Shandong Ruifeng Chemical Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	44.72	29.76	22.08	85.29	61.14	92.87
Depreciation & Amortization	95.4	95.4	93.09	58.01	53.28	40.67
Other Amortization	-	-	-	-	-	0.75
Loss (Gain) From Sale of Assets	-	-	-0.02	-0.19	-0.19	0.05
Asset Writedown & Restructuring Costs	1.43	1.43	14.48	2.33	7.84	5.83
Loss (Gain) From Sale of Investments	0.28	0.28	0.43	-0.02	-	-3.86
Provision & Write-off of Bad Debts	-	-	5.18	-0.42	0.18	1.08
Other Operating Activities	52.09	39.36	37.59	18.91	16.27	17.61
Change in Accounts Receivable	-73.88	-73.88	-98.43	-45.85	-91.05	-33.06
Change in Inventory	49.07	49.07	-107.5	-16.71	-76.6	18.92
Change in Accounts Payable	6.48	6.48	15.98	-7.28	24.33	-28.59
Operating Cash Flow	160.72	133.04	-23.2	96.2	-8.62	111.14
Operating Cash Flow Growth	394.99%	-	-	-	-	121.27%
Capital Expenditures	-42.57	-33.67	-69.3	-153.3	-176.31	-271.58
Sale of Property, Plant & Equipment	-	-	0.13	-	0.88	0.01
Investment in Securities	3.9	-	-	-4.48	13.7	38.72
Investing Cash Flow	-38.66	-33.67	-69.17	-157.78	-161.74	-232.85
Long-Term Debt Issued	-	894.47	688.43	497.73	428.6	369.06
Total Debt Issued	1,006	894.47	688.43	497.73	428.6	369.06
Long-Term Debt Repaid	-	-713.2	-491.39	-329.99	-249.8	-445.02
Total Debt Repaid	-815.03	-713.2	-491.39	-329.99	-249.8	-445.02
Net Debt Issued (Repaid)	191.44	181.27	197.03	167.73	178.8	-75.95
Issuance of Common Stock	-	-	-	123.6	-	340
Common Dividends Paid	-29.24	-30.88	-38.49	-8.5	-37.11	-39.99
Other Financing Activities	-277.17	-198.17	-170.38	-99.37	-91.97	-5.95
Financing Cash Flow	-114.97	-47.77	-11.84	183.47	49.72	218.11
Foreign Exchange Rate Adjustments	-0.92	1.29	4.57	1.58	1.8	-1.02
Net Cash Flow	6.17	52.89	-99.64	123.47	-118.83	95.37
Free Cash Flow	118.15	99.37	-92.5	-57.1	-184.93	-160.44
Free Cash Flow Margin	5.86%	5.05%	-4.62%	-3.21%	-10.10%	-8.63%
Free Cash Flow Per Share	0.51	0.43	-0.42	-0.24	-0.79	-0.67
Cash Income Tax Paid	17.43	9.28	-17.54	28.86	-5.83	12.1
Levered Free Cash Flow	119.65	91.75	-155.41	-87.95	-179.61	-160.35
Unlevered Free Cash Flow	119.65	91.75	-129.3	-73.84	-166.34	-147.41
Change in Working Capital	-33.2	-33.2	-196.04	-67.71	-147.13	-43.87

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