ZJLD Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	538.47	1,324	2,327	1,030	1,032
Depreciation & Amortization	357.2	352.49	259.53	157.07	77.32
Loss (Gain) From Sale of Assets	0.18	0.2	-0.2	0.91	6.95
Stock-Based Compensation	-26.15	352.65	70.03	-	-
Other Operating Activities	-257.95	-252.31	-754.21	-401.51	94.31
Change in Accounts Receivable	266.68	-175.19	-63.35	-115.05	9.43
Change in Inventory	-1,683	-1,120	-1,245	-1,489	-1,912
Change in Accounts Payable	890.34	354.76	24.48	494.88	405.99
Change in Other Net Operating Assets	-971.85	-55.3	-257.17	-387.59	1,255
Operating Cash Flow	-885.61	781	361.23	-710.62	969.02
Operating Cash Flow Growth	-	116.21%	-	-	-36.41%
Capital Expenditures	-445.43	-925.47	-858.27	-1,067	-635.83
Sale of Property, Plant & Equipment	4.86	0.87	1.21	2.76	6.2
Sale (Purchase) of Intangibles	-13.7	-150.8	-102.96	-355.32	-768.05
Other Investing Activities	232.42	188.76	119.65	30.77	12.71
Investing Cash Flow	-203.51	-767.48	-840.37	-1,389	-1,385
Long-Term Debt Issued	986	797.79	-	490	840
Long-Term Debt Repaid	-555.81	-343.82	-30.7	-1,371	-909.81
Net Debt Issued (Repaid)	430.19	453.97	-30.7	-880.74	-69.81
Issuance of Common Stock	-	35.74	4,526	-	11.78
Repurchase of Common Stock	-96.19	-	-	-	-
Common Dividends Paid	-652.13	-692.83	-	-	-
Other Financing Activities	-33.04	-12.88	-4.41	-234.05	-190.94
Financing Cash Flow	-351.18	-215.99	4,491	2,220	1,670
Foreign Exchange Rate Adjustments	-97.53	82.16	75.59	18.28	-21.1
Net Cash Flow	-1,538	-120.31	4,087	138.71	1,233
Free Cash Flow	-1,331	-144.46	-497.04	-1,778	333.19
Free Cash Flow Growth	-	-	-	-	-74.80%
Free Cash Flow Margin	-36.46%	-2.04%	-7.07%	-30.35%	6.53%
Free Cash Flow Per Share	-0.40	-0.04	-0.16	-0.67	-
Cash Interest Paid	33.04	12.88	4.41	29.45	36.42
Cash Income Tax Paid	316.15	599.25	342.81	936.07	327.36
Levered Free Cash Flow	-642.3	-461.98	-377.87	-2,297	1,499
Unlevered Free Cash Flow	-621.65	-453.93	-375.12	-2,279	1,521
Change in Working Capital	-1,497	-995.66	-1,541	-1,497	-241.75

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