REFIRE (02570) Cash Flow Statement

38.320
+1.920+5.27%

Trading May 22 14:16 CST

3.57BMarket Cap-5.35P/E (TTM)

REFIRE (02570) Cash Flow

All

YOY

Hide blank lines

(FY)Dec 31, 2025

(Q6)Jun 30, 2025

(FY)Dec 31, 2024

(Q6)Jun 30, 2024

(FY)Dec 31, 2023

(Q9)Sep 30, 2023

(FY)Dec 31, 2022

(Q9)Sep 30, 2022

(FY)Dec 31, 2021

Cash flow from operating activities

Earning before tax

19.47%-627.84M

28.05%-352.41M

-34.47%-779.61M

---489.82M

-6.29%-579.77M

-3.45%-462.78M

16.12%-545.47M

---447.35M

---650.3M

Profit adjustment

Interest (income) - adjustment

-124.59%-13.7M

-130.70%-7.09M

62.26%-6.1M

---3.07M

10.29%-16.17M

3.59%-13.38M

-141.18%-18.02M

---13.88M

---7.47M

Investment loss (gain)

---3.58M

----

-37.93%-1.27M

---1.27M

---920K

----

Attributable subsidiary (profit) loss

123.29%33.9M

3.23%7.09M

293.83%15.18M

--6.86M

-82.02%3.86M

-85.61%3.06M

161.02%21.45M

--21.25M

--8.22M

Impairment and provisions:

123.68%265.62M

72.34%108.71M

3.99%118.75M

--63.08M

5.07%114.19M

-24.83%53.45M

-49.94%108.68M

--71.1M

--217.11M

-Impairment of property, plant and equipment (reversal)

----

--10.42M

-Impairmen of inventory (reversal)

-35.50%22.31M

90.54%19.12M

8.87%34.58M

--10.04M

-61.32%31.77M

-59.80%20.81M

72.25%82.11M

--51.76M

--47.67M

-Other impairments and provisions

189.10%243.31M

68.90%89.59M

2.11%84.16M

--53.05M

210.26%82.43M

68.76%32.64M

-83.29%26.57M

--19.34M

--159.02M

Revaluation surplus:

108.96%2.34M

50.56%3.38M

-938.33%-26.16M

--2.25M

-83.40%3.12M

-100.51%-95K

10,894.15%18.8M

--18.8M

--171K

-Derivative financial instruments fair value (increase)

----

3,142.34%19.68M

--19.68M

--607K

-Other fair value changes

108.96%2.34M

50.56%3.38M

-938.33%-26.16M

--2.25M

454.14%3.12M

89.22%-95K

-102.06%-881K

---881K

---436K

Asset sale loss (gain):

-1,639.25%-13.61M

40,082.50%15.99M

213.48%884K

---40K

68.29%-779K

58.73%-1.29M

81.35%-2.46M

---3.13M

---13.17M

-Available for sale investment sale loss (gain)

--15.44M

----

--719K

----

-Loss (gain) from sale of subsidiary company

---30.68M

255.89%1.48M

----

---950K

44.07%-2.01M

33.38%-2.01M

72.71%-3.59M

---3.02M

---13.17M

-Loss (gain) on sale of property, machinery and equipment

85.52%1.64M

-201.43%-923K

72.66%884K

--910K

-54.97%512K

----

--1.14M

---111K

----

Depreciation and amortization:

15.01%140.66M

-14.55%58.89M

1.40%122.31M

--68.93M

13.40%120.62M

13.65%88.1M

23.02%106.37M

--77.52M

--86.47M

-Amortization of intangible assets

-23.21%7.44M

-29.84%3.8M

0.11%9.69M

--5.41M

22.80%9.68M

30.84%7.25M

20.88%7.88M

--5.54M

--6.52M

Financial expense

4.04%59.92M

23.28%34.59M

20.17%57.59M

--28.06M

-2.23%47.93M

-2.96%36.14M

-2.08%49.02M

--37.24M

--50.06M

Special items

-86.39%44.31M

-104.29%-6.71M

330.68%325.71M

--156.39M

294.44%75.63M

403.81%50.37M

-17.08%19.17M

--10M

--23.12M

Operating profit before the change of operating capital

34.69%-111.97M

17.82%-137.54M

26.31%-171.44M

---167.37M

4.41%-232.64M

-8.43%-247.69M

14.84%-243.38M

---228.44M

---285.8M

Change of operating capital

Inventory (increase) decrease

143.19%39.55M

106.86%6.72M

-1,828.96%-91.58M

---97.98M

105.35%5.3M

28.10%-179.44M

9.57%-99.08M

---249.58M

---109.56M

Accounts receivable (increase)decrease

101.49%6.06M

1,326.64%112.52M

23.05%-405.95M

--7.89M

-49.09%-527.53M

-379.35%-99.08M

25.78%-353.83M

--35.47M

---476.73M

Accounts payable increase (decrease)

