Jiangxi Ganneng 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	1,063	714.05	489.6	10.65	-248.17
Depreciation & Amortization	720.12	612.17	553.7	345.9	264.07
Other Amortization	0.42	3.1	0.76	0.46	0.21
Loss (Gain) on Sale of Assets	0.1	-0.43	-0.01	-0.03	-
Loss (Gain) on Sale of Investments	-104.68	-56.46	-74.99	-64.72	-106.27
Asset Writedown	17.39	5.33	18.09	13.78	35.53
Change in Accounts Receivable	47.07	-250.24	-221.03	-432.18	424.6
Change in Inventory	-61.78	-58.82	36.68	-64.92	-187.39
Change in Accounts Payable	300.29	75.87	80.24	91.54	-28.12
Change in Other Net Operating Assets	-	-	-	-	-1.32
Other Operating Activities	203.22	192.83	209.93	123.78	92.73
Operating Cash Flow	2,182	1,237	1,094	25.09	243.96
Operating Cash Flow Growth	76.32%	13.11%	4258.64%	-89.71%	-51.95%
Capital Expenditures	-3,966	-3,703	-2,629	-1,524	-1,605
Sale of Property, Plant & Equipment	0.61	8.13	3.83	0.66	2.16
Cash Acquisitions	-	-75.3	-	-	-1.39
Investment in Securities	-294	-4.9	68.2	-	-45.9
Other Investing Activities	-	-	-	5.84	32.94
Investing Cash Flow	-4,260	-3,775	-2,557	-1,517	-1,617
Short-Term Debt Issued	-	-	-	-	600
Long-Term Debt Issued	4,249	6,326	4,129	3,566	4,235
Total Debt Issued	4,249	6,326	4,129	3,566	4,835
Short-Term Debt Repaid	-	-	-	-	-600
Long-Term Debt Repaid	-2,212	-3,661	-2,871	-1,986	-2,467
Total Debt Repaid	-2,212	-3,661	-2,871	-1,986	-3,067
Net Debt Issued (Repaid)	2,038	2,665	1,258	1,580	1,768
Issuance of Common Stock	-	-	60	-	-
Common Dividends Paid	-606.95	-398.87	-220.52	-120.47	-186.45
Other Financing Activities	841.13	22.7	83.5	19.5	16.53
Financing Cash Flow	2,272	2,289	1,181	1,479	1,598
Foreign Exchange Rate Adjustments	-	-	-	-0	-
Net Cash Flow	193.79	-248.97	-282.77	-12.82	224.84
Free Cash Flow	-1,785	-2,466	-1,535	-1,499	-1,361
Free Cash Flow Margin	-24.12%	-35.63%	-21.66%	-36.17%	-50.41%
Free Cash Flow Per Share	-1.83	-2.52	-1.57	-1.41	-1.37
Cash Income Tax Paid	332.87	333.69	145.08	-46.96	94.6
Levered Free Cash Flow	-2,351	-2,778	-2,140	-1,319	-1,127
Unlevered Free Cash Flow	-2,351	-2,655	-2,011	-1,243	-1,069
Change in Working Capital	282.3	-233.44	-103.38	-404.75	207.62

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