Shandong Humon Smelting 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	637.65	551.86	515.73	499.11	454.82
Depreciation & Amortization	735.25	550.31	536.76	547.52	552.21
Other Amortization	0.54	0.19	0.19	0.19	6.64
Loss (Gain) From Sale of Assets	-2.14	-0.26	-8.23	0	0.64
Asset Writedown & Restructuring Costs	95.59	21.98	13.34	95.8	145.76
Loss (Gain) From Sale of Investments	-145.44	15.15	109.65	33.01	145.01
Provision & Write-off of Bad Debts	1.38	0.62	-0.46	12.17	8.41
Other Operating Activities	528.01	338.21	308.27	461.43	380.45
Change in Accounts Receivable	-105.75	-233.69	313.35	-321.81	-151.91
Change in Inventory	-8,990	-1,536	-456.76	-174.29	-200.61
Change in Accounts Payable	5,276	731.64	-297.22	416.68	-840.39
Change in Other Net Operating Assets	4.85	-	-	-	-
Operating Cash Flow	-2,005	411.58	1,032	1,564	473.59
Operating Cash Flow Growth	-	-60.12%	-34.02%	230.30%	144.74%
Capital Expenditures	-1,281	-2,270	-1,495	-405.69	-313.56
Sale of Property, Plant & Equipment	2.39	0.46	22.33	0.02	2.61
Investment in Securities	190.08	-	-	-	-314.67
Other Investing Activities	-1,271	-69.47	-46.65	-211.54	-519.1
Investing Cash Flow	-2,360	-2,339	-1,520	-617.21	-1,145
Long-Term Debt Issued	16,879	8,910	9,473	11,364	14,256
Total Debt Issued	16,879	8,910	9,473	11,364	14,256
Long-Term Debt Repaid	-11,775	-8,036	-7,495	-11,473	-12,338
Total Debt Repaid	-11,775	-8,036	-7,495	-11,473	-12,338
Net Debt Issued (Repaid)	5,104	874.57	1,978	-109.76	1,918
Common Dividends Paid	-492.19	-441.6	-266.79	-371.84	-426.34
Other Financing Activities	588.99	475.93	-308.13	-17.06	-
Financing Cash Flow	5,201	908.9	1,403	-498.66	1,492
Foreign Exchange Rate Adjustments	72.52	63.43	34.38	29.99	-13.48
Net Cash Flow	907.98	-955.25	949.99	478.4	807.21
Free Cash Flow	-3,286	-1,859	-463.35	1,159	160.03
Free Cash Flow Growth	-	-	-	623.99%	-
Free Cash Flow Margin	-2.92%	-2.45%	-0.71%	2.31%	0.39%
Free Cash Flow Per Share	-2.58	-1.41	-0.37	1.00	0.14
Cash Income Tax Paid	949.64	858.27	835.32	621.58	614.53
Levered Free Cash Flow	-4,405	-2,730	-727.07	1,025	-1,006
Unlevered Free Cash Flow	-4,146	-2,532	-537.53	1,266	-779.7
Change in Working Capital	-3,856	-1,066	-443.14	-84.96	-1,220

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