Guming 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	1,479	1,080	366.62	20.14
Depreciation & Amortization	140.04	134.77	117.25	67.81
Other Amortization	0.3	0.37	1.7	2.06
Loss (Gain) From Sale of Assets	1.16	0.97	-0.19	-
Loss (Gain) From Sale of Investments	10.14	292.31	378.59	712.1
Stock-Based Compensation	-	55.54	24.48	17.23
Other Operating Activities	27.68	2.47	-78.81	71.59
Change in Accounts Receivable	-251.51	-41.95	-3.11	-9.03
Change in Inventory	-103.1	-175.58	1.23	-488.12
Change in Accounts Payable	96.62	211.73	239.95	-60.71
Change in Unearned Revenue	1.34	-14.55	-11.27	14.39
Change in Other Net Operating Assets	-80.62	27.6	-25.27	-79.97
Operating Cash Flow	1,321	1,573	1,011	267.47
Operating Cash Flow Growth	-16.06%	55.59%	278.05%	-
Capital Expenditures	-449.1	-398.85	-90.12	-163.53
Sale of Property, Plant & Equipment	54.57	10.82	5.74	1.11
Sale (Purchase) of Intangibles	-1.05	-	-	-1.08
Investment in Securities	-1,488	-145.29	132.53	-74.97
Other Investing Activities	62.44	62.37	-105.49	0.87
Investing Cash Flow	-1,822	-470.95	-57.34	-237.6
Long-Term Debt Issued	121	171.05	-	-
Long-Term Debt Repaid	-180.07	-107.51	-56.04	-37.78
Net Debt Issued (Repaid)	-59.07	63.54	-56.04	-37.78
Issuance of Common Stock	-	300	-	-
Repurchase of Common Stock	-	-94.35	-	-
Other Financing Activities	75.99	-129.23	61.36	-5.08
Financing Cash Flow	16.92	139.96	5.32	-42.86
Foreign Exchange Rate Adjustments	-8.64	1.18	3.52	-1.33
Net Cash Flow	-492.72	1,243	962.66	-14.31
Free Cash Flow	871.47	1,174	921.05	103.94
Free Cash Flow Growth	-25.80%	27.51%	786.16%	-
Free Cash Flow Margin	9.91%	15.30%	16.57%	2.37%
Free Cash Flow Per Share	0.42	0.57	-	-
Cash Interest Paid	5	5.23	5.42	5.08
Cash Income Tax Paid	245.83	310.17	354.66	159.59
Levered Free Cash Flow	678.19	682.17	-1,557	-
Unlevered Free Cash Flow	680.27	685.45	-1,554	-
Change in Working Capital	-337.27	7.25	201.53	-623.45

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