Binjiang Service 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	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	578.92	546.53	492.55	412	321.75	219.55
Depreciation & Amortization	18.94	17.17	13.61	7.94	6.1	5.93
Other Amortization	0.94	0.94	0.37	-	-	-
Loss (Gain) From Sale of Assets	0.46	0.46	0.32	0.11	0.52	0.06
Loss (Gain) From Sale of Investments	-1.62	-1.62	-	-0.16	-0.41	-0.78
Loss (Gain) on Equity Investments	-1.15	-1.15	-8.48	-3.43	-1.26	-0.56
Provision & Write-off of Bad Debts	10.76	10.76	24.28	20.49	12.14	11.49
Other Operating Activities	112.06	-81.65	-77.32	15.54	-27.21	-13.55
Change in Accounts Receivable	-33.21	-33.21	-242.04	-199.64	-89.84	-24.58
Change in Inventory	-45.3	-45.3	-97.25	-68.47	-26.99	-18.67
Change in Accounts Payable	159.12	159.12	174.52	178.49	22.54	155.94
Change in Unearned Revenue	-0.43	-0.43	648.26	761.04	35.6	-10.22
Change in Other Net Operating Assets	-10.39	-10.39	0.07	-0.99	-10.56	-6.88
Operating Cash Flow	789.09	561.21	928.89	1,123	242.39	317.74
Operating Cash Flow Growth	76.81%	-39.58%	-17.28%	363.28%	-23.72%	100.38%
Capital Expenditures	-28.83	-26	-24.85	-21.76	-12.96	-8.2
Sale of Property, Plant & Equipment	5.01	8.42	1	0.67	1	-
Cash Acquisitions	1.25	-	-0.34	-0.57	-0.25	-
Divestitures	-	-0.9	-0.73	-	-	-
Investment in Securities	-354.31	-646.25	-1,184	5.55	59.17	34.14
Other Investing Activities	61.58	56.57	40.38	48.15	18.59	14.66
Investing Cash Flow	-315.29	-608.17	-1,168	32.04	65.55	40.61
Long-Term Debt Repaid	-	-1.86	-1.15	-1.9	-2.32	-3.03
Net Debt Issued (Repaid)	-1.3	-1.86	-1.15	-1.9	-2.32	-3.03
Common Dividends Paid	-159.09	-504.83	-259.21	-111.06	-218.63	-80.11
Other Financing Activities	4.79	3.58	4.54	1.61	12.82	11.1
Financing Cash Flow	-155.61	-503.11	-255.82	-111.35	-208.13	-72.05
Foreign Exchange Rate Adjustments	-4.5	-14.67	0.55	0.53	0.54	2.39
Net Cash Flow	313.69	-564.73	-494.51	1,044	100.35	288.69
Free Cash Flow	760.26	535.21	904.04	1,101	229.43	309.55
Free Cash Flow Growth	80.36%	-40.80%	-17.90%	379.96%	-25.88%	101.74%
Free Cash Flow Margin	19.15%	14.89%	32.18%	55.54%	16.40%	32.24%
Free Cash Flow Per Share	2.75	1.94	3.27	3.98	0.83	1.12
Cash Interest Paid	0.13	0.12	0.06	0.08	0.14	0.18
Cash Income Tax Paid	202.72	241.36	178.86	91.25	95.69	48.36
Levered Free Cash Flow	879.85	596.17	866.78	1,050	194.91	254.56
Unlevered Free Cash Flow	879.93	596.25	867.19	1,051	195.34	254.9
Change in Working Capital	69.79	69.79	483.55	670.43	-69.25	95.6

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