Xinji Shaxi 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	-99.92	-162.31	-79.99	-168.71	-207.5	32.97
Depreciation & Amortization	7.79	5.36	5.3	5.06	1.07	0.69
Other Amortization	0.44	0.45	0.65	0.58	0.45	0.42
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.03	0.01	0.01	-
Gain (Loss) on Sale of Investments	-4.17	-4.17	-0.23	8.46	7.43	4.18
Asset Writedown	314.53	314.53	217.4	349.76	401.52	79.27
Change in Accounts Receivable	-15.25	-15.25	5.28	-1.7	-11.85	-66.25
Change in Accounts Payable	21.35	21.35	-9.69	9.36	-2.1	50.2
Change in Other Net Operating Assets	5.99	5.99	-6.03	3.3	-	-3.3
Other Operating Activities	-131.97	-47.94	-22.48	-59.29	-79.55	-15.11
Operating Cash Flow	124.09	143.29	134.01	137.14	123.78	52.67
Operating Cash Flow Growth	-32.65%	6.92%	-2.28%	10.80%	135.02%	-45.63%
Acquisition of Real Estate Assets	-1.26	-1.84	-22.13	-18.17	-52.97	-69.09
Net Sale / Acq. of Real Estate Assets	-1.26	-1.84	-22.13	-18.17	-52.97	-69.09
Cash Acquisition	-	-9.47	-40.03	-49.23	52.8	-57.8
Other Investing Activities	-	-	50	5.36	31.63	0.03
Investing Cash Flow	14.41	9.11	-44.75	-52.62	-155.93	-127.36
Short-Term Debt Issued	-	4.4	0.2	-	-	-
Long-Term Debt Issued	-	-	192	35	290	162.7
Total Debt Issued	27.81	4.4	192.2	35	290	162.7
Short-Term Debt Repaid	-	-4.75	-1.02	-	-	-
Long-Term Debt Repaid	-	-82.14	-82.02	-55.6	-190.28	-157.79
Total Debt Repaid	-69.39	-86.89	-83.04	-55.6	-190.28	-157.79
Net Debt Issued (Repaid)	-41.58	-82.49	109.16	-20.6	99.72	4.91
Issuance of Common Stock	-	-	-	1	0.03	-
Repurchase of Common Stock	-0.41	-0.41	-	-	-	-
Common Dividends Paid	-	-	-	-	-	-19.32
Other Financing Activities	3.45	-	0.2	0.95	0.3	-
Foreign Exchange Rate Adjustments	0.03	-0.01	-0.09	-1.08	-0.71	-0.8
Net Cash Flow	100	69.49	198.53	64.79	67.19	-89.9
Cash Interest Paid	51.72	54.96	60.56	50.54	45.94	47.9
Cash Income Tax Paid	9.84	8.63	12.18	20.9	32.86	54.76
Levered Free Cash Flow	135.11	135.18	102.86	156.75	106.66	-13.56
Unlevered Free Cash Flow	168.4	170.42	141.6	189.12	136.49	18.85
Change in Working Capital	31.84	31.84	7.12	1.26	0.35	-49.75

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