Wanhua Chemical Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	13,033	16,816	16,234	24,649
Depreciation & Amortization	12,990	11,381	9,348	8,158
Other Amortization	32.08	8.32	6.07	3.08
Loss (Gain) From Sale of Assets	-39.02	-0.52	-27.39	309.59
Asset Writedown & Restructuring Costs	1,034	256.4	383.23	1,065
Loss (Gain) From Sale of Investments	-633.25	-702.45	-580.99	-498.7
Provision & Write-off of Bad Debts	202.32	42.88	64.53	184.7
Other Operating Activities	4,977	4,431	2,924	2,410
Change in Accounts Receivable	-3,434	-2,758	2,043	-32,690
Change in Inventory	-3,583	-2,343	63.03	9,568
Change in Accounts Payable	6,056	-249.36	6,715	15,875
Operating Cash Flow	30,053	26,797	36,337	27,922
Operating Cash Flow Growth	12.15%	-26.25%	30.14%	65.71%
Capital Expenditures	-35,830	-43,098	-32,657	-27,000
Sale of Property, Plant & Equipment	469.94	27.95	42.26	154.16
Cash Acquisitions	-	-1,544	-127.79	-
Divestitures	-	107.8	50	-
Investment in Securities	-2,185	-433.62	-2,066	-1,996
Other Investing Activities	467.24	110.07	433.73	83.39
Investing Cash Flow	-37,078	-44,830	-34,325	-28,758
Long-Term Debt Issued	219,359	192,031	109,926	117,914
Long-Term Debt Repaid	-202,762	-159,328	-117,461	-93,927
Net Debt Issued (Repaid)	16,596	32,703	-7,535	23,987
Common Dividends Paid	-10,170	-8,338	-10,058	-6,300
Other Financing Activities	-239.59	-1,556	405.38	-99.93
Financing Cash Flow	6,186	22,809	-17,188	17,587
Foreign Exchange Rate Adjustments	16.94	-91.62	-26.34	-40.32
Net Cash Flow	-821.14	4,684	-15,202	16,711
Free Cash Flow	-5,777	-16,302	3,680	922.71
Free Cash Flow Growth	-	-	298.86%	-
Free Cash Flow Margin	-3.17%	-9.30%	2.22%	0.63%
Free Cash Flow Per Share	-1.84	-5.20	1.17	0.29
Cash Interest Paid	21	11.39	-	-
Cash Income Tax Paid	2,542	2,159	4,383	4,015
Levered Free Cash Flow	3,066	-4,650	-3,136	-7,817
Unlevered Free Cash Flow	4,827	-2,877	-1,856	-6,546
Change in Working Capital	-1,543	-5,436	7,986	-8,358

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