GreenTech Environmental Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	37.34	66.79	70.77	76.79	62.3
Depreciation & Amortization	47.32	35.63	35.37	36.05	19.49
Other Amortization	3.64	3.92	2.69	4.3	3.88
Loss (Gain) From Sale of Assets	-	0.06	-	0.02	-
Asset Writedown & Restructuring Costs	2.51	0	0.01	0	4.79
Loss (Gain) From Sale of Investments	-2.46	-2.03	-1.22	-3.99	-2.55
Provision & Write-off of Bad Debts	-	9.71	19.1	18.25	7.35
Other Operating Activities	23.99	17.24	10.49	11.55	5.75
Change in Accounts Receivable	-117.64	-94.55	-98.38	7.36	-72.28
Change in Inventory	-58.65	-90.85	87.88	-139.6	-103.56
Change in Accounts Payable	165.84	151.66	-13.13	78.43	43.32
Operating Cash Flow	94.07	95.18	109.74	84.29	-33.43
Operating Cash Flow Growth	-1.17%	-13.27%	30.19%	-	-
Capital Expenditures	-58.31	-259.39	-275.51	-91.28	-114.34
Sale of Property, Plant & Equipment	-	0.41	0	0.18	-
Divestitures	-	-	-0.05	-	-
Investment in Securities	-4.41	-3.43	-0.76	-	111.12
Other Investing Activities	0.08	2.26	1.57	4.05	2.92
Investing Cash Flow	-62.64	-260.15	-274.75	-87.06	-0.3
Short-Term Debt Issued	-	-	-	-	2.6
Long-Term Debt Issued	12.37	152.47	199.64	82.36	89.2
Total Debt Issued	12.37	152.47	199.64	82.36	91.8
Short-Term Debt Repaid	-	-	-	-	-2.42
Long-Term Debt Repaid	-30.76	-25.51	-16.29	-58.32	-29.11
Total Debt Repaid	-30.76	-25.51	-16.29	-58.32	-31.53
Net Debt Issued (Repaid)	-18.39	126.95	183.35	24.04	60.28
Repurchase of Common Stock	-	-	-0.81	-14.2	-
Common Dividends Paid	-67.46	-59.84	-6.69	-9.6	-8.73
Other Financing Activities	-10.89	0.69	17.5	-5.44	17.65
Financing Cash Flow	-96.73	67.8	193.34	-5.2	69.19
Foreign Exchange Rate Adjustments	-0.66	0.6	-1.13	0.2	-0.12
Net Cash Flow	-65.97	-96.56	27.2	-7.77	35.36
Free Cash Flow	35.75	-164.21	-165.77	-6.99	-147.76
Free Cash Flow Margin	6.83%	-26.61%	-28.94%	-1.04%	-26.41%
Free Cash Flow Per Share	0.29	-1.35	-1.36	-0.06	-1.21
Cash Income Tax Paid	37.87	60.01	48.32	8.96	22.23
Levered Free Cash Flow	-228.07	-294.89	-139.99	-5.61	-113.86
Unlevered Free Cash Flow	-228.07	-289.23	-134.57	-3.15	-113.05
Change in Working Capital	-18.27	-36.14	-27.47	-58.68	-134.43

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