Tibet Development 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	147.11	26.2	-25.77	-78.93	-14.37	14.05
Depreciation & Amortization	15.39	15.39	18.22	14.76	13.34	14.97
Other Amortization	0.64	0.64	-	-	-	-
Loss (Gain) From Sale of Assets	0.24	0.24	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	91.98	26.25	20.95
Loss (Gain) From Sale of Investments	7.84	7.84	8.97	9.76	10.56	14.07
Provision & Write-off of Bad Debts	-	-	-1.4	-	-	-
Other Operating Activities	-43.5	51.49	55.4	2.87	47.35	57.3
Change in Accounts Receivable	1.86	1.86	457.8	50.41	-19.86	-103.99
Change in Inventory	-3.6	-3.6	-18.71	10.06	-2.32	-2.57
Change in Accounts Payable	0.42	0.42	-416.24	5.63	-21.9	-62.87
Change in Other Net Operating Assets	-	-	8	-	-	-
Operating Cash Flow	126.4	100.47	87.92	98.81	36.17	-49.97
Operating Cash Flow Growth	1.82%	14.28%	-11.02%	173.20%	-	-
Capital Expenditures	-43.18	-26.15	-63.66	-28.74	-0.07	-0.46
Sale of Property, Plant & Equipment	0.05	0.09	0.43	-	-	-
Investment in Securities	11.17	-	-	-	-5	-252.24
Other Investing Activities	181.39	-	438.35	-	-	-
Investing Cash Flow	149.43	-26.06	375.11	-28.74	-5.07	-252.7
Long-Term Debt Repaid	-	-	-	-9.01	-31.86	-
Net Debt Issued (Repaid)	-	-	-	-9.01	-31.86	-
Common Dividends Paid	-40	-	-	-	-	-
Other Financing Activities	-	-	-8	-	-	-
Financing Cash Flow	142	-	-8	-9.01	-31.86	-
Net Cash Flow	417.82	74.41	455.03	61.06	-0.77	-302.67
Free Cash Flow	83.21	74.32	24.26	70.07	36.1	-50.43
Free Cash Flow Growth	-12.81%	206.37%	-65.38%	94.13%	-	-
Free Cash Flow Margin	18.61%	17.63%	7.20%	25.30%	9.19%	-12.44%
Free Cash Flow Per Share	0.32	0.28	0.09	0.27	0.13	-0.18
Cash Income Tax Paid	45.99	37.6	16.81	20.27	32	29.23
Levered Free Cash Flow	166.4	51.33	392.88	42.56	10.56	-427.43
Unlevered Free Cash Flow	166.75	51.68	406.71	65.06	33.06	-404.93
Change in Working Capital	-1.32	-1.32	32.51	58.37	-46.96	-171.32

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