Ouhua Energy 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	-59.67	-69.46	18.89	48.51	33.04
Depreciation & Amortization	23.71	12.34	20.33	21.42	28.4
Loss (Gain) on Sale of Assets	0.1	0.03	0.02	-	-
Loss (Gain) on Sale of Investments	-	-	-	-	0.27
Asset Writedown	7.9	-	-	0.13	0.27
Change in Accounts Receivable	-71.41	3.96	12.88	-202	80.81
Change in Inventory	71.5	106.88	-141.27	108.59	-177.57
Change in Accounts Payable	-47.58	-23.49	86.66	-106.04	42.21
Change in Other Net Operating Assets	41.64	-46.37	-45.79	41.11	-2.72
Other Operating Activities	10.99	16.82	8.17	11.12	28.7
Operating Cash Flow	-22.81	0.72	-40.12	-77.18	33.41
Capital Expenditures	-1.87	-0.2	-16.54	-31.91	-14.87
Sale of Property, Plant & Equipment	0.16	0.06	0.17	-	-
Cash Acquisitions	-	-	-10.97	-	-
Other Investing Activities	-	-	7.25	-2.34	-
Investing Cash Flow	-1.71	-0.14	-20.09	-34.25	-14.87
Long-Term Debt Issued	1,234	486	477.13	823.66	720.42
Total Debt Issued	1,234	486	477.13	823.66	720.42
Short-Term Debt Repaid	-0.92	-	-	-	-
Long-Term Debt Repaid	-1,387	-484.38	-417.35	-657.67	-791.87
Total Debt Repaid	-1,388	-484.38	-417.35	-657.67	-791.87
Net Debt Issued (Repaid)	-153.6	1.62	59.78	166	-71.45
Repurchase of Common Stock	-	-2.28	-2.51	-	-
Other Financing Activities	25.94	13.54	32.08	-66.64	-4.5
Financing Cash Flow	-127.66	12.89	89.35	99.35	-75.95
Foreign Exchange Rate Adjustments	-0.3	-0.67	0.14	0.07	-0.2
Net Cash Flow	-152.49	12.8	29.27	-12.01	-57.6
Free Cash Flow	-24.68	0.52	-56.66	-109.09	18.55
Free Cash Flow Margin	-1.14%	0.02%	-1.69%	-2.35%	0.52%
Free Cash Flow Per Share	-0.07	0.00	-0.15	-0.28	0.05
Cash Income Tax Paid	6.78	-2.54	16.25	18.17	1.75
Levered Free Cash Flow	-0.95	18.94	-5.27	-203.8	-12.52
Unlevered Free Cash Flow	9.9	32.34	6.36	-194.31	-5.15
Change in Working Capital	-5.84	40.98	-87.53	-158.34	-57.26

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