Yunnan 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 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	221.27	236.3	675.04	482.26	273.92	249.25
Depreciation & Amortization	571.41	571.41	506.08	375.51	337.27	299.69
Other Amortization	10.57	10.57	4.43	2.09	3.65	1.86
Loss (Gain) From Sale of Assets	-0.85	-0.85	-4.36	-0.13	-0.87	2.17
Asset Writedown & Restructuring Costs	-2.72	-2.72	21.24	17.02	39.09	4.06
Loss (Gain) From Sale of Investments	0.81	0.81	-22.38	-38.61	-33.47	-29.79
Provision & Write-off of Bad Debts	-2.77	-2.77	8.94	12.36	8.62	14.95
Other Operating Activities	175.25	150.15	96.1	56.03	103.16	121.36
Change in Accounts Receivable	626.3	626.3	-153.95	-201.29	-54.67	-211.76
Change in Inventory	105.89	105.89	-69.22	5.54	-9.54	-3.47
Change in Accounts Payable	-248.68	-248.68	166.29	220.99	175.29	103.81
Operating Cash Flow	1,471	1,461	1,244	929.11	841.78	542.44
Operating Cash Flow Growth	24.83%	17.44%	33.92%	10.37%	55.18%	-1.29%
Capital Expenditures	-2,774	-2,663	-1,696	-3,539	-2,043	-597.81
Sale of Property, Plant & Equipment	0.04	6.85	0.26	0.05	1.58	0.18
Cash Acquisitions	-	-	-	-183.41	-	-
Divestitures	-189.54	-189.54	1.93	1.05	-	-
Investment in Securities	610	-	-	0.1	-	-5
Other Investing Activities	32.79	34.68	35.56	33.24	32.8	22.38
Investing Cash Flow	-2,321	-2,811	-1,658	-3,688	-2,009	-580.24
Long-Term Debt Issued	-	2,016	2,445	5,513	3,086	880.56
Long-Term Debt Repaid	-	-1,119	-1,608	-3,048	-1,884	-914.1
Net Debt Issued (Repaid)	1,123	896.61	837.39	2,464	1,202	-33.54
Issuance of Common Stock	-	-	-	78.2	1,858	-
Common Dividends Paid	-461.22	-474.77	-383.23	-240.92	-170.45	-149.85
Other Financing Activities	16.72	8.4	9.4	-	-9.84	-13.4
Financing Cash Flow	678.32	430.24	463.56	2,302	2,880	-196.78
Net Cash Flow	-170.97	-919.29	49.89	-457.41	1,713	-234.59
Free Cash Flow	-1,303	-1,202	-451.42	-2,610	-1,201	-55.37
Free Cash Flow Margin	-59.54%	-48.16%	-13.07%	-89.87%	-44.87%	-2.36%
Free Cash Flow Per Share	-1.41	-1.30	-0.49	-2.83	-1.50	-0.07
Cash Income Tax Paid	170.04	187.01	221.42	207.1	112.46	157.67
Levered Free Cash Flow	-1,893	-2,003	-1,062	-2,452	-1,387	-712.6
Unlevered Free Cash Flow	-1,805	-1,904	-959.23	-2,374	-1,306	-649.87
Change in Working Capital	498.34	498.34	-40.81	22.57	110.41	-121.13

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