Beibu Gulf Port 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	1,038	1,219	1,127	1,020	1,020
Depreciation & Amortization	1,556	1,390	1,205	998.24	792.68
Other Amortization	163.72	131.79	138.84	61.28	27.86
Loss (Gain) From Sale of Assets	-0.13	2.2	-0.1	-0.07	0.04
Asset Writedown & Restructuring Costs	1.93	0.76	3.03	-7.37	-0.8
Loss (Gain) From Sale of Investments	-18.14	-204.32	26.89	83.95	3.64
Provision & Write-off of Bad Debts	-1.15	4.01	-7.07	-0.3	-3.09
Other Operating Activities	466.47	420.24	456.97	396.27	322.59
Change in Accounts Receivable	29.12	-425.42	-183.36	-70.6	-458.17
Change in Inventory	3.21	0.29	4.7	-8.7	-9.68
Change in Accounts Payable	-173.47	-461.31	-554.03	142.95	-239.89
Change in Other Net Operating Assets	-	14.44	0.51	-10.7	2.24
Operating Cash Flow	3,063	2,091	2,155	2,598	1,457
Operating Cash Flow Growth	46.51%	-3.00%	-17.03%	78.25%	-37.53%
Capital Expenditures	-2,735	-1,863	-3,026	-4,479	-3,728
Cash Acquisitions	143.28	-	-	-291.75	-757.85
Divestitures	-	248.2	-	-	226.59
Investment in Securities	-93.67	-	-116.64	-92.1	-
Investing Cash Flow	-2,685	-1,614	-3,143	-4,862	-4,259
Long-Term Debt Issued	3,493	2,584	5,557	4,261	6,826
Long-Term Debt Repaid	-2,942	-4,252	-2,887	-2,853	-2,593
Net Debt Issued (Repaid)	551.02	-1,668	2,671	1,408	4,233
Issuance of Common Stock	-	3,572	2	-	96
Repurchase of Common Stock	-	-0.04	-0.9	-1.3	-3.89
Common Dividends Paid	-596.37	-1,121	-639.84	-666.58	-498.46
Other Financing Activities	-183.29	-96.77	-1,046	94.31	-76.97
Financing Cash Flow	-228.63	686.38	985.63	834.29	3,750
Foreign Exchange Rate Adjustments	-0	0.01	0.02	0.22	0
Net Cash Flow	149.6	1,163	-1.61	-1,430	948.24
Free Cash Flow	328.63	228.04	-870.63	-1,881	-2,270
Free Cash Flow Growth	44.11%	-	-	-	-
Free Cash Flow Margin	4.32%	3.26%	-12.53%	-29.48%	-38.43%
Free Cash Flow Per Share	0.14	0.10	-0.46	-1.04	-1.31
Cash Interest Paid	-	-	-	1.48	0.84
Cash Income Tax Paid	477.46	404.43	256.07	-50.73	245.94
Levered Free Cash Flow	618.63	138.67	-1,161	-1,943	-1,672
Unlevered Free Cash Flow	811.97	340.93	-949.42	-1,765	-1,530
Change in Working Capital	-144.08	-873.03	-794.77	45.73	-705.95

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