Haima Automobile Co.,Ltd 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	-256.46	-139.78	-202.04	-1,574	111.68
Depreciation & Amortization	281.87	352.5	429.26	510.51	567.3
Other Amortization	2.5	12.21	7.45	7.34	5.48
Loss (Gain) From Sale of Assets	-0.84	2.33	-3.73	0.35	-1.3
Asset Writedown & Restructuring Costs	27.1	104.2	12.51	815.52	25.93
Loss (Gain) From Sale of Investments	61.68	-230.91	-0.63	20.15	-383.67
Provision & Write-off of Bad Debts	-	18.43	36.48	-48.1	-7.07
Other Operating Activities	15.7	-59.67	20.66	15.91	73.97
Change in Accounts Receivable	171.98	11.42	-456.8	203.06	235.02
Change in Inventory	-174.39	432.44	-210.58	2.9	-151.05
Change in Accounts Payable	-533.98	-1,295	1,146	-91.86	-240.65
Operating Cash Flow	-403.64	-753.01	770.3	253.13	163
Operating Cash Flow Growth	-	-	204.31%	55.29%	48.45%
Capital Expenditures	-33.27	-123.65	-241.57	-293.82	-295.72
Sale of Property, Plant & Equipment	9.58	34.08	30.76	14.94	73.92
Divestitures	-	519.16	19.74	-	757.34
Investment in Securities	-49.97	-59	-41	-	-
Other Investing Activities	-0.83	198.97	14.16	-56.97	125.88
Investing Cash Flow	-74.49	569.57	-217.91	-335.85	661.42
Short-Term Debt Issued	-	-	-	180	170
Long-Term Debt Issued	146.1	279.23	197.72	100	-
Total Debt Issued	146.1	279.23	197.72	280	170
Short-Term Debt Repaid	-	-183.15	-6.5	-	-172.48
Long-Term Debt Repaid	-244.89	-238.96	-112.26	-5.6	-429.49
Total Debt Repaid	-244.89	-422.1	-118.76	-5.6	-601.97
Net Debt Issued (Repaid)	-98.78	-142.87	78.96	274.4	-431.97
Common Dividends Paid	-9.55	-9.19	-6.1	-4.6	-14.37
Other Financing Activities	-15.55	4.86	-	-	-80
Financing Cash Flow	-123.89	-147.21	72.86	269.8	-526.34
Foreign Exchange Rate Adjustments	-0.01	3.51	-0.17	1.94	-1.61
Net Cash Flow	-602.03	-327.14	625.08	189.02	296.48
Free Cash Flow	-436.9	-876.66	528.73	-40.69	-132.71
Free Cash Flow Margin	-23.29%	-48.08%	20.46%	-1.69%	-7.32%
Free Cash Flow Per Share	-0.27	-0.53	0.32	-0.03	-0.08
Cash Interest Paid	6.9	23.24	11.06	9.91	7.31
Cash Income Tax Paid	-159.66	-34.32	-239.44	-147.69	28.68
Levered Free Cash Flow	497.55	-697.82	-184.59	-577.68	-788.91
Unlevered Free Cash Flow	501.04	-677.02	-165.78	-566.62	-771.93
Change in Working Capital	-535.19	-810.53	473.35	509.83	-228.61

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