Jinmao Property Services 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	372.46	337.32	336	177.98
Depreciation & Amortization	57.13	44.56	32.97	18.88
Other Amortization	-	-	7.09	3.1
Loss (Gain) From Sale of Assets	0.76	-0.01	0.27	0.51
Asset Writedown & Restructuring Costs	5.46	-1.67	-18.36	1.21
Loss (Gain) From Sale of Investments	-0.22	-	-	-
Stock-Based Compensation	-	0.08	-0.39	3.98
Provision & Write-off of Bad Debts	38.12	11.79	10.7	2.26
Other Operating Activities	-26.77	25.82	-2.42	-23.68
Change in Accounts Receivable	-65.65	-133.53	-345.27	-213.03
Change in Inventory	-0.47	0.14	0.08	0.21
Change in Accounts Payable	96.99	146.77	260.92	58.91
Change in Unearned Revenue	84.67	116.47	53.24	107.55
Change in Other Net Operating Assets	-29.47	-96.94	-180.76	209.54
Operating Cash Flow	533	450.78	154.08	347.43
Operating Cash Flow Growth	18.24%	192.56%	-55.65%	155.00%
Capital Expenditures	-21.96	-32.33	-59.86	-34.51
Sale of Property, Plant & Equipment	43.19	1.13	0.01	0.28
Cash Acquisitions	-278.27	-	-289.04	-
Sale (Purchase) of Intangibles	-14.17	-23.65	-10.69	-2.72
Investment in Securities	106.99	-	-	-
Other Investing Activities	-	-	-	1,113
Investing Cash Flow	-164.23	-54.85	-359.59	1,076
Long-Term Debt Repaid	-11.82	-9.96	-9.21	-1,089
Net Debt Issued (Repaid)	-11.82	-9.96	-9.21	-1,089
Issuance of Common Stock	-	-	684.53	-
Common Dividends Paid	-208.78	-159.25	-99.85	-5.26
Other Financing Activities	-0.8	6.31	89.52	-46.99
Financing Cash Flow	-221.4	-162.89	664.98	-1,141
Foreign Exchange Rate Adjustments	0.04	0.04	5.86	-
Net Cash Flow	147.42	233.08	465.34	282.8
Free Cash Flow	511.04	418.45	94.22	312.92
Free Cash Flow Growth	22.13%	344.10%	-69.89%	178.43%
Free Cash Flow Margin	17.23%	15.47%	3.87%	20.65%
Free Cash Flow Per Share	0.56	0.46	0.11	0.39
Cash Interest Paid	8.07	1.23	1.58	34.68
Cash Income Tax Paid	108.23	89.4	111.95	97.43
Levered Free Cash Flow	464.79	385.75	-81.38	535.39
Unlevered Free Cash Flow	464.79	385.75	-80.39	556.46
Change in Working Capital	86.07	32.9	-211.78	163.18

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