Yusei Holdings Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	89.73	79.1	55.36	51.52
Depreciation & Amortization	167.4	144.81	123.97	112.74
Other Amortization	4.68	3.97	3.48	3.2
Loss (Gain) From Sale of Assets	-2.04	-1.61	-0.11	0.32
Asset Writedown & Restructuring Costs	5.39	-	-	-
Loss (Gain) on Equity Investments	-5.94	-7.37	-7.11	-1.6
Provision & Write-off of Bad Debts	0.23	-1.07	5.08	0.17
Other Operating Activities	-26.96	2.39	5.4	1.96
Change in Accounts Receivable	-104.88	-61.44	-201.22	-40.99
Change in Inventory	-15.81	73.92	-89.62	-105.75
Change in Accounts Payable	210.76	110.67	203.81	62.07
Change in Other Net Operating Assets	3.15	-2.88	-0.26	1.25
Operating Cash Flow	325.69	340.47	98.77	84.89
Operating Cash Flow Growth	-4.34%	244.70%	16.35%	-56.48%
Capital Expenditures	-213.75	-294.86	-295.39	-189.31
Sale of Property, Plant & Equipment	11.13	4.89	1.13	3.62
Sale (Purchase) of Intangibles	-4.1	-2.25	-2.92	-4.1
Investment in Securities	-1.5	-	-	-1.5
Other Investing Activities	-37.69	-85.02	-16.44	-0.51
Investing Cash Flow	-245.91	-377.25	-313.61	-191.79
Long-Term Debt Issued	648.87	585.46	625.1	439.85
Total Debt Issued	648.87	585.46	625.1	439.85
Long-Term Debt Repaid	-595.22	-547.37	-385.98	-332.34
Total Debt Repaid	-595.22	-547.37	-385.98	-332.34
Net Debt Issued (Repaid)	53.65	38.09	239.13	107.51
Common Dividends Paid	-8.64	-8.12	-8.26	-8.29
Other Financing Activities	5.02	6	-1.43	-1.77
Financing Cash Flow	50.02	35.97	229.44	97.45
Foreign Exchange Rate Adjustments	0.85	0.35	0.82	-0.17
Net Cash Flow	130.65	-0.47	15.41	-9.62
Free Cash Flow	111.95	45.61	-196.62	-104.42
Free Cash Flow Growth	145.46%	-	-	-
Free Cash Flow Margin	5.53%	2.35%	-11.13%	-7.14%
Free Cash Flow Per Share	0.18	0.07	-0.31	-0.16
Cash Interest Paid	30.88	37.48	24.94	13.34
Cash Income Tax Paid	21.71	-1.29	-1.87	6.44
Levered Free Cash Flow	116.56	-13.06	-232.47	-145.97
Unlevered Free Cash Flow	135.39	9.97	-217.43	-134.93
Change in Working Capital	93.22	120.26	-87.29	-83.42

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