Anhui Huangshan Capsule Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	57.77	49.25	64.86	60.85	56.89	45.26
Depreciation & Amortization	45.54	45.54	45.66	43.07	33.49	29.24
Other Amortization	1	1	0.22	0.18	0.34	0.77
Loss (Gain) From Sale of Assets	-0.12	-0.12	0.09	0.7	0.29	0.25
Asset Writedown & Restructuring Costs	-	-	-	-	0.01	1.67
Loss (Gain) From Sale of Investments	-0.04	-0.04	-0.27	-4.86	-3.11	-4.54
Provision & Write-off of Bad Debts	1.45	1.45	0.11	0.58	0.57	0.76
Other Operating Activities	11.57	-8.77	1.69	1.67	-1.24	-1.58
Change in Accounts Receivable	-21.61	-21.61	-8.08	-38.2	-14.99	-31.39
Change in Inventory	21.82	21.82	-23.26	-13.2	-40.64	4.09
Change in Accounts Payable	-27.37	-27.37	14.54	32.76	56.23	19.73
Operating Cash Flow	92.37	63.51	99.86	83.02	86.09	62.71
Operating Cash Flow Growth	78.51%	-36.40%	20.29%	-3.57%	37.28%	20.53%
Capital Expenditures	-1.77	-13.57	-6.58	-34.13	-75.84	-93.78
Sale of Property, Plant & Equipment	0.01	1.11	0.11	0.04	1.09	0.04
Divestitures	-	-	-	-	5.87	-
Investment in Securities	-123.77	-123.77	-201.67	16.35	33	52.5
Other Investing Activities	41.49	1.14	0.08	4.08	4.49	2.16
Investing Cash Flow	-84.06	-135.1	-208.07	-13.67	-31.39	-39.08
Long-Term Debt Issued	-	-	11.5	-	63.89	15.85
Total Debt Issued	-	-	11.5	-	63.89	15.85
Long-Term Debt Repaid	-	-12.13	-0.57	-75.26	-5.67	-
Total Debt Repaid	-0.63	-12.13	-0.57	-75.26	-5.67	-
Net Debt Issued (Repaid)	-0.63	-12.13	10.93	-75.26	58.22	15.85
Common Dividends Paid	-19.44	-25.68	-18.04	-19.88	-10.86	-8.24
Other Financing Activities	0.34	0.35	-	-	0.4	3.39
Financing Cash Flow	-20.09	-37.47	-7.11	-95.14	47.76	11
Foreign Exchange Rate Adjustments	0.19	0.3	-0.32	0.5	-0.06	-0.02
Net Cash Flow	-11.59	-108.75	-115.63	-25.29	102.4	34.61
Free Cash Flow	90.6	49.94	93.27	48.88	10.25	-31.07
Free Cash Flow Growth	129.13%	-46.46%	90.80%	376.92%	-	-
Free Cash Flow Margin	19.23%	10.55%	20.16%	11.41%	2.70%	-9.73%
Free Cash Flow Per Share	0.28	0.16	0.32	0.16	0.03	-0.10
Cash Income Tax Paid	39.46	33.9	29.88	23.91	16.32	17.29
Levered Free Cash Flow	87.43	68.08	70.95	26.31	1.63	-27.4
Unlevered Free Cash Flow	87.44	68.09	70.97	27.59	1.74	-27.25
Change in Working Capital	-24.81	-24.81	-12.5	-19.18	-1.15	-9.11

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