Hubei Energy Group 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	-	1,814	1,749	1,163	2,349
Depreciation & Amortization	-	3,115	2,620	2,220	2,446
Other Amortization	-	5.52	26.62	5.08	1.84
Loss (Gain) on Sale of Assets	-	9.77	21.83	9.38	-5.1
Loss (Gain) on Sale of Investments	-	216.7	-233.51	-409.2	-648.14
Asset Writedown	-	68.12	31.04	45.89	13.01
Change in Accounts Receivable	-	3,383	-1,801	756.77	-5,029
Change in Inventory	-	-348.88	-56.74	129.42	-373.97
Change in Accounts Payable	-	-3,469	-94.74	1,468	3,601
Change in Other Net Operating Assets	-	-	-	-40.91	-4.61
Other Operating Activities	-	1,504	1,022	698.79	823.24
Operating Cash Flow	-	6,432	3,266	6,202	3,200
Operating Cash Flow Growth	-	96.95%	-47.34%	93.84%	-40.58%
Capital Expenditures	-	-11,045	-9,593	-6,176	-3,409
Sale of Property, Plant & Equipment	-	5.89	8.68	9.68	7.48
Cash Acquisitions	-	-163.09	-476.76	-488.97	-868.23
Divestitures	-	30	15.34	-	-
Investment in Securities	-	1,377	-77	209.87	440.86
Other Investing Activities	-	143.25	153.54	237.46	160.7
Investing Cash Flow	-	-9,652	-9,969	-6,207	-3,669
Long-Term Debt Issued	-	21,681	20,305	16,034	19,291
Long-Term Debt Repaid	-	-16,286	-13,678	-13,612	-14,604
Net Debt Issued (Repaid)	-	5,394	6,628	2,422	4,688
Issuance of Common Stock	-	-	-	151.21	-
Repurchase of Common Stock	-	-44.83	-49.45	-397.68	-
Common Dividends Paid	-	-1,676	-1,406	-1,772	-1,559
Other Financing Activities	-	7.48	115.03	301.9	-1,523
Financing Cash Flow	-	3,681	5,287	706.14	1,606
Foreign Exchange Rate Adjustments	-	4.47	2.84	27.85	-8.71
Net Cash Flow	-	465.5	-1,413	728.76	1,128
Free Cash Flow	-	-4,613	-6,327	26.72	-209.67
Free Cash Flow Margin	-	-23.03%	-33.89%	0.13%	-0.93%
Free Cash Flow Per Share	-	-0.71	-0.98	0.00	-0.03
Cash Income Tax Paid	-	1,830	1,264	1,267	1,724
Levered Free Cash Flow	-	-4,678	-6,623	-1,206	-1,262
Unlevered Free Cash Flow	-	-4,043	-6,069	-672.94	-790.07
Change in Working Capital	-	-351.36	-2,029	2,374	-1,784

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