Sinopec Oilfield Service 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	658.84	631.61	589.22	475.9	179.79
Depreciation & Amortization	3,683	3,881	3,826	3,792	3,589
Other Amortization	3,271	3,228	2,649	2,293	2,152
Loss (Gain) From Sale of Assets	-49.08	-75.4	-87.84	-25.89	-88.72
Asset Writedown & Restructuring Costs	-42.38	-54.71	-63.71	32.09	-13.01
Loss (Gain) From Sale of Investments	-33.3	274.4	-55.03	-26.96	-38.26
Provision & Write-off of Bad Debts	-136.09	-574.07	-138.66	14.94	22.49
Other Operating Activities	831.47	613.95	586.92	685.9	797.94
Change in Accounts Receivable	1,019	-2,315	-4,410	-5,522	-147.66
Change in Inventory	-115.5	194	-87.95	-30.35	-40.41
Change in Accounts Payable	-2,469	-2,765	2,799	2,522	-286.87
Operating Cash Flow	6,646	3,101	5,577	4,198	6,207
Operating Cash Flow Growth	114.33%	-44.40%	32.85%	-32.37%	38.80%
Capital Expenditures	-2,764	-3,681	-4,154	-3,893	-3,341
Sale of Property, Plant & Equipment	206.82	217.56	75.96	61.99	83.5
Divestitures	-	-	11.98	-	-
Investment in Securities	9	-	-	-125	0.01
Other Investing Activities	13.13	5.36	6.28	4.85	3.73
Investing Cash Flow	-2,535	-3,458	-4,059	-3,951	-3,253
Long-Term Debt Issued	33,148	34,289	27,352	44,571	60,848
Long-Term Debt Repaid	-35,249	-32,504	-27,157	-44,995	-61,667
Net Debt Issued (Repaid)	-2,101	1,785	194.7	-424.13	-818.57
Repurchase of Common Stock	-41.97	-3.57	-	-	-
Common Dividends Paid	-625.25	-673.05	-	-604.29	-611.44
Other Financing Activities	-67.31	-63.66	-752.92	-22.83	-518.19
Financing Cash Flow	-2,835	1,045	-558.23	-1,051	-1,948
Foreign Exchange Rate Adjustments	-53.31	-34.44	28.34	130.39	-53.31
Net Cash Flow	1,223	652.6	987.65	-674.16	951.95
Free Cash Flow	3,882	-580.53	1,423	304.87	2,866
Free Cash Flow Growth	-	-	366.86%	-89.36%	5.02%
Free Cash Flow Margin	4.81%	-0.72%	1.78%	0.41%	4.12%
Free Cash Flow Per Share	0.21	-0.03	0.07	0.02	0.15
Cash Interest Paid	-	-	712.65	-	613.54
Cash Income Tax Paid	2,671	2,526	1,866	202.79	1,130
Levered Free Cash Flow	-2,196	166.36	3,607	2,868	6,050
Unlevered Free Cash Flow	-1,740	634.64	4,110	3,308	6,504
Change in Working Capital	-1,538	-4,825	-1,729	-3,042	-393.91

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