Dalian Thermal Power Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-142.12	-145.94	105.57	-156.55	-143.22	9.66
Depreciation & Amortization	134.83	134.83	119.3	100.27	93.1	89.76
Other Amortization	0.45	0.45	0.78	0.89	1.14	1.1
Loss (Gain) on Sale of Assets	-	-	-339.47	0.15	-	0.23
Asset Writedown	-	-	-	6.15	35.07	1.37
Change in Accounts Receivable	-26.49	-26.49	56.33	115.12	-42.32	57.8
Change in Inventory	62.67	62.67	-30.71	131.9	-105.52	-50.68
Change in Accounts Payable	-167.58	-167.58	-86.16	81.53	184.18	5.19
Other Operating Activities	129.48	91.64	89.56	51	39.94	35.56
Operating Cash Flow	-6.11	-47.76	-68.64	332.63	64.62	154.71
Operating Cash Flow Growth	-	-	-	414.72%	-58.23%	-28.47%
Capital Expenditures	-52.41	-86.64	-225.16	-367.54	-276.78	-220.66
Sale of Property, Plant & Equipment	-	-	200	33.31	-	0.62
Investing Cash Flow	-52.41	-86.64	-25.16	-334.23	-276.78	-220.04
Short-Term Debt Issued	-	-	228	-	-	-
Long-Term Debt Issued	-	775.66	1,054	898.14	797.8	1,254
Total Debt Issued	1,677	775.66	1,282	898.14	797.8	1,254
Short-Term Debt Repaid	-	-	-228.36	-	-	-
Long-Term Debt Repaid	-	-786.89	-950.78	-975.31	-705.71	-791.3
Total Debt Repaid	-1,531	-786.89	-1,179	-975.31	-705.71	-791.3
Net Debt Issued (Repaid)	145.26	-11.23	103.01	-77.17	92.09	462.7
Common Dividends Paid	-80.72	-83.38	-84.47	-83.94	-80.24	-51.03
Other Financing Activities	-	300	10.74	-79.93	-	-
Financing Cash Flow	64.54	205.39	29.28	-241.04	11.85	411.67
Net Cash Flow	6.03	71	-64.51	-242.64	-200.31	346.34
Free Cash Flow	-58.51	-134.4	-293.8	-34.91	-212.16	-65.95
Free Cash Flow Margin	-9.71%	-21.38%	-46.44%	-4.33%	-32.16%	-9.78%
Free Cash Flow Per Share	-0.14	-0.33	-0.73	-0.09	-0.52	-0.16
Cash Income Tax Paid	16.96	21.31	-35.24	-99.02	-28.77	-0.4
Levered Free Cash Flow	-97.67	64.89	-346.97	-211.43	-268.4	-129.01
Unlevered Free Cash Flow	-47.74	115.51	-297.73	-181.72	-247.63	-106.79
Change in Working Capital	-131.57	-131.57	-46.11	329.41	37.82	13.41

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