Guizhou Chanhen Chemical 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	1,260	956.48	766.4	758.66	367.76
Depreciation & Amortization	450.04	410.3	303.59	166.02	109.67
Other Amortization	62.13	57.17	63.18	45.13	46.98
Loss (Gain) From Sale of Assets	1.2	3.87	0.4	-1.19	3.91
Asset Writedown & Restructuring Costs	90.14	61.24	28.21	4.44	0.65
Loss (Gain) From Sale of Investments	-49.45	8.26	21.3	28.11	-16.78
Other Operating Activities	166.95	158.36	191.74	156.64	68.89
Change in Accounts Receivable	-1,704	-710.14	-966.38	-642.68	-649.33
Change in Inventory	-107.34	-108.22	-8.49	-441.51	-91.9
Change in Accounts Payable	481.36	74.26	105.24	567.34	233.41
Change in Other Net Operating Assets	9.72	-42.15	25.3	-79.18	13.78
Operating Cash Flow	641.9	859.23	528.37	543.67	80.47
Operating Cash Flow Growth	-25.29%	62.62%	-2.81%	575.58%	-68.52%
Capital Expenditures	-369.75	-451.89	-803.68	-1,805	-1,918
Sale of Property, Plant & Equipment	10.84	13.13	46.84	1.78	0.69
Cash Acquisitions	-	-350.81	-197	-	-
Divestitures	-	-	-	-	54.24
Investment in Securities	-271.4	-163.08	-25.97	95	220.56
Other Investing Activities	30.83	8.15	-3.63	18.35	9.41
Investing Cash Flow	-599.48	-944.5	-983.44	-1,690	-1,633
Short-Term Debt Issued	530.98	1,038	412.44	-	-
Long-Term Debt Issued	2,443	1,461	2,402	2,204	2,646
Total Debt Issued	2,974	2,499	2,814	2,204	2,646
Long-Term Debt Repaid	-2,442	-1,900	-2,202	-931.41	-498.5
Total Debt Repaid	-2,442	-1,900	-2,202	-931.41	-498.5
Net Debt Issued (Repaid)	532.04	599.13	612	1,273	2,147
Issuance of Common Stock	105.25	-	653.7	97.5	-
Repurchase of Common Stock	-40.14	-57.86	-0.52	-0.1	-
Common Dividends Paid	-897.6	-645.25	-472.34	-190.2	-38.34
Other Financing Activities	-63.44	-0.13	214.03	241	139.94
Financing Cash Flow	-363.89	-104.11	1,007	1,421	2,249
Foreign Exchange Rate Adjustments	3.23	13.21	3.94	11.96	-3.41
Net Cash Flow	-318.24	-176.16	555.74	287	693.14
Free Cash Flow	272.15	407.34	-275.31	-1,261	-1,837
Free Cash Flow Growth	-33.19%	-	-	-	-
Free Cash Flow Margin	3.27%	6.90%	-6.37%	-36.58%	-72.62%
Free Cash Flow Per Share	0.47	0.72	-0.55	-2.47	-3.76
Cash Income Tax Paid	675.94	440.96	464.71	190.14	110.23
Levered Free Cash Flow	721.21	746.37	12.41	-768.31	-1,576
Unlevered Free Cash Flow	768.04	830.88	109.63	-689.71	-1,549
Change in Working Capital	-1,339	-796.46	-846.45	-614.16	-500.61

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