Gaodi Holdings Cash Flow Statement

Financials in millions CNY. Fiscal year is July - June.

Millions CNY. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-99.74	-79.93	-100.34	-103.52	-97.45
Depreciation & Amortization	8.79	1.55	8.33	12.56	17.76
Loss (Gain) From Sale of Assets	3.63	-1.9	0.74	-	4.19
Asset Writedown & Restructuring Costs	0.01	0.33	9.38	-	2.97
Provision & Write-off of Bad Debts	12.1	-0.58	-18.36	-	24.64
Other Operating Activities	4.88	0.58	9.2	-13.9	6.73
Change in Accounts Receivable	-66.08	15.04	16.9	-	-6.97
Change in Inventory	66.4	4.47	-12.18	-	10.43
Change in Accounts Payable	8.43	0.42	4.48	-	-13.69
Change in Other Net Operating Assets	-15.49	10.56	-0.39	-	-2.1
Operating Cash Flow	-77.05	-49.47	-82.22	-104.87	-53.47
Capital Expenditures	-4.76	-9.67	-0.31	-	-2.97
Sale of Property, Plant & Equipment	0.18	-	0.68	-	5
Cash Acquisitions	-	-	0	-	-
Divestitures	-	-0.01	-0	-	-
Other Investing Activities	0.04	0.11	0.32	0.33	0.66
Investing Cash Flow	-4.54	-9.57	0.68	0.33	2.69
Long-Term Debt Issued	11.94	23.18	-	10.75	13.3
Total Debt Issued	11.94	23.18	5.23	10.75	13.3
Long-Term Debt Repaid	-9.33	-8.05	-	-6.69	-8.95
Total Debt Repaid	-9.33	-8.05	-6.52	-6.69	-8.95
Net Debt Issued (Repaid)	2.61	15.13	-1.29	4.05	4.35
Issuance of Common Stock	25.5	39.12	9.95	14.49	9.98
Other Financing Activities	-0.73	-0.82	-0.42	-	-0.49
Financing Cash Flow	27.38	53.44	8.24	18.55	13.84
Foreign Exchange Rate Adjustments	0.06	0.05	0.01	-	-0.14
Net Cash Flow	-54.15	-5.55	-73.28	-86	-37.08
Free Cash Flow	-81.81	-59.14	-82.53	-104.87	-56.44
Free Cash Flow Margin	-18.79%	-16.66%	-23.35%	-30.10%	-65.24%
Free Cash Flow Per Share	-0.48	-0.44	-0.70	-0.90	-0.56
Cash Interest Paid	0.35	0.03	0.12	-	0.19
Cash Income Tax Paid	0	-	-	0.01	1.07
Levered Free Cash Flow	-52.5	-32.51	-	-56.75	-18.47
Unlevered Free Cash Flow	-50.7	-31.42	-	-56.39	-17.49
Change in Working Capital	-6.73	30.49	8.81	-	-12.32

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.