Hunan Investment Group 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	42.07	81.42	148.7	35.4	51.89
Depreciation & Amortization	57.62	55.16	51.04	50.66	53.51
Other Amortization	16.18	17.22	18.33	18.28	10.89
Loss (Gain) From Sale of Assets	0.07	1.34	0.01	-	-0.94
Asset Writedown & Restructuring Costs	20.89	2.77	-0.01	-	0.05
Loss (Gain) From Sale of Investments	-0.44	-	-	-	-
Provision & Write-off of Bad Debts	-	2.81	1.82	0.92	-21.46
Other Operating Activities	8.84	25.33	17.05	8.89	19.32
Change in Accounts Receivable	8.56	7.73	55.41	-37.67	34
Change in Inventory	89.36	256.5	434.26	-312.87	-490.86
Change in Accounts Payable	-331.21	-340.58	-348.72	774.08	-51.13
Operating Cash Flow	-89.09	108.25	378.19	537.71	-395.64
Operating Cash Flow Growth	-	-71.38%	-29.67%	-	-
Capital Expenditures	-44.61	-7.35	-7.5	-25.69	-26.83
Sale of Property, Plant & Equipment	0.02	-	0.06	-	1.13
Investment in Securities	3.53	-22.17	-	-	-
Other Investing Activities	13.44	18.52	15	-	-
Investing Cash Flow	-27.61	-11	7.57	-25.69	-25.71
Long-Term Debt Issued	90	-	150	150	575
Total Debt Issued	90	-	150	150	575
Long-Term Debt Repaid	-142.5	-16.15	-372.42	-384.22	-154.77
Total Debt Repaid	-142.5	-16.15	-372.42	-384.22	-154.77
Net Debt Issued (Repaid)	-52.5	-16.15	-222.42	-234.22	420.23
Common Dividends Paid	-27.69	-49.64	-25.1	-40.65	-17.85
Other Financing Activities	-11.24	-	-	-	-
Financing Cash Flow	-91.43	-65.8	-247.51	-274.87	402.38
Net Cash Flow	-208.13	31.45	138.25	237.15	-18.97
Free Cash Flow	-133.7	100.89	370.7	512.02	-422.48
Free Cash Flow Growth	-	-72.78%	-27.60%	-	-
Free Cash Flow Margin	-25.74%	15.98%	29.66%	123.26%	-98.56%
Free Cash Flow Per Share	-0.27	0.20	0.75	1.01	-0.81
Cash Income Tax Paid	91.63	113.4	131.73	60.01	31.41
Levered Free Cash Flow	-25.9	302.76	391.66	463.76	-426.81
Unlevered Free Cash Flow	-25.9	307.64	397.92	468.93	-419.59
Change in Working Capital	-234.32	-77.81	141.23	423.55	-508.9

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