Xinji Shaxi 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	-27.69	-162.31	-79.99	-168.71	-207.5
Depreciation & Amortization	5	5.36	5.3	5.06	1.07
Other Amortization	0.43	0.45	0.65	0.58	0.45
Gain (Loss) on Sale of Assets	0	-0.01	-0.03	0.01	0.01
Gain (Loss) on Sale of Investments	5.03	-4.17	-0.23	8.46	7.43
Asset Writedown	116.05	314.53	217.4	349.76	401.52
Change in Accounts Receivable	-47.83	-15.25	5.28	-1.7	-11.85
Change in Accounts Payable	2.52	21.35	-9.69	9.36	-2.1
Change in Other Net Operating Assets	-3.41	5.99	-6.03	3.3	-
Other Operating Activities	-6.18	-47.94	-22.48	-59.29	-79.55
Operating Cash Flow	83.86	143.29	134.01	137.14	123.78
Operating Cash Flow Growth	-41.48%	6.92%	-2.28%	10.80%	135.02%
Acquisition of Real Estate Assets	-11.59	-1.84	-22.13	-18.17	-52.97
Net Sale / Acq. of Real Estate Assets	-11.59	-1.84	-22.13	-18.17	-52.97
Cash Acquisition	-	-9.47	-40.03	-49.23	52.8
Other Investing Activities	-	-	50	5.36	31.63
Investing Cash Flow	28.89	9.11	-44.75	-52.62	-155.93
Short-Term Debt Issued	1.7	4.4	0.2	-	-
Long-Term Debt Issued	183	-	192	35	290
Total Debt Issued	184.7	4.4	192.2	35	290
Short-Term Debt Repaid	-3.9	-4.75	-1.02	-	-
Long-Term Debt Repaid	-182.3	-82.14	-82.02	-55.6	-190.28
Total Debt Repaid	-186.2	-86.89	-83.04	-55.6	-190.28
Net Debt Issued (Repaid)	-1.5	-82.49	109.16	-20.6	99.72
Issuance of Common Stock	-	-	-	1	0.03
Repurchase of Common Stock	-	-0.41	-	-	-
Other Financing Activities	-	-	0.2	0.95	0.3
Foreign Exchange Rate Adjustments	-	-0.01	-0.09	-1.08	-0.71
Net Cash Flow	111.24	69.49	198.53	64.79	67.19
Cash Interest Paid	47.13	54.96	60.56	50.54	45.94
Cash Income Tax Paid	11.94	8.63	12.18	20.9	32.86
Levered Free Cash Flow	74.4	133.82	99.99	156.75	106.66
Unlevered Free Cash Flow	104.57	169.06	138.73	189.12	136.49
Change in Working Capital	-11.24	31.84	7.12	1.26	0.35

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