Shuanghua 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	-16.9	-12.11	-19.95	-18.58
Depreciation & Amortization	12.81	12.53	12.56	12.47
Loss (Gain) From Sale of Assets	-0.03	-0.83	0.03	2.37
Asset Writedown & Restructuring Costs	0.76	0.58	-	-
Loss (Gain) From Sale of Investments	-2.42	-0.46	1.06	0.87
Provision & Write-off of Bad Debts	2.33	1.9	2.03	5.23
Other Operating Activities	1.02	9.69	1.94	-5.48
Change in Accounts Receivable	32.18	-44.08	-0.7	0.96
Change in Inventory	2.15	-2.15	2.05	4.68
Change in Accounts Payable	-20.85	18.5	0.44	3.9
Change in Other Net Operating Assets	4.18	-4.98	-4.51	-4.22
Operating Cash Flow	15.23	-21.41	-5.06	2.2
Capital Expenditures	-1.22	-2.74	-2.79	-30.51
Sale of Property, Plant & Equipment	0.06	1.05	0.05	2.03
Divestitures	-	-	-0.11	-1.29
Investment in Securities	-68.44	-	-	55
Other Investing Activities	0.67	0.37	0.37	56.42
Investing Cash Flow	-68.93	-1.32	-2.49	81.65
Long-Term Debt Repaid	-0.75	-0.72	-0.88	-0.84
Net Debt Issued (Repaid)	-0.75	-0.72	-0.88	-0.84
Other Financing Activities	-0.02	-0.05	-0.02	-4.66
Financing Cash Flow	-0.77	-0.77	-0.9	-5.5
Foreign Exchange Rate Adjustments	0.62	-0.44	-0.01	-0.2
Net Cash Flow	-53.86	-23.93	-8.46	78.14
Free Cash Flow	14.01	-24.14	-7.85	-28.31
Free Cash Flow Margin	16.92%	-23.98%	-38.45%	-86.60%
Free Cash Flow Per Share	0.02	-0.04	-0.01	-0.04
Cash Interest Paid	0.02	0.05	0.02	0.06
Levered Free Cash Flow	18.33	-13.36	-7.12	23.23
Unlevered Free Cash Flow	18.34	-13.33	-7.1	23.27
Change in Working Capital	17.66	-32.71	-2.73	5.32

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