Qijing Machinery Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	47.52	67.45	69.15	64.01	88.91
Depreciation & Amortization	91.82	85.29	83.06	79.66	73.39
Other Amortization	0.34	0.88	0.18	0.17	0.08
Loss (Gain) From Sale of Assets	-0.65	-0.03	-0.27	0.59	-0.71
Asset Writedown & Restructuring Costs	13.54	0.04	-	9.08	9.03
Loss (Gain) From Sale of Investments	-1.67	-4.82	2.59	2.14	-4.52
Provision & Write-off of Bad Debts	-	2.29	6.97	-	-
Other Operating Activities	21.08	20.53	28.4	5.2	21.7
Change in Accounts Receivable	-114.05	-118.25	-70.99	15.93	-90.53
Change in Inventory	-17.74	-43.84	5.81	32.92	-122.02
Change in Accounts Payable	-12.17	113.16	74.91	-32.05	100.72
Operating Cash Flow	29	124.54	204.22	175.05	74.85
Operating Cash Flow Growth	-76.72%	-39.02%	16.67%	133.86%	-75.80%
Capital Expenditures	-129.62	-155.19	-95.04	-84.17	-128.25
Sale of Property, Plant & Equipment	2.32	0.59	2.54	2.28	7.21
Investment in Securities	-	80	-52.99	-127.61	136.28
Other Investing Activities	143.29	2.74	2.05	0.26	1.57
Investing Cash Flow	15.99	-71.85	-143.44	-209.24	16.81
Short-Term Debt Issued	-	-	-	185.16	186.86
Long-Term Debt Issued	351.91	493.12	96	-	-
Total Debt Issued	351.91	493.12	96	185.16	186.86
Short-Term Debt Repaid	-	-	-	-218.31	-98.25
Long-Term Debt Repaid	-358.53	-476.57	-70.54	-	-
Total Debt Repaid	-358.53	-476.57	-70.54	-218.31	-98.25
Net Debt Issued (Repaid)	-6.63	16.55	25.46	-33.16	88.61
Common Dividends Paid	-60.17	-87.05	-37.21	-64.89	-24.05
Other Financing Activities	4.73	-	-	-1.14	-1.1
Financing Cash Flow	-62.07	-70.5	-11.74	-99.18	63.47
Foreign Exchange Rate Adjustments	2.84	16.94	1.84	27.87	-8.52
Net Cash Flow	-14.25	-0.87	50.88	-105.5	146.61
Free Cash Flow	-100.62	-30.65	109.18	90.87	-53.4
Free Cash Flow Growth	-	-	20.14%	-	-
Free Cash Flow Margin	-4.87%	-1.53%	6.16%	5.04%	-2.66%
Free Cash Flow Per Share	-0.52	-0.16	0.57	0.47	-0.28
Cash Income Tax Paid	-9.39	-11.41	-0.11	-12.85	-23.56
Levered Free Cash Flow	-119.8	-82.93	43.99	33.94	-113.46
Unlevered Free Cash Flow	-119.8	-66.63	57.92	47.48	-101.02
Change in Working Capital	-142.98	-47.09	14.13	14.21	-113.03

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