Shenyang Machine Tool Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	-37.73	5.71	7.06	34.76	25.76	-863.32
Depreciation & Amortization	147.07	147.07	89.99	98.33	75.49	266.98
Other Amortization	6.36	6.36	6.93	3.4	2.84	19.56
Loss (Gain) From Sale of Assets	-4.56	-4.56	-3.13	-13.8	-	-144.59
Asset Writedown & Restructuring Costs	50.87	50.87	3.28	0.92	-11.19	335.02
Loss (Gain) From Sale of Investments	-8.91	-8.91	-14.58	-40.83	-156.87	-43.25
Provision & Write-off of Bad Debts	-	-	-2.04	0.3	29.1	14.96
Other Operating Activities	-202.91	29.46	68.74	46.37	54.1	183.56
Change in Accounts Receivable	-240.73	-240.73	-204.64	259.09	-162.57	406.88
Change in Inventory	16.31	16.31	13.54	8.78	37.35	-135.05
Change in Accounts Payable	486.52	486.52	4.9	-249.98	-174.03	-355.82
Operating Cash Flow	221.67	497.47	-30.23	148.05	-258.02	-309.39
Capital Expenditures	-43.39	-37.14	-86.81	-30.06	-68.88	-12.86
Sale of Property, Plant & Equipment	12.53	13.49	12.24	39.29	-	248.87
Investment in Securities	0.86	-12.62	-	0.02	-	-
Other Investing Activities	-259.25	-59.61	0.5	-1.46	0.88	-19.6
Investing Cash Flow	-289.24	-95.88	-74.06	7.79	-68	216.41
Long-Term Debt Issued	-	550.85	707.53	260	32	200
Short-Term Debt Repaid	-	-	-561.23	-563.85	-629.89	-
Long-Term Debt Repaid	-	-1,262	-16.25	-14.81	-32	-445.79
Total Debt Repaid	-1,332	-1,262	-577.48	-578.66	-661.89	-445.79
Net Debt Issued (Repaid)	-703.41	-710.67	130.05	-318.66	-629.89	-245.79
Issuance of Common Stock	1,690	1,690	-	-	1,492	-
Common Dividends Paid	-25.49	-28.09	-34.81	-32.19	-59.55	-63.18
Other Financing Activities	-12.31	-12.07	60	-	-3.22	-90
Financing Cash Flow	948.6	938.97	155.23	-350.85	799.35	-398.98
Foreign Exchange Rate Adjustments	-0.2	0.75	-0	-	-	-
Net Cash Flow	880.82	1,341	50.95	-195.02	473.33	-491.96
Free Cash Flow	178.28	460.33	-117.03	117.99	-326.9	-322.25
Free Cash Flow Margin	4.96%	12.31%	-7.78%	7.86%	-19.57%	-18.97%
Free Cash Flow Per Share	0.07	0.19	-0.06	0.06	-0.13	-0.19
Cash Income Tax Paid	64.72	76.42	27.77	47.24	-20.93	11.14
Levered Free Cash Flow	145.37	458.86	-121.49	-331.91	-233.44	-441.7
Unlevered Free Cash Flow	145.37	458.86	-101.34	-309.44	-194.95	-389.35
Change in Working Capital	271.48	271.48	-186.48	18.6	-277.25	-78.3

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