Beijing Jingneng Power Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,546	3,530	1,749	881.33	803.48	-3,116
Depreciation & Amortization	3,738	3,738	3,498	3,540	3,471	3,169
Other Amortization	38.9	38.9	13.35	10.83	10.93	6.8
Loss (Gain) on Sale of Assets	8.52	8.52	-0.68	-0.37	4.25	-113.89
Loss (Gain) on Sale of Investments	-1,177	-1,177	-1,110	-1,116	-1,161	-48.83
Asset Writedown	723.83	723.83	218.96	518.39	83.96	4.69
Change in Accounts Receivable	129.92	129.92	908.83	-1,286	829.7	-986.96
Change in Inventory	804.6	804.6	-930.23	-240.68	421.74	-656.74
Change in Accounts Payable	736.51	736.51	-1.23	-86.37	-109.56	1,487
Change in Other Net Operating Assets	-	-	-	-	-7.89	4.52
Other Operating Activities	2,278	2,140	1,919	1,576	1,719	869.04
Operating Cash Flow	10,753	10,598	6,275	3,806	6,164	623.21
Operating Cash Flow Growth	45.65%	68.90%	64.84%	-38.24%	889.00%	-87.50%
Capital Expenditures	-4,260	-4,550	-4,914	-7,278	-4,565	-4,862
Sale of Property, Plant & Equipment	2.5	2.46	19.09	3.45	427.82	149.91
Cash Acquisitions	-	-	-	-2	-	-
Investment in Securities	-146.66	-1,116	-383.53	-237.22	-	-110.72
Other Investing Activities	989.59	972.22	1,380	1,272	610.72	1,402
Investing Cash Flow	-3,415	-4,691	-3,899	-6,242	-3,527	-3,421
Long-Term Debt Issued	-	28,954	23,805	24,582	28,267	27,835
Long-Term Debt Repaid	-	-32,231	-24,832	-24,175	-31,273	-20,762
Net Debt Issued (Repaid)	-4,214	-3,277	-1,027	407.46	-3,006	7,073
Issuance of Common Stock	1,500	1,500	45	4,502	2,031	16.2
Common Dividends Paid	-2,038	-2,092	-2,206	-2,582	-1,674	-2,413
Other Financing Activities	-1,315	-1,108	-256.64	473.35	416.68	-1,848
Financing Cash Flow	-6,067	-4,977	-3,445	2,801	-2,232	2,828
Net Cash Flow	1,271	929.63	-1,069	365.79	405	30.32
Free Cash Flow	6,493	6,048	1,360	-3,472	1,598	-4,239
Free Cash Flow Growth	133.64%	344.58%	-	-	-	-
Free Cash Flow Margin	18.21%	17.07%	3.84%	-10.44%	5.24%	-19.06%
Free Cash Flow Per Share	0.93	0.86	0.18	-0.43	0.24	-0.64
Cash Income Tax Paid	2,172	2,017	1,313	1,020	-448.7	357.85
Levered Free Cash Flow	7,866	3,591	-553.3	-5,046	-667.23	-10,038
Unlevered Free Cash Flow	8,580	4,320	284.26	-4,192	326.25	-9,028
Change in Working Capital	1,601	1,601	-81.58	-1,610	1,124	-148.26

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