Changchai Company 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	50.82	18.49	108.5	76.68	103.01
Depreciation & Amortization	82.83	91.13	96.06	85.75	80.84
Other Amortization	3.48	0.35	0.35	0.18	0.02
Loss (Gain) From Sale of Assets	-36.19	-0.3	-105.7	-0.39	-0.16
Asset Writedown & Restructuring Costs	0	0.44	-0.02	-0.09	-2.07
Loss (Gain) From Sale of Investments	7.5	38.36	-74.63	-162.46	-113.9
Provision & Write-off of Bad Debts	0.16	-1.58	-2.96	3.13	51.45
Other Operating Activities	37.77	15.14	36.59	18.9	17.29
Change in Accounts Receivable	27.2	-515.17	27.66	-33.14	-286.67
Change in Inventory	38.49	-44.37	-245.12	89.81	-53.08
Change in Accounts Payable	54.59	264.5	263.36	286.53	-79.05
Change in Other Net Operating Assets	24.84	-3.2	-	-1.9	-
Operating Cash Flow	289.56	-154.29	137.19	364.93	-266.32
Operating Cash Flow Growth	-	-	-62.41%	-	-
Capital Expenditures	-11.88	-19.33	-97.11	-48.44	-139.77
Sale of Property, Plant & Equipment	36.54	76.85	71.56	0.69	0.59
Investment in Securities	-43.86	-61.43	154.9	-119.52	-335.86
Other Investing Activities	12.82	11.95	23.63	29.31	9.53
Investing Cash Flow	-6.37	8.04	152.98	-137.95	-465.51
Short-Term Debt Issued	88.6	94.41	-	7	19
Total Debt Issued	88.6	94.41	-	7	19
Short-Term Debt Repaid	-	-	-7	-12	-29
Total Debt Repaid	-	-	-7	-12	-29
Net Debt Issued (Repaid)	88.6	94.41	-7	-5	-10
Issuance of Common Stock	-	-	-	-	633.87
Common Dividends Paid	-7.06	-33.17	-7.2	-18.69	-1.71
Other Financing Activities	-3.06	-	-117.17	44.81	44.35
Financing Cash Flow	78.48	61.24	-131.37	21.12	666.52
Foreign Exchange Rate Adjustments	-6.29	6.06	2.47	-0.15	-2.22
Net Cash Flow	355.39	-78.95	161.28	247.95	-67.54
Free Cash Flow	277.69	-173.62	40.08	316.49	-406.1
Free Cash Flow Growth	-	-	-87.34%	-	-
Free Cash Flow Margin	11.21%	-7.19%	1.86%	14.50%	-16.56%
Free Cash Flow Per Share	0.39	-0.25	0.06	0.45	-0.65
Cash Income Tax Paid	-22.74	30.99	-64.76	13.86	-18.74
Levered Free Cash Flow	348.66	-140.29	-234.8	348.74	-315.82
Unlevered Free Cash Flow	349.03	-140.07	-233.66	349.98	-312.13
Change in Working Capital	143.2	-316.32	79.01	343.23	-402.8

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