Fujian Dongbai (Group) 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	45.76	43.49	35.05	21.78	125.43
Depreciation & Amortization	145.37	141.03	138.93	137.67	142.96
Other Amortization	73.07	71	77.53	83.69	90.42
Loss (Gain) From Sale of Assets	-9.86	2.67	2.8	-17.24	19.56
Asset Writedown & Restructuring Costs	56.25	38.54	38.07	18.53	-111.15
Loss (Gain) From Sale of Investments	1.1	9.16	-71.74	-163.57	-2.16
Provision & Write-off of Bad Debts	-3.99	-2.16	-8.64	19.02	0.61
Other Operating Activities	392.81	368.52	419.35	321.69	287.96
Change in Accounts Receivable	47.76	-68.21	86.09	32.25	-7.99
Change in Inventory	-123.42	-6.45	24.35	-221.95	-414.53
Change in Accounts Payable	48.63	-325.6	108.87	-17.45	237.56
Operating Cash Flow	695.99	278.28	882.76	214.06	409.92
Operating Cash Flow Growth	150.10%	-68.48%	312.39%	-47.78%	-
Capital Expenditures	-210.8	-625.58	-521.86	-549.57	-1,216
Sale of Property, Plant & Equipment	1	0.03	0.06	0	0.08
Cash Acquisitions	-	-	-5.5	-7.5	-56.33
Divestitures	-	40.13	389.3	483.82	128.97
Investment in Securities	55.97	173.24	-	-	13.82
Other Investing Activities	0.27	0.27	0.27	0.27	0.47
Investing Cash Flow	-153.56	-411.91	-137.73	-72.98	-1,129
Short-Term Debt Issued	-	-	-	-	95.68
Long-Term Debt Issued	4,984	3,638	3,055	3,041	2,604
Total Debt Issued	4,984	3,638	3,055	3,041	2,700
Short-Term Debt Repaid	-	-	-	-98.4	-
Long-Term Debt Repaid	-4,756	-3,067	-3,375	-3,056	-1,891
Total Debt Repaid	-4,756	-3,067	-3,375	-3,154	-1,891
Net Debt Issued (Repaid)	228.2	571.87	-319.89	-112.47	809
Common Dividends Paid	-330.85	-332.28	-305.79	-267.65	-246.55
Other Financing Activities	-59.96	-17.06	1.65	-30.71	-12.6
Financing Cash Flow	-162.61	222.53	-624.03	-410.83	549.84
Foreign Exchange Rate Adjustments	-0	0	-0	-	-
Net Cash Flow	379.82	88.9	121	-269.75	-169.5
Free Cash Flow	485.19	-347.3	360.9	-335.51	-806.37
Free Cash Flow Margin	26.27%	-19.13%	19.13%	-20.07%	-42.56%
Free Cash Flow Per Share	0.56	-0.40	0.41	-0.39	-0.93
Cash Income Tax Paid	266.56	275.16	232.4	124.7	271.39
Levered Free Cash Flow	-1,078	1,107	80.78	267.54	-1,133
Unlevered Free Cash Flow	-899.29	1,276	254.72	428.14	-999.28
Change in Working Capital	-4.54	-393.98	251.43	-207.5	-143.71

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