Zhejiang Hangmin Co.,Ltd 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	842.41	719.71	685.17	658.01	666.61
Depreciation & Amortization	266.48	283.44	268.19	268.67	268.72
Other Amortization	2.67	6.07	2.41	2.02	1.8
Loss (Gain) From Sale of Assets	-0.09	-5.17	-2.23	-16.06	-6.02
Asset Writedown & Restructuring Costs	4.83	16.19	11.88	0.91	6.22
Loss (Gain) From Sale of Investments	112.39	34.48	-37.47	-69.36	-44.81
Provision & Write-off of Bad Debts	-	-2.12	3.87	-3.15	5.76
Other Operating Activities	61.47	190.72	131.4	151.86	136.46
Change in Accounts Receivable	57.81	351.94	-67.21	45.31	-309.01
Change in Inventory	-594.04	-172.82	-261.98	-63.53	-208.73
Change in Accounts Payable	291.78	-155.67	48.52	-87.43	114.06
Change in Other Net Operating Assets	-	-	-	-	0.06
Operating Cash Flow	1,048	1,276	778.35	883.28	626.62
Operating Cash Flow Growth	-17.86%	63.91%	-11.88%	40.96%	-40.77%
Capital Expenditures	-278.58	-178.9	-226.36	-223.82	-278.5
Sale of Property, Plant & Equipment	51.19	16.45	7.86	46.86	11.09
Cash Acquisitions	-	-308.44	-	-	-2.3
Investment in Securities	-	-19.09	1,196	-327.83	-347.23
Other Investing Activities	-150.56	-12.02	36.19	49.6	30.79
Investing Cash Flow	-377.95	-501.99	1,014	-351.04	-474.9
Short-Term Debt Issued	-	22	21.5	-	-
Long-Term Debt Issued	70	-	-	-	-
Total Debt Issued	70	22	21.5	-	-
Short-Term Debt Repaid	-	-41.5	-20	-47.5	-
Long-Term Debt Repaid	-22	-6.82	-5.85	-5.24	-115.47
Total Debt Repaid	-22	-48.32	-25.85	-52.74	-115.47
Net Debt Issued (Repaid)	48	-26.32	-4.35	-52.74	-115.47
Repurchase of Common Stock	-	-218.75	-	-	-165.43
Common Dividends Paid	-407.7	-380.46	-344.21	-337.38	-239.26
Other Financing Activities	163.62	-361.11	306.87	-75.62	150.03
Financing Cash Flow	-196.08	-986.64	-41.68	-465.75	-370.13
Foreign Exchange Rate Adjustments	-2.34	0.36	-0.28	0.74	-0.21
Net Cash Flow	471.58	-212.46	1,750	67.23	-218.62
Free Cash Flow	769.37	1,097	551.99	659.46	348.12
Free Cash Flow Growth	-29.86%	98.72%	-16.30%	89.43%	-58.41%
Free Cash Flow Margin	7.17%	9.56%	5.71%	6.89%	3.67%
Free Cash Flow Per Share	0.75	1.05	0.52	0.63	0.32
Cash Income Tax Paid	532.29	471.79	403.73	471.04	378.03
Levered Free Cash Flow	799.37	601.48	638.28	578.66	303.04
Unlevered Free Cash Flow	799.37	638.13	658.17	596.25	320.75
Change in Working Capital	-242.21	32.48	-284.87	-109.62	-408.12

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