Folangsi 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	101.96	31.22	35.4	55.18
Depreciation & Amortization	419.17	437.84	420.67	380.22
Other Amortization	1.61	1.6	1.89	1
Loss (Gain) From Sale of Assets	-0.04	-0.25	-0.12	-
Loss (Gain) From Sale of Investments	-	-0.09	-2.33	-
Loss (Gain) on Equity Investments	-1.53	-0.24	-0.95	4.93
Provision & Write-off of Bad Debts	8.09	2.44	4.18	4.5
Other Operating Activities	75.66	83.34	82.58	82.7
Change in Accounts Receivable	-7.07	-82.37	-28.08	-24.64
Change in Inventory	-60.52	-6.51	-14.68	-12.56
Change in Accounts Payable	67.96	44.11	27.11	42.25
Change in Other Net Operating Assets	21.38	-4.1	-3.48	-5.96
Operating Cash Flow	626.67	506.98	522.19	527.63
Operating Cash Flow Growth	23.61%	-2.91%	-1.03%	16.84%
Capital Expenditures	-137.15	-253.56	-220.77	-284.23
Sale of Property, Plant & Equipment	0.26	0.58	0.32	0.18
Cash Acquisitions	-21.04	-	-4.2	-
Sale (Purchase) of Intangibles	-14.54	-0.79	-1.3	-1.01
Investment in Securities	-	0.09	-0.22	-0.3
Investing Cash Flow	-172.47	-253.68	-226.17	-285.36
Long-Term Debt Issued	353.97	321.94	246.1	317.82
Long-Term Debt Repaid	-701.51	-534.77	-520.68	-496.75
Net Debt Issued (Repaid)	-347.54	-212.82	-274.57	-178.93
Issuance of Common Stock	-	159.31	-	130
Other Financing Activities	-104.48	-121.69	-88.97	-88.79
Financing Cash Flow	-452.01	-175.2	-363.55	-137.72
Foreign Exchange Rate Adjustments	2.45	2.02	-	-
Net Cash Flow	4.63	80.12	-67.52	104.55
Free Cash Flow	489.53	253.43	301.43	243.4
Free Cash Flow Growth	93.16%	-15.92%	23.84%	-23.16%
Free Cash Flow Margin	30.39%	18.47%	25.24%	20.77%
Free Cash Flow Per Share	1.41	0.75	0.90	0.74
Cash Interest Paid	104.48	91.45	88.97	88.79
Cash Income Tax Paid	2.35	-	1.05	3.39
Levered Free Cash Flow	363.37	192.84	230.67	118.29
Unlevered Free Cash Flow	428.67	246.03	282.92	169.44
Change in Working Capital	21.75	-48.87	-19.13	-0.9

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