Jilin Expressway 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	490.84	538.83	546.49	393.62	318.44
Depreciation & Amortization	249.15	248.08	325.74	318.26	311.03
Other Amortization	0.25	-	0.7	1.26	1.43
Loss (Gain) From Sale of Assets	-	-0.06	0.12	4.62	24.28
Loss (Gain) From Sale of Investments	4.48	-	-	-	0.16
Provision & Write-off of Bad Debts	-13.36	1.68	5.26	3.37	2.18
Other Operating Activities	47.23	61.25	52.62	80.37	93.44
Change in Accounts Receivable	-33.29	48.51	48.35	-64.86	39.15
Change in Inventory	-32.32	176.9	-257.79	157.21	-23.23
Change in Accounts Payable	104.84	-301.13	284.84	-248.32	18.32
Operating Cash Flow	819.55	785.49	1,008	643.62	785.07
Operating Cash Flow Growth	4.34%	-22.11%	56.69%	-18.02%	93.53%
Capital Expenditures	-18.1	-18.23	-15.13	-19.44	-56.55
Sale of Property, Plant & Equipment	-	0.17	0.17	0.58	0.79
Investment in Securities	-	-	-7.28	-	-
Investing Cash Flow	-18.1	-18.05	-22.25	-18.87	-55.76
Long-Term Debt Issued	-	400	400	798.82	-
Long-Term Debt Repaid	-15.02	-822.3	-802.06	-1,571	-364.64
Total Debt Repaid	-15.02	-822.3	-802.06	-1,571	-364.64
Net Debt Issued (Repaid)	-15.02	-422.3	-402.06	-772.03	-364.64
Common Dividends Paid	-164.28	-185.69	-14.79	-74.74	-80.7
Other Financing Activities	-0.01	-0.61	-0.62	2.59	-3.59
Financing Cash Flow	-179.31	-608.6	-417.47	-844.18	-448.92
Net Cash Flow	622.14	158.84	568.78	-219.43	280.38
Free Cash Flow	801.45	767.26	993.36	624.18	728.52
Free Cash Flow Growth	4.46%	-22.76%	59.15%	-14.32%	151.21%
Free Cash Flow Margin	58.59%	51.69%	68.64%	42.78%	57.27%
Free Cash Flow Per Share	0.42	0.41	0.53	0.33	0.39
Cash Income Tax Paid	173.39	244.22	198.42	197.03	124.28
Levered Free Cash Flow	661.56	578.52	827.59	493.15	531.81
Unlevered Free Cash Flow	661.56	584.43	840.65	518.31	582.75
Change in Working Capital	40.96	-64.29	77.58	-157.89	34.12

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