Kinetic Development Group Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	895.8	2,110	2,078	2,665	2,469
Depreciation & Amortization	223.25	175.78	139.24	136.27	123.08
Loss (Gain) From Sale of Assets	10.35	-	-7.36	10.99	-0.31
Asset Writedown & Restructuring Costs	99.15	94.49	-	8.03	-
Loss (Gain) From Sale of Investments	46.09	-145.67	-50.43	40.88	134.08
Loss (Gain) on Equity Investments	53.74	-10.61	-11.11	-14.54	-19.06
Stock-Based Compensation	18.61	-	-	-	-
Other Operating Activities	209.17	156.04	-332.74	133.72	399.44
Change in Accounts Receivable	-68.79	-21.83	91.54	9.01	-120.41
Change in Inventory	439.06	-380.09	20.96	-51.64	18.43
Change in Accounts Payable	-854.29	322.05	-225.34	173.73	85.4
Change in Other Net Operating Assets	31.48	49.78	9.22	-16.8	-59.1
Operating Cash Flow	1,104	2,350	1,712	3,094	3,030
Operating Cash Flow Growth	-53.03%	37.27%	-44.68%	2.11%	153.37%
Capital Expenditures	-268.92	-454.17	-490	-816.68	-180.75
Sale of Property, Plant & Equipment	6.57	1.16	-	1.94	0.03
Cash Acquisitions	-120.29	-118.93	-341.12	-3,487	-892.73
Sale (Purchase) of Intangibles	-25.82	-90.97	-	-	-
Investment in Securities	-316.93	-146.53	43.33	37.6	62.33
Other Investing Activities	84.83	-9.46	-116.08	-9.58	63.31
Investing Cash Flow	-640.56	-818.89	-903.88	-4,276	-873.8
Long-Term Debt Issued	685.07	610.07	1,069	1,033	278.07
Total Debt Issued	685.07	610.07	1,069	1,033	278.07
Long-Term Debt Repaid	-785.36	-1,234	-650.24	-446.63	-207.4
Total Debt Repaid	-785.36	-1,234	-650.24	-446.63	-207.4
Net Debt Issued (Repaid)	-100.29	-623.8	419.13	586.38	70.67
Repurchase of Common Stock	-	-23.51	-	-	-
Common Dividends Paid	-854.58	-1,535	-775.24	-899.23	-661.53
Other Financing Activities	-44.02	552.49	-264.66	-337.03	-50.15
Financing Cash Flow	-998.89	-1,630	-620.77	-649.88	-641.02
Foreign Exchange Rate Adjustments	-12.52	-4.82	-4.88	-4.16	-5.87
Net Cash Flow	-548.35	-104.21	182.28	-1,835	1,509
Free Cash Flow	834.7	1,896	1,222	2,277	2,849
Free Cash Flow Growth	-55.97%	55.14%	-46.35%	-20.07%	156.67%
Free Cash Flow Margin	15.77%	33.52%	25.75%	37.00%	51.06%
Free Cash Flow Per Share	0.10	0.23	0.14	0.27	0.34
Cash Interest Paid	44.02	47.51	64.66	33.52	8.95
Cash Income Tax Paid	370.94	605.16	762.46	872.01	532.69
Levered Free Cash Flow	686.21	1,566	881.08	1,718	2,412
Unlevered Free Cash Flow	713.34	1,596	921.6	1,740	2,418
Change in Working Capital	-452.55	-30.08	-103.63	114.29	-75.68

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