Guangdong Shunna Electric 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	141.49	94.05	64.37	31.51	-12.76
Depreciation & Amortization	32.99	25.28	23.29	24.33	24.54
Other Amortization	0.62	1.04	0.71	0.7	0.61
Loss (Gain) From Sale of Assets	0.02	-0.07	-0.01	-0.01	-0.34
Asset Writedown & Restructuring Costs	0.64	0.05	0.24	10.43	13.36
Loss (Gain) From Sale of Investments	0.02	0.03	-0	0.05	-7.03
Provision & Write-off of Bad Debts	-	19.81	4.65	24.74	6.11
Other Operating Activities	8.47	51.91	41.25	41.03	20.35
Change in Accounts Receivable	123.05	-211.66	-95.1	-167.77	40.67
Change in Inventory	-22.04	-25.34	12.29	-21.45	-11.65
Change in Accounts Payable	64.12	191.52	146.57	151.72	-13.53
Operating Cash Flow	349.62	142.23	198.01	92.07	54.4
Operating Cash Flow Growth	145.81%	-28.17%	115.06%	69.24%	41.91%
Capital Expenditures	-25.89	-37.2	-41.38	-6.92	-6.15
Sale of Property, Plant & Equipment	0.07	0.02	0.01	0.06	0.46
Divestitures	-	-	-	0.82	-
Investment in Securities	-40	-	-	-	-
Other Investing Activities	0.13	0.02	-	0.15	0.22
Investing Cash Flow	-65.68	-37.16	-41.37	-5.9	-5.47
Long-Term Debt Issued	187.3	220.5	306.88	375.78	347.99
Total Debt Issued	187.3	220.5	306.88	375.78	347.99
Long-Term Debt Repaid	-427.26	-256.13	-464.08	-339.99	-337.07
Total Debt Repaid	-427.26	-256.13	-464.08	-339.99	-337.07
Net Debt Issued (Repaid)	-239.96	-35.62	-157.2	35.78	10.92
Common Dividends Paid	-3.58	-5.91	-11.46	-16.73	-19.71
Other Financing Activities	-22.21	-18.03	-22.65	-34.35	-91.78
Financing Cash Flow	-265.74	-59.56	-191.31	-15.3	-100.57
Foreign Exchange Rate Adjustments	-0.47	0.29	0.51	-0.22	-2.89
Net Cash Flow	17.73	45.8	-34.15	70.65	-54.53
Free Cash Flow	323.73	105.03	156.63	85.15	48.25
Free Cash Flow Growth	208.23%	-32.95%	83.95%	76.47%	35.79%
Free Cash Flow Margin	14.46%	4.34%	7.58%	4.80%	3.31%
Free Cash Flow Per Share	0.47	0.15	0.23	0.12	0.07
Cash Income Tax Paid	91.76	102.72	98.42	73.32	78.46
Levered Free Cash Flow	273.25	85.38	157.75	34.33	208.63
Unlevered Free Cash Flow	273.25	88.68	165.29	44.51	225.23
Change in Working Capital	165.36	-49.88	63.51	-40.71	9.56

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