Tianjin Motor Dies 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	60.8	95.25	83.62	80.18	-211.89
Depreciation & Amortization	132.46	122.63	83.99	91.35	106.74
Other Amortization	2.92	3.16	3.58	2.37	1.56
Loss (Gain) From Sale of Assets	-0.35	0.03	-5.2	-0.12	-3.64
Asset Writedown & Restructuring Costs	55.68	1.15	0.13	0.46	0.28
Loss (Gain) From Sale of Investments	-98.28	-115.08	-117.21	-60.13	54.03
Provision & Write-off of Bad Debts	-	0.46	1.18	0.27	1.29
Other Operating Activities	61.04	145.02	132.49	94.73	147.63
Change in Accounts Receivable	257.73	-40.47	-263.68	-186.32	126.7
Change in Inventory	-139.85	133.24	157.2	-303.94	-406.17
Change in Accounts Payable	-157.46	-222.6	-73.16	250.97	253.86
Change in Other Net Operating Assets	-	25.51	51.72	16.9	95.33
Operating Cash Flow	178.68	150.95	54.17	-9.56	164.14
Operating Cash Flow Growth	18.38%	178.64%	-	-	-16.91%
Capital Expenditures	-85.45	-111.33	-309.09	-162.4	-30.72
Sale of Property, Plant & Equipment	0.16	0.65	0.44	0.31	42.37
Investment in Securities	-2.85	12.24	22.39	-4.94	324.99
Other Investing Activities	50.15	4.65	30.12	49.67	45
Investing Cash Flow	-37.99	-93.79	-256.13	-117.36	381.64
Long-Term Debt Issued	749.88	1,112	1,011	879.72	805.25
Total Debt Issued	749.88	1,112	1,011	879.72	805.25
Long-Term Debt Repaid	-547.12	-1,123	-711.07	-629.94	-1,494
Total Debt Repaid	-547.12	-1,123	-711.07	-629.94	-1,494
Net Debt Issued (Repaid)	202.75	-11.28	300.13	249.79	-689.16
Repurchase of Common Stock	-	-	-	-	-18.16
Common Dividends Paid	-74.42	-74.43	-35.72	-20.78	-26.9
Other Financing Activities	120.13	0.9	-	-27.5	-
Financing Cash Flow	248.47	-84.81	264.4	201.5	-734.22
Foreign Exchange Rate Adjustments	1.63	3.62	4.15	4.43	-2.24
Net Cash Flow	390.8	-24.03	66.59	79.01	-190.67
Free Cash Flow	93.23	39.61	-254.91	-171.96	133.42
Free Cash Flow Growth	135.36%	-	-	-	-20.89%
Free Cash Flow Margin	3.91%	1.44%	-9.12%	-6.74%	7.10%
Free Cash Flow Per Share	0.09	0.04	-0.27	-0.19	0.14
Cash Income Tax Paid	86.45	84.85	43.9	80.45	65.26
Levered Free Cash Flow	179.73	-52.13	-473.84	-42.34	-598.79
Unlevered Free Cash Flow	179.73	-17.93	-436.54	-19.93	-571.24
Change in Working Capital	-35.58	-101.68	-128.41	-218.69	68.15

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