Sieyuan Electric Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,049	1,559	1,221	1,198
Depreciation & Amortization	229.53	193.22	135.07	100.29
Other Amortization	25.59	13.23	3.9	1.38
Loss (Gain) From Sale of Assets	-0.79	-0.75	-1.07	0.65
Asset Writedown & Restructuring Costs	108.62	116.55	1.85	20.79
Loss (Gain) From Sale of Investments	-62.12	-30.76	14.29	-21.24
Provision & Write-off of Bad Debts	137.57	87.46	106.41	42.08
Other Operating Activities	74.57	75.32	71.51	97.29
Change in Accounts Receivable	-1,854	-857.22	-1,235	-1,106
Change in Inventory	-640.46	-337.7	154.68	-695.54
Change in Accounts Payable	2,402	1,448	646.78	759.6
Change in Other Net Operating Assets	104.79	63.97	4.3	8.02
Operating Cash Flow	2,462	2,272	1,055	383.41
Operating Cash Flow Growth	8.38%	115.40%	175.13%	-53.10%
Capital Expenditures	-921.78	-732.73	-445.36	-539.74
Sale of Property, Plant & Equipment	2.35	4.6	2.21	10.82
Cash Acquisitions	-	-595.92	-	-
Investment in Securities	-838.56	550.21	-16.08	-35.6
Other Investing Activities	52.57	24.74	9.69	11.76
Investing Cash Flow	-1,705	-749.1	-449.54	-552.76
Short-Term Debt Issued	-	-	-	43.67
Long-Term Debt Issued	153.75	108.48	120.86	-
Total Debt Issued	153.75	108.48	120.86	43.67
Short-Term Debt Repaid	-	-	-	-52.91
Long-Term Debt Repaid	-111	-155.02	-65.37	-9.27
Total Debt Repaid	-111	-155.02	-65.37	-62.18
Net Debt Issued (Repaid)	42.75	-46.54	55.48	-18.51
Issuance of Common Stock	140.76	45.2	44.59	34.71
Common Dividends Paid	-314.95	-234.67	-155.81	-154.35
Other Financing Activities	-67.66	-375.78	-31.77	-32.85
Financing Cash Flow	-199.1	-611.79	-87.51	-171
Foreign Exchange Rate Adjustments	-8.05	-16.59	28.65	-6.32
Net Cash Flow	549.9	894.64	546.45	-346.67
Free Cash Flow	1,541	1,539	609.5	-156.33
Free Cash Flow Growth	0.08%	152.56%	-	-
Free Cash Flow Margin	9.97%	12.35%	5.78%	-1.80%
Free Cash Flow Per Share	1.99	1.99	0.79	-0.20
Cash Income Tax Paid	812.82	638.87	563.9	422.25
Levered Free Cash Flow	1,184	1,020	418.89	-545.62
Unlevered Free Cash Flow	1,189	1,024	422.04	-543.47
Change in Working Capital	-99.57	258.67	-497.61	-1,055

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