Tong Petrotech 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	39.03	55.65	50.28	22.31	14.59
Depreciation & Amortization	90.5	81.47	81.5	77.16	82.2
Other Amortization	0.05	0.74	-	2.13	2.56
Loss (Gain) From Sale of Assets	-1.58	-4.21	-4.84	0.1	-1.67
Asset Writedown & Restructuring Costs	11.82	0.18	0.46	0.7	0.03
Loss (Gain) From Sale of Investments	-3.93	-8.12	-0.6	-8.88	-10.28
Provision & Write-off of Bad Debts	-	5.58	-9.44	-1.27	10.98
Other Operating Activities	11.28	28.2	32.8	8.45	31.68
Change in Accounts Receivable	8.48	-72.28	28.79	-21.25	5.46
Change in Inventory	31.02	3.53	15.23	15.63	33.35
Change in Accounts Payable	-59.1	25.77	-78.32	-18.48	-102.6
Change in Other Net Operating Assets	-	-	-	4.82	29.34
Operating Cash Flow	137.53	123.2	127.57	77.6	81.45
Operating Cash Flow Growth	11.63%	-3.43%	64.40%	-4.72%	1939.90%
Capital Expenditures	-121.16	-139.21	-105.57	-80.74	-22.15
Sale of Property, Plant & Equipment	8.2	5.05	4.87	1.75	3.31
Divestitures	-	-	59.9	-	27.67
Investment in Securities	2.94	3.21	2.79	-	30
Other Investing Activities	5.19	10.08	16.95	3.34	-40
Investing Cash Flow	-104.84	-120.87	-21.06	-75.65	-1.17
Long-Term Debt Issued	269.2	270	230	319.18	193
Long-Term Debt Repaid	-289.56	-246.24	-328.79	-347.93	-233.11
Net Debt Issued (Repaid)	-20.36	23.76	-98.79	-28.75	-40.11
Issuance of Common Stock	-	0.4	157	118.9	-
Repurchase of Common Stock	-	-	-1.87	-25.02	-2.53
Common Dividends Paid	-9.1	-12.68	-11.36	-11.55	-13.98
Other Financing Activities	-6.24	-0.75	-1.7	-1.09	26.49
Financing Cash Flow	-35.7	10.73	43.28	52.49	-30.14
Foreign Exchange Rate Adjustments	-5.4	2.98	1.82	6.06	-1.37
Net Cash Flow	-8.4	16.04	151.61	60.5	48.76
Free Cash Flow	16.37	-16.01	22.01	-3.14	59.3
Free Cash Flow Margin	1.43%	-1.34%	2.14%	-0.41%	7.93%
Free Cash Flow Per Share	0.03	-0.03	0.04	-0.01	0.12
Cash Income Tax Paid	16.9	12.38	1.56	-9.7	-0.6
Levered Free Cash Flow	31.06	-70.9	27.43	-43.57	62.09
Unlevered Free Cash Flow	31.06	-64.02	35.06	-36.11	73.64
Change in Working Capital	-9.64	-36.28	-22.58	-23.1	-44.9

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