Huasi Holding Company 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	Dec '21 Dec 31, 2021
Net Income	20.54	22.22	-13	-316.04	17.42
Depreciation & Amortization	36.01	35.37	31.78	41.33	65.77
Other Amortization	5.38	2.8	1.38	1.71	1.69
Loss (Gain) From Sale of Assets	0.2	0	0.08	0.37	0.33
Asset Writedown & Restructuring Costs	7.13	0.32	2.51	66.05	-
Loss (Gain) From Sale of Investments	4.99	-	1.2	-0.21	-1.42
Provision & Write-off of Bad Debts	-0.51	-1.02	4.78	24.96	-10.46
Other Operating Activities	1.12	-12.2	16	68.58	4.35
Change in Accounts Receivable	18.83	11.59	3.49	-9.94	89.15
Change in Inventory	57.13	-56.98	-1.34	194.73	-115.16
Change in Accounts Payable	3.75	26.93	-39.7	-37.8	-72.44
Operating Cash Flow	158.04	39.66	10.02	42.06	-17.02
Operating Cash Flow Growth	298.53%	295.91%	-76.19%	-	-
Capital Expenditures	-5.14	-35.41	-68.32	-69.14	-69.35
Sale of Property, Plant & Equipment	0.04	-	1.33	0.47	0.11
Investment in Securities	74.61	-6	9.8	-89	34.5
Other Investing Activities	-	-	-	0.21	1.43
Investing Cash Flow	69.52	-41.41	-57.19	-157.46	-33.31
Short-Term Debt Issued	-	-	-	144.98	-
Long-Term Debt Issued	140	310	307	-	-
Total Debt Issued	140	310	307	144.98	-
Short-Term Debt Repaid	-	-	-	-50	-89
Long-Term Debt Repaid	-321.24	-275.95	-264.32	-0.47	-
Total Debt Repaid	-321.24	-275.95	-264.32	-50.47	-89
Net Debt Issued (Repaid)	-181.24	34.05	42.68	94.51	-89
Repurchase of Common Stock	-	-15	-	-	-
Common Dividends Paid	-4.87	-6.41	-5.01	-2.36	-4.72
Other Financing Activities	-0	-	-	-	-
Financing Cash Flow	-186.1	12.64	37.67	92.15	-93.72
Foreign Exchange Rate Adjustments	4.18	-1.51	0.11	0.72	-0.6
Net Cash Flow	45.63	9.37	-9.39	-22.52	-144.64
Free Cash Flow	152.9	4.25	-58.3	-27.07	-86.36
Free Cash Flow Growth	3499.30%	-	-	-	-
Free Cash Flow Margin	32.76%	0.85%	-14.42%	-8.51%	-20.81%
Free Cash Flow Per Share	0.41	0.01	-0.15	-0.07	-0.23
Cash Income Tax Paid	-0.13	-0.07	8.69	19.56	18.54
Levered Free Cash Flow	103.07	-143.57	-140.81	12.62	-215.43
Unlevered Free Cash Flow	106.33	-139.33	-136.99	15.06	-212.34
Change in Working Capital	83.18	-7.83	-34.72	155.31	-94.7

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