Jilin Expressway 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	544.91	538.83	546.49	393.62	318.44	99.21
Depreciation & Amortization	247.83	247.83	325.74	318.26	311.03	249.63
Other Amortization	0.25	0.25	0.7	1.26	1.43	1.43
Loss (Gain) From Sale of Assets	-0.06	-0.06	0.12	4.62	24.28	-0.38
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.02
Loss (Gain) From Sale of Investments	-	-	-	-	0.16	-0
Provision & Write-off of Bad Debts	1.68	1.68	5.26	3.37	2.18	-
Other Operating Activities	79.23	61.25	52.62	80.37	93.44	47.82
Change in Accounts Receivable	48.51	48.51	48.35	-64.86	39.15	68.67
Change in Inventory	176.9	176.9	-257.79	157.21	-23.23	-135.61
Change in Accounts Payable	-301.13	-301.13	284.84	-248.32	18.32	75.28
Operating Cash Flow	809.55	785.49	1,008	643.62	785.07	405.65
Operating Cash Flow Growth	34.78%	-22.11%	56.69%	-18.02%	93.53%	-15.53%
Capital Expenditures	-17.2	-18.23	-15.13	-19.44	-56.55	-115.65
Sale of Property, Plant & Equipment	-0	0.17	0.17	0.58	0.79	2.06
Cash Acquisitions	-	-	-	-	-	20.51
Investment in Securities	-	-	-7.28	-	-	-
Investing Cash Flow	-17.2	-18.05	-22.25	-18.87	-55.76	-93.08
Long-Term Debt Issued	-	400	400	798.82	-	-
Long-Term Debt Repaid	-	-822.3	-802.06	-1,571	-364.64	-256
Total Debt Repaid	-422.3	-822.3	-802.06	-1,571	-364.64	-256
Net Debt Issued (Repaid)	-422.3	-422.3	-402.06	-772.03	-364.64	-256
Common Dividends Paid	-171.89	-185.69	-14.79	-74.74	-80.7	-100.58
Other Financing Activities	-0.01	-0.61	-0.62	2.59	-3.59	3.2
Financing Cash Flow	-594.19	-608.6	-417.47	-844.18	-448.92	-353.38
Net Cash Flow	198.15	158.84	568.78	-219.43	280.38	-40.81
Free Cash Flow	792.34	767.26	993.36	624.18	728.52	290
Free Cash Flow Growth	37.33%	-22.76%	59.15%	-14.32%	151.21%	-23.92%
Free Cash Flow Margin	52.07%	51.69%	68.64%	42.78%	57.27%	34.10%
Free Cash Flow Per Share	0.42	0.41	0.53	0.33	0.39	0.15
Cash Income Tax Paid	176.57	244.22	198.42	197.03	124.28	57.17
Levered Free Cash Flow	625.92	580.22	827.59	493.15	531.81	148.98
Unlevered Free Cash Flow	628.5	586.12	840.65	518.31	582.75	211.44
Change in Working Capital	-64.29	-64.29	77.58	-157.89	34.12	7.93

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