Yibin Paper Industry 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	-69.52	-128.43	21.85	29.62	28.32	-99.56
Depreciation & Amortization	245.01	245.01	244.6	158.39	154.47	149.9
Other Amortization	10.99	10.99	11.65	8.03	7.7	6.54
Loss (Gain) From Sale of Assets	9.79	9.79	-0.19	-10.08	-0.15	-
Asset Writedown & Restructuring Costs	10.08	10.08	2.29	0.41	3.17	3.45
Loss (Gain) From Sale of Investments	-1.09	-1.09	-4.21	-0.31	2.54	0.02
Provision & Write-off of Bad Debts	-4.1	-4.1	-2.65	7.46	0.39	-1.47
Other Operating Activities	164.22	185.51	154.38	75.15	87.53	93.62
Change in Accounts Receivable	2.36	2.36	0.84	27.22	42.17	55.86
Change in Inventory	144.72	144.72	-65.08	-93.36	-34.47	19.69
Change in Accounts Payable	-106.9	-106.9	27.39	25.57	-24.71	11.32
Operating Cash Flow	404.51	366.9	390.96	228.08	266.97	239.36
Operating Cash Flow Growth	-17.87%	-6.15%	71.41%	-14.57%	11.53%	-
Capital Expenditures	-83.87	-74.18	-18.58	-11.41	-44.55	-86.81
Sale of Property, Plant & Equipment	0.06	0.01	0.15	10.12	0.69	0.55
Investment in Securities	-	-	-	-24.26	-	-
Other Investing Activities	0.42	1.9	0.11	-	-	-18.2
Investing Cash Flow	-83.39	-72.27	-18.32	-25.55	-43.86	-104.46
Long-Term Debt Issued	-	1,715	522	2,490	1,158	1,178
Long-Term Debt Repaid	-	-1,568	-848.15	-2,697	-1,451	-1,078
Net Debt Issued (Repaid)	435.76	146.65	-326.15	-207.77	-293.71	100
Common Dividends Paid	-60.6	-179.72	-111.11	-67.11	-81.88	-84.72
Other Financing Activities	-577.72	-210.61	-4.64	-6.49	-6.09	-6.09
Financing Cash Flow	-202.55	-243.68	-441.91	-281.37	-381.67	9.19
Foreign Exchange Rate Adjustments	1.29	-1.18	0.83	0.31	-0.01	-
Net Cash Flow	119.86	49.76	-68.44	-78.53	-158.57	144.09
Free Cash Flow	320.64	292.71	372.37	216.67	222.41	152.56
Free Cash Flow Growth	-23.44%	-21.39%	71.86%	-2.58%	45.79%	-
Free Cash Flow Margin	14.06%	13.08%	15.25%	9.41%	10.51%	8.17%
Free Cash Flow Per Share	1.81	1.66	2.10	1.23	1.26	0.86
Cash Income Tax Paid	142.43	90.06	56.63	77.66	58.38	14.81
Levered Free Cash Flow	129.97	-129.41	951.13	189.92	75.41	50.64
Unlevered Free Cash Flow	165.26	-91.66	997.81	232.21	128.48	103.62
Change in Working Capital	39.14	39.14	-36.77	-40.6	-17.01	86.87

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