Hangzhou Kelin Electric 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	73.04	47.21	57	100.64
Depreciation & Amortization	7.36	6.73	5.72	4.83
Other Amortization	-	0.12	1.41	3.16
Loss (Gain) From Sale of Assets	-	-0.03	0.03	-0.01
Asset Writedown & Restructuring Costs	1.23	0.17	-	7.08
Loss (Gain) From Sale of Investments	-3.48	-3.52	-13.52	-4.07
Provision & Write-off of Bad Debts	1.19	1.75	4.85	-
Other Operating Activities	3.6	-5.19	-6.01	-5
Change in Accounts Receivable	-70.34	17.25	-15.56	-99.04
Change in Inventory	-6.37	-9.52	-8.27	-5.32
Change in Accounts Payable	110.96	17.52	-10.17	-5.41
Change in Other Net Operating Assets	-5.06	0.69	4.38	-
Operating Cash Flow	107.34	72.41	20.34	-2.35
Operating Cash Flow Growth	48.24%	256.00%	-	-
Capital Expenditures	-323.86	-144.03	-44.63	-37.01
Sale of Property, Plant & Equipment	-	0.06	0.03	0.06
Investment in Securities	193.82	8.3	211.52	-365.93
Investing Cash Flow	-130.04	-135.68	166.91	-402.88
Short-Term Debt Issued	43	23.98	-	-
Total Debt Issued	43	23.98	-	-
Long-Term Debt Repaid	-30.98	-	-0.7	-0.38
Net Debt Issued (Repaid)	12.02	23.98	-0.7	-0.38
Issuance of Common Stock	-	-	-	418.7
Common Dividends Paid	-20.16	-19.59	-83.85	-
Dividends Paid	-20.16	-19.59	-83.85	-
Other Financing Activities	9.27	-0.83	-	-27.5
Financing Cash Flow	1.12	3.56	-84.55	390.83
Net Cash Flow	-21.59	-59.71	102.69	-14.41
Free Cash Flow	-216.52	-71.62	-24.29	-39.36
Free Cash Flow Margin	-40.00%	-35.49%	-12.79%	-16.20%
Free Cash Flow Per Share	-1.42	-0.47	-0.16	-0.28
Cash Income Tax Paid	19.2	26.65	19.79	29.82
Levered Free Cash Flow	-211.82	-94.27	-41.61	-66.37
Unlevered Free Cash Flow	-211.41	-94.21	-41.56	-66.32
Change in Working Capital	24.41	25.16	-29.14	-108.98

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