Dalian Thermal Power 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	-94.71	-145.94	105.57	-156.55	-143.22
Depreciation & Amortization	149.34	134.83	119.3	100.27	93.1
Other Amortization	0.15	0.45	0.78	0.89	1.14
Loss (Gain) on Sale of Assets	-	-	-339.47	0.15	-
Asset Writedown	-0.01	-	-	6.15	35.07
Change in Accounts Receivable	56.13	-26.49	56.33	115.12	-42.32
Change in Inventory	-30.21	62.67	-30.71	131.9	-105.52
Change in Accounts Payable	-203.19	-167.58	-86.16	81.53	184.18
Other Operating Activities	130.4	91.64	89.56	51	39.94
Operating Cash Flow	7.74	-47.76	-68.64	332.63	64.62
Operating Cash Flow Growth	-	-	-	414.72%	-58.23%
Capital Expenditures	-87.58	-86.64	-225.16	-367.54	-276.78
Sale of Property, Plant & Equipment	0.03	-	200	33.31	-
Investing Cash Flow	-87.56	-86.64	-25.16	-334.23	-276.78
Short-Term Debt Issued	-	-	228	-	-
Long-Term Debt Issued	2,006	775.66	1,054	898.14	797.8
Total Debt Issued	2,006	775.66	1,282	898.14	797.8
Short-Term Debt Repaid	-	-	-228.36	-	-
Long-Term Debt Repaid	-1,804	-786.89	-950.78	-975.31	-705.71
Total Debt Repaid	-1,804	-786.89	-1,179	-975.31	-705.71
Net Debt Issued (Repaid)	202.84	-11.23	103.01	-77.17	92.09
Common Dividends Paid	-77.5	-83.38	-84.47	-83.94	-80.24
Other Financing Activities	-0.56	300	10.74	-79.93	-
Financing Cash Flow	124.78	205.39	29.28	-241.04	11.85
Net Cash Flow	44.97	71	-64.51	-242.64	-200.31
Free Cash Flow	-79.84	-134.4	-293.8	-34.91	-212.16
Free Cash Flow Margin	-13.20%	-21.38%	-46.44%	-4.33%	-32.16%
Free Cash Flow Per Share	-0.20	-0.33	-0.73	-0.09	-0.52
Cash Income Tax Paid	10.27	21.31	-35.24	-99.02	-28.77
Levered Free Cash Flow	-90.85	64.89	-346.97	-211.43	-268.4
Unlevered Free Cash Flow	-90.85	115.51	-297.73	-181.72	-247.63
Change in Working Capital	-177.44	-131.57	-46.11	329.41	37.82

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