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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	491.64	490.84	538.83	546.49	393.62	318.44
Depreciation & Amortization	249.15	249.15	248.08	325.74	318.26	311.03
Other Amortization	0.25	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	4.48	-	-	-	0.16
Provision & Write-off of Bad Debts	-13.36	-13.36	1.68	5.26	3.37	2.18
Other Operating Activities	49.94	47.23	61.25	52.62	80.37	93.44
Change in Accounts Receivable	-33.29	-33.29	48.51	48.35	-64.86	39.15
Change in Inventory	-32.32	-32.32	176.9	-257.79	157.21	-23.23
Change in Accounts Payable	104.84	104.84	-301.13	284.84	-248.32	18.32
Operating Cash Flow	823.06	819.55	785.49	1,008	643.62	785.07
Operating Cash Flow Growth	13.17%	4.34%	-22.11%	56.69%	-18.02%	93.53%
Capital Expenditures	-23.74	-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	-23.74	-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	-15.02	-822.3	-802.06	-1,571	-364.64
Net Debt Issued (Repaid)	-15.02	-15.02	-422.3	-402.06	-772.03	-364.64
Common Dividends Paid	-164.4	-164.28	-185.69	-14.79	-74.74	-80.7
Other Financing Activities	-0.01	-0.01	-0.61	-0.62	2.59	-3.59
Financing Cash Flow	-179.43	-179.31	-608.6	-417.47	-844.18	-448.92
Net Cash Flow	619.89	622.14	158.84	568.78	-219.43	280.38
Free Cash Flow	799.32	801.45	767.26	993.36	624.18	728.52
Free Cash Flow Growth	12.33%	4.46%	-22.76%	59.15%	-14.32%	151.21%
Free Cash Flow Margin	57.90%	58.59%	51.69%	68.64%	42.78%	57.27%
Free Cash Flow Per Share	0.42	0.42	0.41	0.53	0.33	0.39
Cash Income Tax Paid	172	173.39	244.22	198.42	197.03	124.28
Levered Free Cash Flow	661.46	661.56	578.52	827.59	493.15	531.81
Unlevered Free Cash Flow	661.46	661.56	584.43	840.65	518.31	582.75
Change in Working Capital	40.96	40.96	-64.29	77.58	-157.89	34.12

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