Baimtec Material 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	537.32	581.04	576.21	442.46	375.24
Depreciation & Amortization	128.25	114.42	102.62	87.31	46.53
Other Amortization	-	2.77	-	-	1.04
Loss (Gain) From Sale of Assets	-	-0.08	-	-0.03	-0.15
Asset Writedown & Restructuring Costs	7.79	0.85	0.83	-0.05	19.36
Loss (Gain) From Sale of Investments	-58.33	-76.57	-12.48	-	-
Provision & Write-off of Bad Debts	-	41.66	3.99	4.16	23.09
Other Operating Activities	3.25	-6.66	-10.37	32.69	13.29
Change in Accounts Receivable	79.76	-502.74	-359.12	-323.72	-720.49
Change in Inventory	-108.64	20.06	-46.83	-349.37	-174.8
Change in Accounts Payable	-88.89	-149.78	8.36	281.21	568.3
Operating Cash Flow	475.15	21.62	265.35	171.61	145.16
Operating Cash Flow Growth	2097.54%	-91.85%	54.62%	18.22%	4132.10%
Capital Expenditures	-349.21	-146.26	-188	-190.29	-22.21
Sale of Property, Plant & Equipment	-	-	0.41	0.16	0.21
Investment in Securities	2,340	-2,440	-3,700	-	-
Other Investing Activities	67.84	75.09	-	-	-
Investing Cash Flow	2,059	-2,511	-3,888	-190.13	-21.99
Long-Term Debt Issued	60	-	-	-	-
Total Debt Issued	60	-	-	-	-
Short-Term Debt Repaid	-	-	-	-	-270
Long-Term Debt Repaid	-60	-54.72	-28.04	-30.21	-16.28
Total Debt Repaid	-60	-54.72	-28.04	-30.21	-286.28
Net Debt Issued (Repaid)	-	-54.72	-28.04	-30.21	-286.28
Issuance of Common Stock	-	-	6,915	-	1,034
Common Dividends Paid	-240.99	-236.25	-59.4	-20.16	-127.85
Other Financing Activities	-580.62	-	-13.14	-4.6	118.33
Financing Cash Flow	-821.61	-290.97	6,814	-54.98	738.05
Foreign Exchange Rate Adjustments	-1.3	2.28	7.88	13.02	-1.22
Net Cash Flow	1,711	-2,778	3,200	-60.47	860
Free Cash Flow	125.95	-124.64	77.35	-18.68	122.95
Free Cash Flow Margin	4.41%	-4.25%	2.76%	-0.80%	6.31%
Free Cash Flow Per Share	0.28	-0.28	0.20	-0.05	0.34
Cash Income Tax Paid	228.6	139.88	141.76	83.06	7.77
Levered Free Cash Flow	-1,384	-333.01	-105.57	-94.68	160.77
Unlevered Free Cash Flow	-1,384	-328.34	-101.81	-89.93	167.85
Change in Working Capital	-143.12	-635.81	-395.44	-394.93	-333.23

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