Zhong Ju Investment 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	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	-89.74	-52.36	-23.63	2.68
Depreciation & Amortization	56.81	56.15	52.71	29.26
Other Amortization	0.4	0.06	0.05	0.05
Loss (Gain) From Sale of Assets	-0.92	-1.67	-3.62	-3.47
Asset Writedown & Restructuring Costs	12.13	5.86	-	-
Stock-Based Compensation	0.16	0.78	2.36	3.08
Provision & Write-off of Bad Debts	0.06	-0.09	0.06	-0.03
Other Operating Activities	1.52	15.81	7.99	9.74
Change in Accounts Receivable	-6.46	13.05	-5.62	3.05
Change in Inventory	169.51	-58.35	-18.19	83.29
Change in Accounts Payable	-93.69	8.94	-29.8	-54.23
Change in Unearned Revenue	-16.58	4.43	-9.19	-13.99
Change in Other Net Operating Assets	117.57	59.44	28.28	-10.6
Operating Cash Flow	150.77	52.05	1.4	48.83
Operating Cash Flow Growth	189.68%	3628.30%	-97.14%	-66.36%
Capital Expenditures	-19.71	-58.51	-73.12	-66.16
Sale of Property, Plant & Equipment	25.85	15.5	17.05	14.8
Sale (Purchase) of Intangibles	-0.05	-0.73	-0.06	-
Other Investing Activities	0.24	1.29	1.04	-
Investing Cash Flow	6.34	-42.46	-55.09	-51.36
Short-Term Debt Issued	-	-	-	40
Long-Term Debt Issued	611.04	416.02	708.77	443.64
Total Debt Issued	611.04	416.02	708.77	483.64
Long-Term Debt Repaid	-746.14	-440.83	-631.6	-441.24
Total Debt Repaid	-746.14	-440.83	-631.6	-441.24
Net Debt Issued (Repaid)	-135.1	-24.81	77.18	42.4
Issuance of Common Stock	-	-	-	2.07
Common Dividends Paid	-	-	-	-6.67
Other Financing Activities	-3.38	-6.42	-6.42	-9.7
Financing Cash Flow	-138.48	-31.24	70.76	28.1
Foreign Exchange Rate Adjustments	-0.22	0.01	0.14	0.06
Net Cash Flow	18.41	-21.64	17.2	25.63
Free Cash Flow	131.06	-6.47	-71.72	-17.32
Free Cash Flow Margin	10.55%	-0.40%	-3.59%	-0.84%
Free Cash Flow Per Share	0.26	-0.01	-0.14	-0.03
Cash Interest Paid	3.38	6.42	6.42	9.7
Cash Income Tax Paid	0.21	-0.92	6.6	3.54
Levered Free Cash Flow	113.42	-31.85	-85.82	-42.86
Unlevered Free Cash Flow	118.41	-26.16	-78.9	-36.06
Change in Working Capital	170.34	27.52	-34.52	7.53

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