Wuhu Sanlian Forging 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	Dec '21 Dec 31, 2021
Net Income	109.76	146.3	125.43	94.9	76.64
Depreciation & Amortization	109.89	84.94	68.54	60.2	47.71
Other Amortization	0.68	0.12	0.12	0.12	1.05
Loss (Gain) From Sale of Assets	1.31	0.39	0.06	-1.42	-0.86
Asset Writedown & Restructuring Costs	0.88	1.01	2.58	0.15	0.57
Loss (Gain) From Sale of Investments	-3.43	-5.63	-4.25	-0	-0
Provision & Write-off of Bad Debts	0.21	8.16	6.91	5	1
Other Operating Activities	16.39	10.89	14.95	21.83	18
Change in Accounts Receivable	-173.8	-321.46	-159.26	-105.58	5.12
Change in Inventory	-69.55	-106.98	-18.79	-34.52	-114.42
Change in Accounts Payable	46.22	62.29	58.65	62.97	2.3
Change in Other Net Operating Assets	5.55	3.15	3.76	0.96	0.93
Operating Cash Flow	44.67	-108.13	106.77	104.05	39.06
Operating Cash Flow Growth	-	-	2.62%	166.36%	-2.49%
Capital Expenditures	-294.66	-310.72	-152.83	-78.52	-75.4
Sale of Property, Plant & Equipment	2.32	1.18	1.74	0.73	1.91
Investment in Securities	17	116	-240	-	-
Other Investing Activities	0.87	3.66	2.09	0	0
Investing Cash Flow	-274.47	-189.88	-389	-77.79	-73.49
Short-Term Debt Issued	611.83	316	48.98	-	-
Long-Term Debt Issued	-	-	-	379.98	277.46
Total Debt Issued	611.83	316	48.98	379.98	277.46
Short-Term Debt Repaid	-306	-44	-308.04	-	-
Long-Term Debt Repaid	-2.41	-7.61	-18.27	-365.94	-224.92
Total Debt Repaid	-308.41	-51.61	-326.32	-365.94	-224.92
Net Debt Issued (Repaid)	303.42	264.39	-277.34	14.04	52.54
Issuance of Common Stock	-	-	696.57	-	-
Common Dividends Paid	-33.05	-54.98	-5.34	-11.62	-8.57
Other Financing Activities	-22.66	-7.29	-11.27	-25.63	-2.1
Financing Cash Flow	247.71	202.12	402.62	-23.21	41.87
Foreign Exchange Rate Adjustments	2.41	2.27	1.35	0.02	0.56
Net Cash Flow	20.31	-93.62	121.75	3.07	8.01
Free Cash Flow	-250	-418.85	-46.06	25.52	-36.34
Free Cash Flow Margin	-15.23%	-26.81%	-3.73%	2.43%	-3.91%
Free Cash Flow Per Share	-1.12	-1.89	-0.22	0.15	-0.22
Cash Income Tax Paid	-22.96	-35.77	-3.36	4.22	-0.53
Levered Free Cash Flow	-123.57	-297.91	-139.63	-35.05	-30.19
Unlevered Free Cash Flow	-119.24	-296.65	-136.35	-27.88	-24.03
Change in Working Capital	-191.02	-354.31	-107.57	-76.74	-105.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.