Zhenro 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	-235.92	-81.19	-281.33	174.58
Depreciation & Amortization	11.23	12.5	14.86	14.06
Other Amortization	1.36	1.14	1.06	1.5
Loss (Gain) From Sale of Assets	2.05	-	-	-
Asset Writedown & Restructuring Costs	258.39	64.59	292.45	27.7
Loss (Gain) on Equity Investments	0.3	0.11	-	-
Provision & Write-off of Bad Debts	31.18	42.31	16.85	11.1
Other Operating Activities	39.83	78.33	67.02	-2.43
Change in Accounts Receivable	-63.81	-69.39	10.84	-46.74
Change in Accounts Payable	-30.13	15.96	-51.23	30.12
Change in Other Net Operating Assets	29.56	73.15	-66.93	-17.24
Operating Cash Flow	45.39	135.34	2.82	195.58
Operating Cash Flow Growth	-66.46%	4695.85%	-98.56%	22.03%
Capital Expenditures	-11.02	-2.42	-4.01	-6.55
Sale of Property, Plant & Equipment	0.13	0.11	0.26	0.88
Cash Acquisitions	-	-	-	-847.96
Divestitures	-	-	-4.55	-
Sale (Purchase) of Intangibles	-0.6	0.01	0.12	-1.89
Sale (Purchase) of Real Estate	3.9	-143	-	-
Investment in Securities	-	-	-0.2	-0.98
Other Investing Activities	-	-	-	-9.8
Investing Cash Flow	-7.59	-145.31	-8.38	-866.3
Long-Term Debt Issued	50.61	106.53	89.96	127.37
Total Debt Issued	50.61	106.53	89.96	127.37
Short-Term Debt Repaid	-	-0.2	-	-0.02
Long-Term Debt Repaid	-95.22	-206.12	-112.96	-81.4
Total Debt Repaid	-95.22	-206.32	-112.96	-81.42
Net Debt Issued (Repaid)	-44.61	-99.79	-23	45.95
Common Dividends Paid	-	-	-	-72.63
Other Financing Activities	-2.3	1.21	-23.27	-2.83
Financing Cash Flow	-46.91	-98.58	-46.27	-29.51
Foreign Exchange Rate Adjustments	-0.01	-0.02	0.01	-14.38
Net Cash Flow	-9.12	-108.58	-51.82	-714.6
Free Cash Flow	34.37	132.92	-1.19	189.03
Free Cash Flow Growth	-74.14%	-	-	20.72%
Free Cash Flow Margin	3.08%	11.60%	-0.10%	14.15%
Free Cash Flow Per Share	0.03	0.13	-0.00	0.18
Cash Interest Paid	3.42	3.8	5.66	5.59
Cash Income Tax Paid	3.89	8.95	28.27	79.27
Levered Free Cash Flow	-32.8	131.25	31.55	22.42
Unlevered Free Cash Flow	-24.45	135.47	38.88	28.74
Change in Working Capital	-64.39	19.71	-107.32	-33.86

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