Green Tea Group Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	409.42	350.17	295.54	16.58
Depreciation & Amortization	437.06	420.12	369.65	324.38
Other Amortization	0.63	0.63	0.33	0.31
Loss (Gain) From Sale of Assets	-1.05	-1.05	0.71	1.26
Asset Writedown & Restructuring Costs	-	-	4.64	-
Stock-Based Compensation	5.45	5.45	0.84	-0.78
Other Operating Activities	222.34	-0.39	63.92	33.63
Change in Accounts Receivable	-32.35	-32.35	-69.5	-30.29
Change in Inventory	-7.34	-7.34	-3.18	-9.24
Change in Accounts Payable	-2.44	-2.44	128.92	6.94
Change in Unearned Revenue	1.17	1.17	1.37	4.82
Operating Cash Flow	1,033	733.96	793.24	347.61
Operating Cash Flow Growth	197.14%	-7.47%	128.20%	-
Capital Expenditures	-354.07	-336.36	-306.22	-219.76
Sale of Property, Plant & Equipment	1.06	0.91	-	0.02
Cash Acquisitions	-10.4	-10.4	-	-
Sale (Purchase) of Intangibles	-1.07	-1.54	-0.73	-
Investment in Securities	-217.34	97.66	-80	-
Other Investing Activities	1.65	1.94	6.52	3.89
Investing Cash Flow	-580.16	-247.79	-380.43	-215.84
Short-Term Debt Issued	-	-	50.1	116
Total Debt Issued	-	-	50.1	116
Short-Term Debt Repaid	-	-50.1	-31	-85.5
Long-Term Debt Repaid	-	-178.89	-145.8	-119.56
Total Debt Repaid	-198.01	-228.99	-176.8	-205.06
Net Debt Issued (Repaid)	-198.01	-228.99	-126.7	-89.06
Common Dividends Paid	-	-350.03	-	-
Other Financing Activities	-40.49	-16.46	-64.09	-38.81
Financing Cash Flow	504.38	-595.48	-190.8	-127.87
Foreign Exchange Rate Adjustments	-4	0.17	-0.13	-0.71
Net Cash Flow	953.11	-109.14	221.88	3.19
Free Cash Flow	678.82	397.61	487.02	127.85
Free Cash Flow Growth	430.95%	-18.36%	280.92%	-
Free Cash Flow Margin	15.90%	10.36%	13.57%	5.38%
Free Cash Flow Per Share	1.23	0.74	0.91	0.24
Cash Interest Paid	39.31	39.34	36.83	36.05
Cash Income Tax Paid	59.55	104.55	60.32	17.09
Levered Free Cash Flow	-	-89.27	768.9	-
Unlevered Free Cash Flow	-	-60.95	795.56	-
Change in Working Capital	-40.96	-40.96	57.61	-27.77

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