Weichai Heavy Machinery 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	245.3	184.96	166.48	140.75	136.78	109.69
Depreciation & Amortization	126.46	126.46	136.78	148.97	164.14	157.6
Loss (Gain) From Sale of Assets	-0.79	-0.79	-1.97	-10.87	-19.64	-2.89
Asset Writedown & Restructuring Costs	3.07	3.07	0.13	2.09	1.01	0.33
Loss (Gain) From Sale of Investments	-56.92	-56.92	-58.48	-43.2	-68.79	-53.93
Provision & Write-off of Bad Debts	7.44	7.44	0.14	0.99	4.36	0.54
Other Operating Activities	380.4	1.84	5.44	18.75	-1.43	61.89
Change in Accounts Receivable	-142.39	-142.39	59.07	-298.07	-127.86	44.05
Change in Inventory	-254.51	-254.51	-85.26	44.94	42.25	-106.9
Change in Accounts Payable	549.39	549.39	252.47	275.53	64.78	41.38
Change in Other Net Operating Assets	2.62	2.62	1.71	0.31	-0.87	0.45
Operating Cash Flow	864.41	425.51	461.17	287.96	180.74	251.18
Operating Cash Flow Growth	829.50%	-7.73%	60.16%	59.33%	-28.05%	84.80%
Capital Expenditures	9.63	-29.71	-29.92	-36.25	-48.9	-60.61
Sale of Property, Plant & Equipment	0.27	0.86	3.75	27.4	53.56	-
Investment in Securities	-722.53	34.57	-	-	-	17.71
Other Investing Activities	-	-	19.54	26.1	32.82	-
Investing Cash Flow	-712.63	5.73	-6.63	17.25	37.48	-42.9
Total Debt Issued	-16.47	-	-	-	-	-
Total Debt Repaid	-34.7	-	-	-	-	-
Net Debt Issued (Repaid)	-51.17	-	-	-	-	-
Common Dividends Paid	-96.46	-59.64	-49.7	-8.28	-13.81	-5.52
Other Financing Activities	-0.16	-0.03	-0.02	-	-0.06	-0
Financing Cash Flow	-147.78	-59.67	-49.72	-8.28	-13.87	-5.52
Foreign Exchange Rate Adjustments	3.32	-	-	-	-	-0.07
Net Cash Flow	7.31	371.58	404.83	296.93	204.35	202.68
Free Cash Flow	874.04	395.81	431.25	251.71	131.84	190.57
Free Cash Flow Growth	7925.23%	-8.22%	71.33%	90.92%	-30.82%	89.19%
Free Cash Flow Margin	15.90%	9.89%	11.46%	7.29%	3.86%	5.76%
Free Cash Flow Per Share	1.90	0.86	0.93	0.54	0.28	0.41
Cash Income Tax Paid	109.53	36.5	112.95	102.73	161.34	115.62
Levered Free Cash Flow	474.91	527.79	323.9	85.58	145.2	84.51
Unlevered Free Cash Flow	475.24	527.88	323.9	85.58	145.2	84.51
Change in Working Capital	159.45	159.45	212.66	30.47	-35.69	-22.05

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