Adicon 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	47.01	234.89	680.79	315.54
Depreciation & Amortization	174.01	166.15	191.19	137.1
Other Amortization	2.08	1.29	2.23	0.75
Loss (Gain) From Sale of Assets	10.33	3.77	3.05	3.29
Loss (Gain) From Sale of Investments	139.78	57.86	111.65	39.7
Stock-Based Compensation	2.15	17.05	15.05	37.33
Other Operating Activities	-23.41	37.73	7.05	66.24
Change in Accounts Receivable	-1.73	283.28	-649.73	-304.91
Change in Inventory	47.34	36.84	-115.21	-4.54
Change in Accounts Payable	-21.21	-378.68	511.88	104.86
Change in Other Net Operating Assets	-145.92	-82.65	134.98	168.9
Operating Cash Flow	230.44	377.54	892.94	564.26
Operating Cash Flow Growth	-38.96%	-57.72%	58.25%	17.07%
Capital Expenditures	-115	-149.25	-228.3	-155.01
Sale of Property, Plant & Equipment	2.02	5.96	3.87	1.78
Cash Acquisitions	-	-30.72	-48.69	-21.08
Sale (Purchase) of Intangibles	-2.58	-16.2	-69.06	-1.12
Investment in Securities	46.8	-50.07	-	-30
Other Investing Activities	21.47	20.16	8.87	8.09
Investing Cash Flow	-47.29	-220.12	-333.3	-197.33
Long-Term Debt Issued	916.94	655	1,098	42
Long-Term Debt Repaid	-569.83	-982.6	-217.81	-179.54
Total Debt Repaid	-569.83	-982.6	-217.81	-179.54
Net Debt Issued (Repaid)	347.11	-327.6	880.58	-137.54
Issuance of Common Stock	-	230.66	-	64.81
Repurchase of Common Stock	-112.84	-	-	-
Common Dividends Paid	-	-	-865.02	-452.59
Other Financing Activities	-336.23	-773.22	-11.84	-80.03
Financing Cash Flow	-101.95	-870.17	3.72	-476.19
Foreign Exchange Rate Adjustments	3.22	-8.45	8.06	-8.35
Net Cash Flow	84.41	-721.2	571.41	-117.61
Free Cash Flow	115.43	228.29	664.64	409.26
Free Cash Flow Growth	-49.43%	-65.65%	62.40%	8.87%
Free Cash Flow Margin	3.96%	6.92%	13.67%	12.11%
Free Cash Flow Per Share	0.16	0.32	0.94	0.65
Cash Interest Paid	41.18	84.85	37.72	5.91
Cash Income Tax Paid	111.2	124.72	100.87	107.08
Levered Free Cash Flow	251.86	-440.59	589.72	482.29
Unlevered Free Cash Flow	284.59	-386.64	629.32	492.49
Change in Working Capital	-121.52	-141.2	-118.08	-35.7

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