Tianneng Battery Group 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	1,555	2,305	1,908	1,369
Depreciation & Amortization	929.06	723.91	657.26	549.64
Other Amortization	11.54	6.32	3.35	7.43
Loss (Gain) From Sale of Assets	23.59	35.07	46.91	42.63
Asset Writedown & Restructuring Costs	287.5	15.78	-	-
Loss (Gain) From Sale of Investments	-103.69	-26.75	-77.12	-95.3
Provision & Write-off of Bad Debts	-25.57	51.21	151.45	35.76
Other Operating Activities	342.05	239.84	251.82	154.8
Change in Accounts Receivable	578.09	-190.02	-2,622	565
Change in Inventory	-891.48	-285.05	-2,014	319.68
Change in Accounts Payable	3,827	-324.25	3,381	693.66
Change in Other Net Operating Assets	29.19	90.29	151.25	19.47
Operating Cash Flow	6,563	2,534	1,704	3,452
Operating Cash Flow Growth	159.01%	48.68%	-50.63%	27.81%
Capital Expenditures	-2,218	-3,140	-2,575	-2,017
Sale of Property, Plant & Equipment	125.4	31.68	27.81	25.77
Cash Acquisitions	-	-	-	-0.36
Divestitures	-	67.06	0.89	-
Investment in Securities	-535.06	-15.46	1,229	-1,048
Other Investing Activities	169.99	-16.05	51.26	111.93
Investing Cash Flow	-2,457	-3,072	-1,266	-2,927
Short-Term Debt Issued	-	1.6	37.65	2.7
Long-Term Debt Issued	12,644	8,274	6,908	4,272
Total Debt Issued	12,644	8,275	6,946	4,275
Short-Term Debt Repaid	-1.61	-37.7	-	-
Long-Term Debt Repaid	-8,442	-6,928	-5,842	-3,533
Total Debt Repaid	-8,444	-6,965	-5,842	-3,533
Net Debt Issued (Repaid)	4,200	1,310	1,104	741.68
Issuance of Common Stock	-	-	-	5,001
Repurchase of Common Stock	-29.89	-	-	-
Common Dividends Paid	-897.57	-785.22	-804.9	-753.77
Other Financing Activities	-6,441	-168.17	-1,531	-1,917
Financing Cash Flow	-3,168	356.82	-1,233	3,072
Foreign Exchange Rate Adjustments	0.09	-5.94	7.83	1.54
Net Cash Flow	937.48	-187.72	-786.49	3,598
Free Cash Flow	4,345	-605.82	-870.95	1,435
Free Cash Flow Growth	-	-	-	-23.24%
Free Cash Flow Margin	9.65%	-1.27%	-2.08%	3.71%
Free Cash Flow Per Share	4.47	-0.62	-0.90	1.49
Cash Income Tax Paid	2,751	3,223	3,469	2,616
Levered Free Cash Flow	3,252	-504.36	-1,493	793.49
Unlevered Free Cash Flow	3,368	-382.31	-1,357	899.99
Change in Working Capital	3,544	-816.13	-1,238	1,387

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