Emei Shan Tourism Co.,Ltd Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	132.26	131.95	234.64	227.62	-145.69	18.08
Depreciation & Amortization	116.87	116.87	134.68	150.23	154.68	166.92
Other Amortization	11.02	11.02	11.66	10.45	8.66	11.57
Loss (Gain) From Sale of Assets	4.45	4.45	-0.05	1.74	-2.33	0
Asset Writedown & Restructuring Costs	92.39	92.39	73.86	158.7	23.13	-0.13
Loss (Gain) From Sale of Investments	2.23	2.23	11.67	15.59	2.92	-4.17
Provision & Write-off of Bad Debts	-	-	0.37	1.54	-0.56	-0.69
Other Operating Activities	-42.72	-35.64	-62.42	-135.02	-51.75	-17.07
Change in Accounts Receivable	3.49	3.49	-23.67	-23.7	6.29	18.25
Change in Inventory	5.77	5.77	-3.04	3.71	-11.56	3.61
Change in Accounts Payable	22.55	22.55	-18.63	63.43	3.23	-6.58
Operating Cash Flow	347.89	354.65	358.63	473.94	-12.69	196.01
Operating Cash Flow Growth	-9.29%	-1.11%	-24.33%	-	-	-
Capital Expenditures	-57.56	-67.81	-112.39	-83.38	-118.26	-93.89
Sale of Property, Plant & Equipment	7.59	7.64	1.15	0.06	2.54	0.22
Investment in Securities	-	-	-	-	300	500
Other Investing Activities	14.66	24.19	12.01	22.01	26.82	-568.95
Investing Cash Flow	-35.31	-35.98	-99.22	-61.32	211.1	-162.62
Long-Term Debt Issued	-	-	-	37.29	88.76	60
Total Debt Issued	-	-	-	37.29	88.76	60
Long-Term Debt Repaid	-	-0.2	-5.56	-13.47	-209.4	-25.65
Total Debt Repaid	-0.2	-0.2	-5.56	-13.47	-209.4	-25.65
Net Debt Issued (Repaid)	-0.2	-0.2	-5.56	23.82	-120.64	34.35
Common Dividends Paid	-169.31	-159.84	-124.11	-21.24	-62.95	-41.61
Other Financing Activities	-2.37	-2.49	-29.26	28	-	-
Financing Cash Flow	-171.88	-162.52	-158.93	30.58	-183.59	-7.27
Foreign Exchange Rate Adjustments	-	-	-	-	0	0
Net Cash Flow	140.69	156.15	100.48	443.21	14.82	26.12
Free Cash Flow	290.33	286.84	246.24	390.56	-130.95	102.12
Free Cash Flow Growth	1.67%	16.49%	-36.95%	-	-	-
Free Cash Flow Margin	31.29%	30.73%	24.30%	37.39%	-30.38%	16.24%
Free Cash Flow Per Share	0.55	0.54	0.47	0.74	-0.25	0.19
Cash Income Tax Paid	88.43	90.09	116.81	92.24	3.26	24.98
Levered Free Cash Flow	553.23	559.08	194.82	255.58	-135.64	71.28
Unlevered Free Cash Flow	553.23	559.08	207.85	270.11	-118.45	90.38
Change in Working Capital	31.39	31.39	-45.78	43.09	-1.75	21.49

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