Wuxi Chemical Equipment 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	272.21	227.3	255.16	165	230.5	229.29
Depreciation & Amortization	44.49	44.49	31.67	28.76	24.3	24.32
Other Amortization	0.59	0.59	-	-	-	-
Loss (Gain) From Sale of Assets	0	0	-0.02	-0.01	-0.01	-0
Asset Writedown & Restructuring Costs	0.39	0.39	1.6	0.22	0	2.28
Loss (Gain) From Sale of Investments	-9.6	-9.6	-5.87	-14.07	-1.09	-
Provision & Write-off of Bad Debts	17.95	17.95	72.31	4.79	19.65	6.68
Other Operating Activities	-100.11	21.36	-0.42	21.98	-17.12	6.18
Change in Accounts Receivable	36.9	36.9	-40.28	36.72	-394.11	-19.43
Change in Inventory	-148.96	-148.96	102.1	-261.45	-128.57	21.56
Change in Accounts Payable	91.86	91.86	-126.79	360.36	252.39	-107.76
Change in Other Net Operating Assets	23.89	23.89	8.12	3.1	2.38	1.67
Operating Cash Flow	232.35	308.9	287.13	340.86	-13.54	164.11
Operating Cash Flow Growth	-34.49%	7.58%	-15.76%	-	-	-27.60%
Capital Expenditures	-39.45	-44.08	-101.05	-146.75	-114.97	-46.36
Sale of Property, Plant & Equipment	0.1	0.07	0.11	0.06	0.09	0.1
Investment in Securities	89.99	98.9	-105	300	-499.44	-
Other Investing Activities	-493.62	4.36	5.72	14.28	-	-
Investing Cash Flow	-442.97	59.25	-200.21	167.59	-614.32	-46.26
Long-Term Debt Repaid	-	-	-	-	-0.21	-0.41
Total Debt Repaid	-	-	-	-	-0.21	-0.41
Net Debt Issued (Repaid)	-	-	-	-	-0.21	-0.41
Issuance of Common Stock	5.29	5.29	23.58	-	1,122	-
Common Dividends Paid	-88.15	-88.15	-109	-80	-200	-90
Other Financing Activities	-	-	-	-	-25.01	-0.47
Financing Cash Flow	-82.86	-82.86	-85.42	-80	896.99	-90.88
Foreign Exchange Rate Adjustments	-30.33	-9.6	4.04	4.3	18.84	-6.18
Net Cash Flow	-323.81	275.7	5.54	432.75	287.98	20.79
Free Cash Flow	192.9	264.83	186.09	194.11	-128.5	117.75
Free Cash Flow Growth	-25.43%	42.31%	-4.13%	-	-	-38.97%
Free Cash Flow Margin	14.38%	22.42%	12.13%	15.55%	-10.99%	11.63%
Free Cash Flow Per Share	1.25	1.71	1.22	1.29	-1.05	1.04
Cash Income Tax Paid	41.03	40.32	96.38	37.1	46.09	62.73
Levered Free Cash Flow	49.7	126.82	79.85	129.6	-111.68	59.32
Unlevered Free Cash Flow	49.7	126.82	79.85	129.6	-111.63	59.59
Change in Working Capital	6.41	6.41	-67.3	134.17	-269.77	-104.65

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