Zhixin Group Holding 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	-75.2	10.08	1.25	20.4
Depreciation & Amortization	34.95	29.78	24.57	22.2
Other Amortization	0.05	0.08	0.06	0.03
Loss (Gain) From Sale of Assets	4.6	0.43	0.23	0.18
Asset Writedown & Restructuring Costs	26.77	2.26	-	-
Provision & Write-off of Bad Debts	16.93	1	1.56	3.46
Other Operating Activities	12.3	17.96	-0.67	8.08
Change in Accounts Receivable	168.41	35.91	-87.12	-169.91
Change in Inventory	13.48	-10.46	6.3	20.3
Change in Accounts Payable	-32.33	6.55	6.59	-1.89
Change in Unearned Revenue	0.66	2.11	0.38	0.41
Change in Other Net Operating Assets	0.5	-0.5	8.71	-4
Operating Cash Flow	171.13	95.19	-38.14	-100.74
Operating Cash Flow Growth	79.78%	-	-	-
Capital Expenditures	-71.27	-71.4	-168.32	-12.12
Sale of Property, Plant & Equipment	1.77	1.03	3.66	0.74
Cash Acquisitions	-3	-1.5	-40.5	-5.26
Sale (Purchase) of Intangibles	-	-0.03	-0.11	-24.1
Investing Cash Flow	-72.49	-71.9	-205.28	-40.74
Short-Term Debt Issued	-	-	44.5	-
Long-Term Debt Issued	251.61	277.93	377.9	269.27
Total Debt Issued	251.61	277.93	422.4	269.27
Long-Term Debt Repaid	-337.5	-271.28	-250.91	-264.28
Total Debt Repaid	-337.5	-271.28	-250.91	-264.28
Net Debt Issued (Repaid)	-85.88	6.65	171.49	4.99
Issuance of Common Stock	-	-	-	238.14
Other Financing Activities	-19.64	-21.55	-17.79	-24.94
Financing Cash Flow	-105.53	-14.9	153.7	218.19
Foreign Exchange Rate Adjustments	0.06	0	-	-
Net Cash Flow	-6.83	8.38	-89.72	76.71
Free Cash Flow	99.86	23.78	-206.46	-112.86
Free Cash Flow Growth	319.87%	-	-	-
Free Cash Flow Margin	17.21%	4.64%	-32.56%	-14.75%
Free Cash Flow Per Share	0.13	0.03	-0.28	-0.16
Cash Interest Paid	19.27	20.76	17.36	12.04
Cash Income Tax Paid	5.77	1.99	11.3	20.9
Levered Free Cash Flow	91.04	-4.75	-220.19	-36.67
Unlevered Free Cash Flow	102.19	5.18	-212.17	-28.81
Change in Working Capital	150.72	33.61	-65.14	-155.09

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