Jiangsu Xiehe Electronic 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	69.39	71.27	37.32	50.55	78.12	91.64
Depreciation & Amortization	58.97	58.97	53.75	46.75	38.33	28.19
Other Amortization	5.97	5.97	4.19	0.52	0.04	0.33
Loss (Gain) From Sale of Assets	0.28	0.28	-0.54	0.31	1.21	0.35
Asset Writedown & Restructuring Costs	0.75	0.75	-	-	-	0.07
Loss (Gain) From Sale of Investments	-9.57	-9.57	-6.44	-6.09	-10.02	-
Provision & Write-off of Bad Debts	3.08	3.08	18.2	0.48	0.95	-
Other Operating Activities	21.03	4.7	5.07	5.04	3.37	7.17
Change in Accounts Receivable	-67.53	-67.53	-71.65	21.98	-35.76	-52.95
Change in Inventory	0.24	0.24	5.65	3.14	-62.04	-60.01
Change in Accounts Payable	23.99	23.99	11.75	-45.99	49.66	24.57
Operating Cash Flow	108.31	93.85	53.76	76.39	62.41	40.15
Operating Cash Flow Growth	4.60%	74.59%	-29.63%	22.41%	55.44%	-71.61%
Capital Expenditures	-36.77	-70.44	-55.21	-67.46	-194.27	-113.9
Sale of Property, Plant & Equipment	0.35	0.71	1.7	3.92	0.77	1.09
Divestitures	0.15	0.15	-	-	-0.76	-
Investment in Securities	-4.94	2.5	-0.6	48	80	-140
Other Investing Activities	6.07	4.36	4.31	3.86	12.84	-
Investing Cash Flow	-35.14	-62.72	-49.8	-11.68	-101.42	-252.81
Short-Term Debt Issued	-	60	49.5	45.03	16	96
Total Debt Issued	111	60	49.5	45.03	16	96
Short-Term Debt Repaid	-	-59.5	-25	-24	-36	-162
Long-Term Debt Repaid	-	-	-0.08	-0.16	-	-
Total Debt Repaid	-96.98	-59.5	-25.08	-24.16	-36	-162
Net Debt Issued (Repaid)	14.02	0.5	24.42	20.87	-20	-66
Issuance of Common Stock	-	-	-	3	-	537.57
Common Dividends Paid	-63.8	-32.32	-18.78	-28.26	-44.96	-
Dividends Paid	-63.8	-32.32	-18.78	-28.26	-44.96	-
Other Financing Activities	-	-	-	-	27.37	-22.81
Financing Cash Flow	-49.78	-31.82	5.64	-4.39	-37.6	448.76
Foreign Exchange Rate Adjustments	1.03	1.05	0.84	1.91	-0.04	-0.1
Net Cash Flow	24.41	0.37	10.44	62.24	-76.65	236
Free Cash Flow	71.53	23.42	-1.45	8.94	-131.86	-73.75
Free Cash Flow Margin	7.42%	2.64%	-0.20%	1.30%	-17.96%	-11.97%
Free Cash Flow Per Share	0.81	0.27	-0.02	0.10	-1.50	-1.09
Cash Interest Paid	-	-	-	-	-	4.73
Cash Income Tax Paid	29.52	26.1	28.09	27.64	14.01	31.04
Levered Free Cash Flow	149.73	-9.65	3.71	-26.83	-125.1	-80.92
Unlevered Free Cash Flow	151.29	-8.7	4.46	-25.66	-123.52	-77.02
Change in Working Capital	-41.59	-41.59	-57.79	-21.17	-49.6	-88.66

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