Hanyu Group Joint-Stock 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	236.11	234.11	243.96	204.19	229.79
Depreciation & Amortization	69.99	70.67	71.57	70.33	56.18
Other Amortization	3.76	5.11	6.04	6.59	7.35
Loss (Gain) From Sale of Assets	0.57	-0.29	-0.17	0.05	0.24
Asset Writedown & Restructuring Costs	3.31	0.24	0.42	0.55	0.9
Loss (Gain) From Sale of Investments	-8.87	1.02	-30.17	-7.87	-34.75
Provision & Write-off of Bad Debts	-6.11	1.21	0.97	0.66	0.54
Other Operating Activities	-8.98	-0.68	10.56	1	8.94
Change in Accounts Receivable	-20.53	-82.44	-26.13	-8.96	-58.27
Change in Inventory	-26.74	-15.39	-10.41	11.85	-65.13
Change in Accounts Payable	-40.87	15.1	39.23	-96.36	17.91
Operating Cash Flow	200.91	215.79	295.77	179.6	163.32
Operating Cash Flow Growth	-6.90%	-27.04%	64.69%	9.97%	-12.69%
Capital Expenditures	-102.87	-42.76	-86.56	-117.92	-153.54
Sale of Property, Plant & Equipment	0.85	0.44	0.3	1.88	15.72
Divestitures	-	-	-	-	15.13
Investment in Securities	77.2	12.56	-56.75	-4.96	-9.39
Other Investing Activities	19.57	7.46	34.7	0.02	-
Investing Cash Flow	-5.25	-22.31	-108.32	-120.98	-132.08
Short-Term Debt Issued	15.72	90.4	40.98	79.1	163.73
Total Debt Issued	15.72	90.4	40.98	79.1	163.73
Short-Term Debt Repaid	-74.21	-73.31	-28.15	-104.57	-299.09
Long-Term Debt Repaid	-0.82	-0.99	-1.71	-3.33	-3.78
Total Debt Repaid	-75.02	-74.3	-29.86	-107.9	-302.87
Net Debt Issued (Repaid)	-59.3	16.09	11.12	-28.8	-139.14
Common Dividends Paid	-61.17	-230.13	-157.5	-49.5	-101.5
Other Financing Activities	-	-	8	-	-
Financing Cash Flow	-120.47	-214.04	-138.37	-78.3	-240.65
Foreign Exchange Rate Adjustments	2.08	7.19	0.05	8.78	-10.52
Net Cash Flow	77.28	-13.37	49.13	-10.9	-219.92
Free Cash Flow	98.04	173.03	209.21	61.68	9.78
Free Cash Flow Growth	-43.34%	-17.29%	239.19%	530.63%	-88.82%
Free Cash Flow Margin	8.35%	15.18%	19.17%	5.83%	0.87%
Free Cash Flow Per Share	0.16	0.29	0.35	0.10	0.02
Cash Income Tax Paid	53.7	54.36	46.37	1.78	0.08
Levered Free Cash Flow	62.61	113.64	165.48	-37.2	-35.47
Unlevered Free Cash Flow	62.92	114.59	166.2	-35.41	-31.89
Change in Working Capital	-89.01	-95.53	-7.9	-96.72	-105.87

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