JF SmartInvest Holdings 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	272.37	190.72	460.55	232.18
Depreciation & Amortization	88.91	70.77	48.97	30.68
Other Amortization	1.94	2.19	0.76	12.58
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.01	-9.06
Loss (Gain) From Sale of Investments	64.32	-15.35	-25.95	-22.42
Stock-Based Compensation	78.09	128.91	-	-
Provision & Write-off of Bad Debts	-1.45	2.16	-	-
Other Operating Activities	-6.75	-9.17	-43.48	46.25
Change in Unearned Revenue	799.58	112.17	-87.84	320.44
Change in Other Net Operating Assets	330.83	-38.39	-115.08	-14.49
Operating Cash Flow	1,628	443.98	237.92	596.15
Operating Cash Flow Growth	266.64%	86.61%	-60.09%	91.36%
Capital Expenditures	-7.66	-11.79	-9.78	-14.47
Sale of Property, Plant & Equipment	0.06	0.04	0.03	15.29
Cash Acquisitions	-51.77	-63.55	-	-
Investment in Securities	234.96	-570.04	114.28	-380.46
Other Investing Activities	18.03	13	-	-
Investing Cash Flow	193.61	-632.34	104.53	-379.64
Long-Term Debt Repaid	-77.68	-60.89	-29.42	-24.77
Net Debt Issued (Repaid)	-77.68	-60.89	-29.42	-24.77
Issuance of Common Stock	-	904.19	-	-
Repurchase of Common Stock	-181.47	-	-	-
Common Dividends Paid	-88.67	-214.86	-	-
Other Financing Activities	-2	-47.76	-3.31	-164.63
Financing Cash Flow	-349.81	580.67	-32.73	-189.4
Foreign Exchange Rate Adjustments	-8.82	0.57	0.03	-
Net Cash Flow	1,463	392.88	309.75	27.1
Free Cash Flow	1,620	432.19	228.14	581.67
Free Cash Flow Growth	274.87%	89.44%	-60.78%	112.73%
Free Cash Flow Margin	70.26%	21.99%	12.33%	40.06%
Free Cash Flow Per Share	3.80	1.00	0.60	1.54
Cash Interest Paid	2	1.66	2.33	1.77
Cash Income Tax Paid	32.45	12.95	59.31	24.11
Levered Free Cash Flow	1,264	332.03	25.53	532.69
Unlevered Free Cash Flow	1,265	333.06	26.98	533.8
Change in Working Capital	1,130	73.78	-202.92	305.94

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.