Qingdao CHOHO Industrial 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	Dec '21 Dec 31, 2021
Net Income	175.14	130.98	116.01	169.92	78.76
Depreciation & Amortization	108.82	95.12	81.51	59.08	37.87
Other Amortization	3.92	0.77	1.61	1.27	0.59
Loss (Gain) From Sale of Assets	-0.29	2.03	0.12	1.2	-0.15
Asset Writedown & Restructuring Costs	0	0.03	0.37	0.25	0.24
Loss (Gain) From Sale of Investments	-	-	-	-1.44	-0.91
Provision & Write-off of Bad Debts	1.74	-0.69	6.12	2.82	3.58
Other Operating Activities	11.11	10.91	20.1	16.69	2.66
Change in Accounts Receivable	-37.53	49.26	-144.32	-41.42	-166.39
Change in Inventory	-13.65	-23.99	-14.24	19.77	-94.93
Change in Accounts Payable	96.61	16.86	107.53	-51.74	149.76
Change in Other Net Operating Assets	-1.64	-	-2.5	-3.97	-
Operating Cash Flow	350.5	282.25	165.4	163.51	17.39
Operating Cash Flow Growth	24.18%	70.65%	1.16%	840.39%	-83.18%
Capital Expenditures	-323.25	-186.99	-380.81	-143.12	-118.73
Sale of Property, Plant & Equipment	103.4	1.08	0.24	1.36	0.1
Cash Acquisitions	-	-	-	-185.69	-
Divestitures	2.54	-	-	-	-
Investment in Securities	-10	-	-	-	-30
Other Investing Activities	-	-	-	1.44	0.91
Investing Cash Flow	-227.31	-185.92	-380.57	-326.02	-147.73
Short-Term Debt Issued	-	-	-	-	79.31
Long-Term Debt Issued	138.3	20	734.95	248	-
Total Debt Issued	138.3	20	734.95	248	79.31
Short-Term Debt Repaid	-	-	-	-	-35
Long-Term Debt Repaid	-192.28	-48.24	-456.68	-60.41	-4.89
Total Debt Repaid	-192.28	-48.24	-456.68	-60.41	-39.89
Net Debt Issued (Repaid)	-53.98	-28.24	278.27	187.59	39.42
Issuance of Common Stock	-	-	-	-	436.45
Common Dividends Paid	-55.04	-57.48	-55.71	-37.23	-33.31
Other Financing Activities	-	-	-3.54	-	-15.54
Financing Cash Flow	-109.02	-85.72	219.03	150.36	427.02
Foreign Exchange Rate Adjustments	2.37	6.62	-1.89	3.67	-5.1
Net Cash Flow	16.53	17.24	1.97	-8.48	291.58
Free Cash Flow	27.25	95.26	-215.41	20.39	-101.34
Free Cash Flow Growth	-71.40%	-	-	-	-
Free Cash Flow Margin	1.41%	5.19%	-12.44%	1.27%	-7.44%
Free Cash Flow Per Share	0.33	1.16	-2.64	0.25	-1.26
Cash Income Tax Paid	50.03	33.36	18.88	-2.15	-37.01
Levered Free Cash Flow	-18.52	-61.62	-256.82	-41.67	-59.74
Unlevered Free Cash Flow	-9.32	-51.16	-247.16	-38.06	-58.71
Change in Working Capital	50.07	43.11	-60.43	-86.28	-105.27

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