Zhuhai CosMX Battery Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	471.66	430.35	344.19	90.95	945.83
Depreciation & Amortization	1,933	1,830	1,539	1,162	776.04
Other Amortization	169.39	139.48	168.63	165.16	88.94
Loss (Gain) From Sale of Assets	-0.56	18.69	-2.04	0.5	-0.29
Asset Writedown & Restructuring Costs	2.34	12.76	66.94	41.77	57.42
Loss (Gain) From Sale of Investments	-4.84	-25.82	-33.42	78.06	-20.18
Provision & Write-off of Bad Debts	1.79	1.28	-2.85	4.72	-0.36
Other Operating Activities	316.07	211.36	278.91	281.98	270.87
Change in Accounts Receivable	-688.39	-603.96	-399.38	836.71	-133.25
Change in Inventory	-1,082	-175.27	-164.31	-11.49	-1,508
Change in Accounts Payable	1,211	839.98	975.64	-581.25	1,432
Change in Other Net Operating Assets	44.53	32.3	75.04	-16.41	-
Operating Cash Flow	2,087	2,444	2,603	1,881	1,988
Operating Cash Flow Growth	-14.60%	-6.12%	38.42%	-5.41%	5.97%
Capital Expenditures	-4,110	-3,022	-3,297	-3,250	-3,716
Sale of Property, Plant & Equipment	6.32	35.99	6.61	96.58	4.92
Investment in Securities	-683.27	-360.56	239.95	-431.03	-250
Other Investing Activities	10.84	18.44	35.82	-77.74	23.61
Investing Cash Flow	-4,776	-3,328	-3,015	-3,663	-3,937
Long-Term Debt Issued	4,045	3,325	2,801	2,683	2,055
Long-Term Debt Repaid	-2,930	-3,348	-2,424	-2,255	-869.23
Net Debt Issued (Repaid)	1,115	-23.71	377.37	428.36	1,186
Issuance of Common Stock	41.56	48.64	-	3,057	2,132
Repurchase of Common Stock	-44.89	-43.61	-56.41	-	-
Common Dividends Paid	-453.06	-442.32	-230.79	-297.47	-60.27
Other Financing Activities	900	3.3	461.26	-12.91	-110.87
Financing Cash Flow	1,559	-457.7	551.43	3,175	3,146
Foreign Exchange Rate Adjustments	0.77	101.29	19.42	29.82	-9.92
Net Cash Flow	-1,130	-1,241	159.45	1,423	1,188
Free Cash Flow	-2,023	-578.66	-693.78	-1,370	-1,727
Free Cash Flow Margin	-14.04%	-5.01%	-6.06%	-12.48%	-16.71%
Free Cash Flow Per Share	-1.80	-0.51	-0.60	-1.21	-1.74
Cash Income Tax Paid	-676.3	-398.8	-575.81	-831.69	-772.36
Levered Free Cash Flow	-89.7	-2,661	-823.17	-2,082	-1,238
Unlevered Free Cash Flow	28.33	-2,522	-682.46	-2,029	-1,219
Change in Working Capital	-802.25	-174.37	244.12	55.75	-130.01

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