Minmetals Development Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	103.33	125.65	199.23	366.5	478.96	268.68
Depreciation & Amortization	171.4	171.4	180.85	147.15	140.25	106.02
Other Amortization	27.39	27.39	9.35	6.87	5.02	7.15
Loss (Gain) From Sale of Assets	-25.06	-25.06	-6.85	0.04	-17.05	-1.71
Asset Writedown & Restructuring Costs	0.14	0.14	134.66	0.06	0.05	1.76
Loss (Gain) From Sale of Investments	314.35	314.35	123.56	277.75	-32.08	141.13
Provision & Write-off of Bad Debts	-141.19	-141.19	-36.17	79.84	-25.58	99.5
Other Operating Activities	2,559	634.61	340.69	408.96	362.02	230.87
Change in Accounts Receivable	-413.68	-413.68	-830.31	-1,358	1,509	-815.91
Change in Inventory	-192.44	-192.44	794.03	940.87	-296.34	-759
Change in Accounts Payable	1,265	1,265	-723.99	536.75	-1,378	465.76
Operating Cash Flow	3,714	1,812	304.1	1,447	932.91	-138.18
Operating Cash Flow Growth	-	495.86%	-78.99%	55.15%	-	-
Capital Expenditures	-69.71	-67.1	-65.7	-35.14	-16.34	-30.07
Sale of Property, Plant & Equipment	25.08	33.04	8.57	8.08	67.43	3.63
Investment in Securities	0.29	5.66	6.34	0.46	-2.17	0
Other Investing Activities	3.1	1.95	15.14	50.76	12.47	8.31
Investing Cash Flow	-41.24	-26.45	-35.65	24.17	61.39	-18.12
Long-Term Debt Issued	-	20,807	12,557	10,807	9,620	8,541
Long-Term Debt Repaid	-	-21,416	-15,546	-9,951	-9,104	-8,581
Net Debt Issued (Repaid)	-2,318	-608.75	-2,988	856.42	516.08	-39.62
Issuance of Common Stock	2,500	-	2,497	7.87	-	-
Common Dividends Paid	-197.53	-280.3	-161.27	-327.52	-307.04	-274.65
Other Financing Activities	-2,505	-11.8	-139.31	-2,484	-1.2	8.16
Financing Cash Flow	-2,521	-900.85	-791.96	-1,948	207.84	-306.12
Foreign Exchange Rate Adjustments	-3.33	-6.42	-17.39	7.08	-1.37	-5.93
Net Cash Flow	1,148	878.29	-540.91	-468.85	1,201	-468.35
Free Cash Flow	3,644	1,745	238.39	1,412	916.56	-168.25
Free Cash Flow Growth	-	631.94%	-83.12%	54.08%	-	-
Free Cash Flow Margin	6.42%	2.60%	0.30%	1.73%	1.05%	-0.25%
Free Cash Flow Per Share	3.40	1.63	0.22	0.77	0.59	-0.16
Cash Income Tax Paid	1,185	986.78	734.35	479.95	494.95	338.33
Levered Free Cash Flow	3,114	1,937	1,925	345.14	2,106	-1,745
Unlevered Free Cash Flow	3,203	2,087	2,116	543.8	2,303	-1,608
Change in Working Capital	697.66	697.66	-647.46	162.78	13.41	-999.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.