Levima Advanced Materials 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	305.71	234.44	446.12	866.25	1,091
Depreciation & Amortization	620.27	596.36	605.09	558.83	480.42
Other Amortization	36.73	27.91	21.03	20.85	17.32
Loss (Gain) From Sale of Assets	0.39	1.2	0.13	-0.23	-23.52
Asset Writedown & Restructuring Costs	0.69	3.13	-21.83	7.4	4.13
Loss (Gain) From Sale of Investments	-4.59	-41.73	2.3	-2.58	-42.4
Provision & Write-off of Bad Debts	5.87	2.63	4.92	3.55	2.25
Other Operating Activities	165.71	155.02	146.18	162.17	132.43
Change in Accounts Receivable	-446.25	-93.6	-331.24	82.12	-34.27
Change in Inventory	-303.02	6.33	-6.54	-70.75	-191.69
Change in Accounts Payable	171.28	-307.79	-58.92	-319.48	-223.45
Change in Other Net Operating Assets	13.62	-9.43	9.48	26.93	29.83
Operating Cash Flow	587.03	593.69	875.42	1,316	1,268
Operating Cash Flow Growth	-1.12%	-32.18%	-33.45%	3.73%	13.11%
Capital Expenditures	-4,266	-3,356	-3,115	-1,782	-442.4
Sale of Property, Plant & Equipment	7.02	0.3	7.43	0.32	77.94
Cash Acquisitions	-2.84	-	-	-18.31	-886.54
Divestitures	18.89	38.33	-3.47	-	-
Investment in Securities	-15	38.93	-3	-	-
Other Investing Activities	1.21	9.43	0.94	2.81	14.89
Investing Cash Flow	-4,257	-3,269	-3,113	-1,798	-1,236
Long-Term Debt Issued	10,902	9,254	8,088	4,901	4,562
Long-Term Debt Repaid	-6,103	-5,144	-5,004	-3,258	-4,188
Net Debt Issued (Repaid)	4,799	4,110	3,085	1,644	373.64
Common Dividends Paid	-284.49	-329.63	-435.49	-373.56	-637.58
Other Financing Activities	-1,240	-1,192	-655.64	-713.38	-476.65
Financing Cash Flow	3,275	2,588	1,993	556.74	-740.59
Foreign Exchange Rate Adjustments	0.81	-0.31	0.48	0.82	-0.1
Net Cash Flow	-394.04	-87.47	-243.96	75.55	-708.57
Free Cash Flow	-3,679	-2,762	-2,240	-466.82	825.82
Free Cash Flow Growth	-	-	-	-	4.54%
Free Cash Flow Margin	-58.05%	-44.07%	-33.05%	-5.72%	10.89%
Free Cash Flow Per Share	-2.77	-2.12	-1.66	-0.35	0.62
Cash Income Tax Paid	71.03	182.7	150.45	516.33	424.89
Levered Free Cash Flow	-3,027	-3,008	-2,131	-821.88	718.49
Unlevered Free Cash Flow	-2,937	-2,936	-2,052	-732.24	814.75
Change in Working Capital	-543.76	-385.28	-328.51	-300.7	-392.99

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