Dirui 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	Jan '22 Jan 1, 2022
Net Income	-246	141.92	275.59	261.83	209.95
Depreciation & Amortization	46.67	38.37	40.57	35.49	34.9
Other Amortization	8.97	9.55	4.13	2.42	2.3
Loss (Gain) From Sale of Assets	-0.62	-0.08	-0.13	-0.01	-0.25
Asset Writedown & Restructuring Costs	214.2	0.41	0	0.7	0.46
Loss (Gain) From Sale of Investments	-20.1	-23.42	-33.49	-31.97	-38.94
Provision & Write-off of Bad Debts	-	10.97	9.64	10.96	6.26
Other Operating Activities	34.62	9.44	17.82	17.46	6.71
Change in Accounts Receivable	138	-60.91	-203.85	-377.48	-102.95
Change in Inventory	178.89	2.3	-197.03	-146.55	-19.73
Change in Accounts Payable	-259.71	-418.98	316.82	265.34	67.87
Operating Cash Flow	38.8	-294.75	224.5	40.92	167.41
Operating Cash Flow Growth	-	-	448.57%	-75.56%	-28.96%
Capital Expenditures	-22.65	-20.73	-32.69	-9.98	-16.14
Sale of Property, Plant & Equipment	0.16	0.06	0.01	0.11	1.84
Divestitures	-	-	-	-	59.3
Investment in Securities	-180	20	29.94	250	-387.65
Other Investing Activities	21.53	22.42	2.03	32.8	62
Investing Cash Flow	-180.97	21.75	-0.7	272.93	-280.65
Long-Term Debt Issued	425	515	310	463	230
Total Debt Issued	425	515	310	463	230
Long-Term Debt Repaid	-475.6	-338.41	-343.26	-276.94	-231.63
Total Debt Repaid	-475.6	-338.41	-343.26	-276.94	-231.63
Net Debt Issued (Repaid)	-50.6	176.59	-33.26	186.06	-1.63
Issuance of Common Stock	-	-	-	22.63	22.52
Repurchase of Common Stock	-	-15.71	-5.28	-58.13	-
Common Dividends Paid	-81.98	-146.3	-140.49	-109.54	-139.55
Other Financing Activities	-4.46	-	-	0.06	0
Financing Cash Flow	-137.04	14.57	-179.03	41.08	-118.66
Foreign Exchange Rate Adjustments	4.04	-0.23	-2.25	6.2	-2.21
Net Cash Flow	-275.17	-258.66	42.52	361.13	-234.1
Free Cash Flow	16.15	-315.49	191.81	30.95	151.27
Free Cash Flow Growth	-	-	519.84%	-79.54%	-33.59%
Free Cash Flow Margin	2.00%	-25.91%	13.92%	2.54%	16.70%
Free Cash Flow Per Share	0.06	-1.16	0.70	0.11	0.55
Cash Income Tax Paid	-5.34	71.4	69.02	55.24	59.12
Levered Free Cash Flow	-	-365.53	91.92	103.72	312.81
Unlevered Free Cash Flow	-	-360.07	97.41	107.55	315.59
Change in Working Capital	1.05	-481.92	-89.63	-255.96	-53.98

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