Hunan New Wellful Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	39.32	-1,203	-77.7	-296.3
Depreciation & Amortization	952.8	922.53	580.38	311.65
Other Amortization	209.94	193.94	139.08	70.8
Loss (Gain) From Sale of Assets	39.61	39.94	-76.87	-0.34
Asset Writedown & Restructuring Costs	3.1	0.53	1.92	0.41
Loss (Gain) From Sale of Investments	8.68	0.63	-23.51	-2.7
Provision & Write-off of Bad Debts	13.97	2.41	1.81	4.43
Other Operating Activities	142.15	253.21	165.77	179.82
Change in Accounts Receivable	-132.03	-63.83	38.24	-48.37
Change in Inventory	-1,522	-1,652	-946.65	-752.44
Change in Accounts Payable	1,107	864.6	241.08	85.85
Change in Other Net Operating Assets	-	-	-	-0.01
Operating Cash Flow	856.52	-642.35	44.7	-449.82
Capital Expenditures	-140.09	-333.19	-257.04	-506.49
Sale of Property, Plant & Equipment	1.15	3.61	6.56	0.5
Cash Acquisitions	-	-	5.37	-2.09
Investment in Securities	-4.38	-240.81	-160.66	-27.74
Other Investing Activities	-	0.1	2.23	0.04
Investing Cash Flow	-143.31	-570.14	-403.68	-535.78
Short-Term Debt Issued	140.97	194.1	-	-
Long-Term Debt Issued	2,103	2,957	1,507	2,296
Total Debt Issued	2,244	3,151	1,507	2,296
Short-Term Debt Repaid	-194.1	-	-	-
Long-Term Debt Repaid	-3,071	-2,482	-1,672	-1,750
Total Debt Repaid	-3,265	-2,482	-1,672	-1,750
Net Debt Issued (Repaid)	-1,022	668.59	-165.14	546.55
Issuance of Common Stock	22.65	1,528	-	1,182
Common Dividends Paid	-80.69	-87.14	-74.43	-112.07
Other Financing Activities	-13.92	-46.99	18.32	-30.37
Financing Cash Flow	-1,094	2,062	-221.25	1,586
Net Cash Flow	-380.47	849.61	-580.23	600.33
Free Cash Flow	716.43	-975.55	-212.34	-956.31
Free Cash Flow Margin	10.17%	-17.32%	-4.24%	-39.12%
Free Cash Flow Per Share	0.55	-0.83	-0.25	-1.42
Cash Income Tax Paid	12.96	11.33	6.97	-9.99
Levered Free Cash Flow	862.94	-303.45	341.59	-478.16
Unlevered Free Cash Flow	838.5	-322.27	338.48	-466.99
Change in Working Capital	-553.06	-852.13	-666.16	-717.59

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