Jiashili 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	54.46	63.92	64.62	115.43
Depreciation & Amortization	97.08	89.75	79.02	67.43
Loss (Gain) From Sale of Assets	1.65	-0.08	0.02	-0.06
Asset Writedown & Restructuring Costs	10.06	-	-	-74.64
Loss (Gain) From Sale of Investments	0.16	0.63	-2.72	-3.48
Loss (Gain) on Equity Investments	1.16	4.49	5.15	11.41
Provision & Write-off of Bad Debts	33.2	45.14	21.68	35.33
Other Operating Activities	5.81	-5.21	2.66	-11.6
Change in Accounts Receivable	129.28	-52.46	28.3	81.87
Change in Inventory	-50.4	24.75	2.16	-7.85
Change in Accounts Payable	-	-	-106.46	60.21
Change in Unearned Revenue	11.46	-10.24	36.95	-71.75
Change in Other Net Operating Assets	-4.09	15.76	-59.79	-100.64
Operating Cash Flow	289.83	176.44	71.58	101.65
Operating Cash Flow Growth	64.27%	146.47%	-29.58%	-63.67%
Capital Expenditures	-72.05	-168.61	-29.14	-46.61
Sale of Property, Plant & Equipment	2.06	0.58	0.11	0.71
Cash Acquisitions	-	-2.18	-18.99	-
Sale (Purchase) of Intangibles	-2.43	-	-	-
Sale (Purchase) of Real Estate	-	-15.46	-	-
Investment in Securities	-61.8	-	-21.54	-60
Other Investing Activities	23.94	-28.52	56.03	-163.99
Investing Cash Flow	-104.75	-213.55	-49.52	-343.38
Long-Term Debt Issued	568.2	738.99	654	743
Total Debt Issued	568.2	738.99	654	743
Long-Term Debt Repaid	-584.56	-649.95	-611.37	-536.94
Total Debt Repaid	-584.56	-649.95	-611.37	-536.94
Net Debt Issued (Repaid)	-16.36	89.05	42.63	206.06
Common Dividends Paid	-37.8	-18.21	-17.82	-51.7
Other Financing Activities	-30.53	-63.01	-121.67	-19.22
Financing Cash Flow	-84.69	7.82	-96.86	135.15
Foreign Exchange Rate Adjustments	-0.73	-0.92	-0.42	0.08
Net Cash Flow	99.66	-30.22	-75.21	-106.49
Free Cash Flow	217.78	7.83	42.45	55.04
Free Cash Flow Growth	2680.97%	-81.55%	-22.88%	-60.20%
Free Cash Flow Margin	12.08%	0.46%	2.41%	3.45%
Free Cash Flow Per Share	0.53	0.02	0.10	0.13
Cash Interest Paid	31.23	29.15	31.12	27.51
Cash Income Tax Paid	33.72	35.94	6.36	30.34
Levered Free Cash Flow	268.38	-29.59	-25.91	-159.16
Unlevered Free Cash Flow	286.28	-11.37	-6.47	-139.81
Change in Working Capital	86.25	-22.2	-98.84	-38.17

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