China Tontine Wines Group Limited (HKG:0389)

China Tontine Wines Group Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-321.3	-80.2	-26.4	11.34
Depreciation & Amortization	2	20.65	18.84	17.01
Loss (Gain) From Sale of Assets	-	-	-3.72	-0.02
Asset Writedown & Restructuring Costs	116.41	12.32	-2.24	-4.3
Stock-Based Compensation	9.96	0.49	-	2.33
Provision & Write-off of Bad Debts	29.28	12.2	2.35	0.98
Other Operating Activities	136.92	31.04	6.01	2.62
Change in Accounts Receivable	11.29	3.04	-16.09	-53.99
Change in Inventory	57.69	22.53	38.48	29.39
Change in Accounts Payable	6.39	6.69	-15.76	12.64
Change in Other Net Operating Assets	-142.89	-5.08	-8.49	3.71
Operating Cash Flow	-94.25	23.67	-7.03	21.7
Capital Expenditures	-0.54	-5.37	-23.4	-6.15
Sale of Property, Plant & Equipment	-	1.9	2.05	0.03
Cash Acquisitions	-	-	-	0
Other Investing Activities	0.06	0.34	0.24	0.21
Investing Cash Flow	-0.48	-3.14	-21.11	-5.91
Short-Term Debt Issued	-	7.15	0.37	2.18
Long-Term Debt Issued	-	-	-	32.2
Total Debt Issued	-	7.15	0.37	34.37
Short-Term Debt Repaid	-	-	-1.09	-
Long-Term Debt Repaid	-	-3.1	-2.63	-1.74
Total Debt Repaid	-	-3.1	-3.72	-1.74
Net Debt Issued (Repaid)	-	4.05	-3.35	32.63
Issuance of Common Stock	-	-	16.52	-
Financing Cash Flow	-	4.05	13.17	32.63
Net Cash Flow	-94.73	24.59	-14.97	48.42
Free Cash Flow	-94.79	18.3	-30.43	15.55
Free Cash Flow Margin	-87.78%	9.68%	-20.83%	7.46%
Free Cash Flow Per Share	-0.31	0.06	-0.10	0.07
Cash Income Tax Paid	0.18	-	-	-
Levered Free Cash Flow	-41.01	52.61	-21.8	8.31
Unlevered Free Cash Flow	-41	52.72	-21.72	8.41
Change in Working Capital	-67.53	27.19	-1.87	-8.25

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