Shandong Fiberglass Group 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	-13.43	-98.93	105.34	535.79	546.03
Depreciation & Amortization	365.2	373.86	324.87	329.85	315.53
Other Amortization	1.4	0.79	4.75	4.65	4.8
Loss (Gain) From Sale of Assets	-1.24	-57.27	-181.9	-157.24	7.72
Asset Writedown & Restructuring Costs	-	25.49	9.57	9.41	5.74
Loss (Gain) From Sale of Investments	-	-3.37	-0.6	-	-
Provision & Write-off of Bad Debts	13.58	-1.8	1.17	7.48	-
Other Operating Activities	179.32	84.38	67.9	82.96	108.31
Change in Accounts Receivable	-757.25	-160.54	-268.98	-179.62	-306.11
Change in Inventory	-137.36	-275.11	-61.44	-95.92	-14.1
Change in Accounts Payable	283.38	297.11	562.06	90.3	106.17
Change in Other Net Operating Assets	-0.08	0.07	0.36	-	-
Operating Cash Flow	-58.02	161.98	547.18	652.7	787.93
Operating Cash Flow Growth	-	-70.40%	-16.17%	-17.16%	74.91%
Capital Expenditures	-604.86	-841.2	-772.87	-367.9	-226.83
Sale of Property, Plant & Equipment	19.07	70.11	294.24	187.74	11.38
Investment in Securities	-	180	-180	-	-
Other Investing Activities	-	3.97	-	-	-
Investing Cash Flow	-585.79	-587.13	-658.63	-180.17	-215.46
Long-Term Debt Issued	1,436	1,351	1,243	685.17	1,769
Long-Term Debt Repaid	-704.33	-1,039	-623.64	-1,206	-1,858
Total Debt Repaid	-704.33	-1,039	-623.64	-1,206	-1,858
Net Debt Issued (Repaid)	731.67	311.56	619.23	-520.78	-89.51
Issuance of Common Stock	-	-	53.11	-	-
Repurchase of Common Stock	-55.19	-47.44	-	-	-
Common Dividends Paid	-57.09	-66.55	-192.85	-82.91	-149.47
Other Financing Activities	-	161.46	-294.23	-35.28	79.81
Financing Cash Flow	619.39	359.03	185.27	-638.97	-159.17
Foreign Exchange Rate Adjustments	1.89	1.74	3.61	0.78	-5.6
Net Cash Flow	-22.53	-64.37	77.43	-165.65	407.7
Free Cash Flow	-662.88	-679.22	-225.69	284.8	561.1
Free Cash Flow Growth	-	-	-	-49.24%	252.15%
Free Cash Flow Margin	-26.68%	-33.86%	-10.25%	10.24%	20.41%
Free Cash Flow Per Share	-0.99	-1.10	-0.36	0.47	0.94
Cash Income Tax Paid	62.22	-43.27	25.03	127.3	155.27
Levered Free Cash Flow	-1,351	-435.48	536.15	47.68	582.98
Unlevered Free Cash Flow	-1,298	-397.55	572.76	94.5	649.04
Change in Working Capital	-602.86	-161.17	216.08	-160.2	-200.2

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