Jilin Quanyangquan 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	53.12	6.14	-457.19	57.73	105.29
Depreciation & Amortization	77.26	72.61	71.04	67.63	73.36
Other Amortization	7.35	6.23	4.79	2.53	1.94
Loss (Gain) From Sale of Assets	-0.12	-0.25	-0.37	-20.05	-0.02
Asset Writedown & Restructuring Costs	73.12	1.27	384.92	49.04	23.05
Loss (Gain) From Sale of Investments	-13.69	-5.09	-15.69	-21.64	-14.91
Provision & Write-off of Bad Debts	-	39.4	150.86	34.2	51.52
Other Operating Activities	28.23	45.62	40.34	97.5	110.88
Change in Accounts Receivable	272.7	-139.22	-116.22	19.57	-137.89
Change in Inventory	-5.6	-11.21	-9.48	23.73	-27.6
Change in Accounts Payable	-178.79	185.03	188.1	41.54	-2.17
Change in Other Net Operating Assets	6.68	2.24	0.26	-9.85	22.46
Operating Cash Flow	279.84	186.36	224.72	334.71	205.14
Operating Cash Flow Growth	50.17%	-17.07%	-32.86%	63.17%	4.35%
Capital Expenditures	-148.95	-98.48	-39.93	-83.79	-17.11
Sale of Property, Plant & Equipment	0.79	0.32	0.02	0.03	0.51
Divestitures	-	-	-	121.17	0.06
Investment in Securities	-389.43	362.32	8.36	164.2	-330
Other Investing Activities	17.89	5.13	134.86	14.16	5.91
Investing Cash Flow	-519.7	269.28	103.31	215.76	-340.63
Long-Term Debt Issued	1,099	370.99	761.9	1,556	627.43
Long-Term Debt Repaid	-1,127	-397.16	-901.2	-1,728	-686.08
Net Debt Issued (Repaid)	-27.63	-26.17	-139.3	-172.26	-58.65
Common Dividends Paid	-41.56	-64.19	-75.2	-90.2	-103.73
Dividends Paid	-41.56	-64.19	-75.2	-90.2	-103.73
Other Financing Activities	-69.3	-11.52	-12.15	-11.76	-18.34
Financing Cash Flow	-138.49	-101.89	-226.66	-274.22	-180.72
Net Cash Flow	-378.35	353.75	101.37	276.26	-316.22
Free Cash Flow	130.89	87.87	184.79	250.93	188.03
Free Cash Flow Growth	48.95%	-52.45%	-26.36%	33.45%	15.42%
Free Cash Flow Margin	10.41%	7.34%	16.47%	19.77%	12.78%
Free Cash Flow Per Share	0.17	0.14	0.26	0.35	0.27
Cash Income Tax Paid	171.19	130.19	124.07	129.2	127.33
Levered Free Cash Flow	168.62	120.54	242.48	61.16	48.18
Unlevered Free Cash Flow	168.62	130.24	260.57	72.49	66.06
Change in Working Capital	54.57	20.42	46.01	67.76	-145.98

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