Alnera Aluminium 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	251.53	192.89	189.14	165.43	26.82
Depreciation & Amortization	71.53	49.95	42.4	32.67	26.29
Other Amortization	0.37	0.72	0.26	1.66	0.85
Loss (Gain) From Sale of Assets	-0.23	0.05	-0.37	-0.01	0
Asset Writedown & Restructuring Costs	15.39	0.48	21.33	13.26	1.29
Loss (Gain) From Sale of Investments	-0.77	-0.01	-0.01	-0	-
Provision & Write-off of Bad Debts	-	-	-	21.97	5.08
Other Operating Activities	13.38	46.66	57.31	58.09	10.38
Change in Accounts Receivable	242.79	-686.1	-1,308	-1,078	-121.75
Change in Inventory	-212.48	-135.95	10.62	-178.64	-62.94
Change in Accounts Payable	218.34	74.32	38.36	163.06	18.39
Change in Other Net Operating Assets	0.94	0.94	0.94	1.16	6.43
Operating Cash Flow	603.67	-457.74	-948.29	-802.83	-90.87
Capital Expenditures	-483.17	-289.45	-154.53	-206.3	-21.88
Sale of Property, Plant & Equipment	1.79	0.05	0.01	-	-
Cash Acquisitions	-	-	-	-	-3.92
Investment in Securities	-24.79	-17.9	-	-1.3	-
Other Investing Activities	1.14	0.01	-	-	-
Investing Cash Flow	-505.03	-307.3	-154.52	-207.6	-25.8
Short-Term Debt Issued	-	157.51	78.58	-	-
Long-Term Debt Issued	736.82	1,070	689.47	286.67	159.83
Total Debt Issued	736.82	1,227	768.05	286.67	159.83
Long-Term Debt Repaid	-927.2	-621.82	-278.34	-148.9	-99.51
Net Debt Issued (Repaid)	-190.38	605.39	489.71	137.77	60.32
Issuance of Common Stock	-	611.6	1.77	-	-
Common Dividends Paid	-121.35	-29.52	-9.81	-7.83	-3.96
Other Financing Activities	-83.91	-113.97	680.03	885.05	63.9
Financing Cash Flow	-395.64	1,073	1,162	1,015	120.26
Net Cash Flow	-297	308.45	58.9	4.57	3.58
Free Cash Flow	120.5	-747.19	-1,103	-1,009	-112.75
Free Cash Flow Margin	3.94%	-39.20%	-61.88%	-71.00%	-18.24%
Free Cash Flow Per Share	0.84	-6.56	-10.22	-9.35	-1.04
Cash Income Tax Paid	89.69	77.39	97.3	58.19	16.47
Levered Free Cash Flow	76.18	-420.88	-15.94	-858.7	-107.93
Unlevered Free Cash Flow	76.18	-397.85	15.72	-827.26	-100.16
Change in Working Capital	252.47	-748.49	-1,258	-1,096	-161.57

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