Guangdong Mingyang Electric Co.,Ltd. (SHE:301291)
China · Delayed Price · Currency is CNY 32.67
-0.13 (-0.40%)
At close: Sep 11, 2026
SHE:301291 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Net Income | 369.06 | 588.29 | 662.52 | 495.17 | 265.29 | 161.39 |
Depreciation & Amortization | 70.17 | 60.64 | 46.62 | 35.55 | 26.84 | 18.76 |
Other Amortization | 8.07 | 5.5 | 3.76 | 4.82 | 2.97 | 1.22 |
Loss (Gain) From Sale of Assets | 0 | 0.01 | 0 | - | -0.03 | - |
Asset Writedown & Restructuring Costs | 0.21 | 0.17 | 0.18 | 0.11 | 0.28 | 0.06 |
Loss (Gain) From Sale of Investments | -1.69 | -1.43 | -3.24 | 1.06 | -0.07 | - |
Provision & Write-off of Bad Debts | 73.87 | 94.64 | 118.2 | 84.84 | 57.07 | 22.78 |
Other Operating Activities | 48.63 | 54.87 | 38.32 | 43.62 | 26.99 | 22.08 |
Change in Accounts Receivable | 92.14 | -418.16 | -1,389 | -1,068 | -888.66 | -394.39 |
Change in Inventory | -183.13 | 107.09 | -122.41 | -445.83 | -212.66 | -105.25 |
Change in Accounts Payable | -172.25 | -405.26 | 1,044 | 1,188 | 1,013 | 391.03 |
Change in Other Net Operating Assets | 15.73 | 21.8 | 2.05 | 0.74 | 3.25 | - |
Operating Cash Flow | 313.71 | 95.83 | 385.5 | 326.1 | 287.78 | 115.19 |
Operating Cash Flow Growth | 208.77% | -75.14% | 18.21% | 13.32% | 149.83% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -263.33 | -331.96 | -198.35 | -78.42 | -19.26 | -406.58 |
Sale of Property, Plant & Equipment | 0.07 | 0.2 | 0 | 1.21 | 0.08 | - |
Investment in Securities | -220.78 | -120 | -533.5 | - | - | - |
Other Investing Activities | 5.11 | 5.53 | 4.65 | - | 0.07 | - |
Investing Cash Flow | -478.94 | -446.23 | -727.2 | -77.21 | -19.11 | -406.58 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 112.5 | 164 | - | - | - |
Long-Term Debt Issued | - | - | - | 77.38 | 176.38 | 542.65 |
Total Debt Issued | 353.6 | 112.5 | 164 | 77.38 | 176.38 | 542.65 |
Short-Term Debt Repaid | - | -150.88 | -183.17 | - | - | - |
Long-Term Debt Repaid | - | -14.73 | -10.67 | -463.09 | -290.15 | -190.71 |
Lease Payments | -15.97 | -14.73 | -10.67 | -6.32 | - | - |
Total Debt Repaid | -142.44 | -165.61 | -193.84 | -463.09 | -290.15 | -190.71 |
Net Debt Issued (Repaid) | 211.16 | -53.11 | -29.84 | -385.71 | -113.77 | 351.95 |
Issuance of Common Stock | 95.34 | - | - | 2,796 | - | - |
Common Dividends Paid | -23.81 | -247.77 | -201.37 | -37.54 | -19.95 | -17.37 |
Other Financing Activities | 73.39 | 38.21 | -3.89 | 101.4 | -49.8 | 10.56 |
Financing Cash Flow | 356.09 | -262.67 | -235.1 | 2,474 | -183.51 | 345.14 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -3.58 | -1.72 | - | - | - | - |
Net Cash Flow | 187.28 | -614.78 | -576.8 | 2,723 | 85.16 | 53.75 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 50.37 | -236.13 | 187.15 | 247.68 | 268.52 | -291.39 |
Free Cash Flow Growth | - | - | -24.44% | -7.76% | - | - |
Free Cash Flow Margin | 0.84% | -3.42% | 2.90% | 4.98% | 8.30% | -14.35% |
Free Cash Flow Per Share | 0.16 | -0.76 | 0.60 | 0.91 | 1.14 | -1.25 |
Levered Free Cash Flow | -112.44 | -273.69 | -158.4 | 256.43 | 284.13 | -299.54 |
Unlevered Free Cash Flow | -110.66 | -272.47 | -157.07 | 264.3 | 296.66 | -288.31 |
Free Cash Flow After Leases | 34.41 | -250.86 | 176.48 | 241.36 | 268.52 | -291.39 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 212.54 | 333.49 | 250.58 | 174.1 | 117.88 | 66.82 |
Change in Working Capital | -254.62 | -706.86 | -480.85 | -339.06 | -91.56 | -111.09 |