Harbin Air Conditioning Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-13.44	7.31	7.36	21.34	37.46	66.15
Depreciation & Amortization	33.22	33.22	34.72	28.99	22.71	19
Other Amortization	1.17	1.17	-	-	-	-
Loss (Gain) From Sale of Assets	-0.88	-0.88	-0.12	13.44	-7.04	-139.62
Asset Writedown & Restructuring Costs	-0.02	-0.02	1.87	7.18	-	0
Loss (Gain) From Sale of Investments	11.18	11.18	0.11	0.81	1.29	3.01
Provision & Write-off of Bad Debts	40.62	40.62	14.92	16.3	10.21	7.2
Other Operating Activities	-14.99	18.3	28.5	31.72	28.31	18.99
Change in Accounts Receivable	-5.18	-5.18	160.34	-255.45	-64.01	-117.89
Change in Inventory	-47.56	-47.56	-73.3	-67.78	-24.31	163.69
Change in Accounts Payable	-2.68	-2.68	-208.91	172.56	41.8	-78.35
Operating Cash Flow	10.54	64.57	-31.5	-34.87	47.29	-64.01
Capital Expenditures	-33.39	-27.66	-24.26	-43.87	-35	-15.31
Sale of Property, Plant & Equipment	0.13	0.13	0.02	-	11	1.25
Cash Acquisitions	-	-	-	-	-23.1	-0.41
Divestitures	3.81	3.81	-	-	-	-
Investment in Securities	-	-	2.45	-0.7	-2.05	-2
Other Investing Activities	0.22	0.02	0.01	-81.76	-	-
Investing Cash Flow	-29.22	-23.7	-21.77	-126.33	-49.15	-16.47
Long-Term Debt Issued	-	888.4	653.37	805.26	498.43	339.7
Long-Term Debt Repaid	-	-883.69	-566.18	-553.04	-325.5	-299.7
Net Debt Issued (Repaid)	-4.04	4.7	87.19	252.22	172.93	40
Common Dividends Paid	-36.77	-29.44	-34.19	-26.18	-23.16	-16.8
Other Financing Activities	-	-	-	5.2	-207.83	6.26
Financing Cash Flow	-40.81	-24.74	52.99	231.24	-58.07	29.46
Foreign Exchange Rate Adjustments	-0.63	0	0.44	0.41	2.31	-0.63
Net Cash Flow	-60.13	16.14	0.16	70.46	-57.62	-51.64
Free Cash Flow	-22.85	36.92	-55.76	-78.74	12.29	-79.32
Free Cash Flow Margin	-1.52%	2.42%	-3.96%	-5.54%	1.11%	-9.30%
Free Cash Flow Per Share	-0.06	0.10	-0.15	-0.21	0.03	-0.21
Cash Income Tax Paid	-	-7.74	14.43	42.26	45.86	31.46
Levered Free Cash Flow	8.8	19.7	-29.96	-100.55	-285.56	-169.57
Unlevered Free Cash Flow	17.26	29.86	-9.4	-82.8	-270.39	-158.81
Change in Working Capital	-46.32	-46.32	-118.86	-154.65	-45.66	-38.74

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