Cheerwin Group 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	203.38	175.02	66.1	92.09
Depreciation & Amortization	39.16	35.97	32.11	30.55
Loss (Gain) From Sale of Assets	-2.73	-0.07	0.07	0
Asset Writedown & Restructuring Costs	15.98	13.25	-	-
Loss (Gain) From Sale of Investments	24.22	9.89	-21.43	-
Stock-Based Compensation	2.06	5.48	4.34	7.1
Provision & Write-off of Bad Debts	0.02	-0.05	0.68	-0.31
Other Operating Activities	-131.25	-81.85	-61.03	-86.83
Change in Accounts Receivable	-9.38	12.39	-22.92	31.48
Change in Inventory	-49.62	50.69	20.65	18.98
Change in Accounts Payable	-31.63	11.72	-8.47	20.08
Change in Unearned Revenue	-40.23	89.87	74.65	-317.69
Change in Other Net Operating Assets	-10.63	4.61	-13.07	12.64
Operating Cash Flow	9.35	326.92	71.68	-191.9
Operating Cash Flow Growth	-97.14%	356.07%	-	-
Capital Expenditures	-14.65	-15.31	-11.6	-49.45
Sale of Property, Plant & Equipment	0.38	0.15	0.11	0.02
Cash Acquisitions	-	-7.28	-4.4	-
Divestitures	-0.57	-	-	-
Sale (Purchase) of Real Estate	-	-	-0.2	-
Investment in Securities	-257.37	-76.94	-1,311	-176.9
Other Investing Activities	81.97	55.46	37.74	26.41
Investing Cash Flow	-190.25	-43.93	-1,289	-199.92
Short-Term Debt Repaid	-	-	-	-309.92
Long-Term Debt Repaid	-15.88	-8.63	-7.07	-5.01
Total Debt Repaid	-15.88	-8.63	-7.07	-314.92
Net Debt Issued (Repaid)	-15.88	-8.63	-7.07	-314.92
Issuance of Common Stock	-	-	-	2,598
Common Dividends Paid	-157.07	-84	-96.13	-58.67
Other Financing Activities	-12.68	-1	-2.34	-141.19
Financing Cash Flow	-185.63	-93.63	-105.54	2,083
Foreign Exchange Rate Adjustments	9.25	13.09	105.81	-18.23
Net Cash Flow	-357.28	202.44	-1,217	1,673
Free Cash Flow	-5.3	311.6	60.08	-241.35
Free Cash Flow Growth	-	418.64%	-	-
Free Cash Flow Margin	-0.29%	19.29%	4.15%	-13.64%
Free Cash Flow Per Share	-0.00	0.23	0.04	-0.19
Cash Interest Paid	1.88	1	0.86	1.61
Cash Income Tax Paid	71.38	33.14	27.86	90.61
Levered Free Cash Flow	-47.21	287.56	79.44	-261.89
Unlevered Free Cash Flow	-46.04	288.19	79.97	-260.89
Change in Working Capital	-141.49	169.28	50.85	-234.5

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