Kingdom 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	-45.38	163.61	175.7	88.22
Depreciation & Amortization	105.42	106.66	109.7	93.97
Loss (Gain) From Sale of Assets	4.93	2.76	10.61	0.47
Loss (Gain) on Equity Investments	0.92	-	-	-
Provision & Write-off of Bad Debts	-2.84	4.57	-0.59	-1.42
Other Operating Activities	164.62	42.89	78.05	69.92
Change in Accounts Receivable	24.43	-136.66	87.05	-135.47
Change in Inventory	-350.71	-349.35	-85.1	168.01
Change in Accounts Payable	-132.96	220.56	73.18	95.06
Change in Other Net Operating Assets	10.86	15.01	1.58	-19.93
Operating Cash Flow	-220.7	70.04	450.18	358.84
Operating Cash Flow Growth	-	-84.44%	25.45%	-
Capital Expenditures	-51.45	-91.22	-49.89	-118.57
Sale of Property, Plant & Equipment	9.53	7.11	7.34	4.16
Divestitures	18.1	-8.1	20.36	15
Sale (Purchase) of Real Estate	-	-5.13	-	-
Investment in Securities	-5.54	-	-	-
Other Investing Activities	-17.97	-	-2.39	-17.15
Investing Cash Flow	-47.33	-97.35	-24.58	-116.55
Long-Term Debt Issued	1,357	1,080	970.62	1,188
Long-Term Debt Repaid	-1,203	-963.88	-1,105	-1,318
Net Debt Issued (Repaid)	154.28	116.11	-134.23	-130.52
Common Dividends Paid	-51.76	-51.82	-32.35	-
Other Financing Activities	-41.14	-49.89	-37.81	-19.72
Financing Cash Flow	61.38	14.4	-204.38	-150.24
Foreign Exchange Rate Adjustments	-17.28	0.25	-2.96	-9.72
Net Cash Flow	-223.94	-12.66	218.26	82.33
Free Cash Flow	-272.15	-21.18	400.29	240.28
Free Cash Flow Growth	-	-	66.59%	-
Free Cash Flow Margin	-10.58%	-0.87%	19.81%	13.35%
Free Cash Flow Per Share	-0.44	-0.03	0.65	0.39
Cash Interest Paid	41.14	37.89	38.81	43.17
Cash Income Tax Paid	53.11	66.47	42.81	2.1
Levered Free Cash Flow	-253.83	-139.45	291.18	190.91
Unlevered Free Cash Flow	-228.16	-116.45	312.34	215.31
Change in Working Capital	-448.38	-250.44	76.71	107.68

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.