Boer Power 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	17.97	31.05	28.9	30.23	12.14
Depreciation & Amortization	14.97	17.14	18.81	18.8	24.05
Other Amortization	0.23	0.1	0.09	0.11	0.1
Loss (Gain) From Sale of Assets	-0.02	3.7	-0.31	-0.02	-94.69
Asset Writedown & Restructuring Costs	-	-	-	-	9.2
Loss (Gain) From Sale of Investments	-	-	-	-	-2.14
Stock-Based Compensation	-	0.93	0.01	2.86	2.97
Provision & Write-off of Bad Debts	0.64	1	2.89	1.2	4.97
Other Operating Activities	6.11	22.21	14.56	15.17	109.52
Change in Accounts Receivable	23.16	-21.15	9.2	-47.76	108.65
Change in Inventory	-3.72	13.04	-12.13	15.23	-12.61
Change in Accounts Payable	58.69	101.79	166.44	161.09	211.73
Operating Cash Flow	118.03	169.8	228.44	196.9	373.89
Operating Cash Flow Growth	-30.49%	-25.67%	16.02%	-47.34%	11.95%
Capital Expenditures	-2.41	-4	-3.75	-3.63	-3.8
Sale of Property, Plant & Equipment	0.03	0	0.03	0.03	2.72
Divestitures	-	-	-	-	-1.33
Sale (Purchase) of Intangibles	-2.87	-0.85	-	-	-0.14
Sale (Purchase) of Real Estate	-	13.52	5.02	-	-
Investment in Securities	-7	-	-	-	-
Other Investing Activities	-36.13	-25.08	-126.12	-47.34	-32.4
Investing Cash Flow	-48.37	-16.41	-124.83	-50.93	-34.94
Long-Term Debt Issued	570.8	296.61	385.79	462.97	770.73
Total Debt Issued	570.8	296.61	385.79	462.97	770.73
Long-Term Debt Repaid	-607.73	-392.84	-467.64	-599.27	-1,046
Total Debt Repaid	-607.73	-392.84	-467.64	-599.27	-1,046
Net Debt Issued (Repaid)	-36.92	-96.23	-81.86	-136.3	-275.14
Common Dividends Paid	-17.26	-	-	-	-
Other Financing Activities	-18.01	-22.9	-30.34	-27.69	-25.76
Financing Cash Flow	-72.2	-119.14	-112.2	-163.99	-300.9
Foreign Exchange Rate Adjustments	0.01	0.15	0.12	0.08	-0.19
Net Cash Flow	-2.53	34.4	-8.47	-17.94	37.87
Free Cash Flow	115.62	165.8	224.69	193.28	370.09
Free Cash Flow Growth	-30.26%	-26.21%	16.25%	-47.78%	11.44%
Free Cash Flow Margin	17.85%	24.37%	38.37%	30.84%	64.63%
Free Cash Flow Per Share	0.15	0.22	0.29	0.26	0.49
Cash Interest Paid	18.01	22.9	30.34	27.69	25.76
Cash Income Tax Paid	3.01	1.41	2.53	0.6	1.68
Levered Free Cash Flow	-4.05	39.71	124.52	159.84	142.59
Unlevered Free Cash Flow	7.2	54.02	143.48	177.15	159.72
Change in Working Capital	78.13	93.68	163.5	128.55	307.76

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.