-143.53%-94.67M

345.78%126.52M

78.54%217.49M

---51.48M

327.81%121.81M

-893.32%-106.23M

97.63%28.47M

---10.69M

--14.41M

prepayments (increase)decrease

6.65%46.1M

-90.79%8.95M

133.56%43.23M

--97.2M

-4,530.59%-128.82M

28.54%-46.37M

-105.38%-2.78M

---64.89M

--51.69M

Special items for working capital changes

-762.60%-64.35M

-159.75%-29.12M

-68.61%9.71M

--48.73M

148.53%30.94M

343.65%45.48M

-291.44%-63.75M

---18.67M

--33.3M

Cash from business operations

55.02%-179.27M

154.01%88.04M

45.48%-398.55M

---163M

0.46%-730.96M

-17.98%-633.33M

4.96%-734.35M

---536.8M

---772.69M

Other taxs

76.10%-185K

-11.43%-39K

67.80%-774K

---35K

75.07%-2.4M

-12.74%-3.52M

-222.33%-9.64M

---3.13M

---2.99M

Interest received - operating

124.59%13.7M

130.70%7.09M

-59.20%6.1M

--3.07M

-6.15%14.96M

-12.32%11.7M

113.26%15.94M

--13.34M

--7.47M

Net cash from operations

57.85%-165.75M

159.44%95.09M

45.26%-393.22M

---159.96M

1.33%-718.41M

-18.72%-625.16M

5.23%-728.06M

---526.58M

---768.21M

Cash flow from investment activities

Decrease in deposits (increase)

