China National Electric Apparatus Research Institute Co., Ltd. (SHA:688128)
China · Delayed Price · Currency is CNY 21.28
-0.53 (-2.43%)
Sep 11, 2026, 3:00 PM CST
SHA:688128 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 539.98 | 534.46 | 467.05 | 410.09 | 363.31 | 315.06 |
Depreciation & Amortization | 169.78 | 166.28 | 156.35 | 133.45 | 111.91 | 100.39 |
Other Amortization | 13.51 | 7.43 | 7.83 | 9.75 | 9.78 | 6.79 |
Loss (Gain) From Sale of Assets | -7.1 | -7.11 | -0.92 | -0.05 | 0.05 | 0.01 |
Asset Writedown & Restructuring Costs | -0.1 | -2.06 | 0.6 | 2.17 | 1.26 | 0.81 |
Loss (Gain) From Sale of Investments | -7.74 | -5.75 | -13.22 | -11.4 | 5.49 | -21.17 |
Provision & Write-off of Bad Debts | -17.29 | 9.25 | 55.32 | 40.28 | 27.9 | 15.54 |
Other Operating Activities | 54.18 | 61.21 | 29.87 | 3.51 | -0.55 | 4.52 |
Change in Accounts Receivable | 51.59 | -59.05 | -139.87 | -147.13 | -1,556 | -555.05 |
Change in Inventory | -10.4 | 145.41 | 226.04 | -932.55 | -683.25 | -408.74 |
Change in Accounts Payable | 461.29 | 396.41 | -261.36 | 898.85 | 2,425 | 639.16 |
Operating Cash Flow | 1,191 | 1,213 | 528.4 | 400.05 | 705.59 | 108.11 |
Operating Cash Flow Growth | 22.57% | 129.63% | 32.08% | -43.30% | 552.67% | -71.61% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -300.37 | -292.45 | -213.68 | -243.32 | -182.06 | -146.64 |
Sale of Property, Plant & Equipment | 4.01 | 3.96 | - | 0.27 | 0.17 | 0.32 |
Investment in Securities | -668.53 | -440 | 45.33 | -60 | 1.7 | -11.07 |
Other Investing Activities | 1.26 | 1.28 | 6.16 | 8.94 | 11.77 | 21.23 |
Investing Cash Flow | -963.63 | -727.21 | -162.2 | -294.11 | -168.43 | -136.16 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 16.1 | 18 | 18 | 33.5 | 33.35 |
Long-Term Debt Issued | - | - | - | - | - | 2.42 |
Total Debt Issued | 5 | 16.1 | 18 | 18 | 33.5 | 35.78 |
Short-Term Debt Repaid | - | -44.4 | -18.5 | -33.45 | -30.96 | -37.28 |
Long-Term Debt Repaid | - | -33.71 | -21.44 | -26.2 | -28.32 | -25.47 |
Lease Payments | -37.52 | -33.71 | -21.44 | -26.2 | -28.32 | -25.47 |
Total Debt Repaid | -51.52 | -78.11 | -39.94 | -59.65 | -59.28 | -62.74 |
Net Debt Issued (Repaid) | -46.52 | -62.01 | -21.94 | -41.65 | -25.78 | -26.97 |
Repurchase of Common Stock | - | - | -10.78 | -0 | - | - |
Common Dividends Paid | -222.93 | -202.73 | -182.45 | -162.55 | -142.72 | -123.86 |
Other Financing Activities | -6.71 | - | - | 3.15 | - | 0.58 |
Financing Cash Flow | -276.16 | -264.74 | -215.17 | -201.05 | -168.5 | -150.25 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -4.09 | 2.56 | 0.4 | 0.35 | 2.39 | -1.08 |
Net Cash Flow | -52.49 | 223.95 | 151.43 | -94.75 | 371.05 | -179.37 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 891.01 | 920.9 | 314.72 | 156.73 | 523.53 | -38.53 |
Free Cash Flow Growth | 26.35% | 192.61% | 100.80% | -70.06% | - | - |
Free Cash Flow Margin | 18.12% | 19.32% | 6.96% | 3.76% | 13.80% | -1.13% |
Free Cash Flow Per Share | 2.19 | 2.27 | 0.78 | 0.39 | 1.30 | -0.10 |
Levered Free Cash Flow | 743.79 | 685.96 | 75.52 | 122.45 | 308.7 | -238.29 |
Unlevered Free Cash Flow | 746.04 | 688.54 | 77.89 | 125.07 | 314.39 | -233.72 |
Free Cash Flow After Leases | 853.49 | 887.19 | 293.28 | 130.54 | 495.21 | -64 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 2.5 | 3.69 | 1.4 | 2.72 | 9.71 | - |
Cash Income Tax Paid | 159.25 | 163.88 | 121.24 | 104.01 | 76.39 | 71.41 |
Change in Working Capital | 446.16 | 449.65 | -174.49 | -187.75 | 186.43 | -313.84 |