Anhui Huaertai Chemical 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	-61.06	-	87.74	158.28	219.77	415.59
Depreciation & Amortization	318.84	-	118.57	116.79	107.73	82.01
Other Amortization	40.15	-	34.84	34.88	47.78	32.26
Loss (Gain) From Sale of Assets	-	-	-	-0.03	2.07	-
Asset Writedown & Restructuring Costs	7.37	-	10.24	7.87	0.86	0.89
Loss (Gain) From Sale of Investments	-7.55	-	-5.15	-12.08	-23.31	-1.28
Provision & Write-off of Bad Debts	-	-	-0.37	-0.68	-0.23	1.32
Other Operating Activities	34.11	-	-1.98	-4.32	4.74	-1.3
Change in Accounts Receivable	-196.76	-	49.98	-423.64	-404.12	-185.9
Change in Inventory	-56.92	-	-12.17	24.45	-40.75	-52.91
Change in Accounts Payable	111.83	-	159.66	108.04	256.84	62.4
Operating Cash Flow	186.14	-	433.85	7.3	185.26	364.81
Operating Cash Flow Growth	-46.90%	-	5843.04%	-96.06%	-49.22%	242.22%
Capital Expenditures	-321.8	-	-580.82	-351.3	-292.31	-107.88
Sale of Property, Plant & Equipment	10.05	-	-	0.1	2.86	0.02
Cash Acquisitions	-	-	-	-35.83	-	-
Investment in Securities	110	-	54.82	370	14.82	-600
Other Investing Activities	4.24	-	7.33	19.25	21.99	2.24
Investing Cash Flow	-197.51	-	-518.67	2.21	-252.64	-705.62
Short-Term Debt Issued	-	-	215	0.76	-	20
Total Debt Issued	215	-	215	0.76	-	20
Short-Term Debt Repaid	-	-	-155	-	-	-50
Total Debt Repaid	-273	-	-155	-	-	-50
Net Debt Issued (Repaid)	-58	-	60	0.76	-	-30
Issuance of Common Stock	-	-	-	-	-	760.89
Common Dividends Paid	-34.95	-	-35.03	-33.19	-66.37	-34
Other Financing Activities	50.15	-	-20	73.51	-103.51	-
Financing Cash Flow	-42.8	-	4.97	41.08	-169.89	696.89
Foreign Exchange Rate Adjustments	-0.2	-	0.09	-	-	-
Net Cash Flow	-54.37	-	-79.77	50.59	-237.27	356.08
Free Cash Flow	-135.65	-	-146.97	-344	-107.05	256.93
Free Cash Flow Growth	-	-	-	-	-	162.18%
Free Cash Flow Margin	-6.40%	-	-8.96%	-19.20%	-5.09%	13.57%
Free Cash Flow Per Share	-0.41	-	-0.44	-1.04	-0.32	0.95
Cash Income Tax Paid	43.06	-	38.29	45.15	100.89	106.55
Levered Free Cash Flow	-289.51	-	-278.78	73.7	348.92	434.88
Unlevered Free Cash Flow	-288.32	-	-277.77	73.7	348.92	435.24
Change in Working Capital	-145.71	-	189.97	-293.4	-174.15	-164.68

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