Farasis Energy (Gan Zhou) 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	-332.06	-1,868	-926.99	-952.72
Depreciation & Amortization	815.19	799.76	656.06	368.26
Other Amortization	48.33	22.82	12.09	3.35
Loss (Gain) From Sale of Assets	-0.01	25.77	0.18	7.98
Asset Writedown & Restructuring Costs	50.71	37.36	-0	7.41
Loss (Gain) From Sale of Investments	60.85	467.21	53.06	-337.48
Provision & Write-off of Bad Debts	21.53	45.18	18.14	100.2
Other Operating Activities	502.65	914.43	499.74	252.65
Change in Accounts Receivable	3,457	-1,713	14.37	-951.66
Change in Inventory	710.03	3,460	-4,560	-1,605
Change in Accounts Payable	-4,156	-1,386	2,403	3,344
Change in Other Net Operating Assets	-151.27	137.71	313.5	167.77
Operating Cash Flow	908.77	664.03	-1,747	233.24
Operating Cash Flow Growth	36.86%	-	-	-
Capital Expenditures	-1,558	-1,073	-1,867	-2,331
Sale of Property, Plant & Equipment	3.12	24.62	130.23	0.02
Investment in Securities	-313.1	-35.35	259.21	-589.97
Other Investing Activities	96.92	-441.24	514.75	-959.47
Investing Cash Flow	-1,771	-1,525	-962.77	-3,881
Long-Term Debt Issued	4,217	5,731	2,767	1,074
Total Debt Issued	4,217	5,731	2,767	1,074
Short-Term Debt Repaid	-	-	-	-6.18
Long-Term Debt Repaid	-5,205	-4,540	-774.51	-84.06
Total Debt Repaid	-5,205	-4,540	-774.51	-90.25
Net Debt Issued (Repaid)	-987.67	1,191	1,992	984.23
Issuance of Common Stock	2.53	69.81	3,379	-
Common Dividends Paid	-106.98	-201.01	-189.72	-93.85
Other Financing Activities	-74.6	-24.91	-24.3	-1.75
Financing Cash Flow	-1,167	1,035	5,157	888.64
Foreign Exchange Rate Adjustments	26.46	35.73	14.36	4.91
Net Cash Flow	-2,002	209.63	2,461	-2,754
Free Cash Flow	-648.85	-409.32	-3,614	-2,098
Free Cash Flow Margin	-5.56%	-2.49%	-31.19%	-59.94%
Free Cash Flow Per Share	-0.53	-0.34	-3.35	-1.96
Cash Income Tax Paid	-529.77	-925.13	-1,138	-32.45
Levered Free Cash Flow	-3,772	-1,229	-97.74	-447.15
Unlevered Free Cash Flow	-3,565	-1,036	21.67	-403.13
Change in Working Capital	-258.41	219.26	-2,059	783.6

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