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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	674.18	567.22	566.16	912.47	666.3	1,301
Depreciation & Amortization	275.68	275.68	204.28	172.62	175.66	193.23
Asset Writedown & Restructuring Costs	-219.08	-	0.15	2.68	-0.79	-0.81
Loss (Gain) From Sale of Investments	-18.89	-238.92	61.33	-78.42	-46.46	-100.78
Provision & Write-off of Bad Debts	-	-2.83	27.59	6.39	10.39	15.07
Other Operating Activities	122.09	258.06	247.48	357.55	304.91	729.52
Change in Accounts Receivable	-101.03	-101.03	370.07	-300.46	-305.47	793.05
Change in Inventory	-70.69	-70.69	-235.03	153.52	-205.08	-15.7
Change in Accounts Payable	75.88	75.88	-204.37	203.97	57.21	-14.16
Operating Cash Flow	1,050	1,075	1,132	1,545	772.27	2,877
Operating Cash Flow Growth	193.57%	-4.99%	-26.77%	100.08%	-73.16%	19.27%
Capital Expenditures	-1,089	-1,214	-1,412	-893.64	-905.38	-729.24
Sale of Property, Plant & Equipment	-	-	-	3.27	0.82	1.27
Other Investing Activities	0.17	0.17	0.17	-	-	0.4
Investing Cash Flow	-1,088	-1,214	-1,412	-890.37	-904.55	-727.57
Long-Term Debt Issued	-	601.05	-	-	-	-
Long-Term Debt Repaid	-	-2.13	-1.96	-2.32	-1.07	-329.69
Net Debt Issued (Repaid)	298.66	598.92	-1.96	-2.32	-1.07	-329.69
Common Dividends Paid	-361.47	-361.47	-391.64	-195.82	-195.66	-70.79
Other Financing Activities	-15.89	-13.75	-71.44	-78.69	-97.64	-177.02
Financing Cash Flow	-78.69	223.7	-465.04	-276.82	-294.37	-577.51
Foreign Exchange Rate Adjustments	-101.37	40.6	120.71	-264.73	322.44	-349.42
Net Cash Flow	-218.54	125.6	-624.49	113.19	-104.21	1,223
Free Cash Flow	-38.65	-138.86	-280.33	651.47	-133.11	2,148
Free Cash Flow Growth	-	-	-	-	-	27.81%
Free Cash Flow Margin	-0.70%	-2.38%	-5.02%	11.10%	-2.63%	32.71%
Free Cash Flow Per Share	-0.06	-0.21	-0.43	1.00	-0.20	3.29
Cash Income Tax Paid	108.81	99.62	207.09	227.28	412.51	502.05
Levered Free Cash Flow	-117.73	-509.76	-658.08	297.98	-540.65	1,693
Unlevered Free Cash Flow	-117.73	-509.69	-657.99	298.07	-540.65	1,699
Change in Working Capital	215.87	215.87	24.56	171.83	-337.74	739.89

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