Sunfonda Group Holdings Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-245.11	-213.03	11.87	81.27	345.85
Depreciation & Amortization	205.08	205.61	217.25	206.86	188.96
Other Amortization	0.49	0.65	0.64	0.58	0.9
Loss (Gain) From Sale of Assets	3.44	-10.82	-11.33	-15.81	-9.6
Loss (Gain) From Sale of Investments	-4.12	-0.66	0.4	0.49	-145.31
Stock-Based Compensation	-	3.18	0.01	0.02	-0.01
Other Operating Activities	59.16	92.71	80.67	75.46	104.77
Change in Accounts Receivable	7.49	-9.08	0.33	-6.97	8.15
Change in Inventory	145.38	223.72	59.56	-296.69	-146.79
Change in Accounts Payable	95.93	133.96	341.97	-150.95	36.2
Change in Other Net Operating Assets	-74.69	96.94	-335.69	219.03	-247.15
Operating Cash Flow	193.05	523.19	365.69	113.27	135.97
Operating Cash Flow Growth	-63.10%	43.07%	222.83%	-16.69%	-78.00%
Capital Expenditures	-175.39	-257.53	-338.54	-509.15	-459.28
Sale of Property, Plant & Equipment	103.79	119.74	118.91	122.06	114.66
Divestitures	31.76	24.86	-	-	47.84
Sale (Purchase) of Intangibles	-0.19	-	-1.16	-0.26	-8.42
Investment in Securities	5.4	-53.37	0.75	70.76	82.41
Other Investing Activities	7.27	13.9	10.36	9.07	6.32
Investing Cash Flow	-27.35	-152.4	-209.69	-307.51	-216.47
Long-Term Debt Issued	5,224	5,830	7,991	8,090	8,102
Long-Term Debt Repaid	-5,541	-6,259	-7,979	-7,953	-7,667
Net Debt Issued (Repaid)	-317.23	-429.12	11.64	136.83	435.63
Common Dividends Paid	-	-	-10.56	-63.36	-68.64
Other Financing Activities	-78.81	-93.81	-121.64	-110.48	-95.73
Financing Cash Flow	-396.04	-522.93	-120.55	-37.01	271.25
Foreign Exchange Rate Adjustments	0.9	1	1.59	9.13	-3
Net Cash Flow	-229.45	-151.14	37.04	-222.12	187.76
Free Cash Flow	17.66	265.65	27.15	-395.87	-323.3
Free Cash Flow Growth	-93.35%	878.64%	-	-	-
Free Cash Flow Margin	0.24%	3.09%	0.25%	-3.62%	-2.78%
Free Cash Flow Per Share	0.03	0.44	0.04	-0.66	-0.54
Cash Interest Paid	78.81	93.81	121.64	110.48	95.73
Cash Income Tax Paid	12.22	21.13	19.21	75.17	95.94
Levered Free Cash Flow	14.93	171.57	-11.03	-433.22	-496.44
Unlevered Free Cash Flow	66.15	231.7	48.45	-366.11	-437.88
Change in Working Capital	174.1	445.54	66.18	-235.58	-349.58

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