China Starch Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	482.25	107.96	352.01	345.6
Depreciation & Amortization	285.46	277.35	284.8	259.25
Loss (Gain) From Sale of Assets	0.28	-1.64	-9.4	-1.08
Asset Writedown & Restructuring Costs	-	3.3	0.21	3.09
Loss (Gain) From Sale of Investments	-1.46	-0.68	-0.43	0.38
Loss (Gain) on Equity Investments	-1.13	-0.09	-	-
Other Operating Activities	194.98	-40.4	33.76	53.44
Change in Accounts Receivable	78.12	25.85	4.81	301.98
Change in Inventory	119.58	120.22	-264.09	208.79
Change in Accounts Payable	44.33	-48.82	-20.09	-3.04
Change in Unearned Revenue	114.17	-29.68	-64.74	-61.61
Operating Cash Flow	1,317	413.37	316.83	1,107
Operating Cash Flow Growth	218.50%	30.47%	-71.38%	333.64%
Capital Expenditures	-254.96	-421.63	-211.13	-394.85
Sale of Property, Plant & Equipment	1.35	4.95	10.16	2.07
Investment in Securities	-	-11.28	-8	-
Other Investing Activities	-603.48	-291.98	-140.51	5.76
Investing Cash Flow	-857.09	-719.94	-349.47	-387.02
Long-Term Debt Issued	1,438	536.05	309.19	306.33
Total Debt Issued	1,438	536.05	309.19	306.33
Long-Term Debt Repaid	-518.59	-262.7	-136.29	-321.81
Total Debt Repaid	-518.59	-262.7	-136.29	-321.81
Net Debt Issued (Repaid)	919.04	273.35	172.9	-15.48
Repurchase of Common Stock	-0.55	-3.09	-	-
Common Dividends Paid	-67.94	-66.85	-138.36	-44.94
Other Financing Activities	-	-	0.12	-0.02
Financing Cash Flow	850.55	203.41	34.65	-60.44
Net Cash Flow	1,310	-103.16	2.01	659.35
Free Cash Flow	1,062	-8.26	105.7	711.95
Free Cash Flow Growth	-	-	-85.15%	-
Free Cash Flow Margin	9.30%	-0.07%	0.89%	6.12%
Free Cash Flow Per Share	0.18	-0.00	0.02	0.12
Cash Interest Paid	8.84	4.76	4.47	7.25
Cash Income Tax Paid	83.97	44.51	155	48.2
Levered Free Cash Flow	224.89	-234.1	-129.4	525.75
Unlevered Free Cash Flow	230.42	-231.13	-126.61	530.19
Change in Working Capital	356.21	67.58	-344.12	446.12

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.