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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	88.31	83.38	129.67	121.66	122.73	89.67
Depreciation & Amortization	21.01	21.01	13.59	10.73	10.73	9.95
Other Amortization	1.51	1.51	0.76	0.53	0.53	0.62
Loss (Gain) From Sale of Assets	0.01	0.01	-0.02	0.14	-0	-
Asset Writedown & Restructuring Costs	0.01	0.01	0.3	1.76	0.59	1.19
Loss (Gain) From Sale of Investments	-5.93	-5.93	-5.13	-4.05	-7.35	-0.95
Provision & Write-off of Bad Debts	2.1	2.1	3.31	-	-	-
Other Operating Activities	-15.41	2.78	-6	5.42	-12.28	3.65
Change in Accounts Receivable	-133.37	-133.37	-66.99	-26.84	-1.12	-4.1
Change in Inventory	-45.35	-45.35	-19.05	10.76	-17.59	-29.59
Change in Accounts Payable	141.24	141.24	33.31	8.67	18.18	-5.64
Operating Cash Flow	53.91	67.16	83.61	128.63	114.25	64.14
Operating Cash Flow Growth	-60.03%	-19.67%	-35.00%	12.58%	78.14%	-31.13%
Capital Expenditures	-49.83	-63.31	-140.47	-99	-6.05	-11.14
Sale of Property, Plant & Equipment	0.04	0.04	0.03	0.14	0.02	-
Investment in Securities	274.21	-68.13	5.24	153.86	-200	-
Other Investing Activities	1	-	-1.52	-1.66	7.33	2.61
Investing Cash Flow	225.42	-131.4	-136.73	53.34	-198.7	-8.53
Long-Term Debt Repaid	-	-0.49	-0.52	-0.48	-0.5	-0.2
Net Debt Issued (Repaid)	-0.49	-0.49	-0.52	-0.48	-0.5	-0.2
Issuance of Common Stock	-	-	-	-	782.23	-
Repurchase of Common Stock	-8.01	-8.01	-17.04	-	-	-
Common Dividends Paid	-30.07	-30.07	-30.26	-50.67	-60.8	-
Other Financing Activities	-55.99	-64	-	-	-21.46	-1.35
Financing Cash Flow	-94.57	-102.57	-47.82	-51.15	699.46	-1.55
Foreign Exchange Rate Adjustments	-28.25	-19.75	8.69	-2.83	4.07	1.25
Net Cash Flow	156.51	-186.56	-92.26	128	619.09	55.31
Free Cash Flow	4.08	3.86	-56.87	29.63	108.2	52.99
Free Cash Flow Growth	2183.06%	-	-	-72.62%	104.18%	-11.40%
Free Cash Flow Margin	0.63%	0.64%	-8.10%	5.04%	18.65%	9.69%
Free Cash Flow Per Share	0.04	0.04	-0.57	0.29	1.14	0.70
Cash Income Tax Paid	-	-18.8	-29.45	-20.18	-33.67	-33.4
Levered Free Cash Flow	-36.01	-29.9	-123.74	-14.45	72.08	18.04
Unlevered Free Cash Flow	-36	-29.89	-123.72	-14.44	72.09	18.04
Change in Working Capital	-37.71	-37.71	-52.86	-7.55	-0.7	-39.99

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