---14.73M

----

206.59%53.3M

----

---50M

---20M

----

Sale of fixed assets

222.83%29.08M

-97.81%40K

98.87%9.01M

--1.83M

46.74%4.53M

6.22%2.24M

--3.09M

--2.11M

----

Purchase of fixed assets

-349.51%-272.54M

-165.05%-65.67M

57.34%-60.63M

---24.78M

-16.49%-142.12M

-54.13%-65.63M

21.17%-122M

---42.58M

---154.77M

Purchase of intangible assets

49.52%-530K

----

45.65%-1.05M

---564K

57.04%-1.93M

30.47%-1.78M

61.92%-4.5M

---2.56M

---11.81M

Sale of subsidiaries

----

--8.25M

----

--10M

Acquisition of subsidiaries

191.28%3.82M

64.17%-1.5M

---4.19M

----

Recovery of cash from investments

421.72%3.58M

10,646.06%73.72M

-99.80%686K

--686K

-59.92%337.07M

23.97%309.92M

--840.92M

--250M

----

Cash on investment

-25.11%-192.49M

-41.45%-72.08M

-47.74%-153.86M

---50.96M

91.52%-104.15M

94.48%-47.9M

-4,150.08%-1.23B

---867.79M

---28.89M

Other items in the investment business

--76.24M

----

---38.14M

----

Net cash from investment operations

-75.01%-367.57M

16.01%-65.49M

-279.81%-210.03M

---77.98M

120.85%116.8M

128.91%196.85M

-202.13%-560.34M

---680.82M

---185.47M

Net cash before financing

11.59%-533.32M

112.44%29.59M

-0.27%-603.25M

---237.94M

53.31%-601.6M

64.53%-428.3M

-35.10%-1.29B

---1.21B

---953.68M

Cash flow from financing activities

New borrowing

-10.03%703.47M

370.69%531.88M

39.36%781.91M

--113M

-10.09%561.06M

6.55%419.8M

-1.91%624M

--394M

--636.13M

Refund

-57.28%-846.64M

-150.97%-376.23M

-102.83%-538.28M

---149.91M

61.74%-265.38M

58.24%-238.7M

-193.08%-693.63M

---571.54M

---236.67M

Issuing shares

-43.43%354.17M

--3.15M

--626.09M

----

Interest paid - financing

-15.81%-49.46M

-15.48%-21.2M

-26.53%-42.71M

---18.36M

3.90%-33.75M

23.12%-25.91M

-62.75%-35.12M

---33.7M

---21.58M

Absorb investment income

-44.85%18.76M

-14.78%16.2M

3,301.00%34.01M

--19.01M

-99.95%1M

----

12,578.89%2.22B

--1.7B

--17.5M

Issuance expenses and redemption of securities expenses

85.17%-2.56M

----

-645.00%-17.27M

---43K

---2.32M

----

Other items of the financing business

----

-1,450.79%-60M

---60M

55.60%-3.87M

----

---8.71M

Net cash from financing operations

-81.56%151.48M

403.46%142.75M

352.90%821.62M

---47.04M

-91.31%181.41M

-94.55%80.69M

466.95%2.09B

--1.48B

--368.35M

Effect of rate

-828.03%-3.48M

-726.31%-4.59M

-90.88%478K

---555K

61.52%5.24M

28.85%4.1M

588.86%3.25M

--3.18M

---664K

Net Cash

-274.86%-381.84M

160.48%172.34M

151.97%218.37M

---284.98M

-152.52%-420.19M

-226.99%-347.61M

236.68%799.99M

--273.72M

---585.32M

Begining period cash

32.93%883.36M

-38.44%664.51M

--664.51M

290.80%1.08B

-67.96%276.22M

--276.22M

--862.21M

Cash at the end

-43.62%498.04M

177.35%1.05B

32.93%883.36M

--378.98M

-38.44%664.51M

33.05%735.94M

290.80%1.08B

--553.12M

--276.22M

Cash balance analysis

Currency Unit

CNY

Accounting Standards

IAS

Audit Opinions

Unqualified Opinion

Auditor

Ernst & Young

	(FY)Dec 31, 2025	(Q6)Jun 30, 2025	(FY)Dec 31, 2024	(Q6)Jun 30, 2024	(FY)Dec 31, 2023	(Q9)Sep 30, 2023	(FY)Dec 31, 2022	(Q9)Sep 30, 2022	(FY)Dec 31, 2021
Cash flow from operating activities
Earning before tax	19.47%-627.84M	28.05%-352.41M	-34.47%-779.61M	---489.82M	-6.29%-579.77M	-3.45%-462.78M	16.12%-545.47M	---447.35M	---650.3M
Profit adjustment
Interest (income) - adjustment	-124.59%-13.7M	-130.70%-7.09M	62.26%-6.1M	---3.07M	10.29%-16.17M	3.59%-13.38M	-141.18%-18.02M	---13.88M	---7.47M
Investment loss (gain)	---3.58M	----	----	----	-37.93%-1.27M	---1.27M	---920K	----	----
