Nanjing Tanker 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	1,459	1,311	1,921	1,557	1,434	296.44
Depreciation & Amortization	472.66	472.66	482.06	473.1	487.85	473.09
Other Amortization	174.82	174.82	173.83	178.2	162.33	127.5
Loss (Gain) From Sale of Assets	-2.42	-2.42	-266.73	-15.58	-25.16	-13.34
Asset Writedown & Restructuring Costs	0.97	0.97	-48.5	0.04	-	69.62
Provision & Write-off of Bad Debts	29.82	29.82	30.28	12.85	2.34	0.24
Other Operating Activities	-209.47	27.9	63.92	92.99	75.19	132.8
Change in Accounts Receivable	-32.09	-32.09	-22.92	105.55	-249.58	-56.52
Change in Inventory	-18.7	-18.7	8.82	14.01	-55.93	-87.26
Change in Accounts Payable	124.57	124.57	137.79	38.02	120.17	-73.46
Operating Cash Flow	1,994	2,084	2,484	2,460	1,957	852.79
Operating Cash Flow Growth	-6.11%	-16.11%	1.00%	25.69%	129.50%	-56.80%
Capital Expenditures	-1,036	-877.1	-1,292	-1,120	-728.52	-390.6
Sale of Property, Plant & Equipment	389.19	10.21	574.12	32.46	58.83	93.64
Other Investing Activities	0.91	0.05	5.68	-	-	-
Investing Cash Flow	-645.74	-866.84	-712.34	-1,087	-669.69	-296.96
Long-Term Debt Issued	-	200	-	1,316	628.4	50
Long-Term Debt Repaid	-	-760.11	-315.7	-1,675	-1,002	-712.93
Net Debt Issued (Repaid)	-359.18	-560.11	-315.7	-359.14	-374.05	-662.93
Repurchase of Common Stock	-400.06	-400.06	-150.19	-	-	-200.26
Common Dividends Paid	-20.19	-26.72	-49.83	-65.73	-70.96	-80.63
Other Financing Activities	-17.64	-18	19.08	-	-9	-0.16
Financing Cash Flow	-797.07	-1,005	-496.64	-424.88	-454.01	-943.98
Foreign Exchange Rate Adjustments	-75.19	-36.23	37.57	30.36	69.69	-27.5
Net Cash Flow	476.11	176.29	1,313	978.1	903.15	-415.64
Free Cash Flow	958.27	1,207	1,192	1,340	1,229	462.19
Free Cash Flow Growth	11.64%	1.24%	-11.03%	9.08%	165.83%	-69.15%
Free Cash Flow Margin	15.93%	20.74%	18.41%	21.63%	19.61%	11.97%
Free Cash Flow Per Share	0.20	0.25	0.25	0.28	0.25	0.09
Cash Income Tax Paid	272.14	239.42	401.45	338.52	234.48	153.55
Levered Free Cash Flow	501.28	809.19	631.23	764.11	735.53	362.93
Unlevered Free Cash Flow	516.73	824.63	674.17	828.44	790.94	422.29
Change in Working Capital	69.01	69.01	128.52	161.31	-179.72	-233.55

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