Fufeng Group 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	2,312	3,144	3,861	1,281
Depreciation & Amortization	1,206	1,118	1,154	1,239
Other Amortization	7.55	6.01	5.67	6.13
Loss (Gain) From Sale of Assets	8.55	-160.75	11.53	1.59
Asset Writedown & Restructuring Costs	0.83	93.11	4.6	-
Loss (Gain) From Sale of Investments	4.77	-	-	-
Loss (Gain) on Equity Investments	0.11	0.19	8.76	10.22
Stock-Based Compensation	1.02	1.08	0.79	-2.4
Provision & Write-off of Bad Debts	-7.17	2.45	-11.16	16.71
Other Operating Activities	-440.57	-452.49	-156.02	26.08
Change in Accounts Receivable	-897.95	-904.52	-117.13	545.16
Change in Inventory	-38.73	-359.62	-1,290	-845.01
Change in Accounts Payable	647.25	54.63	65.71	318.82
Change in Unearned Revenue	207.56	-244.18	100.52	180.76
Change in Other Net Operating Assets	-56.34	-592.67	-38.37	-3
Operating Cash Flow	2,955	1,705	3,600	2,774
Operating Cash Flow Growth	73.34%	-52.64%	29.76%	1249.31%
Capital Expenditures	-1,193	-2,161	-988.12	-497.9
Sale of Property, Plant & Equipment	14.12	5.94	8.04	0.79
Divestitures	51.5	164.47	-	-
Sale (Purchase) of Intangibles	-28.79	-162.36	-39.6	-4.68
Investment in Securities	-565.94	100	204.53	-112.88
Other Investing Activities	621.39	539.35	167.52	65.13
Investing Cash Flow	-1,100	-1,514	-647.64	-549.54
Long-Term Debt Issued	14,160	13,467	7,733	5,251
Long-Term Debt Repaid	-12,562	-9,677	-6,279	-4,433
Net Debt Issued (Repaid)	1,599	3,790	1,455	817.72
Issuance of Common Stock	1.47	1.48	7.05	-
Repurchase of Common Stock	-74.96	-44.24	-	-
Common Dividends Paid	-1,219	-1,284	-1,079	-292.65
Other Financing Activities	790.9	-2,900	-290	-
Financing Cash Flow	1,097	-436.59	92.41	525.07
Foreign Exchange Rate Adjustments	93.74	93.65	420.79	-38.7
Net Cash Flow	3,046	-151.94	3,466	2,711
Free Cash Flow	1,763	-456.39	2,612	2,277
Free Cash Flow Growth	-	-	14.74%	-
Free Cash Flow Margin	6.35%	-1.63%	9.51%	10.57%
Free Cash Flow Per Share	0.70	-0.18	1.03	0.90
Cash Interest Paid	210.06	186.09	180.75	189.05
Cash Income Tax Paid	420.99	691.13	765.43	155.66
Levered Free Cash Flow	2,340	-2,730	2,112	1,786
Unlevered Free Cash Flow	2,468	-2,627	2,261	1,894
Change in Working Capital	-138.2	-2,046	-1,279	196.73

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