Xinming China Holdings 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	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-344.45	-542.52	-526.12	-2,250	-863.94	-1,001
Depreciation & Amortization	-0.01	0.01	0.01	0.05	0.09	1
Loss (Gain) From Sale of Assets	0	0	-	686.6	643.08	-0.04
Asset Writedown & Restructuring Costs	12.27	12.27	17.9	1,083	2	22.9
Loss (Gain) From Sale of Investments	26.84	26.84	2.76	22.51	2.51	151.3
Other Operating Activities	256.68	432.5	518.67	400.03	232.89	722.45
Change in Accounts Receivable	-11.03	-10.05	-0.37	29.42	-9.8	-23.51
Change in Inventory	55.47	82.94	186.64	-117.99	-111.41	-164.38
Change in Accounts Payable	-30.62	-24.13	143.68	17.8	1.2	82.95
Change in Unearned Revenue	29.09	-23.12	-425.56	186.99	244.65	20.93
Change in Other Net Operating Assets	73.27	111.34	-1.88	-59.55	25.6	-38.32
Operating Cash Flow	67.52	66.08	-84.27	-1.68	166.88	-225.48
Capital Expenditures	-	-	-	-	-0.02	-0.03
Sale of Property, Plant & Equipment	-	-	-	-	-	0.2
Divestitures	-	-	-	-	-0.41	-
Other Investing Activities	-0.01	0.01	0.18	0.05	0.19	0.14
Investing Cash Flow	-0.01	0.01	0.18	0.05	-0.25	0.3
Long-Term Debt Issued	-	3.71	117.28	-	6	100
Total Debt Issued	3.71	3.71	117.28	-	6	100
Long-Term Debt Repaid	-	-70.47	-39.29	-11.16	-64	-17.03
Total Debt Repaid	-70.47	-70.47	-39.29	-11.16	-64	-17.03
Net Debt Issued (Repaid)	-66.76	-66.76	77.99	-11.16	-58	82.98
Other Financing Activities	-	-	-	-	-93.66	-34.78
Financing Cash Flow	-66.76	-66.76	77.99	-11.16	-151.66	48.2
Net Cash Flow	0.75	-0.67	-6.1	-12.79	14.97	-176.98
Free Cash Flow	67.52	66.08	-84.27	-1.68	166.86	-225.51
Free Cash Flow Margin	163.52%	76.09%	-19.94%	-4.76%	163.85%	-175.44%
Free Cash Flow Per Share	3.59	3.52	-4.49	-0.09	8.88	-12.00
Cash Interest Paid	-	-	-	-	93.66	34.78
Cash Income Tax Paid	0.15	0.15	0.03	11.12	1.07	-0.81
Levered Free Cash Flow	288.56	292.2	162.19	520.2	644.36	162.02
Unlevered Free Cash Flow	529.07	581.49	407.16	572.73	941.79	352.97
Change in Working Capital	116.18	136.98	-97.49	56.68	150.25	-122.33

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.