Xizang Zhihui Mining 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	150.04	55.85	154.73	117.89
Depreciation & Amortization	67.1	44.56	67.93	64.51
Other Amortization	0.1	0.07	0.07	0.07
Loss (Gain) From Sale of Assets	-0.01	-0.02	0.16	0.16
Loss (Gain) From Sale of Investments	-1.12	-0.32	-1.6	-0.52
Other Operating Activities	6.66	-0.69	-16.86	5.63
Change in Accounts Receivable	-2.28	-8.81	-2.14	-2.68
Change in Inventory	-36.47	-5.05	-1.24	7.46
Change in Accounts Payable	-12.63	46.68	-39.73	70.73
Change in Unearned Revenue	-25.36	21.23	3.84	-17.69
Change in Other Net Operating Assets	-	-	-1.31	-2.45
Operating Cash Flow	146.03	153.52	163.84	243.1
Operating Cash Flow Growth	-4.88%	-6.30%	-32.60%	-
Capital Expenditures	-115.17	-109.28	-120.3	-38.47
Sale of Property, Plant & Equipment	0.03	0.03	0.08	0.04
Sale (Purchase) of Intangibles	-0.41	-	-	-0.56
Investment in Securities	-78.88	11.1	51.23	-49.84
Other Investing Activities	17.61	-22.84	-59.25	7.6
Investing Cash Flow	-176.82	-121	-128.24	-81.22
Short-Term Debt Issued	-	-	0	-
Long-Term Debt Issued	132.21	94.68	3	-
Total Debt Issued	132.21	94.68	3	-
Short-Term Debt Repaid	-0	-	-	-
Long-Term Debt Repaid	-109.29	-33.47	-0.05	-104.37
Total Debt Repaid	-109.29	-33.47	-0.05	-104.37
Net Debt Issued (Repaid)	22.92	61.21	2.96	-104.37
Issuance of Common Stock	498.74	20.58	-	-
Common Dividends Paid	-	-	-50	-30
Other Financing Activities	-43.88	-2.89	-0.02	-1.38
Financing Cash Flow	477.79	78.89	-47.07	-135.75
Foreign Exchange Rate Adjustments	-1.6	-	-	-
Net Cash Flow	445.4	111.41	-11.46	26.13
Free Cash Flow	30.86	44.24	43.55	204.64
Free Cash Flow Growth	-30.24%	1.59%	-78.72%	-
Free Cash Flow Margin	5.01%	14.68%	7.97%	42.42%
Free Cash Flow Per Share	0.08	0.12	0.12	0.57
Cash Interest Paid	1.12	0.51	0.02	1.38
Cash Income Tax Paid	15.9	9	28.74	12.6
Levered Free Cash Flow	17.34	-10.61	16	-
Unlevered Free Cash Flow	19.26	-8.78	17.27	-
Change in Working Capital	-76.74	54.06	-40.58	55.38

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