Kingfore Energy Group 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	137.13	134.41	48.69	12.22	96.13	129.42
Depreciation & Amortization	97.84	97.84	79.75	71.14	75.63	70.07
Other Amortization	14.07	14.07	13.54	12.49	11.63	9.96
Loss (Gain) on Sale of Assets	1.24	1.24	-1.69	-0.48	0.37	-1.24
Loss (Gain) on Sale of Investments	-5.66	-5.66	47.27	106.1	-11.59	-3.05
Asset Writedown	1.13	1.13	13.3	0.19	16.44	7.9
Change in Accounts Receivable	-49.79	-49.79	-123.35	-39.77	-51.08	-42.7
Change in Inventory	0.68	0.68	-20.82	3.14	-0.93	-4.65
Change in Accounts Payable	101.13	101.13	139.9	30.06	4.27	16.77
Other Operating Activities	30.96	-8.15	5.02	6.93	6.21	5.47
Operating Cash Flow	383.1	341.28	233.38	200.65	156.53	193.71
Operating Cash Flow Growth	94.50%	46.23%	16.31%	28.18%	-19.19%	7.43%
Capital Expenditures	-184.3	-187.95	-205.29	-105.75	-114.43	-105.1
Sale of Property, Plant & Equipment	9.6	10.5	9.86	5.13	0.03	0.05
Cash Acquisitions	-4.3	-4.86	-11.71	-18.63	-22.58	-
Investment in Securities	411.51	411.51	675.98	1,048	1,085	420
Other Investing Activities	204.02	3.48	-6.24	14.4	9.88	4.94
Investing Cash Flow	-43.47	-247.32	-192.4	-6.85	-247.09	-290.11
Long-Term Debt Issued	-	96.23	-	18.65	19.8	0.9
Total Debt Issued	41.79	96.23	-	18.65	19.8	0.9
Long-Term Debt Repaid	-	-46.44	-0.88	-48.93	-39.95	-15.64
Net Debt Issued (Repaid)	-4.65	49.79	-0.88	-30.28	-20.15	-14.74
Issuance of Common Stock	-	-	-	-	-	590.58
Common Dividends Paid	-46.87	-47.06	-18.51	-50.45	-50.48	-0.25
Other Financing Activities	4.85	4.85	15.49	-29.68	-0.05	-25.98
Financing Cash Flow	-46.67	7.58	-3.91	-110.41	-70.67	549.61
Net Cash Flow	292.97	101.54	37.07	83.4	-161.23	453.21
Free Cash Flow	198.8	153.33	28.09	94.9	42.11	88.61
Free Cash Flow Growth	-	445.84%	-70.40%	125.37%	-52.48%	-19.64%
Free Cash Flow Margin	16.53%	12.79%	2.62%	9.81%	4.83%	11.21%
Free Cash Flow Per Share	1.27	0.98	0.18	0.58	0.27	0.66
Cash Income Tax Paid	34.83	31.51	31.27	21.75	-10.6	20.8
Levered Free Cash Flow	179.61	157.9	7.9	26.41	17.8	59.56
Unlevered Free Cash Flow	180.53	158.82	7.97	26.98	18.15	59.71
Change in Working Capital	46.83	46.83	-9.07	-24.49	-38.3	-24.83

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