China Qinfa 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	501.94	200.35	456.54	2,794
Depreciation & Amortization	990.47	935.15	963.04	-997.33
Loss (Gain) From Sale of Assets	-5.07	0.05	0.21	-27.12
Asset Writedown & Restructuring Costs	14.93	32.71	-	-559.25
Loss (Gain) From Sale of Investments	-9.81	-	-0.44	-
Provision & Write-off of Bad Debts	-	-	-	-12.31
Other Operating Activities	-760.01	-84.38	-37.34	983.48
Change in Accounts Receivable	-12.49	118.17	2.29	260.03
Change in Inventory	-239.72	253.26	-224.83	-157.8
Change in Accounts Payable	-70.73	3.98	74.62	-349.87
Change in Unearned Revenue	3.55	18.29	-	-
Change in Other Net Operating Assets	53.87	-17.28	-249.67	-45.52
Operating Cash Flow	466.93	1,460	984.43	1,888
Operating Cash Flow Growth	-68.03%	48.34%	-47.85%	258.17%
Capital Expenditures	-851.46	-1,081	-731.11	-136.71
Sale of Property, Plant & Equipment	8.28	0.33	0.3	156.36
Cash Acquisitions	-	-	-	-23.64
Investment in Securities	-	-	20.55	-20.11
Other Investing Activities	231.02	-761.67	-125.38	5.34
Investing Cash Flow	-612.16	-1,843	-835.63	-18.77
Long-Term Debt Issued	531.1	1,132	641.87	653.8
Long-Term Debt Repaid	-2,648	-1,344	-949.69	-1,644
Net Debt Issued (Repaid)	-2,117	-212.07	-307.81	-989.73
Issuance of Common Stock	15.65	-	-	-
Other Financing Activities	2,925	-	-	-
Financing Cash Flow	823.72	-212.07	-307.81	-989.73
Foreign Exchange Rate Adjustments	44.32	41.3	-15.43	-3.84
Net Cash Flow	722.81	-553.27	-174.44	875.54
Free Cash Flow	-384.53	378.85	253.32	1,751
Free Cash Flow Growth	-	49.55%	-85.53%	332.79%
Free Cash Flow Margin	-14.78%	10.98%	6.68%	38.41%
Free Cash Flow Per Share	-0.15	0.14	0.10	0.67
Cash Interest Paid	221.49	118.37	155.91	127.75
Cash Income Tax Paid	232.73	303.99	405.92	175.01
Levered Free Cash Flow	807.11	284.8	-56.01	717.87
Unlevered Free Cash Flow	831.84	326.28	13.64	814.47
Change in Working Capital	-265.52	376.42	-397.58	-293.16

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