Hunan Valin Wire & Cable 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	108.48	110.2	109.06	86.5	109.82	134.57
Depreciation & Amortization	47.95	47.95	49.87	50.13	35.06	23.52
Other Amortization	2.33	2.33	-	-	-	-
Loss (Gain) From Sale of Assets	-0.19	-0.19	-0.24	-0.41	-	-5.19
Asset Writedown & Restructuring Costs	0.06	0.06	-	-	-0.03	20.86
Loss (Gain) From Sale of Investments	-13.05	-13.05	-27.3	-11.57	-25.96	-1.19
Provision & Write-off of Bad Debts	3.72	3.72	31.51	17.62	21.78	-
Other Operating Activities	42.93	23.88	24.6	26.55	36.16	20.21
Change in Accounts Receivable	-100.94	-100.94	-561.86	-286.94	-683.52	-570.74
Change in Inventory	-152.72	-152.72	-54.97	-31.02	-76.17	-128.58
Change in Accounts Payable	500.47	500.47	698.62	410.74	641.13	218.45
Operating Cash Flow	436.04	418.7	261.47	257.81	55.27	-297.7
Operating Cash Flow Growth	71.19%	60.13%	1.42%	366.46%	-	-
Capital Expenditures	-106.14	-111.09	-91.56	-69.6	-	-39.11
Sale of Property, Plant & Equipment	0.21	0.48	0.76	0.44	0.22	5.63
Cash Acquisitions	-35.42	-35.42	-	-	-58.84	-
Investment in Securities	-784.89	-578.12	-50	-323.88	-280.28	-198.39
Other Investing Activities	44.72	44.72	4.97	4.23	-1	-
Investing Cash Flow	-881.53	-679.43	-135.83	-388.8	-339.9	-231.87
Long-Term Debt Issued	-	953.57	1,104	1,206	630	595
Long-Term Debt Repaid	-	-1,295	-1,195	-754.09	-664.97	-336.97
Net Debt Issued (Repaid)	-476.03	-341.33	-90.64	451.91	-34.97	258.03
Issuance of Common Stock	1,212	1,212	-	-	-	450.61
Common Dividends Paid	-61.07	-63.89	-51.03	-50.41	-37.62	-72.88
Other Financing Activities	0.57	-	-0.45	-300.98	288.8	-2.24
Financing Cash Flow	675.03	806.35	-142.12	100.52	216.21	633.52
Net Cash Flow	229.52	545.62	-16.49	-30.47	-68.43	103.95
Free Cash Flow	329.89	307.61	169.91	188.22	55.27	-336.81
Free Cash Flow Growth	145.92%	81.04%	-9.72%	240.54%	-	-
Free Cash Flow Margin	7.00%	6.83%	4.09%	5.42%	1.83%	-13.24%
Free Cash Flow Per Share	0.58	0.56	0.31	0.35	0.11	-0.73
Cash Interest Paid	-	-	-	-	1.61	-
Cash Income Tax Paid	38.74	49.64	53.8	71	88.17	67.26
Levered Free Cash Flow	69.27	426.09	255.69	-57.17	383.09	-280.48
Unlevered Free Cash Flow	80.95	437.77	272.16	-41.4	397.51	-267.98
Change in Working Capital	243.8	243.8	73.98	88.99	-121.57	-490.48

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