Shenzhen Huakong Seg Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-13.58	13.11	653.88	-217.47	-97.74	-166.11
Depreciation & Amortization	16.66	16.66	29.77	24.95	24.33	19.58
Other Amortization	1.75	1.75	3.98	0.46	0.68	0.53
Loss (Gain) From Sale of Assets	-0.95	-0.95	-472	0.3	-0	-0.36
Asset Writedown & Restructuring Costs	5.25	5.25	12.28	40.06	2.03	16.17
Loss (Gain) From Sale of Investments	-0.01	-0.01	-495.11	0.74	0.76	18.21
Provision & Write-off of Bad Debts	7.77	7.77	2.15	4.49	5.28	19.13
Other Operating Activities	312.04	99.19	141.15	112.44	104.68	75.14
Change in Accounts Receivable	-30	-30	405.89	-428.64	-271.39	-61.12
Change in Inventory	5.25	5.25	23.69	0.57	-45.62	-5.65
Change in Accounts Payable	88.47	88.47	-32.99	556.28	262.18	68.88
Operating Cash Flow	385.63	199.46	333.26	84.74	-20.38	-15.7
Operating Cash Flow Growth	76.53%	-40.15%	293.29%	-	-	-
Capital Expenditures	4.91	-2.02	-4.62	-9.59	-6.37	-149.24
Sale of Property, Plant & Equipment	0.81	0.63	444.18	-	0	0.39
Divestitures	0.9	0.9	148.27	148	-	-
Investment in Securities	-13.9	0.35	98.84	0.09	-	-
Other Investing Activities	-3.59	5	2.89	1.35	2.12	3.72
Investing Cash Flow	-10.86	4.86	698.19	148.45	-1.25	-141.13
Long-Term Debt Issued	-	10	42.99	73	13.54	217
Total Debt Issued	5	10	42.99	73	13.54	217
Long-Term Debt Repaid	-	-561.74	-594.73	-140.46	-339.54	-189.87
Total Debt Repaid	-177.89	-561.74	-594.73	-140.46	-339.54	-189.87
Net Debt Issued (Repaid)	-172.89	-551.74	-551.74	-67.46	-326	27.13
Common Dividends Paid	-41.76	-59.48	-99.14	-106.45	-102.67	-117.88
Other Financing Activities	-115.17	243.7	-314.92	-113.25	263.09	161.4
Financing Cash Flow	-329.82	-367.52	-965.8	-287.16	-165.58	70.66
Foreign Exchange Rate Adjustments	0	0.02	0.01	0.07	-0.02	-0.06
Net Cash Flow	44.95	-163.19	65.67	-53.91	-187.23	-86.23
Free Cash Flow	390.54	197.45	328.64	75.15	-26.76	-164.94
Free Cash Flow Growth	89.70%	-39.92%	337.32%	-	-	-
Free Cash Flow Margin	41.74%	19.55%	35.68%	6.78%	-2.86%	-72.13%
Free Cash Flow Per Share	0.39	0.20	0.33	0.07	-0.03	-0.16
Cash Income Tax Paid	17.08	11.99	28.33	-26.81	-11.19	9.92
Levered Free Cash Flow	-186.06	-266.32	-400.78	48.29	235.08	-229.1
Unlevered Free Cash Flow	-140.17	-213.91	-323.28	128.34	311.83	-177.27
Change in Working Capital	56.69	56.69	457.17	118.76	-60.4	2.01

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.