Fujian Funeng 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	3,649	2,793	2,623	2,595	1,359
Depreciation & Amortization	1,750	1,815	1,890	1,602	1,298
Other Amortization	5	7.83	2.27	1.64	1.22
Loss (Gain) on Sale of Assets	-4.7	-10.45	-2.49	-10.89	-3.57
Loss (Gain) on Sale of Investments	-1,318	-1,214	-1,240	-1,301	-599.07
Asset Writedown	10.84	42.59	4.61	103.67	58.24
Change in Accounts Receivable	199.04	-598	-250.84	-1,017	-247.74
Change in Inventory	-28.03	74.49	26.9	-170.16	-79.73
Change in Accounts Payable	411.04	477.06	289.56	68.26	-164.49
Other Operating Activities	407.45	1,250	1,230	1,359	841.6
Operating Cash Flow	5,109	4,685	4,625	3,277	2,383
Operating Cash Flow Growth	9.05%	1.29%	41.14%	37.54%	5.35%
Capital Expenditures	-3,529	-3,243	-2,076	-1,831	-6,448
Sale of Property, Plant & Equipment	13.82	14.33	7.34	19.08	13.5
Cash Acquisitions	-	-	4.42	-	-34.9
Divestitures	-	-	-	-	15.22
Investment in Securities	-463.31	-420.76	-329.23	-202.97	-2,752
Other Investing Activities	1,189	1,059	818.81	393.43	600.25
Investing Cash Flow	-2,789	-2,590	-1,574	-1,621	-8,606
Long-Term Debt Issued	4,203	2,855	4,516	3,991	12,666
Long-Term Debt Repaid	-3,071	-3,704	-4,751	-3,390	-5,007
Net Debt Issued (Repaid)	1,132	-849.01	-234.31	600.32	7,659
Issuance of Common Stock	-	-	-	-	367.5
Common Dividends Paid	-1,497	-1,310	-1,393	-999.51	-1,110
Other Financing Activities	3,452	-149.35	433.77	-202.39	121.6
Financing Cash Flow	3,087	-2,308	-1,194	-601.58	7,038
Foreign Exchange Rate Adjustments	0.06	0.25	0.3	0.78	-0.23
Net Cash Flow	5,407	-212.91	1,858	1,055	814.27
Free Cash Flow	1,581	1,442	2,550	1,446	-4,066
Free Cash Flow Growth	9.60%	-43.44%	76.30%	-	-
Free Cash Flow Margin	11.50%	9.90%	17.35%	10.10%	-33.45%
Free Cash Flow Per Share	0.56	0.52	0.94	0.54	-1.47
Cash Income Tax Paid	1,363	972.14	791.14	493.3	657.61
Levered Free Cash Flow	713.15	-887.84	-246.27	593.99	-5,722
Unlevered Free Cash Flow	713.15	-541.46	161.49	1,011	-5,382
Change in Working Capital	610.54	-9.48	116.07	-1,087	-573.86

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