Cangzhou Dahua 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	30.85	27.74	190.41	420.1	-32.26
Depreciation & Amortization	479.36	512.25	506.25	440.82	286.62
Other Amortization	6.38	1.75	1.75	1.75	1.46
Loss (Gain) From Sale of Assets	-0.98	-0.54	-0	-0.29	-0.03
Asset Writedown & Restructuring Costs	0	-	2.27	2.16	3.12
Loss (Gain) From Sale of Investments	6.28	10.16	8.53	1.52	-2.84
Provision & Write-off of Bad Debts	-0.06	-0.03	-0.06	0.32	-0.02
Other Operating Activities	15.22	17.32	64.75	58.01	-13.8
Change in Accounts Receivable	41.49	1.93	79.12	10.99	-225.98
Change in Inventory	1.04	68.18	21.66	-104.78	-125.41
Change in Accounts Payable	-441.29	-228.37	-25.68	-298.25	267.5
Operating Cash Flow	139.59	409.77	854.85	527.87	185.49
Operating Cash Flow Growth	-65.93%	-52.06%	61.94%	184.58%	8.53%
Capital Expenditures	-203.3	-61.89	-63.73	-402.13	-1,164
Sale of Property, Plant & Equipment	0	180.36	9.43	0.95	0.03
Investment in Securities	-	-	-	-	-12.96
Investing Cash Flow	-203.3	118.48	-54.3	-401.19	-1,177
Long-Term Debt Issued	90.67	1	1,273	836.74	284.5
Long-Term Debt Repaid	-68.03	-221.16	-1,990	-888.21	-61.55
Net Debt Issued (Repaid)	22.63	-220.16	-717.51	-51.47	222.95
Issuance of Common Stock	-	-	-	-	38.11
Repurchase of Common Stock	-	-10.28	-12.37	-1.36	-
Common Dividends Paid	-17.68	-51.75	-110.53	-73.23	-65.94
Financing Cash Flow	4.95	-282.19	-840.41	-126.06	195.12
Foreign Exchange Rate Adjustments	4.98	4.1	3.48	5.89	3.48
Net Cash Flow	-53.78	250.16	-36.38	6.51	-792.53
Free Cash Flow	-63.71	347.89	791.12	125.73	-978.2
Free Cash Flow Growth	-	-56.03%	529.21%	-	-
Free Cash Flow Margin	-1.40%	6.86%	16.25%	2.56%	-32.30%
Free Cash Flow Per Share	-0.15	0.88	1.91	0.30	-2.38
Cash Income Tax Paid	10.58	27.75	97.98	-101.03	-52.33
Levered Free Cash Flow	219.61	636.39	647.52	141.88	-638.46
Unlevered Free Cash Flow	225.73	645.37	671.39	178.61	-635.65
Change in Working Capital	-397.46	-158.88	80.97	-396.53	-56.77

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