Wetown Electric Group 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	94.87	120.46	69.91	59.78
Depreciation & Amortization	43.96	30.62	24.78	22.56
Other Amortization	11.73	5.52	3.47	3.27
Loss (Gain) From Sale of Assets	1.03	1.06	0.3	0.15
Asset Writedown & Restructuring Costs	-	1.91	1.06	-
Loss (Gain) From Sale of Investments	9.82	4.36	-1.19	0.04
Provision & Write-off of Bad Debts	12.71	24.94	15.22	11.72
Other Operating Activities	51.93	44.39	23.71	14.11
Change in Accounts Receivable	-28.96	-748.33	-322.57	-79.75
Change in Inventory	-179.81	-141.6	-12.99	-28.98
Change in Accounts Payable	89.89	429.82	124.51	2.6
Change in Other Net Operating Assets	12.25	13	1.09	-
Operating Cash Flow	116.55	-219.28	-77.34	3.57
Capital Expenditures	-357.91	-353.77	-102.66	-11.25
Sale of Property, Plant & Equipment	1.27	0.79	0.15	0.31
Cash Acquisitions	-0.62	-20	-	-
Investment in Securities	-6.58	98.26	-72.45	-30.4
Other Investing Activities	-0.1	8.74	-1.52	1.5
Investing Cash Flow	-363.93	-265.99	-176.47	-39.84
Long-Term Debt Issued	1,676	1,252	603.81	467.7
Total Debt Issued	1,676	1,252	603.81	467.7
Long-Term Debt Repaid	-1,333	-672.62	-357.73	-456.87
Total Debt Repaid	-1,333	-672.62	-357.73	-456.87
Net Debt Issued (Repaid)	342.2	579.11	246.09	10.83
Issuance of Common Stock	581.53	6.01	-	218.58
Common Dividends Paid	-80.15	-50.67	-37.65	-24.22
Dividends Paid	-80.15	-50.67	-37.65	-24.22
Other Financing Activities	0.52	3.6	-2.25	-10.77
Financing Cash Flow	844.1	538.05	206.19	194.42
Foreign Exchange Rate Adjustments	1.97	1.62	1.49	-0.74
Net Cash Flow	598.69	54.41	-46.13	157.41
Free Cash Flow	-241.36	-573.05	-180	-7.68
Free Cash Flow Margin	-6.93%	-20.12%	-11.00%	-0.61%
Free Cash Flow Per Share	-1.55	-3.66	-1.16	-0.06
Cash Income Tax Paid	107.53	61.5	33.29	32.88
Levered Free Cash Flow	245.37	-560.21	-211.78	-13.57
Unlevered Free Cash Flow	273.22	-541.54	-201.99	-5.75
Change in Working Capital	-109.5	-452.54	-214.61	-108.06

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