Busy Ming 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	833.7	217.43	71.65
Depreciation & Amortization	140.99	42.74	22.03
Other Amortization	5.42	2	0.95
Loss (Gain) From Sale of Assets	-0.79	0.08	0.14
Asset Writedown & Restructuring Costs	-	-	3.29
Loss (Gain) From Sale of Investments	-0.11	1.95	-0.37
Loss (Gain) on Equity Investments	-4.29	7.73	-
Stock-Based Compensation	77.34	17.28	9.84
Provision & Write-off of Bad Debts	0.1	-0.16	0.12
Other Operating Activities	59.03	14.96	-30.47
Change in Accounts Receivable	-93.17	-14.09	-2.52
Change in Inventory	-1,042	-120.35	-150.21
Change in Accounts Payable	892.9	213.87	79.8
Change in Unearned Revenue	337.9	198.43	66.44
Change in Other Net Operating Assets	-1,437	7.67	11.38
Operating Cash Flow	-230.1	589.52	82.07
Operating Cash Flow Growth	-	618.33%	-
Capital Expenditures	-141.01	-32.96	-14.18
Sale of Property, Plant & Equipment	8.55	1.74	0.82
Cash Acquisitions	-	244.11	-
Sale (Purchase) of Intangibles	-25.14	-4.18	-5.6
Investment in Securities	-40	57.69	-118.67
Other Investing Activities	-29.6	-91.67	0.41
Investing Cash Flow	-159.05	174.85	-144.25
Short-Term Debt Issued	491	-	-
Total Debt Issued	491	-	-
Long-Term Debt Repaid	-106.51	-37.06	-15.67
Net Debt Issued (Repaid)	384.49	-37.06	-15.67
Issuance of Common Stock	284.35	800.14	220.72
Common Dividends Paid	-32.28	-194.17	-
Other Financing Activities	-32.22	-0.7	-4.36
Financing Cash Flow	604.33	568.21	200.7
Net Cash Flow	215.18	1,333	138.51
Free Cash Flow	-371.11	556.57	67.89
Free Cash Flow Growth	-	719.78%	-
Free Cash Flow Margin	-0.94%	5.41%	1.58%
Free Cash Flow Per Share	-2.88	11.39	1.85
Cash Interest Paid	6.64	2.9	2.16
Cash Income Tax Paid	266.72	93.13	60.2
Levered Free Cash Flow	-174	702.21	-
Unlevered Free Cash Flow	-169.62	704.03	-
Change in Working Capital	-1,341	285.52	4.88

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