China ITS (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	22.06	137.2	48.49	74.52
Depreciation & Amortization	59.8	56.12	50.51	56.96
Other Amortization	0.98	0.66	0.09	0.56
Loss (Gain) From Sale of Assets	-	-0	-27.74	3.63
Asset Writedown & Restructuring Costs	1.83	10.54	-0.28	1.77
Loss (Gain) From Sale of Investments	32.28	-68.9	63.05	-10.04
Loss (Gain) on Equity Investments	-1.61	-0.93	0.89	-
Stock-Based Compensation	0.44	1.56	4	0.23
Provision & Write-off of Bad Debts	36.29	44.71	-2.76	-8.31
Other Operating Activities	30.75	47.27	-55.01	48.63
Change in Accounts Receivable	-75.08	-12.98	280.55	275.19
Change in Inventory	138.29	-127.83	-47.26	-46.53
Change in Accounts Payable	-169.61	114.85	33.93	2.84
Change in Unearned Revenue	-66.81	-96.83	-66.56	-187.7
Change in Other Net Operating Assets	-33.54	123.29	-218.16	176.68
Operating Cash Flow	-23.94	228.72	63.74	388.45
Operating Cash Flow Growth	-	258.84%	-83.59%	-18.94%
Capital Expenditures	-7.83	-7.42	-39.88	-60.75
Cash Acquisitions	-56.26	-10.39	-	-
Divestitures	-	37.48	19.98	-
Sale (Purchase) of Intangibles	-	-	-	-0.03
Investment in Securities	12.85	-51.65	-45.69	16.8
Other Investing Activities	2.41	1.87	1.52	2.78
Investing Cash Flow	-48.83	-30.11	-64.08	-41.19
Long-Term Debt Issued	235.54	240.95	198.22	233.9
Long-Term Debt Repaid	-264.7	-220.15	-219.98	-515.65
Net Debt Issued (Repaid)	-29.17	20.8	-21.75	-281.75
Common Dividends Paid	-35.53	-	-	-
Other Financing Activities	-18.44	-33.35	1.92	-
Financing Cash Flow	-83.13	-12.55	-19.84	-281.75
Foreign Exchange Rate Adjustments	-2.01	2.09	-2.08	11.75
Net Cash Flow	-157.9	188.15	-22.25	77.25
Free Cash Flow	-31.77	221.3	23.86	327.7
Free Cash Flow Growth	-	827.67%	-92.72%	59.74%
Free Cash Flow Margin	-3.88%	25.81%	3.34%	44.27%
Free Cash Flow Per Share	-0.02	0.13	0.01	0.20
Cash Interest Paid	10.54	9.78	11.92	18.04
Cash Income Tax Paid	-7.01	13.61	12.88	13.88
Levered Free Cash Flow	72.84	249.41	162.69	388.25
Unlevered Free Cash Flow	79.43	255.52	170.14	399.52
Change in Working Capital	-206.75	0.5	-17.5	220.48

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