Bengang Steel Plates 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	-3,942	-5,037	-1,721	-1,233	2,501
Depreciation & Amortization	1,785	1,723	1,703	2,009	2,401
Other Amortization	1.16	-	-	-	-
Loss (Gain) From Sale of Assets	-0	-13.02	-298.94	-3.65	-0.13
Asset Writedown & Restructuring Costs	61.81	49.02	85.57	6.93	116.52
Loss (Gain) From Sale of Investments	10.96	42.97	2.81	-89.59	120.52
Provision & Write-off of Bad Debts	11.36	-51.16	-21.96	9.16	2.42
Other Operating Activities	831.53	629.08	455.93	651.01	1,018
Change in Accounts Receivable	-534.37	1,928	-61.76	2,034	2,159
Change in Inventory	677	157.98	766	1,693	-1,202
Change in Accounts Payable	-691.25	1,654	3,428	-3,826	-6,751
Change in Other Net Operating Assets	0.07	0.65	-2.05	1.88	-
Operating Cash Flow	-1,789	1,100	4,346	1,276	413.47
Operating Cash Flow Growth	-	-74.68%	240.52%	208.69%	-
Capital Expenditures	-2,216	-975.2	-994.82	-1,707	-1,305
Sale of Property, Plant & Equipment	87.18	137.07	85.06	4.75	0
Divestitures	-	-	-	137.07	-
Investment in Securities	-60	-	1.84	0.42	5,200
Other Investing Activities	-	-	0.9	2.88	2.72
Investing Cash Flow	-2,189	-838.14	-907.02	-1,562	3,898
Short-Term Debt Issued	-	-	80.02	740	-
Long-Term Debt Issued	7,140	3,765	1,570	2,000	6,016
Total Debt Issued	7,140	3,765	1,650	2,740	6,016
Short-Term Debt Repaid	-	-	-97.81	-	-740
Long-Term Debt Repaid	-4,220	-2,352	-3,988	-6,339	-12,073
Total Debt Repaid	-4,220	-2,352	-4,086	-6,339	-12,813
Net Debt Issued (Repaid)	2,920	1,413	-2,436	-3,599	-6,796
Issuance of Common Stock	29.4	-	-	-	-
Common Dividends Paid	-372.18	-274.02	-211.81	-2,766	-2,551
Other Financing Activities	92.14	-1,063	-921.83	1,628	2,147
Financing Cash Flow	2,669	75.44	-3,570	-4,738	-7,200
Foreign Exchange Rate Adjustments	5.4	52.93	33.47	21.19	-41.13
Net Cash Flow	-1,303	390.52	-96.98	-5,002	-2,930
Free Cash Flow	-4,005	125.08	3,351	-431.1	-891.5
Free Cash Flow Growth	-	-96.27%	-	-	-
Free Cash Flow Margin	-8.63%	0.24%	5.78%	-0.69%	-1.14%
Free Cash Flow Per Share	-0.97	0.03	0.82	-0.10	-0.18
Cash Income Tax Paid	287.77	316.39	330.14	167.26	2,595
Levered Free Cash Flow	-2,274	2,264	4,672	-47.54	-1,018
Unlevered Free Cash Flow	-2,028	2,504	4,931	327.06	-388.52
Change in Working Capital	-547.97	3,757	4,141	-73.77	-5,746

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