North Chemical Industries Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	206.61	-28.31	55.51	93.27	121.53	90.18
Depreciation & Amortization	119.28	119.28	115.27	103.86	104.54	95.32
Other Amortization	4.67	4.67	0.51	1.83	1.87	1.22
Loss (Gain) From Sale of Assets	-11.91	-11.91	1.44	2.55	-1.66	0.41
Asset Writedown & Restructuring Costs	2.64	2.64	1.93	0.02	45.14	5.78
Loss (Gain) From Sale of Investments	-5.89	-5.89	-9.4	-13.58	-20.77	-12.75
Provision & Write-off of Bad Debts	7.62	7.62	22.01	-3.49	1.46	-0.83
Other Operating Activities	52.65	16.64	6.04	-13.08	-3.06	20.02
Change in Accounts Receivable	-46.57	-46.57	-93.68	-172.2	91.28	4.32
Change in Inventory	76.67	76.67	3.56	84.32	9.88	32.52
Change in Accounts Payable	-34.21	-34.21	-209.65	22.41	-111.92	189.64
Operating Cash Flow	350.3	79.37	-114.89	109.02	234.31	421.77
Operating Cash Flow Growth	-	-	-	-53.47%	-44.45%	11.30%
Capital Expenditures	-127.19	-58	-47.29	-136.91	-172.52	-85.18
Sale of Property, Plant & Equipment	17.88	17.88	86.05	-	-	0.34
Divestitures	-	-	-	-	1.1	-
Investment in Securities	-250	-245	230	134	134	-38
Other Investing Activities	3.7	5.23	9.65	11	19.77	10.89
Investing Cash Flow	-355.61	-279.89	278.41	8.1	-17.65	-111.95
Long-Term Debt Issued	-	11.93	-	-	-	-
Total Debt Issued	40.81	11.93	-	-	-	-
Long-Term Debt Repaid	-	-9.47	-12.2	-13.55	-9.89	-
Total Debt Repaid	-9.47	-9.47	-12.2	-13.55	-9.89	-
Net Debt Issued (Repaid)	31.33	2.45	-12.2	-13.55	-9.89	-
Common Dividends Paid	-21.96	-27.45	-27.45	-24.71	-21.98	-30.23
Other Financing Activities	6.73	3.91	-2.52	-1.3	26.67	23.93
Financing Cash Flow	16.1	-21.09	-42.18	-39.55	-5.2	-6.29
Foreign Exchange Rate Adjustments	3.02	5.57	2.87	9.36	0.05	-2.08
Net Cash Flow	13.81	-216.04	124.21	86.93	211.5	301.45
Free Cash Flow	223.11	21.37	-162.18	-27.89	61.78	336.6
Free Cash Flow Growth	-	-	-	-	-81.64%	5.27%
Free Cash Flow Margin	8.99%	1.10%	-7.51%	-1.09%	2.35%	14.27%
Free Cash Flow Per Share	0.39	0.04	-0.29	-0.05	0.11	0.60
Cash Income Tax Paid	186.63	139.54	89.01	60.55	77.95	65.67
Levered Free Cash Flow	249.95	42.38	-177.89	-26.63	70.99	233.45
Unlevered Free Cash Flow	252.18	44.92	-175.64	-23.7	73.06	233.45
Change in Working Capital	-25.38	-25.38	-308.2	-62.37	-14.75	222.42

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.