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 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	184.93	482.25	107.96	352.01	345.6
Depreciation & Amortization	276.18	285.46	277.35	284.8	259.25
Loss (Gain) From Sale of Assets	-8.97	0.28	-1.64	-9.4	-1.08
Asset Writedown & Restructuring Costs	-	-	3.3	0.21	3.09
Loss (Gain) From Sale of Investments	-3.56	-1.46	-0.68	-0.43	0.38
Loss (Gain) on Equity Investments	-1.8	-1.13	-0.09	-	-
Other Operating Activities	-51.63	194.98	-40.4	33.76	53.44
Change in Accounts Receivable	-57.76	78.12	25.85	4.81	301.98
Change in Inventory	-216.29	119.58	120.22	-264.09	208.79
Change in Accounts Payable	231.02	44.33	-48.82	-20.09	-3.04
Change in Unearned Revenue	-53.22	114.17	-29.68	-64.74	-61.61
Operating Cash Flow	298.91	1,317	413.37	316.83	1,107
Operating Cash Flow Growth	-77.30%	218.50%	30.47%	-71.38%	333.64%
Capital Expenditures	-338.2	-254.96	-421.63	-211.13	-394.85
Sale of Property, Plant & Equipment	21.13	1.35	4.95	10.16	2.07
Sale (Purchase) of Intangibles	-24.44	-	-	-	-
Investment in Securities	-	-	-11.28	-8	-
Other Investing Activities	169.37	-603.48	-291.98	-140.51	5.76
Investing Cash Flow	-172.14	-857.09	-719.94	-349.47	-387.02
Long-Term Debt Issued	1,023	1,438	536.05	309.19	306.33
Total Debt Issued	1,023	1,438	536.05	309.19	306.33
Long-Term Debt Repaid	-1,420	-518.59	-262.7	-136.29	-321.81
Total Debt Repaid	-1,420	-518.59	-262.7	-136.29	-321.81
Net Debt Issued (Repaid)	-397.64	919.04	273.35	172.9	-15.48
Repurchase of Common Stock	-	-0.55	-3.09	-	-
Common Dividends Paid	-80.31	-67.94	-66.85	-138.36	-44.94
Other Financing Activities	-0.14	-	-	0.12	-0.02
Financing Cash Flow	-478.09	850.55	203.41	34.65	-60.44
Net Cash Flow	-351.31	1,310	-103.16	2.01	659.35
Free Cash Flow	-39.28	1,062	-8.26	105.7	711.95
Free Cash Flow Growth	-	-	-	-85.15%	-
Free Cash Flow Margin	-0.39%	9.30%	-0.07%	0.89%	6.12%
Free Cash Flow Per Share	-0.01	0.18	-0.00	0.02	0.12
Cash Interest Paid	11.19	8.84	4.76	4.47	7.25
Cash Income Tax Paid	156.3	83.97	44.51	155	48.2
Levered Free Cash Flow	166.33	224.89	-234.1	-129.4	525.75
Unlevered Free Cash Flow	173.32	230.42	-231.13	-126.61	530.19
Change in Working Capital	-96.24	356.21	67.58	-344.12	446.12

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