Hynar Water Group 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	-177.85	-247.16	-34.93	-1.22	39.03
Depreciation & Amortization	54.51	63.59	62.66	53.84	33.13
Other Amortization	2.67	3.65	2.58	2.57	1.27
Loss (Gain) From Sale of Assets	0	-0	-0	-0	0.01
Asset Writedown & Restructuring Costs	46.81	128.92	41.86	31.06	23.66
Loss (Gain) From Sale of Investments	10.31	66.69	0.64	1.46	-0.16
Other Operating Activities	98.55	52.51	55.27	46.95	31.17
Change in Accounts Receivable	-38.29	-57.22	-577.96	-119.6	-180.54
Change in Inventory	0.28	-0.35	1.74	-1.67	-2.34
Change in Accounts Payable	56.18	-34.75	503.84	-29.56	-118.14
Operating Cash Flow	44.55	-33.74	45.45	-25.54	-177.66
Capital Expenditures	-9.28	-72.15	-148.4	-165.82	-313.66
Sale of Property, Plant & Equipment	0.01	0	-	0.07	0.01
Divestitures	5.92	-	-	-	-0.15
Investment in Securities	0.15	15.68	-2.13	19.78	-29.78
Other Investing Activities	-	-	-	0.16	0.13
Investing Cash Flow	-3.19	-56.47	-150.53	-145.82	-343.45
Long-Term Debt Issued	72.37	809.18	757.42	438.7	841.32
Long-Term Debt Repaid	-105.6	-719.02	-622.36	-343.55	-431.55
Net Debt Issued (Repaid)	-33.23	90.16	135.06	95.14	409.78
Issuance of Common Stock	-	-	-	-	375.88
Common Dividends Paid	-21.25	-38	-40.64	-43.56	-37.61
Other Financing Activities	5.46	-3.86	-5.2	-33.62	-53.38
Financing Cash Flow	-49.03	48.3	89.22	17.96	694.67
Foreign Exchange Rate Adjustments	-0.02	0.23	0.34	1.68	-0.43
Net Cash Flow	-7.69	-41.67	-15.53	-151.71	173.14
Free Cash Flow	35.27	-105.89	-102.96	-191.36	-491.32
Free Cash Flow Margin	9.44%	-28.48%	-21.79%	-38.46%	-89.50%
Free Cash Flow Per Share	0.20	-0.59	-0.59	-1.57	-2.90
Cash Income Tax Paid	27.34	14.51	14.6	-24.5	23.5
Levered Free Cash Flow	168.76	29.19	-169.78	-128.82	-371.3
Unlevered Free Cash Flow	168.76	62.43	-137.35	-99.66	-351.28
Change in Working Capital	9.56	-101.94	-82.64	-160.2	-305.77

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