COSCO SHIPPING Technology 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	32.54	127.61	189.34	181.99	156.76
Depreciation & Amortization	26.87	23.85	20.93	21.61	19.72
Other Amortization	2.92	0.27	-	-	-
Loss (Gain) From Sale of Assets	-0.33	-0.08	1.06	0.05	-0.02
Asset Writedown & Restructuring Costs	-0.01	-	0	-	-
Loss (Gain) From Sale of Investments	-23.19	-21.18	-14.83	-22.37	-21.89
Provision & Write-off of Bad Debts	-1.9	2.95	-21.97	18.04	6.36
Other Operating Activities	4.45	4.33	3.09	2.57	2.74
Change in Accounts Receivable	-139.15	-86.76	-0.94	15.39	79.37
Change in Inventory	83.83	249.06	213.06	425.02	157.09
Change in Accounts Payable	111.09	-286.85	-203.29	-545.9	-217.28
Change in Other Net Operating Assets	3.69	-1.77	3.94	0.04	-1.23
Operating Cash Flow	80.33	11.24	185.37	95.44	182.12
Operating Cash Flow Growth	614.56%	-93.94%	94.23%	-47.59%	-24.40%
Capital Expenditures	-15.58	-13.08	-7.09	-11.01	-12.22
Sale of Property, Plant & Equipment	0	0.04	0.48	0.04	0.08
Cash Acquisitions	-	-2.29	-	-	-
Investment in Securities	10.33	-	-43.4	-	-43.92
Other Investing Activities	-988.86	13.25	7.36	9.13	3.94
Investing Cash Flow	-994.11	-2.09	-42.65	-1.84	-52.12
Long-Term Debt Repaid	-14.42	-9.23	-2.9	-3.62	-5.1
Total Debt Repaid	-14.42	-9.23	-2.9	-3.62	-5.1
Net Debt Issued (Repaid)	-14.42	-9.23	-2.9	-3.62	-5.1
Repurchase of Common Stock	-	-1.06	-	-0.89	-0.32
Common Dividends Paid	-48.46	-67.69	-48.19	-44.31	-30.33
Other Financing Activities	-	13.23	-	-	-
Financing Cash Flow	-62.88	-64.75	-51.09	-48.82	-35.75
Foreign Exchange Rate Adjustments	-0.03	-0.13	-0.02	-0.04	-0.08
Net Cash Flow	-976.69	-55.72	91.62	44.74	94.17
Free Cash Flow	64.75	-1.84	178.28	84.43	169.9
Free Cash Flow Growth	-	-	111.16%	-50.30%	-26.80%
Free Cash Flow Margin	3.59%	-0.10%	9.99%	4.82%	9.95%
Free Cash Flow Per Share	0.17	-0.01	0.48	0.23	0.46
Cash Income Tax Paid	48.81	43.76	38.84	74.93	56.09
Levered Free Cash Flow	101.06	-62.03	74.22	23.77	103.18
Unlevered Free Cash Flow	102.54	-60.42	75.81	25.35	104.84
Change in Working Capital	38.98	-126.51	7.75	-106.44	18.45

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