Hunan Development Group Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	70.42	67.8	49.47	69.14	119.73	97.88
Depreciation & Amortization	91.35	91.35	86.59	76.06	69.86	67.1
Other Amortization	2.25	2.25	2.4	1.87	1.99	2.07
Loss (Gain) on Sale of Assets	-0.01	-0.01	-0.01	0	-0.09	-
Loss (Gain) on Sale of Investments	9	9	10.43	-7.09	-48.18	-39.62
Asset Writedown	0.15	0.15	7.71	0	0.24	0.02
Change in Accounts Receivable	30.87	30.87	235.95	-4.19	-164.43	-356.72
Change in Inventory	-8.37	-8.37	-5.53	0.32	-0.41	-0.1
Change in Accounts Payable	1.77	1.77	3.33	-48.83	7.1	57.65
Change in Other Net Operating Assets	0.28	0.28	0.05	1.58	-	-
Other Operating Activities	62.94	-9.43	-20.95	-12.85	-9.04	-14.98
Operating Cash Flow	260.17	185.19	369.55	78.57	-20.56	-186.19
Operating Cash Flow Growth	27.80%	-49.89%	370.36%	-	-	-
Capital Expenditures	-89.19	-119.82	-78.91	-113.78	-200.95	-6.97
Sale of Property, Plant & Equipment	0.02	0.07	0.04	0.05	0.11	-
Cash Acquisitions	-	-	-	1.71	-	-
Divestitures	0.5	2.59	-2.89	-	19.85	-
Investment in Securities	327.78	-37.1	175.48	203.1	233.53	-221.78
Other Investing Activities	-204.81	18.64	-310.71	17.42	-5	10.44
Investing Cash Flow	34.3	-135.62	-216.98	108.5	47.54	-218.32
Long-Term Debt Issued	-	100	-	-	-	-
Long-Term Debt Repaid	-	-0.3	-0.48	-98.39	-28.44	-5.3
Net Debt Issued (Repaid)	164.75	99.7	-0.48	-98.39	-28.44	-5.3
Common Dividends Paid	-27.91	-23.68	-	-47.43	-51.57	-29.62
Other Financing Activities	-416.42	-338.58	-2.71	20.44	7.46	0.6
Financing Cash Flow	-279.57	-262.57	-3.19	-125.39	-72.55	-34.32
Net Cash Flow	14.9	-213	149.38	61.68	-45.56	-438.83
Free Cash Flow	170.98	65.37	290.64	-35.21	-221.5	-193.16
Free Cash Flow Growth	81.58%	-77.51%	-	-	-	-
Free Cash Flow Margin	45.91%	19.41%	99.37%	-8.37%	-46.30%	-62.13%
Free Cash Flow Per Share	0.39	0.14	0.65	-0.08	-0.48	-0.41
Cash Income Tax Paid	73.25	88.42	52.97	49.97	55.29	61
Levered Free Cash Flow	153.01	69.55	-121.41	-78.29	-198.5	-196.13
Unlevered Free Cash Flow	156.55	70.4	-121.01	-77.53	-195.19	-192.05
Change in Working Capital	22.14	22.14	234.08	-50.94	-157.76	-299.2

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