Zhejiang Power New Energy Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-726.5	-247.64	145.79	83.56
Depreciation & Amortization	123.15	79.39	65.14	31.71
Other Amortization	3.02	1.94	1.46	2.3
Loss (Gain) From Sale of Assets	-	-	0.63	1.38
Asset Writedown & Restructuring Costs	207.18	-	20.83	-1
Loss (Gain) From Sale of Investments	-9.99	-12.14	-6.3	1.16
Provision & Write-off of Bad Debts	2.09	2.91	-	-
Other Operating Activities	212.41	249.56	0.11	2.63
Change in Accounts Receivable	124.7	116.57	-267.58	-451.31
Change in Inventory	-182.08	-194.32	-318.99	-200.57
Change in Accounts Payable	-260.29	204.12	382.4	289.55
Operating Cash Flow	-505.54	148.13	21.17	-240.98
Operating Cash Flow Growth	-	599.62%	-	-
Capital Expenditures	-217.88	-457.94	-396.45	-285.45
Investment in Securities	348.84	43.28	-376.65	-
Other Investing Activities	-	-180	-	-
Investing Cash Flow	130.97	-594.67	-773.1	-285.45
Short-Term Debt Issued	205.14	42.22	2	55.4
Long-Term Debt Issued	-	-	2.56	44.27
Total Debt Issued	205.14	42.22	4.56	99.67
Short-Term Debt Repaid	-	-	-1	-85.29
Long-Term Debt Repaid	-0.87	-1.8	-0.29	-32.09
Total Debt Repaid	-0.87	-1.8	-1.29	-117.38
Net Debt Issued (Repaid)	204.27	40.42	3.27	-17.71
Issuance of Common Stock	-	-	1,621	700
Repurchase of Common Stock	-73.46	-	-	-
Common Dividends Paid	-	-44.36	-0.04	-1.59
Other Financing Activities	-	-	-25.01	-
Financing Cash Flow	130.81	-3.93	1,599	680.7
Net Cash Flow	-243.76	-450.47	846.84	154.28
Free Cash Flow	-723.42	-309.81	-375.28	-526.42
Free Cash Flow Margin	-76.26%	-32.47%	-22.66%	-60.77%
Free Cash Flow Per Share	-4.56	-2.30	-2.86	-4.93
Cash Income Tax Paid	-130.16	13.19	17.18	3.94
Levered Free Cash Flow	-727.19	-346.74	-448.04	-338.52
Unlevered Free Cash Flow	-726.55	-346.63	-448	-337.95
Change in Working Capital	-316.89	74.12	-206.5	-362.71

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