Jiangsu Guoxin Corp. 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	3,465	3,238	1,870	60.05	-332.64
Depreciation & Amortization	2,930	2,539	2,464	2,369	2,282
Other Amortization	16.21	1.94	1.94	1.94	4.79
Loss (Gain) on Sale of Assets	0.66	-3.42	-1.52	-0.12	0.29
Loss (Gain) on Sale of Investments	-2,308	-2,189	-2,190	-1,734	-2,045
Asset Writedown	100.07	155.27	588.83	-0.11	123.6
Change in Accounts Receivable	-239.41	249.93	-360.09	769.53	-886.23
Change in Inventory	25.18	-690.75	594.69	475.91	-2,003
Change in Accounts Payable	33.49	27.44	-1,249	1,534	964.82
Change in Other Net Operating Assets	-0.12	-277.01	-232.22	-122.18	-
Other Operating Activities	2,148	2,110	2,112	1,611	595.17
Operating Cash Flow	6,423	5,390	3,792	4,667	-1,690
Operating Cash Flow Growth	19.17%	42.13%	-18.75%	-	-
Capital Expenditures	-6,745	-6,622	-6,568	-3,554	-2,622
Sale of Property, Plant & Equipment	0.48	35.99	0.55	11.52	1.12
Cash Acquisitions	-	-	-1.89	-6.3	-
Investment in Securities	-79.85	395.87	-720.69	-1,936	1,370
Other Investing Activities	843.89	745.85	1,110	681.21	599.56
Investing Cash Flow	-5,980	-5,444	-6,181	-4,804	-651.72
Long-Term Debt Issued	15,345	14,565	23,311	20,599	20,484
Long-Term Debt Repaid	-17,486	-14,102	-17,178	-19,648	-12,751
Net Debt Issued (Repaid)	-2,141	463.61	6,133	950.82	7,733
Issuance of Common Stock	22.28	445.5	-	-	-
Common Dividends Paid	-1,317	-1,484	-1,574	-1,235	-1,773
Other Financing Activities	1,153	-477.88	267.42	300.66	-1,402
Financing Cash Flow	-2,283	-1,052	4,826	16.21	4,558
Foreign Exchange Rate Adjustments	-0.05	0.03	0.04	0.18	-0.05
Net Cash Flow	-1,840	-1,107	2,438	-120.47	2,216
Free Cash Flow	-321.66	-1,232	-2,776	1,113	-4,312
Free Cash Flow Margin	-0.91%	-3.34%	-8.03%	3.43%	-14.90%
Free Cash Flow Per Share	-0.09	-0.33	-0.73	0.37	-1.17
Cash Interest Paid	1.36	2.69	3.95	2.69	4.92
Cash Income Tax Paid	1,919	1,846	1,330	458.11	1,199
Levered Free Cash Flow	1,405	-1,039	-6,046	-2,068	-5,564
Unlevered Free Cash Flow	1,953	-400.3	-5,329	-1,257	-4,858
Change in Working Capital	89.73	-453.88	-1,102	2,330	-2,318

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