Wuxi NCE Power 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	436.89	434.58	323.12	435.18	416.41	139.35
Depreciation & Amortization	29.39	29.39	28.72	24.94	14.99	9.72
Other Amortization	4.56	4.56	1.23	0.21	0.45	0.41
Loss (Gain) From Sale of Assets	-0.12	-0.12	-0.15	-0.19	-0.2	-0.02
Asset Writedown & Restructuring Costs	14.61	14.61	-	-	-	1.94
Loss (Gain) From Sale of Investments	-27.01	-27.01	-11.19	-15.28	-1.7	-
Stock-Based Compensation	-	-	-	71.39	-	-
Provision & Write-off of Bad Debts	5.97	5.97	1.17	0.94	2.76	-0.17
Other Operating Activities	118.96	32.56	28.83	7.62	2.26	0.83
Change in Accounts Receivable	-187.46	-187.46	13.13	-149.58	70.4	-129.32
Change in Inventory	105.32	105.32	-46.64	-198.45	-140.29	25.98
Change in Accounts Payable	-107.73	-107.73	155.15	105.88	82.92	31.94
Change in Other Net Operating Assets	-	-	-7.09	-	1.88	-
Operating Cash Flow	383.59	294.88	475.47	273.31	450.88	80.66
Operating Cash Flow Growth	-2.64%	-37.98%	73.97%	-39.38%	458.99%	7.36%
Capital Expenditures	-55.87	-85.05	-191.51	-86.46	-146.22	-58.67
Sale of Property, Plant & Equipment	-0.03	0.19	0.46	0.19	0.22	0.57
Cash Acquisitions	-	-	-	10.39	-	-
Investment in Securities	-44.31	-660.06	-95.34	15.58	-71.4	-60
Other Investing Activities	14.72	0.47	-	-	-	-
Investing Cash Flow	-85.49	-744.44	-286.39	-60.29	-217.4	-118.1
Long-Term Debt Repaid	-	-0.88	-0.84	-0.76	-0.72	-
Total Debt Repaid	-0.88	-0.88	-0.84	-0.76	-0.72	-
Net Debt Issued (Repaid)	-0.88	-0.88	-0.84	-0.76	-0.72	-
Issuance of Common Stock	-	-	-	1,507	-	448.99
Repurchase of Common Stock	-90.22	-90.22	-1.44	-	-	-
Common Dividends Paid	-48.93	-86.66	-87.12	-82.12	-42	-
Other Financing Activities	91.15	18.2	-	40	18	-
Financing Cash Flow	-48.88	-159.56	-89.4	1,465	-24.71	448.99
Foreign Exchange Rate Adjustments	0.75	0.69	0.36	2.39	-0.73	-0.85
Net Cash Flow	249.97	-608.44	100.05	1,680	208.03	410.7
Free Cash Flow	327.72	209.83	283.96	186.85	304.66	21.99
Free Cash Flow Growth	16.04%	-26.11%	51.97%	-38.67%	1285.33%	-58.31%
Free Cash Flow Margin	17.64%	11.48%	19.23%	10.32%	20.17%	2.30%
Free Cash Flow Per Share	0.80	0.51	0.69	0.47	0.78	0.07
Cash Income Tax Paid	-	-	-	86.24	118.91	49.28
Levered Free Cash Flow	180.2	32.34	69.51	137.57	160.96	-59.32
Unlevered Free Cash Flow	180.2	32.34	69.51	137.57	160.96	-59.32
Change in Working Capital	-199.66	-199.66	103.75	-251.5	15.91	-71.39

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