Zhejiang Bofay Electric Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	9.69	13.24	32.99	69.3	76.01
Depreciation & Amortization	39.9	23.96	15.2	11.29	11.26
Other Amortization	0.44	0.36	0.04	0.04	0.04
Loss (Gain) From Sale of Assets	0.96	-0.03	-0.04	-0.04	-1.12
Asset Writedown & Restructuring Costs	11.01	-	5.02	-	-
Loss (Gain) From Sale of Investments	-23.46	-0.14	-0.33	-0.48	-0.28
Provision & Write-off of Bad Debts	-	2.85	-1.02	-0.98	4.54
Other Operating Activities	7.04	3.52	1.07	7.02	10.45
Change in Accounts Receivable	-41.69	-59.3	49.58	-112.24	-61.41
Change in Inventory	-18.31	-10.25	-11.63	-5.49	-11.68
Change in Accounts Payable	34.69	60.5	-64.83	0.86	20.4
Change in Other Net Operating Assets	18.16	-	0.84	0.24	0.24
Operating Cash Flow	33.36	32.72	25.96	-26.66	47.35
Operating Cash Flow Growth	1.97%	26.04%	-	-	-72.04%
Capital Expenditures	-145.07	-170.79	-116.08	-33.58	-53.97
Sale of Property, Plant & Equipment	1.33	0.02	0.47	-	1.36
Divestitures	18.75	-	-	-	-
Investment in Securities	-80.93	-37.3	0.33	-0.56	0.28
Other Investing Activities	74.69	-2.09	0.22	-9.88	-
Investing Cash Flow	-131.23	-210.16	-115.07	-44.02	-52.32
Long-Term Debt Issued	202.75	207.47	11	114.29	96
Long-Term Debt Repaid	-189.3	-17.53	-17.72	-195.5	-82.37
Net Debt Issued (Repaid)	13.45	189.93	-6.72	-81.21	13.63
Issuance of Common Stock	183.33	-	-	362.6	-
Repurchase of Common Stock	-	-29.62	-	-	-
Common Dividends Paid	-10.55	-8.98	-21.22	-5.43	-4.18
Other Financing Activities	-19.9	-	-28.6	-26.56	-4.69
Financing Cash Flow	166.34	151.33	-56.53	249.4	4.75
Foreign Exchange Rate Adjustments	-0	-0	-0	-	-0
Net Cash Flow	68.47	-26.11	-145.65	178.72	-0.22
Free Cash Flow	-111.71	-138.07	-90.13	-60.24	-6.62
Free Cash Flow Margin	-24.98%	-40.48%	-28.92%	-17.04%	-1.74%
Free Cash Flow Per Share	-1.38	-1.77	-1.12	-0.93	-0.11
Cash Income Tax Paid	19.07	6.66	34.48	16.14	26.06
Levered Free Cash Flow	-124.95	-79.23	-66.02	-70.14	-3.34
Unlevered Free Cash Flow	-124.95	-78.26	-65.66	-67.8	-0.81
Change in Working Capital	-12.21	-9.07	-26.05	-115.49	-53.78

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