Gaodi Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	-109.72	-99.74	-79.93	-100.34	-103.52	-97.45
Depreciation & Amortization	11.46	8.79	1.55	8.33	12.56	17.76
Loss (Gain) From Sale of Assets	3.63	3.63	-1.9	0.74	-	4.19
Asset Writedown & Restructuring Costs	0.01	0.01	0.33	9.38	-	2.97
Provision & Write-off of Bad Debts	12.1	12.1	-0.58	-18.36	-	24.64
Other Operating Activities	75.29	4.88	0.58	9.2	-13.9	6.73
Change in Accounts Receivable	-66.08	-66.08	15.04	16.9	-	-6.97
Change in Inventory	66.4	66.4	4.47	-12.18	-	10.43
Change in Accounts Payable	8.43	8.43	0.42	4.48	-	-13.69
Change in Other Net Operating Assets	-15.49	-15.49	10.56	-0.39	-	-2.1
Operating Cash Flow	-13.96	-77.05	-49.47	-82.22	-104.87	-53.47
Capital Expenditures	-0.03	-4.76	-9.67	-0.31	-	-2.97
Sale of Property, Plant & Equipment	0.18	0.18	-	0.68	-	5
Cash Acquisitions	-	-	-	0	-	-
Divestitures	-	-	-0.01	-0	-	-
Other Investing Activities	0.01	0.04	0.11	0.32	0.33	0.66
Investing Cash Flow	0.16	-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	-0.09	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	-25.57	-9.33	-8.05	-6.52	-6.69	-8.95
Net Debt Issued (Repaid)	-25.66	2.61	15.13	-1.29	4.05	4.35
Issuance of Common Stock	43.11	25.5	39.12	9.95	14.49	9.98
Other Financing Activities	-0.89	-0.73	-0.82	-0.42	-	-0.49
Financing Cash Flow	16.57	27.38	53.44	8.24	18.55	13.84
Foreign Exchange Rate Adjustments	0.06	0.06	0.05	0.01	-	-0.14
Net Cash Flow	2.83	-54.15	-5.55	-73.28	-86	-37.08
Free Cash Flow	-13.99	-81.81	-59.14	-82.53	-104.87	-56.44
Free Cash Flow Margin	-2.77%	-18.79%	-16.66%	-23.35%	-30.10%	-65.24%
Free Cash Flow Per Share	-0.07	-0.48	-0.44	-0.70	-0.90	-0.56
Cash Interest Paid	0.5	0.35	0.03	0.12	-	0.19
Cash Income Tax Paid	0.06	0	-	-	0.01	1.07
Levered Free Cash Flow	15.9	-52.5	-32.51	-	-56.75	-18.47
Unlevered Free Cash Flow	17.68	-50.7	-31.42	-	-56.39	-17.49
Change in Working Capital	-6.73	-6.73	30.49	8.81	-	-12.32

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