Attributable subsidiary (profit) loss	123.29%33.9M	3.23%7.09M	293.83%15.18M	--6.86M	-82.02%3.86M	-85.61%3.06M	161.02%21.45M	--21.25M	--8.22M
Impairment and provisions:	123.68%265.62M	72.34%108.71M	3.99%118.75M	--63.08M	5.07%114.19M	-24.83%53.45M	-49.94%108.68M	--71.1M	--217.11M
-Impairment of property, plant and equipment (reversal)	----	----	----	----	----	----	----	----	--10.42M
-Impairmen of inventory (reversal)	-35.50%22.31M	90.54%19.12M	8.87%34.58M	--10.04M	-61.32%31.77M	-59.80%20.81M	72.25%82.11M	--51.76M	--47.67M
-Other impairments and provisions	189.10%243.31M	68.90%89.59M	2.11%84.16M	--53.05M	210.26%82.43M	68.76%32.64M	-83.29%26.57M	--19.34M	--159.02M
Revaluation surplus:	108.96%2.34M	50.56%3.38M	-938.33%-26.16M	--2.25M	-83.40%3.12M	-100.51%-95K	10,894.15%18.8M	--18.8M	--171K
-Derivative financial instruments fair value (increase)	----	----	----	----	----	----	3,142.34%19.68M	--19.68M	--607K
-Other fair value changes	108.96%2.34M	50.56%3.38M	-938.33%-26.16M	--2.25M	454.14%3.12M	89.22%-95K	-102.06%-881K	---881K	---436K
Asset sale loss (gain):	-1,639.25%-13.61M	40,082.50%15.99M	213.48%884K	---40K	68.29%-779K	58.73%-1.29M	81.35%-2.46M	---3.13M	---13.17M
-Available for sale investment sale loss (gain)	--15.44M	--15.44M	----	----	--719K	--719K	----	----	----
-Loss (gain) from sale of subsidiary company	---30.68M	255.89%1.48M	----	---950K	44.07%-2.01M	33.38%-2.01M	72.71%-3.59M	---3.02M	---13.17M
-Loss (gain) on sale of property, machinery and equipment	85.52%1.64M	-201.43%-923K	72.66%884K	--910K	-54.97%512K	----	--1.14M	---111K	----
Depreciation and amortization:	15.01%140.66M	-14.55%58.89M	1.40%122.31M	--68.93M	13.40%120.62M	13.65%88.1M	23.02%106.37M	--77.52M	--86.47M
-Amortization of intangible assets	-23.21%7.44M	-29.84%3.8M	0.11%9.69M	--5.41M	22.80%9.68M	30.84%7.25M	20.88%7.88M	--5.54M	--6.52M
Financial expense	4.04%59.92M	23.28%34.59M	20.17%57.59M	--28.06M	-2.23%47.93M	-2.96%36.14M	-2.08%49.02M	--37.24M	--50.06M
Special items	-86.39%44.31M	-104.29%-6.71M	330.68%325.71M	--156.39M	294.44%75.63M	403.81%50.37M	-17.08%19.17M	--10M	--23.12M
Operating profit before the change of operating capital	34.69%-111.97M	17.82%-137.54M	26.31%-171.44M	---167.37M	4.41%-232.64M	-8.43%-247.69M	14.84%-243.38M	---228.44M	---285.8M
Change of operating capital
Inventory (increase) decrease	143.19%39.55M	106.86%6.72M	-1,828.96%-91.58M	---97.98M	105.35%5.3M	28.10%-179.44M	9.57%-99.08M	---249.58M	---109.56M
Accounts receivable (increase)decrease	101.49%6.06M	1,326.64%112.52M	23.05%-405.95M	--7.89M	-49.09%-527.53M	-379.35%-99.08M	25.78%-353.83M	--35.47M	---476.73M
Accounts payable increase (decrease)	-143.53%-94.67M	345.78%126.52M	78.54%217.49M	---51.48M	327.81%121.81M	-893.32%-106.23M	97.63%28.47M	---10.69M	--14.41M
prepayments (increase)decrease	6.65%46.1M	-90.79%8.95M	133.56%43.23M	--97.2M	-4,530.59%-128.82M	28.54%-46.37M	-105.38%-2.78M	---64.89M	--51.69M
Special items for working capital changes	-762.60%-64.35M	-159.75%-29.12M	-68.61%9.71M	--48.73M	148.53%30.94M	343.65%45.48M	-291.44%-63.75M	---18.67M	--33.3M
Cash from business operations	55.02%-179.27M	154.01%88.04M	45.48%-398.55M	---163M	0.46%-730.96M	-17.98%-633.33M	4.96%-734.35M	---536.8M	---772.69M
Other taxs	76.10%-185K	-11.43%-39K	67.80%-774K	---35K	75.07%-2.4M	-12.74%-3.52M	-222.33%-9.64M	---3.13M	---2.99M
Interest received - operating	124.59%13.7M	130.70%7.09M	-59.20%6.1M	--3.07M	-6.15%14.96M	-12.32%11.7M	113.26%15.94M	--13.34M	--7.47M
Net cash from operations	57.85%-165.75M	159.44%95.09M	45.26%-393.22M	---159.96M	1.33%-718.41M	-18.72%-625.16M	5.23%-728.06M	---526.58M	---768.21M
Cash flow from investment activities
