Jiangxi Changyun 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	16.03	11.03	-57.99	-147.9	11.48
Depreciation & Amortization	252.21	248.25	249.7	314.56	355.01
Other Amortization	33.37	36.93	38.93	56.33	50.68
Loss (Gain) From Sale of Assets	-32.16	-33.51	-14.68	-81.13	-32.83
Asset Writedown & Restructuring Costs	18.01	8	19.67	18.59	2.57
Loss (Gain) From Sale of Investments	-4.92	-15.86	-5.74	-45.73	-112.71
Provision & Write-off of Bad Debts	-2.26	-8.28	14.58	17.34	13.02
Other Operating Activities	87.71	105.19	99.8	93.46	162.69
Change in Accounts Receivable	47.33	-128.39	-684.11	54.02	-45.38
Change in Inventory	-5.1	10.02	20.97	6.63	55.26
Change in Accounts Payable	-99.88	104.14	670.34	-96.76	-27.36
Operating Cash Flow	309.18	335.04	370.48	200.05	432.64
Operating Cash Flow Growth	-7.72%	-9.56%	85.19%	-53.76%	101.83%
Capital Expenditures	-197.35	-267.41	-238.44	-222.15	-375
Sale of Property, Plant & Equipment	109.68	47.72	37.8	109.94	88.67
Divestitures	0.09	34.06	-	21.19	182.77
Investment in Securities	0	-	-	2.25	108.89
Other Investing Activities	12.66	3.3	0.15	0.69	2.93
Investing Cash Flow	-74.92	-182.33	-200.49	-88.08	8.26
Long-Term Debt Issued	1,858	1,616	1,624	1,860	2,304
Short-Term Debt Repaid	-	-	-2.06	-	-
Long-Term Debt Repaid	-2,007	-1,543	-1,921	-1,923	-2,594
Total Debt Repaid	-2,007	-1,543	-1,923	-1,923	-2,594
Net Debt Issued (Repaid)	-148.93	73.42	-299.57	-63.06	-289.38
Repurchase of Common Stock	-4	-	-	-	-
Common Dividends Paid	-42.59	-53.91	-68.89	-102.54	-113.5
Other Financing Activities	-39.54	-16.99	-8.09	1.94	-6.22
Financing Cash Flow	-235.07	2.52	-376.55	-163.66	-409.1
Net Cash Flow	-0.81	155.23	-206.57	-51.69	31.8
Free Cash Flow	111.83	67.63	132.03	-22.09	57.64
Free Cash Flow Growth	65.34%	-48.77%	-	-	-
Free Cash Flow Margin	7.70%	4.32%	8.56%	-1.52%	3.17%
Free Cash Flow Per Share	0.42	0.24	0.46	-0.08	0.20
Cash Income Tax Paid	93.1	99.88	99.65	45.56	116.01
Levered Free Cash Flow	40.21	17.09	-36.36	477.09	-215.42
Unlevered Free Cash Flow	78.4	65.47	17.27	544.5	-145.36
Change in Working Capital	-58.82	-16.73	26.2	-25.47	-17.26

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