Houpu Clean Energy Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-82.39	-70.2	-135.59	10.92
Depreciation & Amortization	43.96	44.87	44.8	40.47
Other Amortization	1.34	0.34	0.67	3.23
Loss (Gain) From Sale of Assets	-0.17	-10.13	4.2	-0.19
Asset Writedown & Restructuring Costs	-0.01	10.21	21.25	-3.46
Loss (Gain) From Sale of Investments	6.07	2.03	-0.43	-0.96
Provision & Write-off of Bad Debts	9.27	2.19	6.78	-9.41
Other Operating Activities	-3.01	39.29	26.37	19.99
Change in Accounts Receivable	0.3	-145.01	30.01	-88.58
Change in Inventory	6.77	259.77	-138.78	-125.04
Change in Accounts Payable	134.49	-18.17	96.16	126.41
Operating Cash Flow	116.06	117.13	-44.11	-27.71
Operating Cash Flow Growth	-0.91%	-	-	-
Capital Expenditures	-89.81	-92.86	-94.76	-51.76
Sale of Property, Plant & Equipment	0.39	21.86	0.22	0.5
Cash Acquisitions	-	-19	-4	-21.9
Divestitures	-	-	3.39	-
Investment in Securities	-9.1	-7.84	-	-
Other Investing Activities	-0.05	0.38	2.45	0.52
Investing Cash Flow	-98.57	-97.46	-92.7	-72.64
Short-Term Debt Issued	-	14.45	10	-
Long-Term Debt Issued	277	307.35	364.6	276.1
Total Debt Issued	277	321.8	374.6	276.1
Short-Term Debt Repaid	-	-20	-	-
Long-Term Debt Repaid	-402.42	-371.99	-370.09	-173.25
Total Debt Repaid	-402.42	-391.99	-370.09	-173.25
Net Debt Issued (Repaid)	-125.42	-70.19	4.51	102.85
Issuance of Common Stock	-	216	153.12	-
Common Dividends Paid	-9.99	-16.54	-15.85	-14.53
Dividends Paid	-9.99	-16.54	-15.85	-14.53
Other Financing Activities	-34.54	18.38	5.96	1.9
Financing Cash Flow	-169.95	147.65	147.74	90.21
Foreign Exchange Rate Adjustments	0.21	0.01	0.19	0.01
Net Cash Flow	-152.24	167.33	11.11	-10.12
Free Cash Flow	26.25	24.27	-138.87	-79.47
Free Cash Flow Growth	8.16%	-	-	-
Free Cash Flow Margin	4.16%	2.59%	-19.46%	-9.08%
Free Cash Flow Per Share	0.07	0.06	-0.36	-0.22
Cash Income Tax Paid	40.54	37.6	16.41	12.26
Levered Free Cash Flow	15.55	64.22	-160.04	-86.66
Unlevered Free Cash Flow	21.09	75.07	-148.95	-77.04
Change in Working Capital	141.01	98.51	-12.16	-88.28

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