Canggang Railway 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	57.88	56.46	58.98	68.08	77.39
Depreciation & Amortization	34.44	35.67	38.24	38.06	36.74
Loss (Gain) From Sale of Assets	-0.73	0.16	-0.9	1.54	-1.46
Loss (Gain) From Sale of Investments	-33.69	-19.45	0.17	-0.08	-
Loss (Gain) on Equity Investments	0	-	-	0.85	0.06
Provision & Write-off of Bad Debts	3.44	-0.06	0.29	-0.27	-1.54
Other Operating Activities	28.15	30.75	17.2	23.44	25.81
Change in Accounts Receivable	6.48	13.25	-41.71	15.2	-10.33
Change in Inventory	-30.98	9.43	-11.16	-42.36	0.32
Change in Accounts Payable	1.73	0.53	-12.37	3.31	-10.06
Change in Unearned Revenue	17.34	-0.84	4.74	-0.12	-0.02
Operating Cash Flow	84.05	125.9	53.48	107.66	116.89
Operating Cash Flow Growth	-33.24%	135.43%	-50.33%	-7.90%	-27.45%
Capital Expenditures	-133.15	-77.71	-56.01	-64.51	-42
Sale of Property, Plant & Equipment	7.15	3.17	4.09	5.44	8.72
Investment in Securities	0.68	-15.25	5.16	-	-4.12
Other Investing Activities	33.91	2.02	3.31	2.67	2.13
Investing Cash Flow	-91.41	-58.76	-72.45	-56.4	-35.28
Long-Term Debt Issued	120	245	221	296.5	42
Long-Term Debt Repaid	-112.5	-216.32	-186.66	-209.09	-126.97
Total Debt Repaid	-112.5	-216.32	-186.66	-209.09	-126.97
Net Debt Issued (Repaid)	7.5	28.68	34.34	87.41	-84.97
Repurchase of Common Stock	-	-	-44.63	-49.92	-
Common Dividends Paid	-23.15	-22	-27.37	-31.76	-39.19
Other Financing Activities	-24.9	-29.26	-24.86	-24.34	-23.58
Financing Cash Flow	-40.55	-22.58	-62.52	-18.6	-147.75
Foreign Exchange Rate Adjustments	-0.03	-0.95	0.08	0.36	-0.22
Net Cash Flow	-47.94	43.6	-81.41	33.01	-66.35
Free Cash Flow	-49.1	48.19	-2.54	43.14	74.89
Free Cash Flow Growth	-	-	-	-42.39%	-47.20%
Free Cash Flow Margin	-17.65%	18.61%	-0.73%	12.94%	21.04%
Free Cash Flow Per Share	-0.01	0.01	-0.00	0.01	0.02
Cash Interest Paid	24.9	29.26	24.86	24.34	23.58
Cash Income Tax Paid	21.29	15.43	32.88	21.35	22.7
Levered Free Cash Flow	-69.29	28.25	-58.73	-22.11	52.76
Unlevered Free Cash Flow	-51.41	46.74	-43.19	-6.85	67.29
Change in Working Capital	-5.44	22.37	-60.5	-23.97	-20.1

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