Baoji Titanium Industry 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	576.45	544.22	556.98	560.28
Depreciation & Amortization	374.33	328.81	304.05	260.23
Other Amortization	3.27	1.2	0.73	0.06
Loss (Gain) From Sale of Assets	-0.27	-0.34	0.11	1.21
Asset Writedown & Restructuring Costs	0.3	24.32	25.15	0.27
Loss (Gain) From Sale of Investments	1.21	-0.37	-0.78	1.45
Provision & Write-off of Bad Debts	32.29	53.03	13.58	11.46
Other Operating Activities	192.94	229.15	296.63	221.03
Change in Accounts Receivable	-256.22	-308.69	-598.39	-792.74
Change in Inventory	-259.07	-199.72	-622.46	-801.91
Change in Accounts Payable	-330.92	-489.67	-405.95	764.41
Change in Other Net Operating Assets	90.31	-	-	-
Operating Cash Flow	412.42	150.65	-435.44	205.89
Operating Cash Flow Growth	173.76%	-	-	-49.04%
Capital Expenditures	-245.12	-162.92	-354.01	-383.12
Sale of Property, Plant & Equipment	4.31	1.87	0.83	1.7
Investment in Securities	-24.27	2.06	100	-
Other Investing Activities	-	-	-	-100
Investing Cash Flow	-265.09	-158.98	-253.18	-481.42
Short-Term Debt Issued	-	-	669.72	-
Long-Term Debt Issued	980	1,479	3,490	1,850
Total Debt Issued	980	1,479	4,159	1,850
Long-Term Debt Repaid	-922	-1,330	-3,510	-2,315
Net Debt Issued (Repaid)	58	148.75	649.67	-464.73
Issuance of Common Stock	-	-	-	1,968
Common Dividends Paid	-224.43	-278.82	-519.54	-603.06
Other Financing Activities	73.4	201.13	-10.27	-44.48
Financing Cash Flow	-93.03	71.06	119.87	855.64
Foreign Exchange Rate Adjustments	13.9	7.75	13.19	-7.33
Net Cash Flow	68.2	70.47	-555.56	572.78
Free Cash Flow	167.29	-12.27	-789.44	-177.23
Free Cash Flow Margin	2.51%	-0.18%	-11.90%	-3.38%
Free Cash Flow Per Share	0.35	-0.03	-1.65	-0.37
Cash Income Tax Paid	150.61	154.62	176.82	153.15
Levered Free Cash Flow	284.47	385.79	-373.49	-250.1
Unlevered Free Cash Flow	323.01	431.39	-290.52	-179.82
Change in Working Capital	-768.1	-1,029	-1,632	-850.09

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