CEVIA Enviro 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	1,326	1,141	1,075	1,056	968.21
Depreciation & Amortization	1,174	1,038	1,010	878.36	590.2
Other Amortization	37.91	29.63	22.06	22.89	22.83
Loss (Gain) From Sale of Assets	0.3	-	-	-0.08	-
Asset Writedown & Restructuring Costs	22.14	0.96	15.64	7.27	8.7
Loss (Gain) From Sale of Investments	-182.85	-40.94	-45.57	-67.47	-59.02
Provision & Write-off of Bad Debts	-	76.47	74.09	22.71	4.23
Other Operating Activities	605.97	706.93	659.76	644.72	326.15
Change in Accounts Receivable	-1,148	-1,315	-1,184	-1,027	-711.17
Change in Inventory	-32.01	-25.87	-13.24	-28.2	-23.47
Change in Accounts Payable	231.05	-535.01	-84.92	144.09	111.85
Change in Other Net Operating Assets	-	-	18.7	13.69	20.69
Operating Cash Flow	2,082	1,077	1,502	1,645	1,273
Operating Cash Flow Growth	93.21%	-28.28%	-8.69%	29.23%	32.77%
Capital Expenditures	-1,143	-1,138	-2,717	-2,592	-4,275
Sale of Property, Plant & Equipment	-	1.35	0.21	0.2	-
Cash Acquisitions	-355.89	-19.92	-	-448.03	-796.2
Divestitures	74.14	-	-	-	82.74
Investment in Securities	152.05	24.82	-23.97	612.38	-1,222
Other Investing Activities	7.88	23.6	-2.44	45.12	59.67
Investing Cash Flow	-1,264	-1,108	-2,744	-2,382	-6,152
Long-Term Debt Issued	4,533	3,836	6,887	6,566	7,465
Long-Term Debt Repaid	-3,939	-3,409	-5,031	-5,006	-2,856
Net Debt Issued (Repaid)	593.58	427.72	1,857	1,560	4,609
Common Dividends Paid	-735.47	-711.92	-690.52	-638.75	-437.2
Other Financing Activities	-508.56	-19.74	-12.29	-84.79	86.09
Financing Cash Flow	-650.45	-303.94	1,154	836.21	4,257
Net Cash Flow	166.74	-334.71	-87.47	99.16	-621.22
Free Cash Flow	939.01	-60.62	-1,215	-946.72	-3,002
Free Cash Flow Margin	14.31%	-0.92%	-18.63%	-14.89%	-53.17%
Free Cash Flow Per Share	1.46	-0.09	-1.89	-1.48	-4.68
Cash Interest Paid	-	-	5.31	-	-
Cash Income Tax Paid	653.03	562.04	571.4	496.7	513.52
Levered Free Cash Flow	1,018	-650.53	-1,709	-1,368	-3,250
Unlevered Free Cash Flow	1,018	-279.7	-1,344	-1,000	-3,058
Change in Working Capital	-902.01	-1,875	-1,309	-919.47	-588.33

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