Baotou Huazi Industry 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	59.02	25.45	18.88	-165.08	9.97
Depreciation & Amortization	46.15	27.01	25.85	17.61	10.4
Other Amortization	3.55	2.25	0.62	-	-
Loss (Gain) From Sale of Assets	-12.05	-	-0.67	0.45	-
Asset Writedown & Restructuring Costs	2.19	0.88	0.32	-	-
Loss (Gain) From Sale of Investments	-38.43	-20.95	-31.15	131.33	-52.56
Provision & Write-off of Bad Debts	-	0.06	-3.04	5.65	0.37
Other Operating Activities	-9.06	-20.53	13.57	19.86	10.22
Change in Accounts Receivable	51.78	389.94	5.9	-98.96	1.46
Change in Inventory	-59.95	94.89	47.88	-177.69	-0.17
Change in Accounts Payable	-38.62	-315.49	48.56	49.97	2.51
Operating Cash Flow	-6.43	139.48	110.13	-224.75	-17.71
Operating Cash Flow Growth	-	26.65%	-	-	-
Capital Expenditures	-253.42	-352.2	-174.33	-15.83	-0.29
Sale of Property, Plant & Equipment	56.55	0.88	2.54	-	-
Investment in Securities	-	301.55	20.21	-0	46.21
Other Investing Activities	16	0.11	118.05	20.79	19.53
Investing Cash Flow	-180.87	-49.67	-33.52	4.96	65.46
Short-Term Debt Issued	-	44.6	70	190	-
Long-Term Debt Issued	160.14	64	-	-	-
Total Debt Issued	160.14	108.6	70	190	-
Short-Term Debt Repaid	-	-180.18	-78.77	-20.79	-
Long-Term Debt Repaid	-44.13	-25.19	-16.75	-8.31	-
Total Debt Repaid	-44.13	-205.36	-95.51	-29.1	-
Net Debt Issued (Repaid)	116.01	-96.76	-25.51	160.9	-
Common Dividends Paid	-6.72	-3.04	-9.74	-10.73	-
Other Financing Activities	126.63	4.42	-	-	-
Financing Cash Flow	235.93	-95.38	-35.25	150.17	-
Foreign Exchange Rate Adjustments	-0.04	0.01	0.22	-	-
Net Cash Flow	48.59	-5.56	41.57	-69.62	47.74
Free Cash Flow	-259.85	-212.72	-64.2	-240.58	-18.01
Free Cash Flow Margin	-41.28%	-41.25%	-10.07%	-65.29%	-42.63%
Free Cash Flow Per Share	-0.54	-0.44	-0.13	-0.50	-0.04
Cash Income Tax Paid	24.83	31.71	39.54	9.82	2.3
Levered Free Cash Flow	-297.7	42.61	-77.36	-225.69	6.81
Unlevered Free Cash Flow	-297.7	48.74	-67.64	-220.41	6.81
Change in Working Capital	-57.8	125.31	85.75	-234.56	3.89

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