Sichuan Qiaoyuan Gas 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	232.39	149.17	202.75	117.35	180.53
Depreciation & Amortization	133.18	139.18	134.54	118.7	82.19
Other Amortization	0.47	0.57	0.41	0.04	-
Loss (Gain) From Sale of Assets	0.01	-0.13	-1.61	-0.31	-0.18
Asset Writedown & Restructuring Costs	15.61	49.79	0.74	15.81	9.72
Loss (Gain) From Sale of Investments	-0.97	-0.12	-0.19	-0.99	-0.7
Provision & Write-off of Bad Debts	-	3.27	5.12	-	-
Other Operating Activities	5.28	6.42	9.4	18.21	17.74
Change in Accounts Receivable	-176.5	-152.32	-74.4	-144.66	-181.22
Change in Inventory	-4.87	-1.76	-0.48	-4.75	-1.77
Change in Accounts Payable	22.63	25.51	-120.48	-21.77	16.03
Change in Other Net Operating Assets	8.83	6.62	-2.98	7.34	3.71
Operating Cash Flow	231.5	214.27	150.41	104.79	120.62
Operating Cash Flow Growth	8.04%	42.45%	43.53%	-13.12%	-49.71%
Capital Expenditures	-51.02	-28.45	-144.8	-209.63	-168.1
Sale of Property, Plant & Equipment	0.19	0.47	1.47	0.21	0.36
Investment in Securities	-69	-31	30	17	-47
Other Investing Activities	0.98	0.21	0.79	-0.45	1.47
Investing Cash Flow	-118.85	-58.76	-112.54	-192.88	-213.27
Long-Term Debt Issued	-	5	12.15	166	412.65
Long-Term Debt Repaid	-83.04	-45.13	-30.33	-556.81	-208.89
Net Debt Issued (Repaid)	-83.04	-40.13	-18.18	-390.81	203.77
Issuance of Common Stock	1.16	-	-	676.57	-
Repurchase of Common Stock	-	-105	-	-	-
Common Dividends Paid	-33.23	-23.95	-44.71	-17.2	-23.18
Other Financing Activities	-0.47	-	-	-51.88	-0.5
Financing Cash Flow	-115.58	-169.08	-62.89	216.68	180.08
Foreign Exchange Rate Adjustments	-	-	-	-	-0
Net Cash Flow	-2.93	-13.58	-25.02	128.59	87.43
Free Cash Flow	180.48	185.82	5.61	-104.83	-47.48
Free Cash Flow Growth	-2.87%	3213.37%	-	-	-
Free Cash Flow Margin	16.75%	18.15%	0.55%	-11.42%	-5.70%
Free Cash Flow Per Share	0.46	0.47	0.01	-0.28	-0.13
Cash Income Tax Paid	127.11	97.99	126.1	48.58	103.55
Levered Free Cash Flow	189.77	251.47	60.22	-158.85	170.37
Unlevered Free Cash Flow	189.77	253.77	64.32	-147.62	180.71
Change in Working Capital	-154.46	-133.88	-200.75	-164.02	-168.68

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