Bafang Electric (Suzhou) 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	79.49	63.85	127.86	512.09	606.62	402.29
Depreciation & Amortization	52.96	52.96	42.7	43.06	18.13	7.67
Other Amortization	3.93	3.93	2.46	2.5	1.19	0.09
Loss (Gain) From Sale of Assets	-6.48	-6.48	0.11	0.03	-48.91	-0.21
Asset Writedown & Restructuring Costs	-	-	0.27	34.44	1.81	0.99
Loss (Gain) From Sale of Investments	-9.29	-9.29	-9.39	-1.34	-10.49	-28.61
Stock-Based Compensation	-	-	-	-7.55	13	2.24
Provision & Write-off of Bad Debts	16.32	16.32	23.72	-3.23	17.17	5.17
Other Operating Activities	35.19	-27.84	-23.89	-12.6	-15.24	-4.36
Change in Accounts Receivable	-31.82	-31.82	245.08	87.23	-408.7	-135.43
Change in Inventory	24.57	24.57	114.44	-9.33	-133.94	-120.07
Change in Accounts Payable	72.85	72.85	-60.37	-283.76	299.34	103.19
Operating Cash Flow	244.65	165.98	458.41	350.8	334.94	231.45
Operating Cash Flow Growth	695.80%	-63.79%	30.67%	4.74%	44.71%	-13.80%
Capital Expenditures	-93.24	-114.65	-287.18	-268.02	-226.43	-112.93
Sale of Property, Plant & Equipment	34.19	21.62	0.06	1.23	32.5	32.71
Investment in Securities	-482.47	-790	195	-195	-	980
Other Investing Activities	21.74	27.95	19.01	19.22	29.26	39.09
Investing Cash Flow	-519.77	-855.08	-73.12	-442.57	-164.66	938.87
Long-Term Debt Issued	-	1.19	2.48	-	-	-
Long-Term Debt Repaid	-	-7.54	-6.2	-11.67	-8.61	-
Net Debt Issued (Repaid)	-6.34	-6.34	-3.71	-11.67	-8.61	-
Issuance of Common Stock	-	-	-	-	-	25.21
Repurchase of Common Stock	-7.46	-7.46	-7.84	-67.88	-0.85	-
Common Dividends Paid	-23.46	-167.58	-239.41	-240.47	-240.96	-120
Other Financing Activities	3.47	-	-	-	-	-1.05
Financing Cash Flow	-33.8	-181.39	-250.96	-320.01	-250.42	-95.84
Foreign Exchange Rate Adjustments	4.98	3	2.58	17.34	-2.72	-7.24
Net Cash Flow	-303.94	-867.49	136.9	-394.43	-82.87	1,067
Free Cash Flow	151.41	51.33	171.22	82.78	108.51	118.52
Free Cash Flow Growth	-	-70.02%	106.83%	-23.71%	-8.44%	-50.97%
Free Cash Flow Margin	10.98%	3.78%	10.39%	2.90%	4.10%	8.48%
Free Cash Flow Per Share	0.63	0.22	0.72	0.35	0.46	0.50
Cash Income Tax Paid	18.53	13.43	28.02	134.15	90.38	70.2
Levered Free Cash Flow	35.12	-65.62	171.55	24.84	-17.59	94.79
Unlevered Free Cash Flow	35.46	-65.21	171.99	25.49	-16.83	94.79
Change in Working Capital	72.53	72.53	294.58	-216.59	-248.34	-153.84

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.