Pu'er Lancang Ancient Tea 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 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Net Income	-307.55	80.08	72.21	81.17
Depreciation & Amortization	57.33	59.31	48.17	5.91
Other Amortization	1.5	0.94	0.59	2.36
Loss (Gain) From Sale of Assets	-0.28	0.16	0.16	-0.46
Asset Writedown & Restructuring Costs	191.54	1.12	-	0.77
Loss (Gain) From Sale of Investments	16.22	2.52	0.58	-0.61
Loss (Gain) on Equity Investments	1.3	2.86	3.73	-
Other Operating Activities	3.96	-18.58	-2.45	7.67
Change in Accounts Receivable	-9.91	-42.68	-10.35	14.74
Change in Inventory	-64.14	-58.66	-148.69	-31.62
Change in Accounts Payable	-7.22	-4.19	82.63	-20.83
Change in Unearned Revenue	9.54	13.62	-9.92	-
Change in Other Net Operating Assets	0.16	-14.76	2.99	-
Operating Cash Flow	-107.54	21.72	39.64	58.58
Operating Cash Flow Growth	-	-45.19%	-32.34%	-
Capital Expenditures	-53.85	-14.66	-26.16	-16.78
Sale of Property, Plant & Equipment	0.87	0.61	0.08	1
Cash Acquisitions	-2.31	-	-	-
Sale (Purchase) of Intangibles	-2.44	-0.94	-3.05	-
Investment in Securities	-42.98	-0.88	-14.3	-0
Other Investing Activities	2.06	1.63	-33.39	0.61
Investing Cash Flow	-98.64	-14.25	-76.82	-15.17
Short-Term Debt Issued	43.5	-	-	-
Long-Term Debt Issued	189.8	176	63	83
Total Debt Issued	233.3	176	63	83
Short-Term Debt Repaid	-5.6	-	-	-
Long-Term Debt Repaid	-187.38	-168.28	-31.81	-50.55
Total Debt Repaid	-192.98	-168.28	-31.81	-50.55
Net Debt Issued (Repaid)	40.32	7.72	31.19	32.45
Issuance of Common Stock	-	204.17	-	79.8
Common Dividends Paid	-31.08	-6.3	-23.94	-22.79
Other Financing Activities	-	-40.78	-21.58	-2.2
Financing Cash Flow	9.24	164.81	-14.34	87.26
Foreign Exchange Rate Adjustments	-	-	-	-0
Net Cash Flow	-196.94	172.29	-51.52	130.67
Free Cash Flow	-161.39	7.06	13.48	41.8
Free Cash Flow Growth	-	-47.60%	-67.75%	-
Free Cash Flow Margin	-44.66%	1.34%	2.91%	10.99%
Free Cash Flow Per Share	-1.28	0.07	0.14	0.50
Cash Interest Paid	15.08	15.82	13.5	-
Cash Income Tax Paid	15.29	29.12	15.78	54.38
Levered Free Cash Flow	-115	9.26	-	17.53
Unlevered Free Cash Flow	-105.58	19.14	-	22.32
Change in Working Capital	-71.57	-106.67	-83.34	-38.29

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