Zhejiang Hengwei Battery 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	103.69	129.67	121.66	122.73	89.67	95.84
Depreciation & Amortization	13.59	13.59	10.73	10.73	9.95	7.39
Other Amortization	0.76	0.76	0.53	0.53	0.62	0.52
Loss (Gain) From Sale of Assets	-0.02	-0.02	0.14	-0	-	0.34
Asset Writedown & Restructuring Costs	3.48	3.48	1.76	0.59	1.19	0.54
Loss (Gain) From Sale of Investments	-5.13	-5.13	-4.05	-7.35	-0.95	-3.85
Other Operating Activities	135.15	-5.88	5.42	-12.28	3.65	9.29
Change in Accounts Receivable	-66.99	-66.99	-26.84	-1.12	-4.1	-29.28
Change in Inventory	-19.05	-19.05	10.76	-17.59	-29.59	-8.81
Change in Accounts Payable	33.31	33.31	8.67	18.18	-5.64	20.01
Change in Other Net Operating Assets	-	-	-	-	-	0.87
Operating Cash Flow	198.66	83.61	128.63	114.25	64.14	93.13
Operating Cash Flow Growth	276.58%	-35.00%	12.58%	78.14%	-31.13%	41.30%
Capital Expenditures	-121.24	-140.47	-99	-6.05	-11.14	-33.32
Sale of Property, Plant & Equipment	0.04	0.03	0.14	0.02	-	0.25
Investment in Securities	-37.6	5.24	153.86	-200	-	35.9
Other Investing Activities	-29.54	-1.52	-1.66	7.33	2.61	1.75
Investing Cash Flow	-188.35	-136.73	53.34	-198.7	-8.53	4.58
Long-Term Debt Repaid	-	-0.52	-0.48	-0.5	-0.2	-
Net Debt Issued (Repaid)	-0.52	-0.52	-0.48	-0.5	-0.2	-
Issuance of Common Stock	-	-	-	782.23	-	10
Repurchase of Common Stock	-17.04	-17.04	-	-	-	-
Common Dividends Paid	-30.07	-30.26	-50.67	-60.8	-	-63.4
Other Financing Activities	6.72	-	-	-21.46	-1.35	-3.08
Financing Cash Flow	-40.91	-47.82	-51.15	699.46	-1.55	-56.48
Foreign Exchange Rate Adjustments	10.5	8.69	-2.83	4.07	1.25	-4.2
Net Cash Flow	-20.11	-92.26	128	619.09	55.31	37.03
Free Cash Flow	77.42	-56.87	29.63	108.2	52.99	59.81
Free Cash Flow Growth	-	-	-72.62%	104.18%	-11.40%	35.08%
Free Cash Flow Margin	11.71%	-8.10%	5.04%	18.65%	9.69%	12.31%
Free Cash Flow Per Share	0.78	-0.57	0.29	1.14	0.70	0.79
Cash Income Tax Paid	-	-29.45	-20.18	-33.67	-33.4	-23.32
Levered Free Cash Flow	37.31	-123.45	-14.45	72.08	18.04	26.86
Unlevered Free Cash Flow	37.32	-123.44	-14.44	72.09	18.04	26.86
Change in Working Capital	-52.86	-52.86	-7.55	-0.7	-39.99	-16.95

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.