Huadian Energy Company 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	324.7	199.97	165.52	-90.98	-1,016	-923.9
Depreciation & Amortization	1,743	1,743	1,985	1,897	1,943	1,859
Other Amortization	165.21	165.21	160.12	78.53	106.63	124.01
Loss (Gain) on Sale of Assets	-74.71	-74.71	-10.94	-178.39	-4.41	-0.07
Loss (Gain) on Sale of Investments	-26.27	-26.27	-14.42	6.5	-232.15	373.26
Asset Writedown	144.05	144.05	65.6	5.78	385.6	15.74
Change in Accounts Receivable	275.94	275.94	-57.7	519.21	62.12	-138.26
Change in Inventory	97.67	97.67	-262.34	127.43	462.65	-578.48
Change in Accounts Payable	233.17	233.17	-724.05	-768.74	270.38	1,746
Other Operating Activities	1,179	1,181	1,626	1,879	2,453	2,765
Operating Cash Flow	4,077	3,954	2,980	3,425	4,454	5,260
Operating Cash Flow Growth	21.45%	32.68%	-12.98%	-23.10%	-15.34%	302.42%
Capital Expenditures	-3,533	-3,072	-2,534	-839.15	-1,937	-1,699
Sale of Property, Plant & Equipment	60.58	43.69	123.42	247.95	4.98	0.79
Divestitures	-	-	-	7.35	-	-
Investment in Securities	30.4	50.4	-29.01	10.16	1,243	-25.62
Other Investing Activities	-37.88	7.12	3.4	3.78	2.73	-13.48
Investing Cash Flow	-3,480	-2,971	-2,436	-569.92	-686.28	-1,737
Long-Term Debt Issued	-	17,987	13,515	9,273	13,481	10,054
Long-Term Debt Repaid	-	-17,200	-12,357	-12,299	-17,566	-8,308
Net Debt Issued (Repaid)	1,538	786.75	1,158	-3,026	-4,085	1,746
Issuance of Common Stock	-	-	-	-	2,677	-
Common Dividends Paid	-405.06	-417.25	-435.76	-482.54	-784.06	-1,449
Other Financing Activities	-1,075	-1,073	-1,292	-1,755	-1,844	-905.39
Financing Cash Flow	57.97	-703.41	-569.79	-5,263	-4,037	-607.68
Net Cash Flow	655.31	279.69	-25.81	-2,408	-269.5	2,916
Free Cash Flow	544.25	881.89	446.16	2,586	2,516	3,562
Free Cash Flow Growth	34.19%	97.66%	-82.74%	2.75%	-29.35%	329.14%
Free Cash Flow Margin	3.30%	5.29%	2.46%	13.72%	13.33%	18.83%
Free Cash Flow Per Share	0.08	0.13	0.05	0.28	1.29	1.81
Cash Income Tax Paid	1,790	1,717	2,604	2,889	3,375	2,445
Levered Free Cash Flow	258.69	1,989	942.18	1,700	1,121	4,078
Unlevered Free Cash Flow	602.4	2,353	1,357	2,159	1,771	4,708
Change in Working Capital	595.18	595.18	-1,055	-179.5	799.39	1,024

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