Tungkong 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	144.16	157.82	163.31	134.61	186.49
Depreciation & Amortization	67.34	68.71	75.24	74.98	73.44
Other Amortization	4.9	5.03	5.31	6.05	7.02
Loss (Gain) From Sale of Assets	0.97	-18.25	5.52	-0.18	0.67
Asset Writedown & Restructuring Costs	5.97	1.18	5.48	0.14	0.86
Loss (Gain) From Sale of Investments	-10.72	-15.82	-17.77	-15.85	-22.76
Provision & Write-off of Bad Debts	-0.31	1.2	0.17	3.48	-1.55
Other Operating Activities	0.24	5.65	0.91	3.91	4.54
Change in Accounts Receivable	31.4	-6.06	28.92	-63.09	-160.93
Change in Inventory	-7.31	37.89	-12.6	-19.39	-38.25
Change in Accounts Payable	-6.93	22.97	-50.83	35.56	143.05
Operating Cash Flow	228.33	260.87	202.34	160.4	191.82
Operating Cash Flow Growth	-12.47%	28.93%	26.15%	-16.38%	-26.57%
Capital Expenditures	-80.55	-55.15	-28.51	-43.95	-45.93
Sale of Property, Plant & Equipment	0.62	0.03	1.26	0.44	2.35
Divestitures	-	-	-1.05	-	-
Investment in Securities	6	-376	-40	116.7	83.3
Other Investing Activities	10.72	15.82	17.83	16.4	22.21
Investing Cash Flow	-63.22	-415.3	-50.47	89.59	61.94
Long-Term Debt Repaid	-16.46	-19.92	-21.35	-13.82	-12.53
Net Debt Issued (Repaid)	-16.46	-19.92	-21.35	-13.82	-12.53
Repurchase of Common Stock	-	-163.41	-	-	-
Common Dividends Paid	-109.98	-164.03	-119.95	-165.59	-218.27
Other Financing Activities	-10.66	-24.15	-30	0.97	24.92
Financing Cash Flow	-137.1	-371.52	-171.3	-178.44	-205.88
Foreign Exchange Rate Adjustments	0	0	0	-0	-0
Net Cash Flow	28.02	-525.95	-19.43	71.55	47.88
Free Cash Flow	147.78	205.71	173.83	116.44	145.9
Free Cash Flow Growth	-28.16%	18.34%	49.28%	-20.19%	-36.09%
Free Cash Flow Margin	12.46%	17.47%	14.48%	10.93%	12.15%
Free Cash Flow Per Share	0.28	0.39	0.32	0.21	0.27
Cash Income Tax Paid	84.14	76.64	99.31	85.19	79.24
Levered Free Cash Flow	88.2	130.3	119	91.67	67.72
Unlevered Free Cash Flow	88.88	131.96	120.31	92.76	68.44
Change in Working Capital	15.8	55.35	-35.83	-46.74	-56.89

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