Laopu Gold 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	1,473	416.3	94.53	113.88
Depreciation & Amortization	180.78	119.12	82.44	60.7
Other Amortization	0.99	1.89	1.2	0.86
Loss (Gain) From Sale of Assets	3.85	0.32	1.3	0.01
Asset Writedown & Restructuring Costs	-	-	0.63	-
Stock-Based Compensation	28.63	8.63	1.85	4.26
Provision & Write-off of Bad Debts	6.03	3.54	-0.19	0.49
Other Operating Activities	116.05	29.63	14.15	4.17
Change in Accounts Receivable	-430.65	-279.57	4.37	-27.7
Change in Inventory	-2,812	-461.89	-34.78	-89.92
Change in Accounts Payable	167.6	52.47	-1.98	-6.84
Change in Unearned Revenue	-17.88	19.76	3.87	2.63
Change in Other Net Operating Assets	55.49	60.61	-18.87	39.7
Operating Cash Flow	-1,228	-29.2	148.5	102.25
Operating Cash Flow Growth	-	-	45.24%	-
Capital Expenditures	-70.92	-59.54	-34.6	-31.19
Sale of Property, Plant & Equipment	-	0.32	0.02	0.24
Investing Cash Flow	-70.92	-59.22	-34.58	-30.95
Short-Term Debt Issued	1,485	127.04	-	-
Long-Term Debt Issued	-	-	183.41	199.09
Total Debt Issued	1,485	127.04	183.41	199.09
Short-Term Debt Repaid	-229	-138	-	-
Long-Term Debt Repaid	-150.81	-89.69	-249.03	-247.66
Total Debt Repaid	-379.81	-227.69	-249.03	-247.66
Net Debt Issued (Repaid)	1,105	-100.65	-65.62	-48.57
Issuance of Common Stock	950.97	221.75	-	-
Other Financing Activities	-95.85	-22.13	-13.65	-7.12
Financing Cash Flow	1,960	98.97	-79.27	-55.68
Foreign Exchange Rate Adjustments	1.9	-1	0.45	-0.14
Net Cash Flow	662.81	9.56	35.09	15.47
Free Cash Flow	-1,299	-88.74	113.9	71.06
Free Cash Flow Growth	-	-	60.28%	-
Free Cash Flow Margin	-15.28%	-2.79%	8.80%	5.62%
Free Cash Flow Per Share	-8.35	-0.65	0.83	0.52
Cash Interest Paid	25.9	5.72	5.92	5.64
Cash Income Tax Paid	388.13	126.91	31.95	47.7
Levered Free Cash Flow	-1,574	-176.37	75.56	-
Unlevered Free Cash Flow	-1,556	-165.07	86.11	-
Change in Working Capital	-3,038	-608.62	-47.4	-82.13

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