Jiangxi Hengda Hi-Tech Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-22.65	-26.75	-10.62	-40.6	-62.41	18.38
Depreciation & Amortization	36.36	36.36	35.84	37.03	28.96	28.07
Other Amortization	0.13	0.13	0.72	0.31	0.39	0.34
Loss (Gain) From Sale of Assets	0.37	0.37	-28.03	-12.51	-0.31	0.12
Asset Writedown & Restructuring Costs	1.33	1.33	0.71	0.11	17.57	0
Loss (Gain) From Sale of Investments	-5.28	-5.28	-1.19	-1.74	7.3	-3.31
Provision & Write-off of Bad Debts	-	-	1.3	11.77	1.72	-2.92
Other Operating Activities	1.23	-2.83	6.13	11.41	20.16	4.85
Change in Accounts Receivable	-6.86	-6.86	14.78	25.81	23.06	-50.43
Change in Inventory	-33.39	-33.39	23.61	-2.75	22.69	3.1
Change in Accounts Payable	-2.83	-2.83	-70.72	49.71	-87.86	-5.44
Operating Cash Flow	-16.96	-25.12	-23.1	79.04	-29.74	-8.32
Capital Expenditures	-13.62	-13.97	-9.31	-25.08	-73.04	-44.14
Sale of Property, Plant & Equipment	2.38	2.39	30.21	15.37	0.05	0.04
Divestitures	0.77	0.77	-	-	-	-
Investment in Securities	20.07	-13.62	36.77	1.77	59.31	-51.82
Other Investing Activities	3.95	0.88	3.34	2.22	2.78	3.63
Investing Cash Flow	13.54	-23.56	61	-5.72	-10.91	-92.28
Long-Term Debt Issued	-	137.39	101	126.85	123.76	144.77
Total Debt Issued	149.39	137.39	101	126.85	123.76	144.77
Long-Term Debt Repaid	-	-81.72	-151.28	-150.78	-117.04	-61.93
Total Debt Repaid	-86.72	-81.72	-151.28	-150.78	-117.04	-61.93
Net Debt Issued (Repaid)	62.67	55.67	-50.28	-23.93	6.72	82.84
Common Dividends Paid	-3.86	-3.58	-4.1	-6.54	-9.03	-5.61
Other Financing Activities	-3.54	-3.42	0.34	-	-	-8.43
Financing Cash Flow	55.27	48.66	-54.04	-30.47	-2.31	68.8
Net Cash Flow	51.85	-0.02	-16.14	42.85	-42.95	-31.79
Free Cash Flow	-30.58	-39.1	-32.42	53.96	-102.78	-52.45
Free Cash Flow Margin	-6.41%	-10.35%	-7.36%	13.35%	-27.49%	-9.93%
Free Cash Flow Per Share	-0.10	-0.13	-0.11	0.18	-0.34	-0.17
Cash Income Tax Paid	16.4	16.65	16.7	7.18	4.61	19.15
Levered Free Cash Flow	-8.55	-	-18.91	53.49	-46.52	-58.33
Unlevered Free Cash Flow	-8.55	-	-16.68	57.84	-43.25	-56.18
Change in Working Capital	-28.44	-28.44	-27.98	73.28	-43.13	-53.43

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