Jinko Solar 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	98.93	7,440	2,939	1,141
Depreciation & Amortization	7,706	7,860	2,895	1,718
Other Amortization	321.76	309.47	201.9	135.93
Loss (Gain) From Sale of Assets	459.38	113.76	394.65	352.09
Asset Writedown & Restructuring Costs	589.57	642.64	227.7	459.6
Loss (Gain) From Sale of Investments	-466.97	-22.15	-22.16	-308.46
Provision & Write-off of Bad Debts	205.67	115.84	119.44	-
Other Operating Activities	1,827	850.76	521.96	1,249
Change in Accounts Receivable	14,417	-3,532	-13,633	-8,687
Change in Inventory	4,864	-1,425	-4,831	-5,258
Change in Accounts Payable	-20,520	13,108	15,436	12,399
Change in Other Net Operating Assets	50.12	254.34	415.6	-
Operating Cash Flow	7,867	24,816	4,084	3,229
Operating Cash Flow Growth	-68.30%	507.62%	26.50%	28.74%
Capital Expenditures	-9,185	-20,358	-14,905	-9,168
Sale of Property, Plant & Equipment	291.98	405.2	669.5	23.12
Divestitures	1,195	36.4	-	-
Investment in Securities	-5.5	-	-465	-465
Other Investing Activities	-33.04	-211.38	-143.55	417.12
Investing Cash Flow	-7,737	-20,128	-14,844	-9,131
Long-Term Debt Issued	35,964	34,638	27,374	30,252
Long-Term Debt Repaid	-25,221	-29,114	-26,487	-24,436
Net Debt Issued (Repaid)	10,743	5,524	886.45	5,817
Issuance of Common Stock	-	45.29	9,770	-
Repurchase of Common Stock	-	-300.09	-	-
Common Dividends Paid	-2,601	-1,200	-655.58	-387.76
Other Financing Activities	-2,340	-635.93	1,684	254.56
Financing Cash Flow	5,803	3,434	11,685	5,684
Foreign Exchange Rate Adjustments	699.52	570.21	227.96	-33.3
Net Cash Flow	6,632	8,692	1,153	-251.57
Free Cash Flow	-1,318	4,458	-10,821	-5,939
Free Cash Flow Margin	-1.43%	3.76%	-13.09%	-14.64%
Free Cash Flow Per Share	-0.13	0.44	-0.99	-0.73
Cash Income Tax Paid	-2,045	-2,725	-3,139	-2,314
Levered Free Cash Flow	-5,653	-1,908	-11,185	-5,746
Unlevered Free Cash Flow	-4,786	-1,170	-10,516	-5,220
Change in Working Capital	-2,874	7,505	-3,193	-1,519

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