Shouhui Group Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	604.13	-136.12	-356.16	130.88
Depreciation & Amortization	8.03	6.37	5.26	4.81
Other Amortization	0.01	0.01	0.01	0.01
Loss (Gain) From Sale of Assets	0.01	0.01	-0.5	0.15
Loss (Gain) From Sale of Investments	-14.44	-14.44	-6.36	-5.5
Loss (Gain) on Equity Investments	1.23	1.23	-0.08	-0.31
Stock-Based Compensation	14.55	14.55	7.92	5.59
Provision & Write-off of Bad Debts	0.78	0.78	1.78	-0.11
Other Operating Activities	-392.93	365.5	608.65	-54.9
Change in Accounts Receivable	-156.35	-156.35	-236.56	69.69
Change in Accounts Payable	45.86	45.86	129.23	-172.75
Change in Other Net Operating Assets	-17.31	-17.31	51.89	-31.83
Operating Cash Flow	93.57	110.1	205.07	-54.26
Operating Cash Flow Growth	-	-46.31%	-	-
Capital Expenditures	-2.68	-0.01	-0.05	-0.07
Sale of Property, Plant & Equipment	-	-	-	0.04
Divestitures	-	-	-0.24	-
Investment in Securities	-266.98	-123.49	-122.79	-81.38
Other Investing Activities	-	-	0.03	-
Investing Cash Flow	-269.66	-123.49	-123.06	-81.42
Short-Term Debt Issued	-	-	-	10
Total Debt Issued	-	-	-	10
Short-Term Debt Repaid	-	-	-8.8	-9.1
Long-Term Debt Repaid	-	-6.68	-5.43	-4.51
Total Debt Repaid	-8.31	-6.68	-14.23	-13.61
Net Debt Issued (Repaid)	-8.31	-6.68	-14.23	-3.61
Issuance of Common Stock	180.37	3.93	0.68	1.61
Other Financing Activities	-0.34	-237	-33.21	-0.08
Financing Cash Flow	171.72	-4.13	-46.76	-2.07
Foreign Exchange Rate Adjustments	-1.33	0.39	-	-
Net Cash Flow	-5.7	-17.12	35.25	-137.75
Free Cash Flow	90.89	110.1	205.02	-54.33
Free Cash Flow Growth	-	-46.30%	-	-
Free Cash Flow Margin	7.34%	7.94%	12.54%	-6.74%
Free Cash Flow Per Share	0.40	0.49	-	-
Cash Interest Paid	0.33	0.26	0.47	0.46
Cash Income Tax Paid	20.31	25.51	26.02	11.78
Levered Free Cash Flow	-	574.74	797.3	-
Unlevered Free Cash Flow	-	574.9	797.59	-
Change in Working Capital	-127.79	-127.79	-55.44	-134.89

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