Sinostar PEC 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	25.65	170.07	217.61	39.44	237.42
Depreciation & Amortization	187.02	173.26	175.37	165.43	147.47
Other Amortization	0	0.1	0.14	0.12	-
Loss (Gain) From Sale of Assets	-0.97	-0.69	-0.1	-2.74	0.11
Asset Writedown & Restructuring Costs	0.47	0.48	1.13	0.6	-
Other Operating Activities	-5.14	22.55	145.91	75.18	85.51
Change in Accounts Receivable	-45.46	-18.25	10.1	34.35	-13.43
Change in Inventory	40.11	70.6	-92.58	16.48	-40.67
Change in Accounts Payable	52.88	18.5	-36.42	-31.7	27.8
Change in Other Net Operating Assets	-11.52	-31.98	42.4	-142.76	137.05
Operating Cash Flow	243.05	404.64	463.55	154.4	581.26
Operating Cash Flow Growth	-39.93%	-12.71%	200.23%	-73.44%	64.27%
Capital Expenditures	-40.86	-11.86	-13.19	-46.04	-35.58
Sale of Property, Plant & Equipment	17.61	1.15	0.26	4.19	1.09
Cash Acquisitions	-286.8	-286.8	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-0.14	-0.35
Investment in Securities	-	27.91	-	-	-
Other Investing Activities	2.43	8.25	45.28	7.59	0.41
Investing Cash Flow	-307.61	-261.35	32.34	-34.4	-34.43
Short-Term Debt Repaid	-50	-	-	-	-
Long-Term Debt Repaid	-100.07	-260.06	-260.41	-235.39	-131.62
Total Debt Repaid	-150.07	-260.06	-260.41	-235.39	-131.62
Net Debt Issued (Repaid)	-150.07	-260.06	-260.41	-235.39	-131.62
Issuance of Common Stock	242.89	-	-	-	-
Common Dividends Paid	-	-17.17	-158.94	-18.48	-15.51
Other Financing Activities	-29.36	137.43	-77.94	-47.68	-49.13
Financing Cash Flow	63.46	-139.8	-497.28	-301.55	-196.26
Net Cash Flow	-1.1	3.5	-1.39	-181.55	350.58
Free Cash Flow	202.19	392.78	450.35	108.36	545.69
Free Cash Flow Growth	-48.52%	-12.78%	315.61%	-80.14%	-
Free Cash Flow Margin	4.47%	7.20%	8.45%	2.23%	11.57%
Free Cash Flow Per Share	0.21	0.61	0.70	0.17	0.85
Cash Interest Paid	10.07	21.57	34.72	47.68	54.62
Cash Income Tax Paid	32.7	130.13	45	53.12	134.44
Levered Free Cash Flow	-90.52	623.04	342.83	61.65	373.68
Unlevered Free Cash Flow	-84.23	636.52	364.53	91.45	404.39
Change in Working Capital	36.01	38.88	-76.5	-123.64	110.75

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