Minmetals Development 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	19.16	125.65	199.23	366.5	478.96
Depreciation & Amortization	180.86	171.4	180.85	147.15	140.25
Other Amortization	8.41	27.39	9.35	6.87	5.02
Loss (Gain) From Sale of Assets	-19.26	-25.06	-6.85	0.04	-17.05
Asset Writedown & Restructuring Costs	166.08	0.14	134.66	0.06	0.05
Loss (Gain) From Sale of Investments	236.12	314.35	123.56	277.75	-32.08
Provision & Write-off of Bad Debts	-	-141.19	-36.17	79.84	-25.58
Other Operating Activities	46.36	634.61	340.69	408.96	362.02
Change in Accounts Receivable	2,003	-413.68	-830.31	-1,358	1,509
Change in Inventory	64.69	-192.44	794.03	940.87	-296.34
Change in Accounts Payable	-1,515	1,265	-723.99	536.75	-1,378
Operating Cash Flow	1,223	1,812	304.1	1,447	932.91
Operating Cash Flow Growth	-32.48%	495.86%	-78.99%	55.15%	-
Capital Expenditures	-84.04	-67.1	-65.7	-35.14	-16.34
Sale of Property, Plant & Equipment	13.47	33.04	8.57	8.08	67.43
Investment in Securities	0.2	5.66	6.34	0.46	-2.17
Other Investing Activities	5.6	1.95	15.14	50.76	12.47
Investing Cash Flow	-64.77	-26.45	-35.65	24.17	61.39
Long-Term Debt Issued	10,956	20,807	12,557	10,807	9,620
Long-Term Debt Repaid	-11,314	-21,416	-15,546	-9,951	-9,104
Net Debt Issued (Repaid)	-358.6	-608.75	-2,988	856.42	516.08
Issuance of Common Stock	2,500	-	2,497	7.87	-
Common Dividends Paid	-157.91	-280.3	-161.27	-327.52	-307.04
Other Financing Activities	-2,573	-11.8	-139.31	-2,484	-1.2
Financing Cash Flow	-589.42	-900.85	-791.96	-1,948	207.84
Foreign Exchange Rate Adjustments	-3.16	-6.42	-17.39	7.08	-1.37
Net Cash Flow	566.04	878.29	-540.91	-468.85	1,201
Free Cash Flow	1,139	1,745	238.39	1,412	916.56
Free Cash Flow Growth	-34.70%	631.94%	-83.12%	54.08%	-
Free Cash Flow Margin	2.16%	2.60%	0.30%	1.73%	1.05%
Free Cash Flow Per Share	-	1.63	0.22	0.77	0.59
Cash Income Tax Paid	1,032	986.78	734.35	479.95	494.95
Levered Free Cash Flow	1,691	1,937	1,925	345.14	2,106
Unlevered Free Cash Flow	1,691	2,087	2,116	543.8	2,303
Change in Working Capital	585.65	697.66	-647.46	162.78	13.41

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.