Shandong Haihua 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	-1,388	39.22	1,044	1,108	750.7
Depreciation & Amortization	350.39	319.68	313.59	308.87	291.94
Other Amortization	4.52	0.22	0.22	0.22	-
Loss (Gain) From Sale of Assets	-	-7.35	-5.47	-9.02	-105.33
Asset Writedown & Restructuring Costs	1,216	298.43	32.73	38.91	88.66
Loss (Gain) From Sale of Investments	12.88	-3.24	-57.18	-126.99	-6.56
Other Operating Activities	-64.83	-67.51	5.08	13.77	6.66
Change in Accounts Receivable	564.62	1,374	-1,513	-1,037	-520.22
Change in Inventory	-263.5	-590.01	120.72	290.91	-235.33
Change in Accounts Payable	-605.94	314.49	-283.38	422.62	405.59
Change in Other Net Operating Assets	9.13	9.17	11.61	10.89	7.56
Operating Cash Flow	-104.35	1,663	-333.62	1,043	829.56
Operating Cash Flow Growth	-	-	-	25.75%	-
Capital Expenditures	-174.34	-161.77	-185.35	-132.4	-29.41
Sale of Property, Plant & Equipment	8.43	23.84	9.39	16.76	139.98
Cash Acquisitions	-	-	-	-655	-
Divestitures	-	-	5.31	11.98	-
Investment in Securities	-2,575	-206.13	-70	-55.91	0.02
Other Investing Activities	512.91	78.13	72.38	0.73	17.43
Investing Cash Flow	-2,228	-265.93	-168.27	-813.83	128.02
Long-Term Debt Issued	2,703	56.13	189.12	220	80
Total Debt Issued	2,703	56.13	189.12	220	80
Long-Term Debt Repaid	-1,264	-12.39	-9.6	-304.77	-26.64
Total Debt Repaid	-1,264	-12.39	-9.6	-304.77	-26.64
Net Debt Issued (Repaid)	1,439	43.75	179.52	-84.77	53.36
Common Dividends Paid	-19.64	-96.1	-92.37	-156.15	-99.05
Other Financing Activities	-0.8	-	-	-	-
Financing Cash Flow	1,419	-52.35	87.15	-240.92	-45.69
Net Cash Flow	-913.71	1,345	-414.74	-11.57	911.89
Free Cash Flow	-278.69	1,501	-518.97	910.79	800.15
Free Cash Flow Growth	-	-	-	13.83%	-
Free Cash Flow Margin	-5.87%	24.97%	-6.08%	9.38%	11.92%
Free Cash Flow Per Share	-0.31	1.53	-0.58	1.02	0.90
Cash Income Tax Paid	197.2	451.36	643.26	831.66	494.06
Levered Free Cash Flow	607.21	1,744	-321.61	986.25	1,231
Unlevered Free Cash Flow	625.95	1,753	-313.99	994.01	1,232
Change in Working Capital	-236.22	1,084	-1,667	-290.71	-196.52

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