Beijing Orient EcoEnergy 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	Jan '22 Jan 1, 2022
Net Income	-75.87	-3,603	-5,083	-5,816	-1,158
Depreciation & Amortization	43.77	166.37	159.31	162.61	170.02
Other Amortization	3.52	8.57	8.27	9.11	7.7
Loss (Gain) From Sale of Assets	0.04	-0.17	-4.87	-2.09	-5.83
Asset Writedown & Restructuring Costs	17.71	62.33	312.54	1,136	197.93
Loss (Gain) From Sale of Investments	-3.51	-1,304	9.24	-14.26	1.17
Provision & Write-off of Bad Debts	-	2,249	1,157	2,131	795.77
Other Operating Activities	50.76	738.71	888.98	732.98	836.58
Change in Accounts Receivable	-116.8	2,981	3,385	1,183	500.74
Change in Inventory	7.11	378.82	72.8	6.37	-131.35
Change in Accounts Payable	166.09	-1,774	-1,411	-194.75	-250.67
Operating Cash Flow	91.49	-103.51	-251.72	-271.9	754.54
Capital Expenditures	-6.72	-67.96	-204.08	-377.04	-871.36
Sale of Property, Plant & Equipment	0.1	0.78	4	19.6	62.67
Cash Acquisitions	-0.25	-	-	-9	-58.08
Divestitures	-	-	0.28	10.96	19.44
Investment in Securities	-5.97	49.81	61.23	71.42	-289.96
Other Investing Activities	-33.87	-104.29	-3.96	2.41	4.71
Investing Cash Flow	-46.72	-121.67	-142.53	-281.66	-1,133
Short-Term Debt Issued	-	86.23	6,792	3,245	986.88
Long-Term Debt Issued	11.37	1,123	2,614	3,413	7,251
Total Debt Issued	11.37	1,210	9,406	6,658	8,238
Short-Term Debt Repaid	-	-681.27	-221.25	-943.04	-109.57
Long-Term Debt Repaid	-8.4	-411.89	-8,559	-4,978	-6,935
Total Debt Repaid	-8.4	-1,093	-8,780	-5,921	-7,045
Net Debt Issued (Repaid)	2.97	116.57	625.21	736.45	1,193
Issuance of Common Stock	959.08	125	-	-	-
Common Dividends Paid	-0.16	-166.99	-439.61	-724.38	-892.8
Other Financing Activities	-54.35	6.39	-18.7	46.52	-174.27
Financing Cash Flow	907.53	80.98	166.9	58.59	125.9
Foreign Exchange Rate Adjustments	-	-0	-	-	-
Net Cash Flow	952.31	-144.21	-227.36	-494.96	-252.14
Free Cash Flow	84.78	-171.48	-455.81	-648.95	-116.82
Free Cash Flow Margin	24.75%	-19.55%	-80.08%	-19.04%	-1.11%
Free Cash Flow Per Share	0.01	-0.04	-0.10	-0.24	-0.04
Cash Income Tax Paid	16.25	112.58	217.74	586.48	1,051
Levered Free Cash Flow	26.76	501.76	438.06	-155.09	-303.46
Unlevered Free Cash Flow	26.76	1,054	1,027	399.16	209.33
Change in Working Capital	55.08	1,580	2,301	1,389	-90.42

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