Hevol Services Group Co. 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	54.39	77.9	68.72	86.19
Depreciation & Amortization	30.6	29.54	21.05	13.62
Other Amortization	1.19	1.68	1.7	1.44
Loss (Gain) From Sale of Assets	-0.01	12.96	-0.13	0
Asset Writedown & Restructuring Costs	0.78	-	-	-
Loss (Gain) From Sale of Investments	-0.03	-0.02	-0.09	-1.72
Loss (Gain) on Equity Investments	-0.1	-0.01	-	-
Provision & Write-off of Bad Debts	35.66	1.75	46.98	5.81
Other Operating Activities	27.15	34.42	-16.2	37.63
Change in Accounts Receivable	-221.9	-105.74	-234.11	82.57
Change in Inventory	0.14	0.07	-0.22	-0.16
Change in Accounts Payable	15.13	-19.69	42.44	-83.27
Change in Unearned Revenue	46.27	46.45	46.81	65.08
Operating Cash Flow	-10.73	79.3	-23.07	207.2
Operating Cash Flow Growth	-	-	-	1117.44%
Capital Expenditures	-8.59	-6.76	-5.71	-5.52
Sale of Property, Plant & Equipment	0.3	0.22	0.47	0.68
Cash Acquisitions	-70.3	2.07	-88.16	-242.77
Divestitures	-	15.05	-	-
Sale (Purchase) of Intangibles	-0.16	-0.1	-1	-1.62
Sale (Purchase) of Real Estate	-	-0.4	-	-
Investment in Securities	2.06	-3.56	0.09	26.17
Other Investing Activities	-1.2	7.29	2.53	0.52
Investing Cash Flow	-77.89	13.8	-91.79	-222.53
Short-Term Debt Issued	-	-	-	0.63
Long-Term Debt Issued	47.45	51	-	-
Total Debt Issued	47.45	51	-	0.63
Short-Term Debt Repaid	-	-	-0.63	-2.28
Long-Term Debt Repaid	-32.76	-12.05	-2.99	-2.6
Total Debt Repaid	-32.76	-12.05	-3.62	-4.88
Net Debt Issued (Repaid)	14.69	38.95	-3.62	-4.25
Issuance of Common Stock	-	-	-	133.4
Other Financing Activities	-30.39	-34.16	-18.98	-13.12
Financing Cash Flow	-15.71	4.79	-22.61	116.04
Foreign Exchange Rate Adjustments	-0.17	4.4	22.16	-0.98
Net Cash Flow	-104.5	102.28	-115.31	99.72
Free Cash Flow	-19.32	72.54	-28.77	201.68
Free Cash Flow Growth	-	-	-	1286.08%
Free Cash Flow Margin	-1.42%	5.52%	-2.76%	26.30%
Free Cash Flow Per Share	-0.04	0.13	-0.05	0.36
Cash Income Tax Paid	29.9	30.74	66.22	15.59
Levered Free Cash Flow	-19.08	79.43	109.37	238.23
Unlevered Free Cash Flow	-16.79	80.3	109.66	238.52
Change in Working Capital	-160.37	-78.91	-145.09	64.22

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