Sany Renewable 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	1,812	2,007	1,648	1,603
Depreciation & Amortization	561.14	460.42	331.17	298.66
Other Amortization	12.44	0.07	3.67	4.11
Loss (Gain) From Sale of Assets	-5.92	-0.21	-0.14	20.6
Asset Writedown & Restructuring Costs	87.43	4.89	65.99	113.88
Loss (Gain) From Sale of Investments	-823.99	-1,763	-928.54	-557.73
Stock-Based Compensation	81.39	104.74	104.08	110.7
Provision & Write-off of Bad Debts	28.53	-29.6	62.26	21.42
Other Operating Activities	-112.38	-131.06	13.18	36.41
Change in Accounts Receivable	-3,840	-2,504	-1,905	-1,994
Change in Inventory	-2,084	-1,460	-110.96	383.75
Change in Accounts Payable	3,937	4,377	1,474	613.24
Change in Other Net Operating Assets	33.89	18.01	8.38	8.71
Operating Cash Flow	-400.35	1,089	758.75	646.83
Operating Cash Flow Growth	-	43.54%	17.30%	-52.74%
Capital Expenditures	-1,916	-3,754	-2,618	-1,900
Sale of Property, Plant & Equipment	47.23	248.22	20.67	83.63
Cash Acquisitions	-	-	-12.8	-11.93
Divestitures	795.83	1,456	425.43	567.12
Investment in Securities	-2,055	384.66	-1,684	67.23
Other Investing Activities	350.95	615.92	297.14	1,353
Investing Cash Flow	-2,777	-1,049	-3,572	158.81
Long-Term Debt Issued	5,764	5,485	4,198	3,417
Total Debt Issued	5,764	5,485	4,198	3,417
Long-Term Debt Repaid	-2,372	-2,556	-1,946	-1,910
Total Debt Repaid	-2,372	-2,556	-1,946	-1,910
Net Debt Issued (Repaid)	3,392	2,930	2,252	1,507
Issuance of Common Stock	25.9	26.24	5,512	-
Repurchase of Common Stock	-324.93	-72.62	-101.56	-
Common Dividends Paid	-782.62	-598.72	-103.26	-116.02
Other Financing Activities	42.64	-13.48	2.15	1.6
Financing Cash Flow	2,353	2,271	7,561	1,393
Foreign Exchange Rate Adjustments	2.32	6.19	23.42	0
Net Cash Flow	-821.99	2,318	4,771	2,199
Free Cash Flow	-2,316	-2,664	-1,860	-1,253
Free Cash Flow Margin	-13.02%	-17.84%	-15.09%	-12.29%
Free Cash Flow Per Share	-1.91	-2.20	-1.69	-1.25
Cash Interest Paid	-	-	121.19	123.77
Cash Income Tax Paid	1,231	967.4	779.47	910.92
Levered Free Cash Flow	1,063	-1,112	-1,571	-1,030
Unlevered Free Cash Flow	1,117	-1,049	-1,495	-960.28
Change in Working Capital	-2,041	436.11	-540.65	-1,004

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