Decrease in deposits (increase)	---14.73M	----	----	----	206.59%53.3M	----	---50M	---20M	----
Sale of fixed assets	222.83%29.08M	-97.81%40K	98.87%9.01M	--1.83M	46.74%4.53M	6.22%2.24M	--3.09M	--2.11M	----
Purchase of fixed assets	-349.51%-272.54M	-165.05%-65.67M	57.34%-60.63M	---24.78M	-16.49%-142.12M	-54.13%-65.63M	21.17%-122M	---42.58M	---154.77M
Purchase of intangible assets	49.52%-530K	----	45.65%-1.05M	---564K	57.04%-1.93M	30.47%-1.78M	61.92%-4.5M	---2.56M	---11.81M
Sale of subsidiaries	----	----	----	----	--8.25M	----	----	----	--10M
Acquisition of subsidiaries	191.28%3.82M	64.17%-1.5M	---4.19M	---4.19M	----	----	----	----	----
Recovery of cash from investments	421.72%3.58M	10,646.06%73.72M	-99.80%686K	--686K	-59.92%337.07M	23.97%309.92M	--840.92M	--250M	----
Cash on investment	-25.11%-192.49M	-41.45%-72.08M	-47.74%-153.86M	---50.96M	91.52%-104.15M	94.48%-47.9M	-4,150.08%-1.23B	---867.79M	---28.89M
Other items in the investment business	--76.24M	----	----	----	---38.14M	----	----	----	----
Net cash from investment operations	-75.01%-367.57M	16.01%-65.49M	-279.81%-210.03M	---77.98M	120.85%116.8M	128.91%196.85M	-202.13%-560.34M	---680.82M	---185.47M
Net cash before financing	11.59%-533.32M	112.44%29.59M	-0.27%-603.25M	---237.94M	53.31%-601.6M	64.53%-428.3M	-35.10%-1.29B	---1.21B	---953.68M
Cash flow from financing activities
New borrowing	-10.03%703.47M	370.69%531.88M	39.36%781.91M	--113M	-10.09%561.06M	6.55%419.8M	-1.91%624M	--394M	--636.13M
Refund	-57.28%-846.64M	-150.97%-376.23M	-102.83%-538.28M	---149.91M	61.74%-265.38M	58.24%-238.7M	-193.08%-693.63M	---571.54M	---236.67M
Issuing shares	-43.43%354.17M	--3.15M	--626.09M	----	----	----	----	----	----
Interest paid - financing	-15.81%-49.46M	-15.48%-21.2M	-26.53%-42.71M	---18.36M	3.90%-33.75M	23.12%-25.91M	-62.75%-35.12M	---33.7M	---21.58M
Absorb investment income	-44.85%18.76M	-14.78%16.2M	3,301.00%34.01M	--19.01M	-99.95%1M	----	12,578.89%2.22B	--1.7B	--17.5M
Issuance expenses and redemption of securities expenses	85.17%-2.56M	----	-645.00%-17.27M	---43K	---2.32M	----	----	----	----
Other items of the financing business	----	----	----	----	-1,450.79%-60M	---60M	55.60%-3.87M	----	---8.71M
Net cash from financing operations	-81.56%151.48M	403.46%142.75M	352.90%821.62M	---47.04M	-91.31%181.41M	-94.55%80.69M	466.95%2.09B	--1.48B	--368.35M
Effect of rate	-828.03%-3.48M	-726.31%-4.59M	-90.88%478K	---555K	61.52%5.24M	28.85%4.1M	588.86%3.25M	--3.18M	---664K
Net Cash	-274.86%-381.84M	160.48%172.34M	151.97%218.37M	---284.98M	-152.52%-420.19M	-226.99%-347.61M	236.68%799.99M	--273.72M	---585.32M
Begining period cash	32.93%883.36M	32.93%883.36M	-38.44%664.51M	--664.51M	290.80%1.08B	290.80%1.08B	-67.96%276.22M	--276.22M	--862.21M
Cash at the end	-43.62%498.04M	177.35%1.05B	32.93%883.36M	--378.98M	-38.44%664.51M	33.05%735.94M	290.80%1.08B	--553.12M	--276.22M
Cash balance analysis
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	IAS	IAS	IAS	IAS	IAS	IAS	IAS	IAS	IAS
Audit Opinions	--	--	Unqualified Opinion	--	Unqualified Opinion	--	Unqualified Opinion	--	Unqualified Opinion
Auditor	--	--	Ernst & Young	--	Ernst & Young	--	Ernst & Young	--	Ernst & Young

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

China and the United States have successively adjusted multiple tariff and non-tariff measures, beginning to implement the consensus outcome Show More

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[Opportunity Express] The US-China rivalry escalates! The rare earth industry becomes a "game-changer." How should investors respond?

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"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"