China Nerin Engineering 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	202.34	164.71	152.02	148.13	148.14	155.19
Depreciation & Amortization	26.34	26.34	21.02	29.36	22.87	20.78
Other Amortization	0.12	0.12	2.65	0.23	0.3	0.26
Loss (Gain) From Sale of Assets	-0.04	-0.04	-0.02	-1.2	-0.11	-0.1
Asset Writedown & Restructuring Costs	-3.22	-3.22	1.46	0.74	1.87	2.3
Loss (Gain) From Sale of Investments	0.05	0.05	2.14	15.86	74.04	10.51
Provision & Write-off of Bad Debts	-	-	34.9	66.19	23.98	11.55
Other Operating Activities	138.25	60.08	-0.07	0.8	-3.24	6.74
Change in Accounts Receivable	99.22	99.22	149.73	-471.72	-275.78	-227.37
Change in Inventory	353.21	353.21	-65.4	-477.97	-385.29	-13.61
Change in Accounts Payable	-492.42	-492.42	-121.11	891.58	714.73	180.12
Change in Other Net Operating Assets	3.64	3.64	5.54	4.79	8.1	10.68
Operating Cash Flow	320.85	205.05	172.46	199.66	325.46	147.88
Operating Cash Flow Growth	19.56%	18.90%	-13.63%	-38.65%	120.08%	-10.20%
Capital Expenditures	-66.16	-57.09	-28.59	-30.63	-47.24	-15.12
Sale of Property, Plant & Equipment	0.34	0.27	0.08	4.07	0.38	0.16
Divestitures	-	-	-	0.77	-	-
Investment in Securities	-	-	-1.75	-	-	-1.25
Other Investing Activities	-175	-145	-1.56	-	-0.79	113.63
Investing Cash Flow	-240.82	-201.82	-31.82	-25.8	-47.65	97.41
Short-Term Debt Issued	-	-	8	13.14	9.77	1.93
Long-Term Debt Issued	-	14	-	-	-	-
Total Debt Issued	12	14	8	13.14	9.77	1.93
Short-Term Debt Repaid	-	-	-8	-6	-	-
Long-Term Debt Repaid	-	-12	-2.96	-3.31	-	-
Total Debt Repaid	-13.94	-12	-10.96	-9.31	-	-
Net Debt Issued (Repaid)	-1.94	2	-2.96	3.83	9.77	1.93
Issuance of Common Stock	564.47	564.47	-	-	-	-
Common Dividends Paid	-60.33	-60.27	-58.72	-58.84	-58.69	-58.56
Other Financing Activities	-35.7	-35.71	-0.98	0.86	-5.29	-2.47
Financing Cash Flow	466.5	470.49	-62.65	-54.15	-54.2	-59.11
Foreign Exchange Rate Adjustments	-5.59	-3.89	0.49	1.48	9.43	-1.11
Net Cash Flow	540.94	469.83	78.47	121.2	233.03	185.07
Free Cash Flow	254.69	147.96	143.86	169.03	278.22	132.76
Free Cash Flow Growth	4.56%	2.85%	-14.89%	-39.24%	109.56%	-14.00%
Free Cash Flow Margin	12.78%	7.52%	5.81%	5.90%	10.63%	6.62%
Free Cash Flow Per Share	2.18	1.35	1.60	1.88	3.10	1.47
Cash Income Tax Paid	54.62	64.7	42.42	42.56	118.12	102.41
Levered Free Cash Flow	241.31	167.76	83.85	101.34	196.68	62.09
Unlevered Free Cash Flow	241.31	167.76	84.97	102.5	197.83	63.16
Change in Working Capital	-42.98	-42.98	-41.65	-60.45	57.62	-59.35

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