Yuexiu Services 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	352.92	487.02	416.1	359.54
Depreciation & Amortization	101.68	82.35	69.55	66.9
Other Amortization	3.76	4.02	9.41	9.41
Loss (Gain) From Sale of Assets	-1.9	0.03	0.03	-0.92
Asset Writedown & Restructuring Costs	236.87	-	-	-
Loss (Gain) From Sale of Investments	15.57	7.64	3.58	3.69
Loss (Gain) on Equity Investments	-0.96	-0.15	-0.12	-0.19
Stock-Based Compensation	-	6.93	-	-
Other Operating Activities	-86.17	29.8	-0.01	9.58
Change in Accounts Receivable	-209.17	25.59	-184.09	-105.06
Change in Inventory	3.76	-3.98	-5.27	-0.12
Change in Accounts Payable	252.22	46.17	283.11	239.14
Change in Unearned Revenue	-100.4	-25.57	172.52	421.41
Change in Other Net Operating Assets	-178.2	35.17	-14.38	-5.27
Operating Cash Flow	389.99	695.01	750.42	998.12
Operating Cash Flow Growth	-43.89%	-7.38%	-24.82%	121.67%
Capital Expenditures	-16.71	-18.8	-16.03	-14.25
Sale of Property, Plant & Equipment	0.45	3.72	2.83	0.85
Cash Acquisitions	-	-	-5.17	-
Sale (Purchase) of Intangibles	-2.51	-2.1	-4.09	-13.94
Investment in Securities	-2,688	-11.04	-	-
Other Investing Activities	-	-	-	164.91
Investing Cash Flow	-2,707	-28.23	-22.47	137.58
Long-Term Debt Issued	-	-	-	3.32
Long-Term Debt Repaid	-80.61	-60.88	-51.78	-190.42
Net Debt Issued (Repaid)	-80.61	-60.88	-51.78	-187.1
Issuance of Common Stock	-	-	-	2,007
Repurchase of Common Stock	-33.63	-	-	-
Common Dividends Paid	-261.52	-273.6	-135.89	-90.2
Other Financing Activities	-	7.19	3.22	-40.46
Financing Cash Flow	-375.77	-327.29	-184.45	1,689
Foreign Exchange Rate Adjustments	2.16	-5.08	13.85	-15.84
Net Cash Flow	-2,691	334.42	557.36	2,809
Free Cash Flow	373.27	676.21	734.39	983.87
Free Cash Flow Growth	-44.80%	-7.92%	-25.36%	125.58%
Free Cash Flow Margin	9.65%	20.98%	29.54%	51.29%
Free Cash Flow Per Share	0.25	0.44	0.48	0.75
Cash Interest Paid	-	-	-	0.08
Cash Income Tax Paid	159.5	180.29	149.18	174.4
Levered Free Cash Flow	309.75	947.76	616.86	423.97
Unlevered Free Cash Flow	313.07	950.82	618.83	426.1
Change in Working Capital	-231.79	77.38	251.88	550.11

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.