Huatu Cendes CO., LTD 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	Jan '22 Jan 1, 2022
Net Income	240.49	240.62	52.99	-91.97	10.96	12.78
Depreciation & Amortization	251.62	251.62	240.56	28.77	4.32	6.19
Other Amortization	19.34	19.34	8.84	1.35	1.18	1.26
Loss (Gain) From Sale of Assets	-2.29	-2.29	-0.94	-0.02	-0.66	-0.03
Asset Writedown & Restructuring Costs	0.68	0.68	0.88	1	0.2	0.04
Loss (Gain) From Sale of Investments	-8.88	-8.88	-11.97	-2.49	-2.92	-2.58
Provision & Write-off of Bad Debts	-	-	3.8	12.41	7.23	10.67
Other Operating Activities	-179.42	42.37	19.63	5.08	0.71	0.79
Change in Accounts Receivable	48.2	48.2	20.03	-144.46	-40.29	-15.31
Change in Inventory	-3.92	-3.92	-23.23	-0.38	-	-
Change in Accounts Payable	95.5	95.5	494.59	403.26	14.44	-6.26
Change in Other Net Operating Assets	-	-	-	-	-	-3.33
Operating Cash Flow	448.12	670.03	824.17	194.41	-4.29	2.83
Operating Cash Flow Growth	-28.89%	-18.70%	323.93%	-	-	-76.96%
Capital Expenditures	-97.64	-72.21	-71.1	-10.05	-3.38	-1.74
Sale of Property, Plant & Equipment	1.84	1.41	0.15	0.55	2.49	7.5
Investment in Securities	-124	-167.9	-296.43	12.45	17.85	-87.9
Other Investing Activities	43.06	43.14	-	-	-	-
Investing Cash Flow	-176.74	-195.56	-367.39	2.95	16.96	-82.14
Long-Term Debt Issued	-	300	-	-	-	-
Long-Term Debt Repaid	-	-95.74	-263.25	-47.16	-1.71	-3.13
Net Debt Issued (Repaid)	204.26	204.26	-263.25	-47.16	-1.71	-3.13
Common Dividends Paid	-109.2	-136.38	-	-2.81	-2.81	-4.21
Other Financing Activities	-493.64	-482.26	-	-	-	-
Financing Cash Flow	-398.59	-414.39	-263.25	-49.97	-4.52	-7.35
Net Cash Flow	-127.21	60.09	193.53	147.38	8.15	-86.66
Free Cash Flow	350.48	597.82	753.07	184.36	-7.68	1.08
Free Cash Flow Growth	-37.75%	-20.61%	308.48%	-	-	-90.33%
Free Cash Flow Margin	10.92%	18.70%	26.58%	74.60%	-7.18%	0.99%
Free Cash Flow Per Share	1.68	3.06	3.86	0.93	-0.04	0.01
Cash Income Tax Paid	141.02	125.56	38.62	6.28	10.66	7.65
Levered Free Cash Flow	523.3	741.36	725.51	230.73	9.24	8.11
Unlevered Free Cash Flow	523.3	741.36	737.27	233.85	9.34	8.18
Change in Working Capital	126.57	126.57	510.37	240.27	-25.31	-26.3

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