Vanov Holdings Company 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	46.19	53.12	52.44	50.14
Depreciation & Amortization	25.38	15.92	11.86	9.89
Other Amortization	6.53	4.76	3.56	2.41
Loss (Gain) From Sale of Assets	-0.08	-0.03	0.08	0.61
Loss (Gain) From Sale of Investments	-0.15	0.15	-6.14	-
Provision & Write-off of Bad Debts	3.31	1.54	0.82	-0
Other Operating Activities	19.68	12.77	24.18	14.64
Change in Accounts Receivable	-8.6	-29.93	-28.89	-11.7
Change in Inventory	-10.78	-1.7	-5.05	-1.39
Change in Accounts Payable	7.05	0.83	4.79	13.88
Change in Unearned Revenue	1.37	0.91	-0.03	-0.23
Change in Other Net Operating Assets	-	-	-0.02	0.2
Operating Cash Flow	89.9	58.35	57.6	78.45
Operating Cash Flow Growth	54.08%	1.31%	-26.58%	43.59%
Capital Expenditures	-35.02	-132.87	-84.01	-57.51
Sale of Property, Plant & Equipment	4.32	0.96	0.34	0.15
Sale (Purchase) of Intangibles	-13.32	-15.96	-10.9	-12.31
Sale (Purchase) of Real Estate	-0.04	-	-1.35	-
Other Investing Activities	2.31	3.27	0.01	1.15
Investing Cash Flow	-41.75	-144.6	-95.91	-68.52
Short-Term Debt Issued	1.49	3.69	-	3.82
Long-Term Debt Issued	244	215	162.3	105
Total Debt Issued	245.49	218.69	162.3	108.82
Short-Term Debt Repaid	-	-	-3.82	-
Long-Term Debt Repaid	-211.64	-111.38	-128.51	-120.96
Total Debt Repaid	-211.64	-111.38	-132.33	-120.96
Net Debt Issued (Repaid)	33.85	107.31	29.97	-12.14
Issuance of Common Stock	-	-	116.91	-
Repurchase of Common Stock	-39.2	-	-	-
Common Dividends Paid	-16.58	-17.83	-	-
Other Financing Activities	-57.31	-11.92	-41.69	-14.96
Financing Cash Flow	-79.24	77.57	105.18	-27.1
Foreign Exchange Rate Adjustments	-0.03	1.7	6.14	-
Net Cash Flow	-31.12	-6.99	73.01	-17.17
Free Cash Flow	54.88	-74.52	-26.41	20.94
Free Cash Flow Growth	-	-	-	-14.13%
Free Cash Flow Margin	21.48%	-31.39%	-12.13%	9.80%
Free Cash Flow Per Share	0.12	-0.15	-0.06	0.06
Cash Interest Paid	14.61	11.71	10.54	8.23
Cash Income Tax Paid	5.87	10.73	1.57	6.04
Levered Free Cash Flow	-41.93	-119.52	-88.51	-24.59
Unlevered Free Cash Flow	-32.8	-112.2	-81.93	-19.45
Change in Working Capital	-10.95	-29.89	-29.2	0.76

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