9,419 | -5,709 | -3,876 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 8,367 | 13,493 | 9,045 | 3,312 | 3,923 |
Long-Term Debt Repaid | - | -7,952 | -11,299 | -6,853 | -3,325 | -2,479 |
Net Debt Issued (Repaid) | -879.45 | 414.41 | 2,194 | 2,192 | -13.28 | 1,444 |
Issuance of Common Stock | - | - | 26.86 | 24.3 | 16.71 | 11.57 |
Common Dividends Paid | -153.29 | -153.29 | -1,584 | -1,418 | -1,574 | -1,652 |
Other Financing Activities | -24.27 | -0.33 | 135.6 | 1,176 | 619.5 | -460.03 |
Financing Cash Flow | -1,057 | 260.79 | 772.96 | 1,974 | -950.77 | -656.48 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -19.9 | -3.1 | 10.46 | -53.87 | -438.18 | 83.04 |
Net Cash Flow | 3,037 | 4,165 | -1,751 | -2,194 | -1,886 | -1,493 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 3,394 | 3,209 | -3,367 | -3,390 | -354.98 | -791.11 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | 18.48% | 15.38% | -15.36% | -14.03% | -1.95% | -6.04% |
Free Cash Flow Per Share | 0.37 | 0.35 | -0.38 | -0.38 | -0.04 | -0.09 |
Levered Free Cash Flow | 2,910 | 2,183 | -2,426 | -3,102 | 100.29 | -1,794 |
Unlevered Free Cash Flow | 3,113 | 2,395 | -2,156 | -2,884 | 209.97 | -1,722 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 364.73 | 361.2 | 476.75 | 421.18 | 201.9 | 86.51 |
Cash Income Tax Paid | 492.75 | 289.75 | 950.7 | 840.98 | 656.54 | 1,003 |
Change in Working Capital | 454.84 | 454.84 | -2,261 | -541.85 | -43.47 | -2,286 |