Arctech Solar Holding 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	631.52	345.04	44.43	15.03
Depreciation & Amortization	96.03	85.26	58.97	37.01
Other Amortization	6.8	3.13	3.93	2.77
Loss (Gain) From Sale of Assets	1.66	-0.12	-0.2	-0.06
Asset Writedown & Restructuring Costs	1.41	3.08	48.16	5.82
Loss (Gain) From Sale of Investments	-8.87	-4.49	-12.05	-46.76
Provision & Write-off of Bad Debts	148.57	126.43	34.25	24.4
Other Operating Activities	89.87	70.12	17.87	8.87
Change in Accounts Receivable	-704.38	-640.12	-501.3	-176.31
Change in Inventory	304.42	-1,037	-64.32	-439.19
Change in Accounts Payable	-540.9	1,825	135.96	714.92
Change in Other Net Operating Assets	22.98	38.46	14.71	-
Operating Cash Flow	36.08	798.32	-247.7	123.5
Operating Cash Flow Growth	-95.48%	-	-	-69.72%
Capital Expenditures	-287.37	-284.87	-314.2	-453.47
Sale of Property, Plant & Equipment	1.61	1.28	0.35	0.37
Divestitures	-	-	-0.55	0.11
Investment in Securities	-346.15	-261.91	508.78	153.83
Other Investing Activities	8.85	11.11	8.24	56.02
Investing Cash Flow	-623.05	-534.39	202.62	-243.15
Long-Term Debt Issued	1,753	715.1	599.94	255.48
Total Debt Issued	1,753	715.1	599.94	255.48
Long-Term Debt Repaid	-1,134	-443.04	-340.99	-138.82
Total Debt Repaid	-1,134	-443.04	-340.99	-138.82
Net Debt Issued (Repaid)	619.26	272.07	258.94	116.66
Issuance of Common Stock	1,109	4.48	-	-
Repurchase of Common Stock	-24.79	-60.04	-	-
Common Dividends Paid	-165.79	-46.88	-13.63	-60.66
Other Financing Activities	-19.45	4.85	0.01	3.03
Financing Cash Flow	1,518	174.49	245.32	59.04
Foreign Exchange Rate Adjustments	15.35	11.4	4.39	-4.3
Net Cash Flow	946.16	449.81	204.63	-64.91
Free Cash Flow	-251.29	513.45	-561.89	-329.97
Free Cash Flow Margin	-2.78%	8.04%	-15.18%	-13.66%
Free Cash Flow Per Share	-1.24	2.54	-2.80	-1.62
Cash Income Tax Paid	311.36	13.76	17.17	-9.94
Levered Free Cash Flow	-366.81	307.37	-685.67	-456.49
Unlevered Free Cash Flow	-334.2	321.56	-679.56	-452.57
Change in Working Capital	-930.92	169.87	-443.07	76.42

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