Huili Resources (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	11.59	160.3	167.61	180.84	-16.69
Depreciation & Amortization	34.43	22.8	12.3	10.19	4.27
Loss (Gain) From Sale of Assets	-0.43	-0.23	-0.16	-	-0.42
Asset Writedown & Restructuring Costs	-	-	0.09	-	-
Loss (Gain) From Sale of Investments	-	-	1.51	1.71	-0.57
Provision & Write-off of Bad Debts	41.29	13.25	1.37	-1.36	1.87
Other Operating Activities	-21.21	-2.86	-10.16	12.6	-1.41
Change in Accounts Receivable	293.72	-211.11	-56	56.14	8.39
Change in Inventory	306.97	-334.3	-451.76	-2.92	-
Change in Accounts Payable	-507.77	422.91	451.82	-186.4	91.63
Change in Unearned Revenue	-31.34	48.79	17.82	-36.78	14.32
Change in Other Net Operating Assets	23.46	48.71	-33.66	104.99	-31.13
Operating Cash Flow	150.72	150.95	101.49	136.22	72.34
Operating Cash Flow Growth	-0.15%	48.73%	-25.49%	88.30%	-
Capital Expenditures	-12.01	-53.99	-13.22	-14.21	-
Sale of Property, Plant & Equipment	0.36	0.25	-	-	0.42
Cash Acquisitions	-	7.17	16.45	24.77	-9.6
Divestitures	94	-	-	-	-
Investment in Securities	-	8.64	13.49	-13.5	3.7
Other Investing Activities	12.91	38.05	-8.72	2.86	1.56
Investing Cash Flow	95.26	0.12	7.99	-0.08	-3.92
Short-Term Debt Issued	1.69	-	-	-	-
Long-Term Debt Issued	-	35.85	-	-	-
Total Debt Issued	1.69	35.85	-	-	-
Short-Term Debt Repaid	-0.03	-	-	-	-
Long-Term Debt Repaid	-4.42	-3.77	-2.51	-1.56	-1.6
Total Debt Repaid	-4.45	-3.77	-2.51	-1.56	-1.6
Net Debt Issued (Repaid)	-2.77	32.08	-2.51	-1.56	-1.6
Other Financing Activities	-0.99	-1	-1.32	-0.29	-0.06
Financing Cash Flow	-3.76	31.09	-3.83	-1.85	-1.66
Foreign Exchange Rate Adjustments	-1.73	-0.92	-0.36	-0.85	-0.04
Net Cash Flow	240.49	181.24	105.29	133.44	66.73
Free Cash Flow	138.71	96.97	88.27	122.01	72.34
Free Cash Flow Growth	43.05%	9.85%	-27.65%	68.65%	-
Free Cash Flow Margin	6.13%	2.41%	3.10%	6.05%	4.92%
Free Cash Flow Per Share	0.07	0.05	0.05	0.07	0.04
Cash Interest Paid	0.99	1	0.82	0.29	0.06
Cash Income Tax Paid	22.67	17.67	41.21	16.07	2.92
Levered Free Cash Flow	250.05	-60.25	28.42	129.08	36.84
Unlevered Free Cash Flow	255.04	-55.58	28.94	129.26	36.88
Change in Working Capital	85.05	-24.99	-71.77	-64.96	83.21

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