Lingyuan Iron & Steel 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	-1,557	-1,678	-681.17	-833.66	918.65
Depreciation & Amortization	570.9	557.61	520.23	782.02	735.56
Other Amortization	-	6.05	-	-	-
Loss (Gain) From Sale of Assets	-	-	0.04	0.01	-0.02
Asset Writedown & Restructuring Costs	81.12	486.41	-2.65	179.6	95.19
Loss (Gain) From Sale of Investments	-1.3	-21.86	-0.56	-14.03	24.53
Provision & Write-off of Bad Debts	-	5.36	-0.23	-10.91	9.47
Other Operating Activities	101.07	75.95	87.02	85.41	103.01
Change in Accounts Receivable	-417.33	-340.5	814.9	-1,061	-679.87
Change in Inventory	121.67	267.54	-317.8	242.53	-560.08
Change in Accounts Payable	900.5	-582.36	263.33	16.57	396.51
Change in Other Net Operating Assets	89.59	712.1	1,282	38.26	-372.32
Operating Cash Flow	-162.63	-980.04	1,715	-785.34	645.14
Operating Cash Flow Growth	-	-	-	-	-61.92%
Capital Expenditures	-472.83	-905.58	-584.57	-218.79	-258.02
Sale of Property, Plant & Equipment	0.05	-	0.04	-	0.01
Investment in Securities	-	4.05	-	15	7.78
Other Investing Activities	14.86	3.26	0.67	0.7	0.74
Investing Cash Flow	-457.92	-898.27	-583.87	-203.08	-249.5
Long-Term Debt Issued	1,838	3,344	1,679	1,606	1,977
Long-Term Debt Repaid	-1,025	-2,179	-1,376	-1,640	-1,730
Net Debt Issued (Repaid)	813.25	1,165	303.37	-33.85	247.18
Issuance of Common Stock	-	32.98	-	-	-
Common Dividends Paid	-108.92	-68.74	-63.64	-322.77	-217.58
Other Financing Activities	-177.62	-103.72	-	-36.28	-0.17
Financing Cash Flow	526.71	1,025	239.74	-392.9	29.43
Foreign Exchange Rate Adjustments	-0.75	-5.88	-3.95	-0.45	-0.79
Net Cash Flow	-94.59	-859.15	1,367	-1,382	424.28
Free Cash Flow	-635.46	-1,886	1,130	-1,004	387.12
Free Cash Flow Growth	-	-	-	-	-70.65%
Free Cash Flow Margin	-4.06%	-10.42%	5.56%	-4.66%	1.48%
Free Cash Flow Per Share	-0.23	-0.67	0.40	-0.35	0.14
Cash Income Tax Paid	135.05	120.64	-13.23	166.41	982.7
Levered Free Cash Flow	338.61	-1,982	607.63	373.78	1,020
Unlevered Free Cash Flow	338.61	-1,939	658.06	425.61	1,079
Change in Working Capital	642.83	-411.11	1,792	-973.79	-1,241

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