Weichai Heavy Machinery 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	Dec '21 Dec 31, 2021
Net Income	240.05	144.83	166.48	140.75	136.78
Depreciation & Amortization	141.35	141.21	136.78	148.97	164.14
Other Amortization	2.35	1.61	-	-	-
Loss (Gain) From Sale of Assets	-6.08	-0.79	-1.97	-10.87	-19.64
Asset Writedown & Restructuring Costs	1.12	3.07	0.13	2.09	1.01
Loss (Gain) From Sale of Investments	-37.36	-56.92	-58.48	-43.2	-68.79
Provision & Write-off of Bad Debts	7.85	8.5	0.14	0.99	4.36
Other Operating Activities	-1.97	6.33	5.44	18.75	-1.43
Change in Accounts Receivable	799.07	691.66	59.07	-298.07	-127.86
Change in Inventory	-945.56	-247.67	-85.26	44.94	42.25
Change in Accounts Payable	516.49	-380.2	252.47	275.53	64.78
Change in Other Net Operating Assets	-6.92	28.9	1.71	0.31	-0.87
Operating Cash Flow	709.32	343.89	461.17	287.96	180.74
Operating Cash Flow Growth	106.26%	-25.43%	60.16%	59.33%	-28.05%
Capital Expenditures	-16.59	-105.11	-29.92	-36.25	-48.9
Sale of Property, Plant & Equipment	0.27	0.86	3.75	27.4	53.56
Investment in Securities	-982.53	-	-	-	-
Other Investing Activities	-	34.57	19.54	26.1	32.82
Investing Cash Flow	-998.85	-69.68	-6.63	17.25	37.48
Short-Term Debt Issued	198.53	154.5	-	-	-
Total Debt Issued	198.53	154.5	-	-	-
Short-Term Debt Repaid	-154.5	-129.8	-	-	-
Total Debt Repaid	-154.5	-129.8	-	-	-
Net Debt Issued (Repaid)	44.03	24.7	-	-	-
Common Dividends Paid	-100.39	-63.56	-49.7	-8.28	-13.81
Other Financing Activities	-0.75	-0.03	-0.02	-	-0.06
Financing Cash Flow	-57.11	-38.89	-49.72	-8.28	-13.87
Foreign Exchange Rate Adjustments	3.32	-	-	-	-
Net Cash Flow	-343.33	235.32	404.83	296.93	204.35
Free Cash Flow	692.73	238.78	431.25	251.71	131.84
Free Cash Flow Growth	190.11%	-44.63%	71.33%	90.92%	-30.82%
Free Cash Flow Margin	11.32%	5.72%	11.46%	7.29%	3.86%
Free Cash Flow Per Share	1.50	0.51	0.93	0.54	0.28
Cash Interest Paid	0.59	-	-	-	-
Cash Income Tax Paid	118.47	41.69	112.95	102.73	161.34
Levered Free Cash Flow	516.29	534.44	323.9	85.58	145.2
Unlevered Free Cash Flow	519.45	537	323.9	85.58	145.2
Change in Working Capital	362.01	96.05	212.66	30.47	-35.69

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