Chengdu Hongqi Chain 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	480.6	521.17	561.12	485.67	481.33
Depreciation & Amortization	702.27	783.81	787.46	797.15	699.74
Other Amortization	15.15	21.05	28.5	32.75	31.32
Loss (Gain) From Sale of Assets	2.06	0.54	-7.71	-1.25	-0.05
Asset Writedown & Restructuring Costs	0.18	0.26	-1.19	-0.01	3.88
Loss (Gain) From Sale of Investments	-165.5	-131.92	-153.86	-104.98	-141.93
Provision & Write-off of Bad Debts	0.01	6.71	2.74	0.07	0.01
Other Operating Activities	32.87	45.55	51.07	62.63	64.5
Change in Accounts Receivable	-2.69	-4.49	-44.28	8.51	63.09
Change in Inventory	181.72	-14.38	-128.25	-244.87	-374.96
Change in Accounts Payable	-92.27	-35.49	152.33	448.67	223.49
Operating Cash Flow	1,180	1,195	1,242	1,471	1,036
Operating Cash Flow Growth	-1.20%	-3.83%	-15.53%	41.91%	109.52%
Capital Expenditures	-10.76	-33.63	-71.49	-56.54	-127.53
Sale of Property, Plant & Equipment	0.35	0.47	20.42	4.02	7.45
Cash Acquisitions	-	-	-1.5	-	-
Divestitures	-	-	1.5	2	3.35
Investment in Securities	-	400	-190	90	-300
Other Investing Activities	45	54.51	6.58	8.04	8.91
Investing Cash Flow	34.59	421.34	-234.5	47.52	-407.82
Short-Term Debt Issued	-	-	-	-	1
Total Debt Issued	-	-	-	-	1
Short-Term Debt Repaid	-	-	-	-	-502.25
Long-Term Debt Repaid	-631.72	-680.6	-747.9	-672.15	-665.96
Total Debt Repaid	-631.72	-680.6	-747.9	-672.15	-1,168
Net Debt Issued (Repaid)	-631.72	-680.6	-747.9	-672.15	-1,167
Common Dividends Paid	-156.4	-168.64	-601.12	-19.04	-216.9
Other Financing Activities	-	-	0.7	-	-
Financing Cash Flow	-788.12	-849.24	-1,348	-691.19	-1,384
Net Cash Flow	426.86	766.81	-340.51	827.08	-755.54
Free Cash Flow	1,170	1,161	1,171	1,414	908.87
Free Cash Flow Growth	0.74%	-0.83%	-17.21%	55.60%	153.45%
Free Cash Flow Margin	12.24%	11.47%	11.55%	14.11%	9.72%
Free Cash Flow Per Share	0.85	0.85	0.85	1.05	0.66
Cash Income Tax Paid	527.07	445.85	426.87	383.54	367.57
Levered Free Cash Flow	1,086	979.14	1,001	1,260	914.45
Unlevered Free Cash Flow	1,107	1,008	1,032	1,299	955.16
Change in Working Capital	112.75	-52.47	-25.81	198.73	-102.4

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.