Guizhou Zhenhua E-chem 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	-527.71	102.68	1,272	412.58
Depreciation & Amortization	222.8	191.99	135.55	116.17
Other Amortization	3.56	1	1.13	6.6
Loss (Gain) From Sale of Assets	4.18	8.81	-	-
Asset Writedown & Restructuring Costs	8.36	-0.03	1.35	0.02
Loss (Gain) From Sale of Investments	5.42	-4.62	-24.27	-8.63
Provision & Write-off of Bad Debts	-35.03	-8.69	26.63	37.61
Other Operating Activities	249.83	190.02	102.94	68.83
Change in Accounts Receivable	525.44	2,623	-511.94	-531.47
Change in Inventory	457.61	251.36	-306.99	-428.72
Change in Accounts Payable	-2,204	-1,726	448.08	400.27
Operating Cash Flow	-1,393	1,621	1,157	95.81
Operating Cash Flow Growth	-	40.11%	1107.25%	-
Capital Expenditures	-149.82	-258.53	-844.73	-297.9
Sale of Property, Plant & Equipment	1.17	1.62	0.63	0.03
Other Investing Activities	0.97	0	3.18	0.5
Investing Cash Flow	-147.68	-256.91	-840.92	-297.36
Long-Term Debt Issued	1,015	1,478	1,649	845
Long-Term Debt Repaid	-1,079	-1,513	-1,343	-627.69
Net Debt Issued (Repaid)	-63.94	-35.31	305.56	217.31
Issuance of Common Stock	1,091	-	-	1,252
Repurchase of Common Stock	-0.69	-	-	-
Common Dividends Paid	-88.02	-383.28	-187.98	-74.51
Dividends Paid	-88.02	-383.28	-187.98	-74.51
Other Financing Activities	79.65	205.56	-256.04	158.53
Financing Cash Flow	1,018	-213.03	-138.46	1,553
Foreign Exchange Rate Adjustments	0	0.01	-0	0
Net Cash Flow	-521.84	1,151	177.33	1,351
Free Cash Flow	-1,542	1,362	311.99	-202.08
Free Cash Flow Growth	-	336.62%	-	-
Free Cash Flow Margin	-78.65%	19.81%	2.24%	-3.66%
Free Cash Flow Per Share	-3.07	3.05	0.70	-0.55
Cash Income Tax Paid	48.21	209.6	326.79	57.18
Levered Free Cash Flow	-1,355	1,424	-38.94	-464.85
Unlevered Free Cash Flow	-1,311	1,485	24.11	-412.97
Change in Working Capital	-1,324	1,140	-358.82	-537.35

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