HBIS Resources Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	526.24	566.16	912.47	666.3	1,301	971.15
Depreciation & Amortization	204.28	204.28	172.62	175.66	193.23	139.23
Asset Writedown & Restructuring Costs	0.15	0.15	2.68	-0.79	-0.81	0.87
Loss (Gain) From Sale of Investments	61.33	61.33	-78.42	-46.46	-100.78	-21.64
Provision & Write-off of Bad Debts	27.59	27.59	6.39	10.39	15.07	33.26
Other Operating Activities	-75.51	247.48	357.55	304.91	729.52	558.93
Change in Accounts Receivable	370.07	370.07	-300.46	-305.47	793.05	-154.74
Change in Inventory	-235.03	-235.03	153.52	-205.08	-15.7	331.11
Change in Accounts Payable	-204.37	-204.37	203.97	57.21	-14.16	264.72
Operating Cash Flow	768.63	1,132	1,545	772.27	2,877	2,413
Operating Cash Flow Growth	-51.50%	-26.77%	100.08%	-73.16%	19.27%	156.09%
Capital Expenditures	-1,253	-1,412	-893.64	-905.38	-729.24	-731.92
Sale of Property, Plant & Equipment	-	-	3.27	0.82	1.27	0.87
Other Investing Activities	0.17	0.17	-	-	0.4	2.58
Investing Cash Flow	-1,253	-1,412	-890.37	-904.55	-727.57	-728.47
Long-Term Debt Issued	-	-	-	-	-	255
Long-Term Debt Repaid	-	-1.96	-2.32	-1.07	-329.69	-321.78
Net Debt Issued (Repaid)	595.11	-1.96	-2.32	-1.07	-329.69	-66.78
Common Dividends Paid	-326.36	-391.64	-195.82	-195.66	-70.79	-167.87
Other Financing Activities	-74.96	-71.44	-78.69	-97.64	-177.02	-8.2
Financing Cash Flow	193.79	-465.04	-276.82	-294.37	-577.51	-242.85
Foreign Exchange Rate Adjustments	113.97	120.71	-264.73	322.44	-349.42	-293.47
Net Cash Flow	-176.39	-624.49	113.19	-104.21	1,223	1,148
Free Cash Flow	-484.31	-280.33	651.47	-133.11	2,148	1,681
Free Cash Flow Growth	-	-	-	-	27.81%	2059.84%
Free Cash Flow Margin	-9.25%	-5.02%	11.10%	-2.63%	32.71%	28.32%
Free Cash Flow Per Share	-0.74	-0.43	1.00	-0.20	3.29	2.58
Cash Income Tax Paid	145.5	207.09	227.28	412.51	502.05	180.18
Levered Free Cash Flow	-1,149	-658.08	297.98	-540.65	1,693	906.02
Unlevered Free Cash Flow	-1,149	-657.99	298.07	-540.65	1,699	917.19
Change in Working Capital	24.56	24.56	171.83	-337.74	739.89	730.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.