CIMC Vehicles (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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	903.52	1,085	2,456	1,118	900.75
Depreciation & Amortization	558.2	579.46	560.4	534.63	504.1
Other Amortization	25.46	9.65	22.67	14.93	12.25
Loss (Gain) From Sale of Assets	-25.24	-7.51	-12.32	-220.99	-175.06
Asset Writedown & Restructuring Costs	10.79	-7.71	38.3	-12.83	7.69
Loss (Gain) From Sale of Investments	-9.74	-14.43	-1,121	37.24	1.55
Provision & Write-off of Bad Debts	132.29	216.84	89.97	35.62	18.63
Other Operating Activities	55.38	55.52	123.89	88.84	168.42
Change in Accounts Receivable	57.01	-164.39	-769.66	-129.22	200.57
Change in Inventory	-160.44	747.11	265.7	-613.98	-1,175
Change in Accounts Payable	44.89	-259.44	180.34	322.86	-298.54
Operating Cash Flow	1,576	2,192	1,790	1,154	174.43
Operating Cash Flow Growth	-28.10%	22.42%	55.14%	561.54%	-93.65%
Capital Expenditures	-459.87	-420.78	-519.11	-537.74	-1,065
Sale of Property, Plant & Equipment	68.17	44.78	88.7	369.94	217.19
Cash Acquisitions	-	-10.93	-9.43	-	-0.66
Divestitures	476.8	-	790.01	-	14.6
Investment in Securities	-23.04	-5	18.24	-80.05	88.25
Other Investing Activities	-52.91	-7.37	-21.08	-18.11	10.16
Investing Cash Flow	9.15	-399.3	347.33	-265.96	-735.08
Long-Term Debt Issued	33.64	653.66	486.75	1,418	1,303
Long-Term Debt Repaid	-332.88	-1,040	-810.38	-1,964	-1,263
Net Debt Issued (Repaid)	-299.24	-386.65	-323.62	-545.58	39.7
Issuance of Common Stock	-	-	-	50	1,626
Repurchase of Common Stock	-	-1,022	-	-	-
Common Dividends Paid	-533.98	-556.53	-637.14	-448.67	-650.08
Other Financing Activities	-48.73	-65.6	-13.54	-9.85	0.4
Financing Cash Flow	-881.95	-2,031	-974.31	-954.1	1,016
Foreign Exchange Rate Adjustments	-106.63	70.71	48.01	54.27	-29.64
Net Cash Flow	596.35	-167.71	1,211	-11.89	425.33
Free Cash Flow	1,116	1,771	1,271	616.17	-890.2
Free Cash Flow Growth	-36.98%	39.31%	106.29%	-	-
Free Cash Flow Margin	5.53%	8.43%	5.07%	2.61%	-3.22%
Free Cash Flow Per Share	0.59	0.92	0.63	0.30	-0.47
Cash Income Tax Paid	891.41	965.83	1,424	794.14	737.52
Levered Free Cash Flow	1,400	1,560	341.94	-37.78	-982.14
Unlevered Free Cash Flow	1,412	1,586	369.08	-6.33	-953.46
Change in Working Capital	-74.89	275.12	-367.12	-440.69	-1,263

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.