Ningbo Marine 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	65.55	27.38	22.12	111.76	113.75	314.9
Depreciation & Amortization	498.42	498.42	491.29	455.19	415.74	408.53
Other Amortization	0.4	0.4	0.3	-	-	0.6
Loss (Gain) From Sale of Assets	-2.47	-2.47	-0.01	-31.89	-22.4	-55.16
Asset Writedown & Restructuring Costs	-0	-0	2	-0.03	0.01	0.04
Loss (Gain) From Sale of Investments	-27.74	-27.74	-12.36	19.82	-12.78	-82.18
Provision & Write-off of Bad Debts	-0.63	-0.63	0.35	-0.57	0.24	-0.45
Other Operating Activities	-54.98	47.16	45.68	115.73	132.37	197.97
Change in Accounts Receivable	156.77	156.77	-118.62	155.89	-89.32	141.92
Change in Inventory	2.49	2.49	1.02	10.29	-15.95	-12.96
Change in Accounts Payable	-1.72	-1.72	33.29	10.2	-32.02	-40.86
Operating Cash Flow	639.97	703.94	471.62	825.09	491.49	892.65
Operating Cash Flow Growth	19.47%	49.26%	-42.84%	67.88%	-44.94%	67.40%
Capital Expenditures	-135.99	-139.76	-143.33	-102.67	-255.89	-283.15
Sale of Property, Plant & Equipment	20.78	20.78	0.01	58.57	32.31	69.71
Investment in Securities	-	-	54.57	-122.22	-	-342.22
Other Investing Activities	7.18	5.84	5	32.55	5.19	0.88
Investing Cash Flow	-108.04	-113.14	-83.76	-133.78	-218.4	-554.78
Long-Term Debt Issued	-	630	205	230	240	112.9
Long-Term Debt Repaid	-	-789.53	-584.86	-505.73	-412.23	-427.47
Net Debt Issued (Repaid)	-134.53	-159.53	-379.86	-275.73	-172.23	-314.56
Common Dividends Paid	-46.05	-47.78	-71.72	-87.48	-159.76	-148.89
Other Financing Activities	-51.09	-54.34	-68.12	-40.68	-130.83	-109.91
Financing Cash Flow	-231.67	-261.65	-519.7	-403.89	-462.82	-573.37
Foreign Exchange Rate Adjustments	-5.26	-3.4	1.7	-0.08	0.04	0.1
Net Cash Flow	295	325.74	-130.14	287.34	-189.68	-235.4
Free Cash Flow	503.97	564.17	328.29	722.42	235.6	609.5
Free Cash Flow Growth	25.61%	71.86%	-54.56%	206.63%	-61.35%	75.63%
Free Cash Flow Margin	17.22%	20.88%	13.50%	31.87%	11.36%	26.01%
Free Cash Flow Per Share	0.42	0.47	0.27	0.60	0.20	0.51
Cash Income Tax Paid	61.41	52.45	72.91	104.98	111.7	141.98
Levered Free Cash Flow	462.45	456	250.14	652.38	111.95	449.15
Unlevered Free Cash Flow	478.9	473.53	273.01	684.86	151.66	497.57
Change in Working Capital	161.41	161.41	-77.76	155.08	-135.45	108.4

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