West China Cement Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	626.18	421.28	1,215	1,585
Depreciation & Amortization	1,319	1,338	1,286	1,081
Other Amortization	5.58	5.85	4.08	3.59
Loss (Gain) From Sale of Assets	-10.73	243.86	11.66	5.98
Asset Writedown & Restructuring Costs	122.21	69.59	-	117.15
Loss (Gain) From Sale of Investments	-0.68	53.57	63.85	-88.23
Loss (Gain) on Equity Investments	-2.14	3.4	6.41	-1.71
Provision & Write-off of Bad Debts	29.22	21.94	17.99	101.68
Other Operating Activities	114.34	385.57	-0.41	-19.33
Change in Accounts Receivable	-258.45	-38.89	-13.37	-267.34
Change in Inventory	-785.26	-192.32	-253.94	-367.36
Change in Accounts Payable	362.14	130.24	-303.86	-276.85
Change in Unearned Revenue	527.85	261.53	48.53	-2.67
Operating Cash Flow	2,043	2,700	2,135	1,960
Operating Cash Flow Growth	-24.35%	26.50%	8.92%	-26.94%
Capital Expenditures	-2,053	-2,865	-2,848	-3,401
Sale of Property, Plant & Equipment	288.1	42.11	72.17	63.55
Cash Acquisitions	-78.25	-79.45	-717.73	-108.73
Divestitures	29.97	-	-	-5.03
Sale (Purchase) of Intangibles	-163.61	-34.8	-57.28	-160.97
Sale (Purchase) of Real Estate	-	-	-16.19	-
Investment in Securities	-	-2.44	22.95	-598.32
Other Investing Activities	-89.51	-491.47	145.46	539.22
Investing Cash Flow	-1,878	-3,353	-3,255	-3,517
Long-Term Debt Issued	4,668	3,881	3,234	7,841
Total Debt Issued	4,668	3,881	3,234	7,841
Long-Term Debt Repaid	-3,787	-2,798	-3,379	-2,454
Total Debt Repaid	-3,787	-2,798	-3,379	-2,454
Net Debt Issued (Repaid)	880.23	1,083	-145.26	5,387
Issuance of Common Stock	23.86	-	-	-
Common Dividends Paid	-125.45	-364.41	-473.18	-471.05
Other Financing Activities	-693.18	-578.72	-481.85	-276.42
Financing Cash Flow	85.46	139.81	-1,100	4,453
Foreign Exchange Rate Adjustments	-15.44	11.83	137.14	-40.19
Net Cash Flow	234.47	-501.61	-2,083	2,856
Free Cash Flow	-10.45	-165.01	-713.38	-1,442
Free Cash Flow Margin	-0.13%	-1.83%	-8.40%	-18.02%
Free Cash Flow Per Share	-0.00	-0.03	-0.13	-0.27
Cash Interest Paid	509.22	504.85	463	272.35
Cash Income Tax Paid	396.73	281.52	222.95	300.17
Levered Free Cash Flow	1,079	-1,806	-70.02	-1,020
Unlevered Free Cash Flow	1,253	-1,624	177.07	-867.59
Change in Working Capital	-153.72	160.56	-522.64	-914.22

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