Legend 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	1,061	133.23	-3,874	1,167	5,755
Depreciation & Amortization	12,233	9,991	9,569	8,975	8,052
Other Amortization	-	2,118	2,038	1,772	1,604
Loss (Gain) From Sale of Assets	31.11	-71.34	196.06	127.27	-677.46
Asset Writedown & Restructuring Costs	2,881	1,770	688.47	-522.37	406.03
Loss (Gain) From Sale of Investments	88.02	1,433	1,927	4,472	-5,072
Loss (Gain) on Equity Investments	-582.79	-281.34	488.58	-147.78	-977.94
Stock-Based Compensation	2,415	1,902	2,332	2,419	2,423
Other Operating Activities	13,658	11,083	10,424	14,896	18,521
Change in Accounts Receivable	-47,044	-13,033	-4,358	31,950	-20,261
Change in Inventory	-1,279	-22,820	10,248	5,617	-17,900
Change in Accounts Payable	47,810	39,654	-1,730	-34,894	23,129
Change in Other Net Operating Assets	-5,931	-5,369	-19,374	11,355	6,477
Operating Cash Flow	25,918	27,077	8,956	47,552	22,168
Operating Cash Flow Growth	-4.28%	202.34%	-81.17%	114.51%	-48.15%
Capital Expenditures	-17,137	-12,781	-14,776	-14,296	-9,857
Sale of Property, Plant & Equipment	434.56	266.73	470.48	260.91	611.76
Cash Acquisitions	-2.77	-158.83	-1,006	-3,356	-902.61
Divestitures	210.38	89.62	66.22	20.95	866.24
Investment in Securities	-1,062	-643.86	-40.61	116.26	-167.3
Other Investing Activities	3,262	3,285	4,927	2,404	4,567
Investing Cash Flow	-14,295	-9,943	-10,360	-14,850	-4,882
Long-Term Debt Issued	185,051	188,883	113,749	128,971	116,887
Long-Term Debt Repaid	-171,581	-188,540	-119,204	-131,463	-122,188
Net Debt Issued (Repaid)	13,470	343.18	-5,455	-2,492	-5,300
Issuance of Common Stock	2,288	-	-	-	-
Repurchase of Common Stock	-1,411	-	-	-	-
Common Dividends Paid	-	-136.88	-443.76	-836.01	-849.68
Other Financing Activities	-16,316	-14,333	-16,404	-11,715	-16,395
Financing Cash Flow	-1,969	-14,127	-22,630	-15,043	-24,187
Foreign Exchange Rate Adjustments	1,632	-1,610	2,446	3,543	-2,861
Net Cash Flow	11,286	1,397	-21,588	21,202	-9,762
Free Cash Flow	8,781	14,296	-5,821	33,256	12,311
Free Cash Flow Growth	-38.57%	-	-	170.13%	-65.03%
Free Cash Flow Margin	1.43%	2.74%	-1.31%	6.85%	2.51%
Free Cash Flow Per Share	3.74	6.09	-2.48	14.16	5.26
Cash Interest Paid	9,970	10,922	10,468	7,465	6,188
Cash Income Tax Paid	4,983	3,704	5,089	3,832	5,459
Levered Free Cash Flow	10,838	1,674	9,370	48,845	155,811
Unlevered Free Cash Flow	18,878	11,110	17,230	53,481	159,801
Change in Working Capital	-6,444	-1,567	-15,215	14,027	-8,554

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