Xiamen Port Development 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	205.73	199.69	231.78	246.21	239.48
Depreciation & Amortization	404.47	396.4	388.42	380.03	350.13
Other Amortization	17.26	15.38	14.39	12.96	14.77
Loss (Gain) From Sale of Assets	-19.59	-2.62	-20.01	-1.89	-1.65
Asset Writedown & Restructuring Costs	7.45	-0.11	0.83	-1.81	0.92
Loss (Gain) From Sale of Investments	-15.59	-134.82	-53.44	-26.52	-37.22
Provision & Write-off of Bad Debts	-1.31	41.78	-23.81	-5.99	17.39
Other Operating Activities	185.21	259.18	181.62	263.54	179.44
Change in Accounts Receivable	166.39	104.77	-352.99	-500.21	428.26
Change in Inventory	-394.79	497.02	-656.68	-462.99	-379.2
Change in Accounts Payable	70.99	14.89	521	333.47	74.71
Change in Other Net Operating Assets	-3.09	-1.08	-4.48	0.77	-0.04
Operating Cash Flow	597.09	1,408	239.45	218.17	859.89
Operating Cash Flow Growth	-57.60%	488.15%	9.75%	-74.63%	101.89%
Capital Expenditures	-349.68	-304.28	-579.16	-459.69	-437.24
Sale of Property, Plant & Equipment	39.49	5.39	44.59	4.09	3.4
Investment in Securities	766.38	-163.74	-525.97	-40.28	-13.28
Other Investing Activities	16.91	28.18	21.83	14.9	-2.1
Investing Cash Flow	473.11	-434.44	-1,039	-480.97	-449.23
Long-Term Debt Issued	4,993	3,864	4,615	3,424	4,539
Long-Term Debt Repaid	-5,063	-4,379	-3,816	-4,256	-4,423
Net Debt Issued (Repaid)	-70.65	-515.52	798.31	-831.58	116.55
Issuance of Common Stock	-	-	-	789.58	-
Common Dividends Paid	-151.6	-205.63	-119.83	-164.4	-139.29
Other Financing Activities	10.6	-23.48	4.59	-13.65	9.21
Financing Cash Flow	-211.65	-744.63	683.07	-220.05	-13.53
Foreign Exchange Rate Adjustments	-20.03	-40.32	1.15	-42.32	19.02
Net Cash Flow	838.52	188.93	-115.05	-525.17	416.14
Free Cash Flow	247.41	1,104	-339.71	-241.52	422.64
Free Cash Flow Growth	-77.59%	-	-	-	3652.61%
Free Cash Flow Margin	1.12%	4.98%	-1.48%	-1.10%	1.79%
Free Cash Flow Per Share	0.33	1.49	-0.46	-0.36	0.68
Cash Income Tax Paid	270.91	219.23	170.15	117.08	206.68
Levered Free Cash Flow	-62.53	930.43	-740.19	-2,078	406.25
Unlevered Free Cash Flow	-11.66	996.08	-684.85	-2,004	482.86
Change in Working Capital	-186.53	633.44	-480.33	-648.36	96.64

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