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 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	125.73	102.82	63.85	127.86	512.09	606.62
Depreciation & Amortization	57.8	57.8	55.52	42.7	43.06	18.13
Other Amortization	3.11	3.11	1.37	2.46	2.5	1.19
Loss (Gain) From Sale of Assets	0.12	0.12	-6.48	0.11	0.03	-48.91
Asset Writedown & Restructuring Costs	3.44	3.44	-	0.27	34.44	1.81
Loss (Gain) From Sale of Investments	-18.06	-18.06	-9.29	-9.39	-1.34	-10.49
Stock-Based Compensation	-	-	-	-	-7.55	13
Provision & Write-off of Bad Debts	10.67	10.67	16.32	23.72	-3.23	17.17
Other Operating Activities	-125.31	-44.5	-27.84	-23.89	-12.6	-15.24
Change in Accounts Receivable	-125.64	-125.64	-31.82	245.08	87.23	-408.7
Change in Inventory	-16.36	-16.36	24.57	114.44	-9.33	-133.94
Change in Accounts Payable	169.42	169.42	72.85	-60.37	-283.76	299.34
Operating Cash Flow	84.09	142	165.98	458.41	350.8	334.94
Operating Cash Flow Growth	-54.85%	-14.45%	-63.79%	30.67%	4.74%	44.71%
Capital Expenditures	-35.16	-92.59	-114.65	-287.18	-268.02	-226.43
Sale of Property, Plant & Equipment	14.8	14.8	21.62	0.06	1.23	32.5
Investment in Securities	-530	-148	-790	195	-195	-
Other Investing Activities	18.62	19.37	27.95	19.01	19.22	29.26
Investing Cash Flow	-531.74	-206.42	-855.08	-73.12	-442.57	-164.66
Long-Term Debt Issued	-	-	1.19	2.48	-	-
Long-Term Debt Repaid	-	-7.4	-7.54	-6.2	-11.67	-8.61
Net Debt Issued (Repaid)	-7.4	-7.4	-6.34	-3.71	-11.67	-8.61
Repurchase of Common Stock	-	-	-7.46	-7.84	-67.88	-0.85
Common Dividends Paid	-23.46	-23.46	-167.58	-239.41	-240.47	-240.96
Other Financing Activities	-0.58	-	-	-	-	-
Financing Cash Flow	-31.44	-30.86	-181.39	-250.96	-320.01	-250.42
Foreign Exchange Rate Adjustments	1.15	5.68	3	2.58	17.34	-2.72
Net Cash Flow	-477.93	-89.61	-867.49	136.9	-394.43	-82.87
Free Cash Flow	48.93	49.41	51.33	171.22	82.78	108.51
Free Cash Flow Growth	-30.73%	-3.75%	-70.02%	106.83%	-23.71%	-8.44%
Free Cash Flow Margin	3.47%	3.70%	3.78%	10.39%	2.90%	4.10%
Free Cash Flow Per Share	0.21	0.21	0.22	0.72	0.35	0.46
Cash Income Tax Paid	13.94	14.93	13.43	28.02	134.15	90.38
Levered Free Cash Flow	43.79	29.41	-65.62	171.55	24.84	-17.59
Unlevered Free Cash Flow	44.01	29.63	-65.21	171.99	25.49	-16.83
Change in Working Capital	26.59	26.59	72.53	294.58	-216.59	-248.34

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