KBC Corporation 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	-814.96	202.46	551.17	501.1
Depreciation & Amortization	188.26	114.91	71.2	55.99
Other Amortization	0.56	-	-	-
Loss (Gain) From Sale of Assets	-0.03	-26.53	-	-
Asset Writedown & Restructuring Costs	455.69	-	0.16	1.42
Loss (Gain) From Sale of Investments	-35.88	-22.88	-26.52	-19.34
Provision & Write-off of Bad Debts	13.58	11.34	0.47	17.24
Other Operating Activities	144.79	26.52	31.84	9.01
Change in Accounts Receivable	347.85	-124.08	-481.02	-457
Change in Inventory	-176.94	-75.34	68.25	-223.8
Change in Accounts Payable	94.9	80.62	188.94	126.84
Change in Other Net Operating Assets	-	18.3	74.91	68.34
Operating Cash Flow	198.23	208.02	494.68	66.81
Operating Cash Flow Growth	-4.70%	-57.95%	640.47%	61.99%
Capital Expenditures	-798	-1,306	-1,204	-640.53
Sale of Property, Plant & Equipment	1.49	77.32	0.01	0.28
Investment in Securities	509.58	1,110	-2,406	2.53
Investing Cash Flow	-286.92	-119.04	-3,611	-637.71
Short-Term Debt Issued	-	-	41.88	74.2
Long-Term Debt Issued	150.28	283.8	410	675.66
Total Debt Issued	150.28	283.8	451.88	749.86
Long-Term Debt Repaid	-231.45	-167.25	-218.1	-
Total Debt Repaid	-231.45	-167.25	-218.1	-
Net Debt Issued (Repaid)	-81.17	116.55	233.78	749.86
Issuance of Common Stock	1.56	44.39	3,102	7.95
Repurchase of Common Stock	-60.09	-152.2	-200.02	-
Common Dividends Paid	-	-36.53	-26.83	-40.35
Other Financing Activities	-14.68	-	3.57	-1.68
Financing Cash Flow	-154.39	-27.79	3,113	715.78
Foreign Exchange Rate Adjustments	0.24	0.22	4.99	-0.31
Net Cash Flow	-242.84	61.41	1.89	144.56
Free Cash Flow	-599.76	-1,098	-709.76	-573.72
Free Cash Flow Margin	-111.71%	-102.51%	-48.94%	-42.88%
Free Cash Flow Per Share	-2.93	-5.32	-3.74	-3.22
Cash Interest Paid	14.1	-	-	-
Cash Income Tax Paid	-70.36	-35.93	158.22	78.33
Levered Free Cash Flow	-595.21	-1,220	-771.09	-630.64
Unlevered Free Cash Flow	-586.4	-1,212	-756.19	-625.22
Change in Working Capital	246.23	-97.81	-133.64	-498.61

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