Zensun Enterprises 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	-2,182	-2,298	-2,946	399.47
Depreciation & Amortization	14.23	11.19	20.04	2.16
Asset Writedown & Restructuring Costs	30.08	308.33	105.05	0.1
Loss (Gain) From Sale of Investments	89.3	-40.32	207.04	-112.62
Provision & Write-off of Bad Debts	28.27	4.59	11.6	-
Other Operating Activities	2,109	2,209	2,635	-165.78
Change in Accounts Receivable	555.86	142.9	-376.65	-574.78
Change in Inventory	5,447	15,084	2,993	-382.11
Change in Accounts Payable	789.68	-318.11	1,513	-959.59
Change in Unearned Revenue	-6,892	-13,240	-148.85	6,657
Change in Other Net Operating Assets	642.24	181.76	1,312	616.95
Operating Cash Flow	630.76	2,045	5,325	5,481
Operating Cash Flow Growth	-69.16%	-61.59%	-2.84%	197.37%
Capital Expenditures	-0.01	-0.17	-4.81	-2.81
Sale (Purchase) of Real Estate	22.24	-	-	-
Other Investing Activities	2.55	8.1	7.49	34.96
Investing Cash Flow	24.78	7.93	2.68	32.15
Short-Term Debt Issued	524.01	1,364	1,658	1,842
Long-Term Debt Issued	350.42	1,507	1,749	5,241
Total Debt Issued	874.43	2,870	3,407	7,083
Short-Term Debt Repaid	-141.52	-1,154	-3,558	-4,137
Long-Term Debt Repaid	-1,504	-3,034	-5,859	-8,480
Total Debt Repaid	-1,646	-4,187	-9,416	-12,616
Net Debt Issued (Repaid)	-771.49	-1,317	-6,009	-5,533
Common Dividends Paid	-	-	-	-153.49
Other Financing Activities	-95.1	-701.4	-671.06	-1,204
Financing Cash Flow	-866.59	-2,019	-6,680	-6,891
Foreign Exchange Rate Adjustments	0.3	5.47	1.43	-1.27
Net Cash Flow	-210.75	40.1	-1,351	-1,380
Free Cash Flow	630.75	2,045	5,320	5,478
Free Cash Flow Growth	-69.16%	-61.56%	-2.88%	197.96%
Free Cash Flow Margin	6.61%	10.21%	55.09%	40.81%
Free Cash Flow Per Share	0.33	1.07	2.78	2.86
Cash Interest Paid	102.3	708	749.42	1,347
Cash Income Tax Paid	69.7	254.84	326.36	650.85
Levered Free Cash Flow	942.14	2,586	5,695	4,979
Unlevered Free Cash Flow	1,123	2,860	5,767	5,035
Change in Working Capital	542.09	1,851	5,292	5,357

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