Leading Holdings 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	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-2,085	-1,319	-4,150	488.45	860.31
Depreciation & Amortization	49.95	43.17	55.32	44.79	40.72
Loss (Gain) From Sale of Assets	-	-37.89	-8.02	-39.28	-
Asset Writedown & Restructuring Costs	398.7	355.9	433.82	-2	49.28
Loss (Gain) From Sale of Investments	-2.91	-	-8.82	-	-
Loss (Gain) on Equity Investments	35.55	-9.57	160.64	-110.54	12.63
Other Operating Activities	2,442	1,925	2,573	114.78	455.48
Change in Accounts Receivable	9.37	-20.65	39.62	-8.23	-12.07
Change in Inventory	4,462	10,238	5,760	-1,125	-5,919
Change in Accounts Payable	-74.84	-868.24	-1,293	1,603	2,493
Change in Unearned Revenue	-5,974	-10,719	-917.17	4,656	5,367
Change in Other Net Operating Assets	566.78	629.75	204.08	-99.01	-1,618
Operating Cash Flow	-171.42	217.53	2,849	5,522	1,729
Operating Cash Flow Growth	-	-92.36%	-48.41%	219.39%	-
Capital Expenditures	-0	-14.05	-17.99	-10.07	-15.61
Sale of Property, Plant & Equipment	-	6.42	30.48	247.6	0
Cash Acquisitions	-69.88	-	-6.61	-525.62	-1,433
Divestitures	-118.59	-266.21	9.57	51.96	-
Sale (Purchase) of Intangibles	-0.54	-1.91	-1.25	-9.26	-7.83
Investment in Securities	197.22	2.1	69.97	405.15	-481.94
Other Investing Activities	1,523	1,878	59.86	-2,501	-1,227
Investing Cash Flow	1,531	1,604	144.03	-2,341	-3,166
Long-Term Debt Issued	-	15	755	5,650	9,316
Long-Term Debt Repaid	-614.51	-1,762	-3,670	-7,325	-8,003
Net Debt Issued (Repaid)	-614.51	-1,747	-2,915	-1,674	1,313
Issuance of Common Stock	-	-	-	127.76	1,202
Other Financing Activities	-1,182	-1,360	-1,780	-1,514	1,717
Financing Cash Flow	-1,796	-3,107	-4,695	-3,061	4,232
Net Cash Flow	-436.7	-1,285	-1,702	120.72	2,796
Free Cash Flow	-171.42	203.48	2,831	5,512	1,713
Free Cash Flow Growth	-	-92.81%	-48.65%	221.71%	-
Free Cash Flow Margin	-2.00%	1.10%	20.25%	36.61%	13.02%
Free Cash Flow Per Share	-0.17	0.20	2.76	5.37	2.24
Cash Interest Paid	211.44	544.32	1,030	1,317	1,360
Cash Income Tax Paid	57.21	348.68	789.47	952.11	988.67
Levered Free Cash Flow	2,174	3,033	3,508	1,114	-857.38
Unlevered Free Cash Flow	2,377	3,197	3,795	1,299	-665.79
Change in Working Capital	-1,010	-740.02	3,793	5,026	310.64

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