Changhong Meiling 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	410.41	699.27	735.83	244.54	51.9
Depreciation & Amortization	451.72	414.33	397.93	387.99	377.59
Other Amortization	19.52	16.16	9.2	-	-
Loss (Gain) From Sale of Assets	-0.11	-0.16	-1.88	-27.6	0.13
Asset Writedown & Restructuring Costs	25.81	21.32	23.28	-25.33	-79.3
Loss (Gain) From Sale of Investments	-60.43	-36.78	-25.22	-86.81	-133.55
Provision & Write-off of Bad Debts	-8.38	-15.09	81.89	163.36	29.23
Other Operating Activities	7	56	-27.86	63.27	19.18
Change in Accounts Receivable	642.7	186.22	-758.81	343.6	-56.91
Change in Inventory	1,342	-1,589	-296.2	-347.15	384.57
Change in Accounts Payable	-2,020	4,210	1,931	674.84	-481.36
Change in Other Net Operating Assets	-	-	-	80.51	70.63
Operating Cash Flow	860.09	3,970	2,073	1,465	160.92
Operating Cash Flow Growth	-78.34%	91.53%	41.48%	810.47%	-88.53%
Capital Expenditures	-426.18	-324.9	-272.09	-276.17	-262.33
Sale of Property, Plant & Equipment	3.09	3.35	7.43	78.34	1.79
Investment in Securities	-543.36	-1,610	-241.78	-376.68	-0
Other Investing Activities	118.41	235.95	232.8	68.12	278.46
Investing Cash Flow	-848.05	-1,695	-273.63	-506.38	17.92
Long-Term Debt Issued	3,302	2,356	1,923	1,255	1,669
Long-Term Debt Repaid	-3,186	-2,872	-1,627	-1,536	-2,332
Net Debt Issued (Repaid)	115.98	-515.56	296.01	-280.67	-662.49
Repurchase of Common Stock	-86.96	-	-	-0.74	-16.51
Common Dividends Paid	-366.85	-332.8	-118.02	-84.26	-100.42
Other Financing Activities	106.74	139.48	280.08	-389.24	28.94
Financing Cash Flow	-231.09	-708.89	458.07	-754.91	-750.49
Foreign Exchange Rate Adjustments	2.81	19.04	13.44	69.17	-13.7
Net Cash Flow	-216.24	1,585	2,271	273.03	-585.33
Free Cash Flow	433.91	3,645	1,801	1,189	-101.4
Free Cash Flow Growth	-88.10%	102.43%	51.46%	-	-
Free Cash Flow Margin	1.43%	12.75%	7.39%	5.88%	-0.56%
Free Cash Flow Per Share	0.42	3.54	1.75	1.15	-0.10
Cash Income Tax Paid	-759.89	-632.22	-65.85	-126.23	-232.68
Levered Free Cash Flow	502.9	3,797	1,561	1,074	-259.8
Unlevered Free Cash Flow	524.35	3,813	1,581	1,095	-215.28
Change in Working Capital	14.54	2,815	879.74	745.74	-104.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.