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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	-622.29	-698.47	-726.5	-247.64	145.79	83.56
Depreciation & Amortization	103.39	103.39	123.15	79.39	65.14	31.71
Other Amortization	6.12	6.12	3.02	1.94	1.46	2.3
Loss (Gain) From Sale of Assets	5.33	5.33	-	-	0.63	1.38
Asset Writedown & Restructuring Costs	493.72	493.72	207.18	-	20.83	-1
Loss (Gain) From Sale of Investments	-5.8	-5.8	-9.99	-12.14	-6.3	1.16
Provision & Write-off of Bad Debts	-	-	2.09	2.91	-	-
Other Operating Activities	81.66	18.77	212.41	249.56	0.11	2.63
Change in Accounts Receivable	-119.58	-119.58	124.7	116.57	-267.58	-451.31
Change in Inventory	165.43	165.43	-182.08	-194.32	-318.99	-200.57
Change in Accounts Payable	-424.73	-424.73	-260.29	204.12	382.4	289.55
Operating Cash Flow	-316.86	-455.93	-505.54	148.13	21.17	-240.98
Operating Cash Flow Growth	-	-	-	599.62%	-	-
Capital Expenditures	-16.11	-27.52	-217.88	-457.94	-396.45	-285.45
Sale of Property, Plant & Equipment	12.08	10.95	-	-	-	-
Investment in Securities	-	-	348.84	43.28	-376.65	-
Other Investing Activities	30.08	30.08	-	-180	-	-
Investing Cash Flow	26.05	13.52	130.97	-594.67	-773.1	-285.45
Short-Term Debt Issued	-	-	205.14	42.22	2	55.4
Long-Term Debt Issued	-	330	-	-	2.56	44.27
Total Debt Issued	150	330	205.14	42.22	4.56	99.67
Short-Term Debt Repaid	-	-	-	-	-1	-85.29
Long-Term Debt Repaid	-	-180	-0.87	-1.8	-0.29	-32.09
Total Debt Repaid	-100	-180	-0.87	-1.8	-1.29	-117.38
Net Debt Issued (Repaid)	50	150	204.27	40.42	3.27	-17.71
Issuance of Common Stock	-	-	-	-	1,621	700
Repurchase of Common Stock	-	-	-73.46	-	-	-
Common Dividends Paid	-3.63	-3.5	-	-44.36	-0.04	-1.59
Other Financing Activities	13.15	1.49	-	-	-25.01	-
Financing Cash Flow	59.53	147.99	130.81	-3.93	1,599	680.7
Net Cash Flow	-231.28	-294.42	-243.76	-450.47	846.84	154.28
Free Cash Flow	-332.97	-483.44	-723.42	-309.81	-375.28	-526.42
Free Cash Flow Margin	-40.82%	-70.03%	-76.26%	-32.47%	-22.66%	-60.77%
Free Cash Flow Per Share	-2.11	-3.02	-4.56	-2.30	-2.86	-4.93
Cash Income Tax Paid	28.88	54.05	-130.16	13.19	17.18	3.94
Levered Free Cash Flow	102.56	146.39	-727.19	-346.74	-448.04	-338.52
Unlevered Free Cash Flow	102.56	146.39	-726.55	-346.63	-448	-337.95
Change in Working Capital	-378.99	-378.99	-316.89	74.12	-206.5	-362.71

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