Sinolong New Materials 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	64.73	113.15	206.2	285.33	298.27
Depreciation & Amortization	147.32	147.32	144.08	130.91	134.95
Other Amortization	1.61	1.61	0.98	0.9	0.81
Asset Writedown & Restructuring Costs	0.1	0.1	2.05	0.1	-0.32
Loss (Gain) From Sale of Investments	-3.65	-3.65	3.6	5.17	-1.18
Provision & Write-off of Bad Debts	1.78	1.78	3.1	2.87	1.29
Other Operating Activities	-346.29	13.07	20.91	23.36	37.71
Change in Accounts Receivable	13.87	13.87	-360.1	-94.76	-98.39
Change in Inventory	-85.72	-85.72	-36.75	16.79	-96.81
Change in Accounts Payable	144.77	144.77	392.32	55.78	280.47
Operating Cash Flow	-66.33	341.46	372.07	425.75	554.63
Operating Cash Flow Growth	-	-8.23%	-12.61%	-23.24%	-
Capital Expenditures	-664.88	-185.8	-238.34	-252.5	-212.89
Sale of Property, Plant & Equipment	0.05	0.05	-	-	-
Investment in Securities	-22.88	-575	-	-	1.47
Other Investing Activities	11.5	1.31	-	-	2.92
Investing Cash Flow	-676.21	-759.45	-238.34	-252.5	-208.49
Long-Term Debt Issued	-	165	296.67	291.1	338.81
Short-Term Debt Repaid	-	-316.88	-342.8	-	-
Long-Term Debt Repaid	-	-378.47	-293.9	-322.09	-649.99
Total Debt Repaid	-524.71	-695.35	-636.69	-322.09	-649.99
Net Debt Issued (Repaid)	9.46	-530.35	-340.02	-30.99	-311.17
Issuance of Common Stock	-	662.92	-	-	-
Common Dividends Paid	-4.36	-5.12	-8.13	-11.41	-24.12
Other Financing Activities	549.64	325.44	143.89	-34.66	-46.98
Financing Cash Flow	554.73	452.89	-204.27	-77.05	-382.27
Foreign Exchange Rate Adjustments	4.78	8.04	0.64	4.74	-0.96
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	-183.02	42.93	-69.89	100.94	-37.09
Free Cash Flow	-731.21	155.65	133.73	173.25	341.74
Free Cash Flow Growth	-	16.39%	-22.81%	-49.30%	-
Free Cash Flow Margin	-33.25%	6.29%	5.68%	7.54%	17.14%
Free Cash Flow Per Share	-1.85	0.43	0.40	0.51	1.01
Cash Income Tax Paid	-	-70.67	34.77	40.2	41.94
Levered Free Cash Flow	-638.39	139.57	-191.43	146.37	-
Unlevered Free Cash Flow	-636.22	142.72	-187.4	151.97	-
Change in Working Capital	68.08	68.08	-8.85	-22.88	83.1

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