Huaibei Mining Holdings 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	1,506	4,855	6,225	7,011	4,908
Depreciation & Amortization	4,000	3,642	4,416	4,317	2,905
Other Amortization	119	6.41	4.9	4.28	3.52
Loss (Gain) From Sale of Assets	-50.36	-12.06	-142.98	-43.81	7.52
Asset Writedown & Restructuring Costs	100.07	150.39	1.55	473.92	85.79
Loss (Gain) From Sale of Investments	-154.97	-161.6	-186.05	-108.11	-44.93
Provision & Write-off of Bad Debts	287.61	186.71	18.55	-0.35	199.96
Other Operating Activities	14.01	256.59	719.4	860.04	1,187
Change in Accounts Receivable	-954.62	-5,443	-13,828	-13,378	-28,238
Change in Inventory	1,077	-231.1	-326.93	-347.04	-1,020
Change in Accounts Payable	-418.72	5,954	16,321	17,922	31,249
Operating Cash Flow	5,428	9,063	13,031	16,669	11,053
Operating Cash Flow Growth	-40.11%	-30.45%	-21.83%	50.81%	100.67%
Capital Expenditures	-7,346	-8,559	-8,004	-7,160	-5,472
Sale of Property, Plant & Equipment	3.8	108.85	310.86	293.75	103.8
Divestitures	50.74	0.64	7.46	-0.03	-
Investment in Securities	-807.49	1,703	-1,009	-1,068	-669.63
Other Investing Activities	245.65	130.2	97.04	86.9	64.51
Investing Cash Flow	-7,853	-6,616	-8,597	-7,848	-5,974
Long-Term Debt Issued	4,782	2,156	4,356	8,073	10,346
Long-Term Debt Repaid	-1,462	-3,354	-8,957	-11,168	-10,961
Net Debt Issued (Repaid)	3,320	-1,198	-4,602	-3,095	-615.37
Issuance of Common Stock	279.7	-	-	41.1	50.02
Common Dividends Paid	-2,402	-2,918	-3,175	-2,323	-2,525
Other Financing Activities	-408.16	670.61	175.39	-162.13	-28.46
Financing Cash Flow	789.73	-3,446	-7,602	-5,539	-3,119
Foreign Exchange Rate Adjustments	-0.5	-1.45	-0.76	-0.43	-0.5
Net Cash Flow	-1,636	-1,001	-3,169	3,282	1,960
Free Cash Flow	-1,918	503.45	5,027	9,509	5,580
Free Cash Flow Growth	-	-89.98%	-47.13%	70.39%	-
Free Cash Flow Margin	-4.65%	0.77%	6.85%	13.77%	8.53%
Free Cash Flow Per Share	-0.71	0.19	1.90	3.62	2.38
Cash Interest Paid	-	18.12	13.68	17.14	30.91
Cash Income Tax Paid	-	4,092	4,598	6,452	2,608
Levered Free Cash Flow	-619.51	-1,106	2,579	4,450	2,417
Unlevered Free Cash Flow	-293.94	-769.86	3,076	4,864	2,868
Change in Working Capital	-393.76	136.9	1,962	4,140	1,795

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