MIE Holdings 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	-502.94	-328.96	-157.53	2,379	-338.36
Depreciation & Amortization	357.26	380.26	383.29	400.23	90.87
Other Amortization	-	-	-	0	-
Asset Writedown & Restructuring Costs	136.03	93.4	-	46.76	-
Loss (Gain) From Sale of Investments	-	-	23.36	1.51	17.73
Stock-Based Compensation	-	-	-	-	3.99
Other Operating Activities	324.62	306.32	275.02	-2,027	787.42
Change in Accounts Receivable	14.85	2.07	10.97	-24.73	-115.63
Change in Inventory	-1.26	0.91	-7.74	4.56	2.28
Change in Accounts Payable	52.55	39.68	-12.4	18.37	41.64
Operating Cash Flow	381.1	493.67	514.96	798.13	489.93
Operating Cash Flow Growth	-22.80%	-4.13%	-35.48%	62.91%	162.20%
Capital Expenditures	-119.7	-203.43	-301.65	-484.64	-450.92
Cash Acquisitions	-	-	-	-	-12.87
Divestitures	0.11	-	31.96	-	-
Other Investing Activities	-90.16	-52.43	-28.31	-10.17	-
Investing Cash Flow	-209.75	-255.86	-298	-494.81	-463.78
Long-Term Debt Repaid	-146.61	-219.62	-281.63	-197.48	-8.74
Total Debt Repaid	-146.61	-219.62	-281.63	-197.48	-8.74
Net Debt Issued (Repaid)	-146.61	-219.62	-281.63	-197.48	-8.74
Issuance of Common Stock	-	-	-	4.5	-
Other Financing Activities	-0.86	-0.89	-0.67	-31.23	-
Financing Cash Flow	-147.47	-220.51	-282.3	-224.21	-8.74
Foreign Exchange Rate Adjustments	-1.07	-8.33	7.9	4.73	-1.28
Net Cash Flow	22.82	8.98	-57.44	83.85	16.14
Free Cash Flow	261.4	290.25	213.31	313.5	39.02
Free Cash Flow Growth	-9.94%	36.07%	-31.96%	703.49%	85.80%
Free Cash Flow Margin	37.00%	32.34%	20.59%	21.90%	3.83%
Free Cash Flow Per Share	0.08	0.09	0.06	0.09	0.01
Cash Interest Paid	0.86	0.89	0.67	1.1	71.06
Cash Income Tax Paid	67.15	99.16	155.48	145.58	11.53
Levered Free Cash Flow	-34.42	-51.92	308.28	-1,591	-157.56
Unlevered Free Cash Flow	195.01	170.85	523.91	-1,298	327.09
Change in Working Capital	66.14	42.65	-9.18	-1.8	-71.72

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