XXF Group 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	39.97	110.25	78.91	34.11
Depreciation & Amortization	132.7	114.35	98.27	102.58
Other Amortization	11.07	11.77	13.61	14.03
Loss (Gain) From Sale of Assets	5.22	3.75	2.06	2.82
Loss (Gain) From Sale of Investments	0.02	-94.77	-49.25	4.16
Provision & Write-off of Bad Debts	3.23	4.53	4.88	3.87
Other Operating Activities	18.32	16.65	4.9	27.05
Change in Accounts Receivable	-210.05	-170.2	-207.69	-287.83
Change in Inventory	-122.13	-46.51	-58.64	-10.64
Change in Accounts Payable	-72.07	52.61	38.49	27.76
Change in Other Net Operating Assets	5.65	-1.12	0.47	4.68
Operating Cash Flow	-188.07	1.32	-74	-77.41
Capital Expenditures	-132.72	-150.33	-137.91	-45.62
Sale of Property, Plant & Equipment	39.17	40.55	29.82	24.62
Sale (Purchase) of Intangibles	-11.99	-9.69	-11.27	-11.48
Sale (Purchase) of Real Estate	-	-44.5	-	-
Investment in Securities	-28.53	-	-	-26
Other Investing Activities	0.34	0.65	0.23	0.32
Investing Cash Flow	-133.73	-163.32	-119.13	-58.17
Long-Term Debt Issued	1,844	1,316	1,338	1,169
Long-Term Debt Repaid	-1,437	-1,171	-1,010	-971.87
Net Debt Issued (Repaid)	407.29	144.98	327.89	197.05
Issuance of Common Stock	-	91.24	-	20
Common Dividends Paid	-3.37	-	-	-6.32
Other Financing Activities	-9.38	-7.68	-13.07	-7.65
Financing Cash Flow	394.55	228.55	314.83	203.07
Foreign Exchange Rate Adjustments	0.11	0.11	0.01	-
Miscellaneous Cash Flow Adjustments	-	-0	-	0
Net Cash Flow	72.87	66.66	121.71	67.49
Free Cash Flow	-320.79	-149.01	-211.91	-123.03
Free Cash Flow Margin	-27.52%	-14.75%	-24.11%	-13.13%
Free Cash Flow Per Share	-0.20	-0.12	-0.17	-0.11
Cash Interest Paid	159.22	162.78	143.46	98.38
Cash Income Tax Paid	7.96	11.52	14.41	8.96
Levered Free Cash Flow	-157.88	-255.65	-184.11	239.97
Unlevered Free Cash Flow	-57.64	-153.69	-94.11	314.86
Change in Working Capital	-398.59	-165.21	-227.38	-266.04

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