BEH-Property 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	-1,594	-1,627	-109.13	-407.03	16.97	5.75
Depreciation & Amortization	9.49	9.49	11.1	10.53	7.55	3.5
Other Amortization	2.69	2.69	3.9	15.35	7.58	1.55
Loss (Gain) From Sale of Assets	-	-	-0.02	-0	-0.08	-0
Asset Writedown & Restructuring Costs	1,122	1,122	1.55	0.96	0.81	3.75
Loss (Gain) From Sale of Investments	-5.12	-5.12	-10.47	8.67	-0.5	-67.53
Provision & Write-off of Bad Debts	-	-	-4.26	-1.97	-1.63	8.25
Other Operating Activities	329.11	378.66	507.75	261.31	258.89	171.22
Change in Accounts Receivable	-548	-548	256.91	218.66	-	-150.72
Change in Inventory	2,517	2,517	-1,286	2,071	623.11	731.6
Change in Accounts Payable	-2,023	-2,023	-3,458	2,234	-2,862	1,622
Operating Cash Flow	22.06	38.83	-4,042	4,335	-1,848	2,186
Capital Expenditures	-0.7	-0.77	-0.68	-0.79	-2.41	-0.83
Sale of Property, Plant & Equipment	-	-	-	44.84	0.32	-
Cash Acquisitions	-	-	-	-	-120.42	-240.42
Divestitures	-	-	-	-	-	28.79
Investment in Securities	-	-	3.28	-	-	-
Other Investing Activities	2.21	2.21	9.04	2.26	0.62	8.08
Investing Cash Flow	1.51	1.44	11.64	-198.69	-121.89	-106.3
Long-Term Debt Issued	-	4,751	4,165	3,294	9,247	3,372
Total Debt Issued	5,187	4,751	4,165	3,294	9,247	3,372
Long-Term Debt Repaid	-	-6,678	-1,745	-3,898	-7,762	-3,634
Total Debt Repaid	-5,333	-6,678	-1,745	-3,898	-7,762	-3,634
Net Debt Issued (Repaid)	-146.07	-1,928	2,420	-603.57	1,485	-261.93
Issuance of Common Stock	2,000	2,000	-	-	-	-
Common Dividends Paid	-339.23	-402.65	-414.45	-494.98	-673.89	-522.59
Other Financing Activities	-2,062	-49.93	-73.5	-31.88	278.38	-12.54
Financing Cash Flow	-547.67	-380.24	1,932	-1,130	1,090	-797.05
Net Cash Flow	-524.1	-339.98	-2,099	3,006	-880.27	1,283
Free Cash Flow	21.37	38.05	-4,043	4,335	-1,850	2,185
Free Cash Flow Margin	0.94%	1.70%	-74.06%	95.58%	-29.95%	102.45%
Free Cash Flow Per Share	0.05	0.08	-8.93	9.57	-4.09	4.83
Cash Income Tax Paid	48.14	168.1	414.56	321.99	354.52	461.81
Levered Free Cash Flow	1,076	1,086	-4,348	4,598	-2,759	-173.19
Unlevered Free Cash Flow	1,076	1,086	-4,195	4,692	-2,725	-98.29
Change in Working Capital	157.83	157.83	-4,442	4,448	-2,138	2,059

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.