China Yangtze Power 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	36,083	34,503	32,496	27,245	23,726	26,273
Depreciation & Amortization	19,270	19,270	19,755	19,196	16,949	11,484
Other Amortization	259.38	259.38	24.9	31.55	23.17	13.75
Loss (Gain) on Sale of Assets	0.46	0.46	6.98	-6.34	52.13	-13.91
Loss (Gain) on Sale of Investments	-5,152	-5,152	-5,469	-4,587	-3,991	-5,415
Asset Writedown	34.18	34.18	14.18	24.81	13.38	0.09
Change in Accounts Receivable	1,851	1,851	-867.03	7,402	-7,301	-238.52
Change in Inventory	-183.31	-183.31	-32.37	-38.47	-24.77	-123.85
Change in Accounts Payable	-456.59	-456.59	1,976	1,931	2,974	-1,192
Change in Other Net Operating Assets	12.24	12.24	-5.62	-21.89	-	-
Other Operating Activities	8,241	9,958	11,755	13,535	11,025	4,691
Operating Cash Flow	60,426	60,563	59,648	64,749	43,477	35,732
Operating Cash Flow Growth	1.76%	1.53%	-7.88%	48.93%	21.67%	-12.93%
Capital Expenditures	-17,109	-18,488	-14,634	-12,417	-12,470	-3,474
Sale of Property, Plant & Equipment	3.88	4.83	9.54	6.96	37.04	22.04
Cash Acquisitions	-1,677	-1,621	-1,102	-596.4	34.2	-
Divestitures	0.79	2.59	6.98	2.27	-11.3	-
Investment in Securities	-321.22	-747.1	2,201	-2,137	-1,032	-5,087
Other Investing Activities	2,628	2,635	2,548	2,150	1,740	1,974
Investing Cash Flow	-16,474	-18,215	-10,971	-12,991	-11,702	-6,565
Short-Term Debt Issued	-	-	-	-	-	1,160
Long-Term Debt Issued	-	161,418	130,577	153,432	90,632	78,054
Total Debt Issued	150,565	161,418	130,577	153,432	90,632	79,214
Short-Term Debt Repaid	-	-14.83	-8.5	-14.15	-14.8	-
Long-Term Debt Repaid	-	-171,551	-149,038	-123,915	-83,887	-80,840
Total Debt Repaid	-159,041	-171,566	-149,046	-123,929	-83,901	-80,840
Net Debt Issued (Repaid)	-8,476	-10,148	-18,469	29,503	6,730	-1,626
Issuance of Common Stock	-	-	-	16,076	5,600	-
Common Dividends Paid	-32,999	-33,542	-31,508	-34,564	-32,922	-19,981
Other Financing Activities	-569.86	-654.88	-61.2	-65,618	-10,977	-6,775
Financing Cash Flow	-42,045	-44,344	-50,039	-54,604	-31,569	-28,381
Foreign Exchange Rate Adjustments	-22.82	5.55	17.08	27.54	141.69	-85.95
Net Cash Flow	1,885	-1,991	-1,344	-2,817	347.85	700.57
Free Cash Flow	43,317	42,074	45,014	52,332	31,007	32,259
Free Cash Flow Growth	3.39%	-6.53%	-13.98%	68.78%	-3.88%	-13.77%
Free Cash Flow Margin	49.60%	48.79%	53.28%	66.97%	45.03%	57.97%
Free Cash Flow Per Share	1.77	1.72	1.84	2.14	1.27	1.42
Cash Income Tax Paid	20,100	20,161	17,516	14,756	13,844	13,123
Levered Free Cash Flow	20,378	15,826	24,051	36,288	30,500	18,544
Unlevered Free Cash Flow	26,076	21,769	31,130	44,252	36,626	21,546
Change in Working Capital	1,665	1,665	1,033	9,309	-4,328	-1,311

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