CTATF 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	72,201	50,745	44,121	30,729	15,931
Depreciation & Amortization	25,012	23,148	21,547	12,358	6,096
Other Amortization	1,925	1,790	1,099	894.13	340.25
Loss (Gain) From Sale of Assets	-174.64	-19.32	-16.98	5.32	23.19
Asset Writedown & Restructuring Costs	3,660	6,474	5,700	332	67.38
Loss (Gain) From Sale of Investments	-9,404	-5,049	-3,872	-3,445	-1,411
Provision & Write-off of Bad Debts	245.88	698.07	214.68	1,149	256.14
Other Operating Activities	12,380	10,809	5,902	6,228	5,151
Change in Accounts Receivable	-16,912	634.97	-34,168	-58,697	-27,816
Change in Inventory	-39,838	-16,607	31,029	-39,878	-28,857
Change in Accounts Payable	89,966	31,207	29,014	115,418	73,856
Change in Other Net Operating Assets	-82.52	-460.08	-91.39	556.93	286.75
Operating Cash Flow	133,220	96,990	92,826	61,209	42,908
Operating Cash Flow Growth	37.35%	4.49%	51.65%	42.65%	132.82%
Capital Expenditures	-42,345	-31,180	-33,625	-48,215	-43,768
Sale of Property, Plant & Equipment	211.95	75.11	12.85	0.59	3.22
Cash Acquisitions	-2,054	-244.02	-321.45	-	-295.8
Divestitures	27.41	-	3.31	-	58.41
Investment in Securities	-52,696	-20,328	2,001	-16,950	-9,087
Other Investing Activities	2,280	1,838	2,371	526.41	17.82
Investing Cash Flow	-94,476	-48,875	-29,188	-64,140	-53,781
Long-Term Debt Issued	39,790	30,540	46,596	55,958	29,484
Long-Term Debt Repaid	-52,581	-20,901	-23,795	-17,606	-5,561
Total Debt Repaid	-52,581	-20,901	-23,795	-17,606	-5,561
Net Debt Issued (Repaid)	-12,791	9,640	22,800	38,352	23,923
Issuance of Common Stock	38,719	600.73	397.55	45,363	756.21
Repurchase of Common Stock	-4,413	-1,209	-1,823	-85.63	-45.71
Common Dividends Paid	-32,621	-25,311	-9,011	-3,551	-1,568
Other Financing Activities	4,796	1,756	2,353	2,189	593.16
Financing Cash Flow	-6,310	-14,524	14,716	82,266	23,659
Foreign Exchange Rate Adjustments	-2,665	-1,597	2,181	2,788	-711.78
Miscellaneous Cash Flow Adjustments	-0	0	-	-0	0
Net Cash Flow	29,770	31,994	80,536	82,124	12,074
Free Cash Flow	90,875	65,810	59,201	12,994	-859.76
Free Cash Flow Growth	38.09%	11.16%	355.62%	-	-
Free Cash Flow Margin	21.45%	18.18%	14.77%	3.95%	-0.66%
Free Cash Flow Per Share	20.31	15.02	13.48	3.03	-0.20
Cash Income Tax Paid	26,770	18,023	4,378	1,051	3,713
Levered Free Cash Flow	66,621	32,764	18,578	15,051	12,525
Unlevered Free Cash Flow	68,330	35,189	20,732	16,384	13,251
Change in Working Capital	27,375	8,395	18,131	12,958	16,453

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