Ningbo Color Master Batch 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	109.96	100.5	101.94	100.47	108.88
Depreciation & Amortization	14.62	14.93	14.36	12.43	10.86
Other Amortization	-	0.07	-	-	0.97
Loss (Gain) From Sale of Assets	-0.2	-0.46	-0.1	-0.06	0.11
Asset Writedown & Restructuring Costs	2.07	-	0.1	-	-0.01
Loss (Gain) From Sale of Investments	-14.64	-14.2	-9.29	-8.18	-1.01
Provision & Write-off of Bad Debts	-	7.43	0.99	0.6	0.55
Other Operating Activities	0.52	1.93	0.71	0.96	-0.22
Change in Accounts Receivable	-10.44	-28.36	-33.82	0.99	-13.34
Change in Inventory	-31.55	-4.97	7.33	-4.6	29.96
Change in Accounts Payable	48.24	10.98	14.35	-21.27	-12.7
Change in Other Net Operating Assets	-	-	-	-	-0.9
Operating Cash Flow	117.32	85.89	96.55	81.82	123.4
Operating Cash Flow Growth	36.59%	-11.04%	18.00%	-33.69%	238.91%
Capital Expenditures	-52.92	-79.23	-33.78	-20.19	-17.63
Sale of Property, Plant & Equipment	0.98	2.12	1.17	0.27	0.34
Investment in Securities	41.33	-255.78	-125.34	-45.19	-198.46
Other Investing Activities	-0.04	-	-	-0.95	-
Investing Cash Flow	-10.64	-332.88	-157.95	-66.07	-215.75
Short-Term Debt Issued	-	11.65	-	-	27.62
Long-Term Debt Issued	-	-	12.47	-	-
Total Debt Issued	-	11.65	12.47	-	27.62
Short-Term Debt Repaid	-	-10	-	-	-
Long-Term Debt Repaid	-9.9	-0.58	-3.04	-0.94	-0.99
Total Debt Repaid	-9.9	-10.58	-3.04	-0.94	-0.99
Net Debt Issued (Repaid)	-9.9	1.07	9.42	-0.94	26.62
Issuance of Common Stock	-	-	-	-	535.39
Repurchase of Common Stock	-	-11.94	-	-	-
Common Dividends Paid	-98.98	-48	-48	-40	-
Other Financing Activities	-39.21	-	-	-	-22
Financing Cash Flow	-148.09	-58.87	-38.58	-40.94	540.01
Foreign Exchange Rate Adjustments	-0.02	0	0	0.01	-0
Net Cash Flow	-41.43	-305.86	-99.97	-25.18	447.66
Free Cash Flow	64.4	6.67	62.77	61.63	105.77
Free Cash Flow Growth	866.05%	-89.38%	1.86%	-41.74%	276.51%
Free Cash Flow Margin	13.74%	1.35%	13.91%	13.28%	21.48%
Free Cash Flow Per Share	0.39	0.04	0.38	0.37	0.72
Cash Income Tax Paid	47.32	40.02	37.47	45.41	40.66
Levered Free Cash Flow	-374.65	-7.17	36.42	5.33	102.49
Unlevered Free Cash Flow	-374.65	-7.17	36.48	5.36	102.55
Change in Working Capital	4.98	-24.32	-12.15	-24.39	3.26

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