Jiangsu Xiehe Electronic 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	66.07	71.27	37.32	50.55	78.12
Depreciation & Amortization	61.81	58.97	53.75	46.75	38.33
Other Amortization	4.82	5.97	4.19	0.52	0.04
Loss (Gain) From Sale of Assets	0.05	0.28	-0.54	0.31	1.21
Asset Writedown & Restructuring Costs	5.01	0.75	-	-	-
Loss (Gain) From Sale of Investments	-10.55	-9.57	-6.44	-6.09	-10.02
Provision & Write-off of Bad Debts	-	3.08	18.2	0.48	0.95
Other Operating Activities	3.1	4.7	5.07	5.04	3.37
Change in Accounts Receivable	-59.74	-67.53	-71.65	21.98	-35.76
Change in Inventory	2.19	0.24	5.65	3.14	-62.04
Change in Accounts Payable	54.02	23.99	11.75	-45.99	49.66
Operating Cash Flow	126.11	93.85	53.76	76.39	62.41
Operating Cash Flow Growth	34.37%	74.59%	-29.63%	22.41%	55.44%
Capital Expenditures	-28.45	-70.44	-55.21	-67.46	-194.27
Sale of Property, Plant & Equipment	0.51	0.71	1.7	3.92	0.77
Divestitures	-	0.15	-	-	-0.76
Investment in Securities	-4.77	2.5	-0.6	48	80
Other Investing Activities	-25.6	4.36	4.31	3.86	12.84
Investing Cash Flow	-58.32	-62.72	-49.8	-11.68	-101.42
Short-Term Debt Issued	-	60	49.5	45.03	16
Long-Term Debt Issued	116	-	-	-	-
Total Debt Issued	116	60	49.5	45.03	16
Short-Term Debt Repaid	-	-59.5	-25	-24	-36
Long-Term Debt Repaid	-114.98	-	-0.08	-0.16	-
Total Debt Repaid	-114.98	-59.5	-25.08	-24.16	-36
Net Debt Issued (Repaid)	1.02	0.5	24.42	20.87	-20
Issuance of Common Stock	-	-	-	3	-
Common Dividends Paid	-64.09	-32.32	-18.78	-28.26	-44.96
Dividends Paid	-64.09	-32.32	-18.78	-28.26	-44.96
Other Financing Activities	-	-	-	-	27.37
Financing Cash Flow	-63.07	-31.82	5.64	-4.39	-37.6
Foreign Exchange Rate Adjustments	0.84	1.05	0.84	1.91	-0.04
Net Cash Flow	5.55	0.37	10.44	62.24	-76.65
Free Cash Flow	97.65	23.42	-1.45	8.94	-131.86
Free Cash Flow Growth	317.05%	-	-	-	-
Free Cash Flow Margin	9.98%	2.64%	-0.20%	1.30%	-17.96%
Free Cash Flow Per Share	1.11	0.27	-0.02	0.10	-1.50
Cash Income Tax Paid	33.01	26.1	28.09	27.64	14.01
Levered Free Cash Flow	125.43	-9.65	3.71	-26.83	-125.1
Unlevered Free Cash Flow	125.43	-8.7	4.46	-25.66	-123.52
Change in Working Capital	-4.21	-41.59	-57.79	-21.17	-49.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.