Shaanxi Energy Investment Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,928	3,009	2,556	2,474	403.88	744.06
Depreciation & Amortization	2,948	2,948	2,417	2,090	1,962	1,439
Other Amortization	27.55	27.55	1.71	1.49	2.9	4.62
Loss (Gain) on Sale of Assets	0	0	-2.35	-1.71	-10.98	-1.21
Loss (Gain) on Sale of Investments	-259.31	-259.31	-43.51	16.53	291.32	-7.15
Asset Writedown	19.62	19.62	21	25.68	41.08	13.81
Change in Accounts Receivable	-361.66	-361.66	-205.81	715.83	201.97	-595.95
Change in Inventory	-95.75	-95.75	-50.31	55.05	-206.2	-3.32
Change in Accounts Payable	502.89	502.89	-29.89	733.83	581.53	547.46
Change in Other Net Operating Assets	-92.58	-92.58	-	-	-	-
Other Operating Activities	2,768	2,462	2,409	2,773	2,134	1,345
Operating Cash Flow	8,462	8,236	7,133	8,903	5,178	3,456
Operating Cash Flow Growth	8.24%	15.46%	-19.88%	71.94%	49.81%	118.32%
Capital Expenditures	-6,043	-7,032	-4,600	-4,440	-4,131	-5,392
Sale of Property, Plant & Equipment	17.28	4.76	4.1	5.78	206.94	53.66
Cash Acquisitions	-	-35.6	-204.61	-	-	-58.06
Divestitures	-	-	2.78	-	-	-
Investment in Securities	43.1	43.1	-684.37	1.91	90.37	28.73
Other Investing Activities	201.3	-	28.89	17.28	23.48	3,218
Investing Cash Flow	-5,781	-7,020	-5,453	-4,415	-3,810	-2,150
Long-Term Debt Issued	-	7,245	6,984	9,478	10,125	17,105
Long-Term Debt Repaid	-	-7,002	-9,661	-11,987	-5,849	-14,537
Net Debt Issued (Repaid)	323.95	243.21	-2,677	-2,509	4,276	2,568
Issuance of Common Stock	-	-	6,894	-	-	-
Common Dividends Paid	-2,230	-2,101	-2,215	-1,499	-2,100	-981.87
Other Financing Activities	-1,211	-151.32	-1,576	-1,088	-2,291	-1,170
Financing Cash Flow	-3,117	-2,010	426.19	-5,097	-115.3	416.58
Net Cash Flow	-436.74	-793.58	2,107	-608.37	1,253	1,723
Free Cash Flow	2,418	1,204	2,534	4,463	1,048	-1,936
Free Cash Flow Growth	157.44%	-52.49%	-43.23%	326.07%	-	-
Free Cash Flow Margin	10.66%	5.20%	13.03%	22.00%	6.77%	-19.93%
Free Cash Flow Per Share	0.64	0.32	0.72	1.48	0.34	-0.65
Cash Income Tax Paid	3,392	3,399	2,969	2,497	2,234	1,068
Levered Free Cash Flow	1,465	-171.39	811.11	883.93	-1,653	-1,081
Unlevered Free Cash Flow	1,869	304.6	1,377	1,620	-945.16	-577.49
Change in Working Capital	0.79	0.79	-241.45	1,523	341.14	-103.87

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