Henan Dayou Energy 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	-2,094	-1,091	-481.05	1,554	1,289
Depreciation & Amortization	1,066	1,099	1,055	1,111	983.91
Other Amortization	5.58	4.45	6.81	5.22	1.37
Loss (Gain) From Sale of Assets	-12.47	-43.83	-0.25	-4.35	-18.18
Asset Writedown & Restructuring Costs	127.23	30.59	31.52	254.02	46.81
Loss (Gain) From Sale of Investments	2.52	-3.63	-429.84	-36.4	-19.17
Provision & Write-off of Bad Debts	-	-28.67	-31.29	-75.34	150.62
Other Operating Activities	378.39	291.62	270.12	625.31	537.81
Change in Accounts Receivable	-115.47	161.65	834.67	400.09	2,745
Change in Inventory	-10.72	-23.61	18.86	-27.12	38.15
Change in Accounts Payable	170.69	-616.72	-925.59	-692.84	212.29
Change in Other Net Operating Assets	25.01	-23.18	11.6	-20.71	36.63
Operating Cash Flow	-305.73	-187.27	477.57	3,093	5,741
Operating Cash Flow Growth	-	-	-84.56%	-46.13%	1947.51%
Capital Expenditures	-385.21	-826.72	-817.8	-891.16	-795.5
Sale of Property, Plant & Equipment	14.31	22.45	10.72	18.03	12.95
Cash Acquisitions	-	-	-	-	-941.57
Divestitures	-	-	568.24	-	-
Investment in Securities	-	-	-2.8	250	-
Other Investing Activities	-	30.48	115.79	-	40.35
Investing Cash Flow	-370.9	-773.79	-125.85	-623.13	-1,684
Short-Term Debt Issued	-	-	-	-	967
Long-Term Debt Issued	7,394	7,301	5,555	5,342	6,308
Total Debt Issued	7,394	7,301	5,555	5,342	7,275
Long-Term Debt Repaid	-4,695	-4,434	-3,397	-3,532	-5,282
Net Debt Issued (Repaid)	2,699	2,867	2,158	1,810	1,993
Issuance of Common Stock	-	66.24	53.83	-	19.61
Common Dividends Paid	-207.13	-253.53	-1,197	-1,039	-227.83
Other Financing Activities	-2,467	-1,281	-2,555	-2,589	-5,429
Financing Cash Flow	24.72	1,398	-1,540	-1,818	-3,644
Net Cash Flow	-651.91	437.13	-1,189	651.68	413.32
Free Cash Flow	-690.94	-1,014	-340.23	2,201	4,945
Free Cash Flow Growth	-	-	-	-55.48%	-
Free Cash Flow Margin	-16.80%	-20.57%	-5.85%	25.63%	62.51%
Free Cash Flow Per Share	-0.29	-0.42	-0.14	0.92	2.07
Cash Income Tax Paid	659.23	710.07	707.53	1,491	1,314
Levered Free Cash Flow	-	-299.58	-215.87	1,391	1,551
Unlevered Free Cash Flow	-	-150.01	-65.36	1,568	1,795
Change in Working Capital	221.61	-445.24	56.86	-341.08	2,769

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