Shandong Gold Mining 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	4,739	2,952	2,328	1,248	-193.69
Depreciation & Amortization	7,224	4,978	3,997	3,236	2,499
Other Amortization	62.61	17.11	19.83	14.76	11.03
Loss (Gain) From Sale of Assets	57.98	16.33	12.07	18.19	-124.85
Asset Writedown & Restructuring Costs	793.21	44.84	4.27	0.6	-570.93
Loss (Gain) From Sale of Investments	1,860	219.32	395.53	181.64	-467.72
Provision & Write-off of Bad Debts	31.78	4.89	3.94	-5.33	0.62
Other Operating Activities	4,007	3,561	2,277	1,033	726.72
Change in Accounts Receivable	-181.65	-848.35	-3,053	-2,202	991.82
Change in Inventory	-85.17	2,194	-1,676	-1,271	214.44
Change in Accounts Payable	4,911	824.71	2,870	1,224	-1,088
Operating Cash Flow	21,493	13,340	6,849	2,972	1,822
Operating Cash Flow Growth	61.12%	94.78%	130.46%	63.08%	-69.21%
Capital Expenditures	-12,929	-20,103	-9,181	-4,214	-3,556
Sale of Property, Plant & Equipment	15.49	3.51	3.39	209.14	152.11
Cash Acquisitions	-155.73	-2,270	-10,190	-1,127	95.21
Divestitures	-	-	5	-	652.46
Investment in Securities	501.39	-408.66	-1,088	-6.91	179.95
Other Investing Activities	-1,041	-22.81	-173.07	-111.68	-130.74
Investing Cash Flow	-13,609	-22,801	-20,624	-5,251	-2,607
Long-Term Debt Issued	38,297	49,616	38,983	36,306	24,954
Short-Term Debt Repaid	-	-	-16.15	-	-
Long-Term Debt Repaid	-50,692	-60,373	-37,184	-27,358	-21,534
Total Debt Repaid	-50,692	-60,373	-37,200	-27,358	-21,534
Net Debt Issued (Repaid)	-12,395	-10,757	1,783	8,947	3,419
Issuance of Common Stock	7,548	3,000	6,998	5,771	2,250
Repurchase of Common Stock	-2,000	-	-	-	-25.9
Common Dividends Paid	-3,775	-3,244	-2,306	-1,688	-1,249
Other Financing Activities	8,749	22,004	7,963	-7,568	-2,254
Financing Cash Flow	-1,875	11,004	14,438	5,462	2,141
Foreign Exchange Rate Adjustments	52.83	35.84	-63.15	45.21	-13.24
Net Cash Flow	6,062	1,579	599.42	3,228	1,343
Free Cash Flow	8,564	-6,763	-2,332	-1,242	-1,734
Free Cash Flow Margin	8.21%	-8.20%	-3.94%	-2.47%	-5.11%
Free Cash Flow Per Share	1.90	-1.51	-0.53	-0.28	-0.39
Cash Interest Paid	29.07	9.52	21.25	18.76	3.67
Cash Income Tax Paid	5,268	2,911	1,909	2,360	1,133
Levered Free Cash Flow	4,223	-1,743	-13,694	-2,215	8,387
Unlevered Free Cash Flow	5,430	-446.08	-12,714	-1,558	8,844
Change in Working Capital	2,717	1,546	-2,189	-2,755	-57.75

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