Hefei Conver Holding 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	163.78	167.93	152.36	162.14	56.91	43.72
Depreciation & Amortization	42.61	42.61	28.36	19.33	14.27	12.49
Other Amortization	27.28	27.28	21.02	20.75	16.08	14.19
Loss (Gain) From Sale of Assets	-0.11	-0.11	-0.17	0.07	-	-0.2
Asset Writedown & Restructuring Costs	0.78	0.78	0.82	1.21	0.75	1.24
Provision & Write-off of Bad Debts	6.28	6.28	2.62	1.56	3.32	2.33
Other Operating Activities	30.4	4.42	3.01	2.81	3.24	4.19
Change in Accounts Receivable	-223.23	-223.23	-253.48	-51.92	-127.51	-71.2
Change in Inventory	-27.93	-27.93	-8.12	-11.32	-8.89	1.77
Change in Accounts Payable	153.18	153.18	126.72	-15.87	74.92	30.34
Change in Other Net Operating Assets	1.21	1.21	1.21	1.68	2.74	0.76
Operating Cash Flow	170.87	149.03	72.78	135.7	34.17	39.55
Operating Cash Flow Growth	32.92%	104.78%	-46.37%	297.16%	-13.61%	9.13%
Capital Expenditures	-128.06	-240.4	-116.18	-59.86	-30.23	-28.7
Sale of Property, Plant & Equipment	0.49	0.11	0.17	0.03	0.07	0.01
Investing Cash Flow	-403.55	-240.29	-116.01	-59.83	-30.16	-28.69
Short-Term Debt Issued	-	-	-	-	-	75.1
Long-Term Debt Issued	-	197.55	67.78	18	63	-
Total Debt Issued	45.33	197.55	67.78	18	63	75.1
Short-Term Debt Repaid	-	-	-	-	-	-75.6
Long-Term Debt Repaid	-	-78.7	-28	-63	-65.5	-
Total Debt Repaid	-237.26	-78.7	-28	-63	-65.5	-75.6
Net Debt Issued (Repaid)	-191.94	118.86	39.78	-45	-2.5	-0.5
Issuance of Common Stock	706.58	-	-	-	-	-
Common Dividends Paid	-67.37	-4.3	-1.35	-1.7	-12.53	-2.93
Dividends Paid	-67.37	-4.3	-1.35	-1.7	-12.53	-2.93
Other Financing Activities	-39.25	-10.57	-2.81	-5.31	22.23	5.92
Financing Cash Flow	408.02	103.99	35.62	-52.01	7.2	2.49
Net Cash Flow	175.34	12.73	-7.61	23.85	11.21	13.35
Free Cash Flow	42.82	-91.36	-43.4	75.84	3.94	10.85
Free Cash Flow Growth	-	-	-	1826.48%	-63.71%	4.93%
Free Cash Flow Margin	3.48%	-8.50%	-5.68%	12.07%	0.94%	3.70%
Free Cash Flow Per Share	0.38	-0.97	-0.46	0.81	0.04	0.11
Cash Income Tax Paid	79.51	67.31	52.11	41.04	25.27	15.55
Levered Free Cash Flow	-	-52.26	-142.69	173.31	20.93	26.51
Unlevered Free Cash Flow	-	-49.81	-141.17	175.03	23.24	28.4
Change in Working Capital	-100.15	-100.15	-135.24	-72.16	-60.4	-38.41

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