Nantong Xingqiu Graphite 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	148.02	147.7	141.65	121.85
Depreciation & Amortization	50.86	42.58	18.44	13.78
Other Amortization	0.38	-	-	-
Loss (Gain) From Sale of Assets	0.25	0.26	0.26	-0.01
Asset Writedown & Restructuring Costs	-0.1	0.04	-0.18	0.18
Loss (Gain) From Sale of Investments	-25.26	-16.8	-12.43	-14.87
Provision & Write-off of Bad Debts	3.34	6.75	0.06	-1.12
Other Operating Activities	28.32	11.63	-0.28	0.38
Change in Accounts Receivable	-12.35	27.8	-299.96	-249.87
Change in Inventory	-50.86	-148.29	-101.79	-96.05
Change in Accounts Payable	34.33	9.19	176.29	176.66
Change in Other Net Operating Assets	-9.68	14.19	15.53	-2.62
Operating Cash Flow	164.62	93.59	-65.1	-51.49
Operating Cash Flow Growth	75.90%	-	-	-
Capital Expenditures	-62.48	-19.69	-60.37	-14.68
Sale of Property, Plant & Equipment	0.56	0.04	0.05	0.13
Investment in Securities	199.61	-659	-24	-67
Other Investing Activities	26.05	16.95	13.95	14.2
Investing Cash Flow	163.74	-661.71	-70.36	-67.36
Short-Term Debt Issued	20	50	50	-
Long-Term Debt Issued	-	617.1	-	-
Total Debt Issued	20	667.1	50	-
Short-Term Debt Repaid	-70	-50	-	-
Long-Term Debt Repaid	-0.24	-0.05	-0.26	-
Total Debt Repaid	-70.24	-50.05	-0.26	-
Net Debt Issued (Repaid)	-50.24	617.05	49.74	-
Issuance of Common Stock	3	16.28	31.2	568.72
Repurchase of Common Stock	-24.35	-1.61	-	-
Common Dividends Paid	-48.52	-44.22	-14.92	-50.19
Other Financing Activities	-0.4	-0.43	-0.14	-17.05
Financing Cash Flow	-120.51	587.07	65.88	501.49
Foreign Exchange Rate Adjustments	1.03	-0	0.21	-0.05
Net Cash Flow	208.89	18.95	-69.37	382.6
Free Cash Flow	102.14	73.89	-125.46	-66.17
Free Cash Flow Growth	38.22%	-	-	-
Free Cash Flow Margin	16.14%	9.59%	-19.27%	-12.86%
Free Cash Flow Per Share	0.70	0.51	-0.87	-0.50
Cash Income Tax Paid	64.82	62.57	56.63	59.24
Levered Free Cash Flow	159.76	-48.87	32.36	33.04
Unlevered Free Cash Flow	176.1	-41.34	32.64	33.06
Change in Working Capital	-41.18	-98.58	-212.63	-171.68

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