China Hongguang 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	57.04	21.14	35.73	34.56	39
Depreciation & Amortization	5.93	9.73	9.78	9.65	7.74
Loss (Gain) From Sale of Investments	-	-	-22.91	-	-
Provision & Write-off of Bad Debts	-8.74	22.43	-	-	-
Other Operating Activities	10.01	3.11	-0.51	7.95	3.2
Change in Accounts Receivable	-71.57	-48.87	-26.92	-42.16	-35.27
Change in Inventory	10.18	-5.6	5.31	-49.17	-37.07
Change in Accounts Payable	-13.65	10.27	-10.59	-17.8	37.5
Operating Cash Flow	-10.8	12.21	-10.11	-56.97	15.11
Capital Expenditures	-	-	-6.25	-0.9	-10.31
Other Investing Activities	0	0	0.01	0.01	0.01
Investing Cash Flow	0	0	-6.24	-0.89	-10.3
Short-Term Debt Issued	41.89	57.95	-	-	-
Long-Term Debt Issued	-	6.5	83.51	89.14	57.28
Total Debt Issued	41.89	64.45	83.51	89.14	57.28
Short-Term Debt Repaid	-54.74	-56.87	-	-	-
Long-Term Debt Repaid	-7.26	-14.3	-85.46	-61.09	-48.09
Total Debt Repaid	-61.99	-71.17	-85.46	-61.09	-48.09
Net Debt Issued (Repaid)	-20.1	-6.73	-1.95	28.05	9.19
Issuance of Common Stock	66.12	-	10.68	34.86	-
Other Financing Activities	-3.15	-4.13	-4.47	-4.71	-3.07
Financing Cash Flow	42.87	-10.85	4.25	58.2	6.12
Net Cash Flow	32.08	1.36	-12.1	0.34	10.93
Free Cash Flow	-10.8	12.21	-16.37	-57.87	4.8
Free Cash Flow Margin	-4.45%	5.04%	-7.54%	-27.74%	2.36%
Free Cash Flow Per Share	-0.02	0.03	-0.04	-0.17	0.02
Cash Interest Paid	3.15	4.13	4.4	4.4	3.07
Cash Income Tax Paid	1.41	2.54	7.76	0.31	3.49
Levered Free Cash Flow	17.42	-23.7	25.84	-78.04	19.85
Unlevered Free Cash Flow	19.39	-21.12	28.59	-75.29	21.77
Change in Working Capital	-75.04	-44.2	-32.2	-109.13	-34.84