ABA Chemicals 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	-184.58	-257.7	-82.29	202.95	181.85
Depreciation & Amortization	145.6	140.07	138.42	136.29	131.26
Other Amortization	4.06	1.04	0.47	4.11	6.1
Loss (Gain) From Sale of Assets	-0.16	-0.3	-3.83	-0.93	0.19
Asset Writedown & Restructuring Costs	81.28	106.39	42.61	0.21	9.51
Loss (Gain) From Sale of Investments	1.54	-0.57	-35.48	23.65	-42.08
Provision & Write-off of Bad Debts	-	6.06	23.44	3.9	-
Other Operating Activities	89.64	66.55	44.17	41.96	68.76
Change in Accounts Receivable	-66.59	-5.51	92.97	-149.59	131.84
Change in Inventory	-49.55	115.66	-101.95	-131.67	-5.67
Change in Accounts Payable	-2.58	71.85	-113.67	-56.09	-60.09
Change in Other Net Operating Assets	-0.65	4.48	-	9.17	3
Operating Cash Flow	0.91	200.54	-25.85	81.07	422.7
Operating Cash Flow Growth	-99.55%	-	-	-80.82%	25.01%
Capital Expenditures	-129.3	-143	-232.28	-189.96	-91.22
Sale of Property, Plant & Equipment	2.27	1.57	7.72	3.23	0.62
Cash Acquisitions	-	-	-11.89	-	-
Divestitures	2.8	-	-	-	-
Investment in Securities	-6	-2	-	-25	32.58
Other Investing Activities	3.8	0.92	2.56	-19.21	-
Investing Cash Flow	-126.43	-142.51	-233.88	-230.94	-58.02
Long-Term Debt Issued	1,129	1,189	843.4	690.36	834.19
Long-Term Debt Repaid	-1,085	-1,091	-650.83	-679.69	-1,094
Net Debt Issued (Repaid)	44.17	98.21	192.57	10.68	-259.71
Common Dividends Paid	-40.8	-82.47	-80.07	-38.38	-86.83
Other Financing Activities	-2.93	13.93	14.94	-5.55	22.35
Financing Cash Flow	0.44	29.67	127.44	-33.25	-324.18
Foreign Exchange Rate Adjustments	12.89	3.85	-17.65	48.23	-4.77
Net Cash Flow	-112.19	91.55	-149.94	-134.89	35.73
Free Cash Flow	-128.4	57.54	-258.13	-108.89	331.48
Free Cash Flow Growth	-	-	-	-	35.72%
Free Cash Flow Margin	-9.82%	4.79%	-20.18%	-5.44%	16.00%
Free Cash Flow Per Share	-0.13	0.06	-0.27	-0.11	0.35
Cash Interest Paid	-	0.68	0.68	0.91	0.83
Cash Income Tax Paid	-7.52	-18.87	17.38	-26.01	-35.71
Levered Free Cash Flow	2.1	141.14	-269.42	-236.66	228.52
Unlevered Free Cash Flow	2.1	162.65	-247.81	-212.85	254.33
Change in Working Capital	-136.47	139	-153.37	-331.07	67.11

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