Jiangsu Jiangnan Water Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	405.88	402	323.39	280.42	276.4	243.99
Depreciation & Amortization	243.47	243.47	261.13	247.2	213.75	236.14
Other Amortization	5.25	5.25	2.77	4.79	3.83	3.11
Loss (Gain) on Sale of Assets	-0.05	-0.05	-15.79	-0.33	-0.57	2.16
Loss (Gain) on Sale of Investments	-133.45	-133.45	-32.06	-3.37	-20.02	-35.15
Asset Writedown	-0.19	-0.19	1.67	0.18	53.75	14.33
Change in Accounts Receivable	-284.14	-284.14	-45.51	-133.79	-150.45	-39.51
Change in Inventory	-4.26	-4.26	-3.29	-4.21	-19.77	-5.39
Change in Accounts Payable	164.55	164.55	35.35	164.25	127.1	139.04
Change in Other Net Operating Assets	-	-	-	-0.02	0.26	-0.15
Other Operating Activities	-45.76	-47.28	-45.23	-41.49	-23.44	3.9
Operating Cash Flow	360.8	355.41	480.51	504.07	442.16	549.04
Operating Cash Flow Growth	-13.14%	-26.04%	-4.67%	14.00%	-19.47%	22.26%
Capital Expenditures	-179.98	-193.87	-211.63	-662.52	-181.16	-180.82
Sale of Property, Plant & Equipment	0.55	0.64	33.69	0.59	1.18	0.08
Cash Acquisitions	-	-	-	-12.74	-41.83	-130
Divestitures	-	-	-	-	-	-199.18
Investment in Securities	296.11	-114.64	-358.61	543	901.82	-222.53
Other Investing Activities	-94.69	140.82	102.53	-380.22	-1,614	5.37
Investing Cash Flow	22	-167.04	-434.03	-511.89	-933.75	-727.08
Long-Term Debt Issued	-	67.48	639.8	-	-	852.47
Long-Term Debt Repaid	-	-43	-589.84	-165.31	-111.71	-
Net Debt Issued (Repaid)	3.44	24.48	49.96	-165.31	-111.71	852.47
Common Dividends Paid	-142.55	-139.34	-109.24	-116.35	-111.23	-74.82
Other Financing Activities	5.79	-0.35	-2.29	-	-	-
Financing Cash Flow	-133.32	-115.21	-61.57	-281.66	-222.94	777.66
Net Cash Flow	249.48	73.15	-15.09	-289.48	-714.53	599.62
Free Cash Flow	180.82	161.54	268.88	-158.45	261	368.22
Free Cash Flow Growth	5.68%	-39.92%	-	-	-29.12%	1976.52%
Free Cash Flow Margin	11.70%	10.54%	19.71%	-12.50%	23.44%	38.63%
Free Cash Flow Per Share	0.19	0.17	0.29	-0.17	0.28	0.39
Cash Income Tax Paid	207.14	178.07	187.37	114.47	170.39	140.82
Levered Free Cash Flow	173.36	228.5	125.76	-396.47	55.83	313.62
Unlevered Free Cash Flow	187.69	242.77	143.12	-377.19	78.74	319.9
Change in Working Capital	-138.05	-138.05	-13.72	11.33	-47.52	73.64

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.