Yutong Heavy Industries 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	309.4	227.08	218.4	385.62	392.91
Depreciation & Amortization	55.34	70.19	88.87	98.51	105.72
Other Amortization	0.33	0.27	1.69	2.66	2.83
Loss (Gain) From Sale of Assets	-0.23	-1.35	-0.71	-5.96	-1.51
Asset Writedown & Restructuring Costs	0.23	-	0.08	0.1	-
Loss (Gain) From Sale of Investments	-157.82	-30.26	-28.39	-35.1	-25.96
Provision & Write-off of Bad Debts	16.61	42.83	117.98	69.44	29.73
Other Operating Activities	35.72	58.17	18.23	35.66	43.23
Change in Accounts Receivable	616.08	-11.92	-259.45	-266.21	-343.99
Change in Inventory	24.83	72.53	-54.48	99.24	-137.69
Change in Accounts Payable	-872.37	192.63	-48.19	-463.21	65.19
Operating Cash Flow	3.27	571.53	35.95	-89.69	84.38
Operating Cash Flow Growth	-99.43%	1489.88%	-	-	-81.86%
Capital Expenditures	-30.56	-20.37	-21.32	-52.69	-41.58
Sale of Property, Plant & Equipment	0.62	2.02	1.11	22.14	6.56
Divestitures	119.23	22.59	-	-	-
Investment in Securities	-907.93	371.63	-277.37	-178.86	10.13
Other Investing Activities	178.07	-4.64	26.91	21.16	19.63
Investing Cash Flow	-587.34	371.24	-270.67	-188.25	-5.25
Short-Term Debt Repaid	-	-	-	-	-0.3
Long-Term Debt Repaid	-	-2.03	-2.19	-56.22	-24.24
Total Debt Repaid	-	-2.03	-2.19	-56.22	-24.54
Net Debt Issued (Repaid)	-	-2.03	-2.19	-56.22	-24.54
Issuance of Common Stock	16.47	34.33	-	39.42	118.6
Repurchase of Common Stock	-26.29	-43.66	-20.06	-65.99	-3.84
Common Dividends Paid	-204.56	-268.82	-201.7	-185.94	-4.29
Other Financing Activities	-16.4	-0.3	-1.45	-8.17	4.65
Financing Cash Flow	-230.78	-280.48	-225.4	-276.89	90.58
Foreign Exchange Rate Adjustments	-0.13	0	-0.17	-0.01	0.2
Net Cash Flow	-814.99	662.29	-460.28	-554.85	169.91
Free Cash Flow	-27.29	551.16	14.63	-142.38	42.8
Free Cash Flow Growth	-	3668.31%	-	-	-90.02%
Free Cash Flow Margin	-0.78%	14.51%	0.50%	-3.97%	1.14%
Free Cash Flow Per Share	-0.05	1.04	0.03	-0.27	0.08
Cash Income Tax Paid	231.74	204.77	177.41	157.45	159.84
Levered Free Cash Flow	9.15	529.5	-132.62	-414.17	-119.83
Unlevered Free Cash Flow	9.56	532	-131.7	-412.78	-116.33
Change in Working Capital	-256.32	204.59	-380.2	-640.62	-462.56

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.