Hunan Investment Group 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	Jan '22 Jan 1, 2022
Net Income	37.72	42.07	81.42	148.7	35.4	51.89
Depreciation & Amortization	57.62	57.62	55.16	51.04	50.66	53.51
Other Amortization	16.18	16.18	17.22	18.33	18.28	10.89
Loss (Gain) From Sale of Assets	0.07	0.07	1.34	0.01	-	-0.94
Asset Writedown & Restructuring Costs	3.11	3.11	2.77	-0.01	-	0.05
Loss (Gain) From Sale of Investments	-0.44	-0.44	-	-	-	-
Provision & Write-off of Bad Debts	3	3	2.81	1.82	0.92	-21.46
Other Operating Activities	85.33	23.62	25.33	17.05	8.89	19.32
Change in Accounts Receivable	8.56	8.56	7.73	55.41	-37.67	34
Change in Inventory	89.36	89.36	256.5	434.26	-312.87	-490.86
Change in Accounts Payable	-331.21	-331.21	-340.58	-348.72	774.08	-51.13
Operating Cash Flow	-31.73	-89.09	108.25	378.19	537.71	-395.64
Operating Cash Flow Growth	-	-	-71.38%	-29.67%	-	-
Capital Expenditures	-66.8	-44.61	-7.35	-7.5	-25.69	-26.83
Sale of Property, Plant & Equipment	0.02	0.02	-	0.06	-	1.13
Investment in Securities	-4.3	3.53	-22.17	-	-	-
Other Investing Activities	13.44	13.44	18.52	15	-	-
Investing Cash Flow	-57.63	-27.61	-11	7.57	-25.69	-25.71
Long-Term Debt Issued	-	90	-	150	150	575
Total Debt Issued	90	90	-	150	150	575
Long-Term Debt Repaid	-	-153.74	-16.15	-372.42	-384.22	-154.77
Total Debt Repaid	-103.74	-153.74	-16.15	-372.42	-384.22	-154.77
Net Debt Issued (Repaid)	-13.74	-63.74	-16.15	-222.42	-234.22	420.23
Common Dividends Paid	-27.3	-27.69	-49.64	-25.1	-40.65	-17.85
Other Financing Activities	0.43	-	-	-	-	-
Financing Cash Flow	-40.61	-91.43	-65.8	-247.51	-274.87	402.38
Net Cash Flow	-129.97	-208.13	31.45	138.25	237.15	-18.97
Free Cash Flow	-98.53	-133.7	100.89	370.7	512.02	-422.48
Free Cash Flow Growth	-	-	-72.78%	-27.60%	-	-
Free Cash Flow Margin	-19.99%	-25.74%	15.98%	29.66%	123.26%	-98.56%
Free Cash Flow Per Share	-0.20	-0.27	0.20	0.75	1.01	-0.81
Cash Income Tax Paid	88.21	91.63	113.4	131.73	60.01	31.41
Levered Free Cash Flow	-5.19	-42.4	302.76	391.66	463.76	-426.81
Unlevered Free Cash Flow	-1.82	-39.03	307.64	397.92	468.93	-419.59
Change in Working Capital	-234.32	-234.32	-77.81	141.23	423.55	-508.9

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