Jiangsu Shentong Valve 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	283.58	294.88	268.87	227.55	253.4
Depreciation & Amortization	276.28	268.24	171.22	121.19	84.01
Other Amortization	9.04	10.3	10	7.07	3.46
Loss (Gain) From Sale of Assets	0	-1.74	-1.52	-13.8	-0.94
Asset Writedown & Restructuring Costs	46.9	-	0.05	0.19	0.06
Loss (Gain) From Sale of Investments	-6.99	-7.68	-3.47	-14.32	-17.1
Provision & Write-off of Bad Debts	-	-3.36	12.36	17.93	6.35
Other Operating Activities	33.02	78.52	54.45	42.78	33.48
Change in Accounts Receivable	-239.74	-269.5	-139.62	-217.33	-37.41
Change in Inventory	-83.33	-71.82	8.13	-52.93	-85.02
Change in Accounts Payable	109.15	101.47	-196.82	108	-24.54
Change in Other Net Operating Assets	-	-0	-2.58	24.06	-12.51
Operating Cash Flow	420.38	397.8	185.29	246.84	198.59
Operating Cash Flow Growth	5.68%	114.70%	-24.94%	24.30%	32.05%
Capital Expenditures	-107.91	-265.08	-240.94	-722.03	-490.96
Sale of Property, Plant & Equipment	0.74	12.61	1.91	18.7	18.73
Cash Acquisitions	-	-	-	-	-65.2
Divestitures	-	4.15	-	4.2	1.69
Investment in Securities	98.64	-111.13	147.19	-173.41	141.03
Other Investing Activities	16.83	5.62	30.17	13.26	8.31
Investing Cash Flow	8.31	-353.82	-61.67	-859.27	-386.39
Long-Term Debt Issued	763.02	1,133	861.47	1,280	750
Long-Term Debt Repaid	-975.25	-1,103	-1,092	-736.26	-334.46
Net Debt Issued (Repaid)	-212.23	29.99	-230.32	543.3	415.54
Issuance of Common Stock	-	-	-	469.59	-
Common Dividends Paid	-107.13	-109.89	-62.41	-54.45	-39.17
Other Financing Activities	87.31	-98.28	0.02	-	-
Financing Cash Flow	-232.04	-178.18	-292.71	958.44	376.37
Foreign Exchange Rate Adjustments	-0.02	0	0.05	0.03	-0.04
Net Cash Flow	196.63	-134.2	-169.05	346.04	188.52
Free Cash Flow	312.47	132.72	-55.66	-475.19	-292.36
Free Cash Flow Growth	135.44%	-	-	-	-
Free Cash Flow Margin	14.67%	6.19%	-2.61%	-24.31%	-15.31%
Free Cash Flow Per Share	0.62	0.26	-0.11	-0.94	-0.60
Cash Income Tax Paid	124.71	141.67	147.19	129.39	107.62
Levered Free Cash Flow	449.69	-160.54	-184	-448	-161.2
Unlevered Free Cash Flow	449.69	-141.35	-165.17	-432.8	-154.34
Change in Working Capital	-221.46	-241.36	-326.67	-141.76	-164.12

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