Binjiang Service Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	595.51	546.53	492.55	412	321.75
Depreciation & Amortization	27.32	17.17	13.61	7.94	6.1
Other Amortization	1.66	0.94	0.37	-	-
Loss (Gain) From Sale of Assets	0.42	0.46	0.32	0.11	0.52
Loss (Gain) From Sale of Investments	-4.54	-1.62	-	-0.16	-0.41
Loss (Gain) on Equity Investments	-3.39	-1.15	-8.48	-3.43	-1.26
Provision & Write-off of Bad Debts	40.47	10.76	24.28	20.49	12.14
Other Operating Activities	-49.64	-81.65	-77.32	15.54	-27.21
Change in Accounts Receivable	-210.61	-33.21	-242.04	-199.64	-89.84
Change in Inventory	-59.73	-45.3	-97.25	-68.47	-26.99
Change in Accounts Payable	272.99	159.12	174.52	178.49	22.54
Change in Unearned Revenue	213.29	-0.43	648.26	761.04	35.6
Change in Other Net Operating Assets	4.99	-10.39	0.07	-0.99	-10.56
Operating Cash Flow	828.74	561.21	928.89	1,123	242.39
Operating Cash Flow Growth	47.67%	-39.58%	-17.28%	363.28%	-23.72%
Capital Expenditures	-34.84	-26	-24.85	-21.76	-12.96
Sale of Property, Plant & Equipment	0.36	8.42	1	0.67	1
Cash Acquisitions	-3.2	-	-0.34	-0.57	-0.25
Divestitures	-0.49	-0.9	-0.73	-	-
Investment in Securities	-411.38	-646.25	-1,184	5.55	59.17
Other Investing Activities	53.51	56.57	40.38	48.15	18.59
Investing Cash Flow	-396.05	-608.17	-1,168	32.04	65.55
Long-Term Debt Repaid	-2.39	-1.86	-1.15	-1.9	-2.32
Net Debt Issued (Repaid)	-2.39	-1.86	-1.15	-1.9	-2.32
Common Dividends Paid	-430.15	-504.83	-259.21	-111.06	-218.63
Other Financing Activities	0.44	3.58	4.54	1.61	12.82
Financing Cash Flow	-432.1	-503.11	-255.82	-111.35	-208.13
Foreign Exchange Rate Adjustments	-0.73	-14.67	0.55	0.53	0.54
Net Cash Flow	-0.14	-564.73	-494.51	1,044	100.35
Free Cash Flow	793.9	535.21	904.04	1,101	229.43
Free Cash Flow Growth	48.33%	-40.80%	-17.90%	379.96%	-25.88%
Free Cash Flow Margin	19.36%	14.89%	32.18%	55.54%	16.40%
Free Cash Flow Per Share	2.87	1.94	3.27	3.98	0.83
Cash Interest Paid	0.11	0.12	0.06	0.08	0.14
Cash Income Tax Paid	231.32	241.36	178.86	91.25	95.69
Levered Free Cash Flow	618.42	594.85	866.78	1,050	194.91
Unlevered Free Cash Flow	618.48	594.92	867.19	1,051	195.34
Change in Working Capital	220.92	69.79	483.55	670.43	-69.25

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