Great Wall Motor Company 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	9,865	12,660	7,022	8,266	6,726
Depreciation & Amortization	10,753	9,806	7,721	6,541	5,528
Other Amortization	538.18	359.97	107.36	68.06	65.2
Loss (Gain) From Sale of Assets	-104.03	-4.83	-0.1	-4.86	27.69
Asset Writedown & Restructuring Costs	41.37	169.09	23.56	81.59	470.6
Loss (Gain) From Sale of Investments	-787.25	-974.05	-872.38	-941.58	-1,537
Provision & Write-off of Bad Debts	10.05	21.96	71.37	25.47	112.76
Other Operating Activities	663.18	1,526	1,020	48.73	-353.5
Change in Accounts Receivable	15,583	-11,173	-6,123	9,306	15,290
Change in Inventory	-1,180	359.21	-4,968	-8,842	-7,043
Change in Accounts Payable	6,140	15,162	14,612	-2,373	15,907
Change in Other Net Operating Assets	225.83	609.38	372.51	863.79	1,063
Operating Cash Flow	40,355	27,771	17,754	12,311	35,316
Operating Cash Flow Growth	45.31%	56.43%	44.21%	-65.14%	581.61%
Capital Expenditures	-11,509	-11,878	-16,713	-16,301	-13,091
Sale of Property, Plant & Equipment	598.03	655.16	483.94	441.51	618.07
Cash Acquisitions	-	-	-	-	-702.94
Divestitures	-	-49.16	-38.84	25.07	-
Investment in Securities	-18,240	-12,348	4,223	4,754	1,105
Other Investing Activities	-3.02	184.12	1,594	575.66	896.58
Investing Cash Flow	-29,154	-23,436	-10,451	-10,505	-11,175
Long-Term Debt Issued	13,350	19,427	19,755	22,584	14,514
Long-Term Debt Repaid	-22,316	-28,652	-19,901	-14,253	-14,895
Net Debt Issued (Repaid)	-8,966	-9,225	-145.32	8,331	-381.51
Issuance of Common Stock	112.6	1,071	681.64	357.26	807.33
Repurchase of Common Stock	-104.96	-111.92	-2,160	-6,861	-8.19
Common Dividends Paid	-4,379	-3,347	-3,538	-1,226	-5,878
Other Financing Activities	-107.46	-396.29	6,215	-3,735	-4,172
Financing Cash Flow	-13,445	-12,009	1,052	-3,133	-9,632
Foreign Exchange Rate Adjustments	291.53	-370.23	18.44	317.4	-192.46
Net Cash Flow	-1,953	-8,044	8,374	-1,009	14,316
Free Cash Flow	28,846	15,893	1,041	-3,990	22,225
Free Cash Flow Growth	81.50%	1427.11%	-	-	-
Free Cash Flow Margin	12.95%	7.86%	0.60%	-2.90%	16.29%
Free Cash Flow Per Share	3.39	1.86	0.12	-0.44	2.41
Cash Income Tax Paid	19,717	11,814	9,214	7,723	8,117
Levered Free Cash Flow	19,739	8,595	-5,186	-10,313	20,058
Unlevered Free Cash Flow	20,199	9,153	-4,594	-9,865	20,352
Change in Working Capital	19,376	4,207	2,662	-1,773	24,276

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