Hubei Heyuan Gas 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	64.35	73.17	83.77	74.46	90.23
Depreciation & Amortization	165.79	124.49	107.59	83.92	60.46
Other Amortization	19.19	15.62	13.91	11.64	4.61
Loss (Gain) From Sale of Assets	0.61	0.75	9.17	1.39	-0.65
Asset Writedown & Restructuring Costs	0.39	0.04	0.14	5.68	0.08
Loss (Gain) From Sale of Investments	-0.85	-1.14	-0.49	-0.22	-0.04
Provision & Write-off of Bad Debts	-	0.56	0.01	0.55	2.41
Other Operating Activities	80.1	63.47	49.17	40.98	33.79
Change in Accounts Receivable	-286.58	-206.23	-326.07	50.07	-113.94
Change in Inventory	8.28	-12.07	-24.05	-6.7	-2.24
Change in Accounts Payable	180.56	120.22	99.02	-220.34	-18.8
Change in Other Net Operating Assets	4.49	-0.21	5.54	0.94	-2.55
Operating Cash Flow	227.76	165.06	20.88	42.48	51.53
Operating Cash Flow Growth	37.99%	690.48%	-50.85%	-17.56%	927.56%
Capital Expenditures	-603.49	-1,120	-456.55	-605.69	-344.71
Sale of Property, Plant & Equipment	8.52	9.95	4.68	17.89	5.88
Investment in Securities	-14.7	-101.11	-	-40	-11.18
Other Investing Activities	0.29	0.66	0.13	0.11	0.04
Investing Cash Flow	-609.38	-1,210	-451.73	-627.69	-349.96
Short-Term Debt Issued	-	-	-	296.5	-
Long-Term Debt Issued	1,205	2,166	1,630	1,028	801
Total Debt Issued	1,205	2,166	1,630	1,324	801
Long-Term Debt Repaid	-873.59	-931.93	-758.84	-496.55	-417.32
Net Debt Issued (Repaid)	330.91	1,234	871.61	827.89	383.68
Issuance of Common Stock	5.9	37.4	-	-	-
Common Dividends Paid	-84.95	-48.71	-24.53	-36.36	-49.23
Other Financing Activities	-59.21	66.44	-451.46	-298.53	-90.2
Financing Cash Flow	192.65	1,289	395.61	493	244.26
Foreign Exchange Rate Adjustments	-0.06	0.01	-	-	-
Net Cash Flow	-189.04	244.08	-35.24	-92.21	-54.17
Free Cash Flow	-375.74	-954.61	-435.67	-563.2	-293.17
Free Cash Flow Margin	-22.58%	-62.27%	-26.33%	-42.61%	-29.56%
Free Cash Flow Per Share	-1.81	-4.57	-2.08	-2.73	-1.40
Cash Income Tax Paid	-37.45	-114.93	71.36	57.28	53.23
Levered Free Cash Flow	-134.76	-842.48	-197.95	-440.29	-441.18
Unlevered Free Cash Flow	-134.76	-806.04	-169.68	-416.66	-419.81
Change in Working Capital	-101.82	-111.9	-242.38	-175.91	-139.35

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