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 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	305.84	263.02	-28.31	55.51	93.27	121.53
Depreciation & Amortization	103.8	103.8	123.92	115.27	103.86	104.54
Other Amortization	4.41	4.41	0.03	0.51	1.83	1.87
Loss (Gain) From Sale of Assets	0.93	0.93	-11.91	1.44	2.55	-1.66
Asset Writedown & Restructuring Costs	6.99	6.99	2.64	1.93	0.02	45.14
Loss (Gain) From Sale of Investments	-5.87	-5.87	-5.89	-9.4	-13.58	-20.77
Provision & Write-off of Bad Debts	7.19	7.19	7.62	22.01	-3.49	1.46
Other Operating Activities	-80.05	12.48	16.64	6.04	-13.08	-3.06
Change in Accounts Receivable	-268.24	-268.24	-46.57	-93.68	-172.2	91.28
Change in Inventory	15.83	15.83	76.67	3.56	84.32	9.88
Change in Accounts Payable	212.79	212.79	-34.21	-209.65	22.41	-111.92
Operating Cash Flow	315.48	365.2	79.37	-114.89	109.02	234.31
Operating Cash Flow Growth	122.72%	360.10%	-	-	-53.47%	-44.45%
Capital Expenditures	-155.39	-144.84	-58	-47.29	-136.91	-172.52
Sale of Property, Plant & Equipment	0.18	0.17	17.88	86.05	-	-
Divestitures	-	-	-	-	-	1.1
Investment in Securities	245	245	-245	230	134	134
Other Investing Activities	5.73	5.73	5.23	9.65	11	19.77
Investing Cash Flow	95.52	106.06	-279.89	278.41	8.1	-17.65
Long-Term Debt Issued	-	55.21	11.93	-	-	-
Total Debt Issued	58.6	55.21	11.93	-	-	-
Long-Term Debt Repaid	-	-5.1	-9.47	-12.2	-13.55	-9.89
Total Debt Repaid	-5.1	-5.1	-9.47	-12.2	-13.55	-9.89
Net Debt Issued (Repaid)	53.5	50.11	2.45	-12.2	-13.55	-9.89
Common Dividends Paid	-25.4	-22.36	-27.45	-27.45	-24.71	-21.98
Other Financing Activities	5.68	6.16	3.91	-2.52	-1.3	26.67
Financing Cash Flow	33.78	33.92	-21.09	-42.18	-39.55	-5.2
Foreign Exchange Rate Adjustments	-15.87	-7.49	5.57	2.87	9.36	0.05
Net Cash Flow	428.92	497.69	-216.04	124.21	86.93	211.5
Free Cash Flow	160.09	220.36	21.37	-162.18	-27.89	61.78
Free Cash Flow Growth	117.17%	931.15%	-	-	-	-81.64%
Free Cash Flow Margin	5.66%	8.01%	1.10%	-7.51%	-1.09%	2.35%
Free Cash Flow Per Share	0.29	0.40	0.04	-0.29	-0.05	0.11
Cash Income Tax Paid	193.79	185.09	139.54	89.01	60.55	77.95
Levered Free Cash Flow	98.52	197.85	42.38	-177.89	-26.63	70.99
Unlevered Free Cash Flow	100.73	200.06	44.92	-175.64	-23.7	73.06
Change in Working Capital	-27.75	-27.75	-25.38	-308.2	-62.37	-14.75

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