Zhuhai Enpower Electric Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	168.76	71	82.36	24.64	46.84	13.16
Depreciation & Amortization	81.83	81.83	65.25	52.03	36.65	28.45
Other Amortization	13.79	13.79	16.57	14.28	12.99	6.04
Loss (Gain) From Sale of Assets	-0.91	-0.91	-0.86	-0.13	0.47	0.12
Asset Writedown & Restructuring Costs	2.31	2.31	0.33	125.05	23.15	9.6
Loss (Gain) From Sale of Investments	8.63	8.63	0.26	0.35	-1.49	-0.53
Provision & Write-off of Bad Debts	5.95	5.95	22.88	-	-	-
Other Operating Activities	-133.7	51.92	59.5	26.64	12.68	2.35
Change in Accounts Receivable	-158.07	-158.07	140.91	-800.38	-283.2	-45.2
Change in Inventory	-107.93	-107.93	-51.84	-164.87	-401.36	-63.62
Change in Accounts Payable	357.46	357.46	-63.07	640.53	451.25	111.61
Operating Cash Flow	212.06	299.92	260.27	-140.79	-119.02	58.73
Operating Cash Flow Growth	-59.94%	15.23%	-	-	-	-70.59%
Capital Expenditures	-672.44	-477.49	-705.41	-272.59	-112.09	-77.08
Sale of Property, Plant & Equipment	7.45	1.14	4.98	0.01	1.4	0.34
Investment in Securities	-153.19	-120.91	-	0.67	20	-20
Other Investing Activities	-	-	-	1.78	0.4	0.53
Investing Cash Flow	-706.79	-597.27	-700.43	-270.14	-90.3	-96.21
Long-Term Debt Issued	-	1,177	457.09	637.45	428.33	57.87
Long-Term Debt Repaid	-	-606.46	-393.79	-451.81	-190.78	-50.49
Net Debt Issued (Repaid)	540.71	570.14	63.3	185.64	237.56	7.38
Issuance of Common Stock	33.45	33.45	42.62	999.74	-	-
Common Dividends Paid	-24.17	-30.83	-26.23	-28.11	-12.55	-7.24
Other Financing Activities	4	-	-	20.66	-0.3	-
Financing Cash Flow	553.98	572.75	79.69	1,178	224.71	0.14
Foreign Exchange Rate Adjustments	-	-	0	-0.04	-	-
Net Cash Flow	59.25	275.4	-360.47	766.95	15.39	-37.35
Free Cash Flow	-460.38	-177.58	-445.14	-413.39	-231.11	-18.35
Free Cash Flow Margin	-14.48%	-7.31%	-22.68%	-20.61%	-23.68%	-4.36%
Free Cash Flow Per Share	-1.61	-0.68	-1.73	-1.85	-1.05	-0.08
Cash Interest Paid	-	-	-	0.01	-	-
Cash Income Tax Paid	28.81	27.53	57.28	16.95	13.18	9.72
Levered Free Cash Flow	-566.07	-302.78	-668.59	-355.98	-227.97	-31.74
Unlevered Free Cash Flow	-550.24	-290.33	-650.92	-339.33	-220.04	-30.27
Change in Working Capital	65.4	65.4	13.99	-383.64	-250.32	-0.46

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