Jiumaojiu International Holdings Limited (HKG:9922)

HKG:9922 Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	58.2	55.81	453.46	49.28	339.94
Depreciation & Amortization	756.9	856.41	712.87	588.65	499.56
Other Amortization	13.9	12.03	8.08	4.63	2.13
Loss (Gain) From Sale of Assets	15.86	23.06	-2.73	2.73	2.47
Asset Writedown & Restructuring Costs	29.35	111.56	21.82	7.17	18.8
Loss (Gain) From Sale of Investments	-6.98	19.82	16.06	7.69	1.79
Loss (Gain) on Equity Investments	7.23	3.92	2.2	3.26	-0.98
Stock-Based Compensation	21.13	18.23	21.15	13.73	8.27
Other Operating Activities	24.86	-28.79	102.62	6.57	89.4
Change in Accounts Receivable	75.69	-94.82	-203.48	-70.06	-106.74
Change in Inventory	28.32	16.62	-13.98	-47.35	-19.66
Change in Accounts Payable	-109.86	45.32	111.57	128.36	21.07
Change in Unearned Revenue	-7.03	11.86	3.7	-1.66	1.81
Change in Other Net Operating Assets	99.13	-75.05	-220.89	-8.77	-1.67
Operating Cash Flow	1,007	975.98	1,012	684.24	856.18
Operating Cash Flow Growth	3.15%	-3.60%	47.97%	-20.08%	49.96%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-355.89	-527.95	-576.22	-370.06	-336.27
Sale of Property, Plant & Equipment	10.19	5.47	1.21	1.02	9.11
Cash Acquisitions	-	-	-	-	-1.05
Divestitures	-	-	-	0.6	-
Sale (Purchase) of Intangibles	-14.33	-12.92	-10.32	-10.57	-6.31
Investment in Securities	450.01	-280.1	405.72	-163.69	-168.21
Other Investing Activities	-11.01	17.73	29.42	-45	12.29
Investing Cash Flow	78.98	-797.77	-150.19	-587.69	-490.43

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	263.83	284.01	286.79	60	-
Total Debt Issued	263.83	284.01	286.79	60	-
Short-Term Debt Repaid	-	-	-	-	-42.95
Long-Term Debt Repaid	-852.18	-780.03	-604.16	-471.38	-387.37
Total Debt Repaid	-852.18	-780.03	-604.16	-471.38	-430.32
Net Debt Issued (Repaid)	-588.35	-496.02	-317.37	-411.38	-430.32
Issuance of Common Stock	-	-	4.94	12.81	-
Repurchase of Common Stock	-12.83	-126.38	-137.26	-	-
Common Dividends Paid	-51.63	-192.68	-12.8	-70.97	-48.73
Other Financing Activities	-15.4	-89.62	-183.93	-11.31	-309.54
Financing Cash Flow	-668.2	-904.7	-646.41	-480.85	-788.59

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-6.45	6.56	12.2	141.09	-78.97
Net Cash Flow	411.01	-719.93	228.03	-243.22	-501.81

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	650.8	448.03	436.21	314.18	519.91
Free Cash Flow Growth	45.26%	2.71%	38.84%	-39.57%	78.97%
Free Cash Flow Margin	12.43%	7.38%	7.29%	7.84%	12.44%
Free Cash Flow Per Share	0.47	0.32	0.30	0.22	0.36
Levered Free Cash Flow	488.91	214.64	478.46	304.51	366.79
Unlevered Free Cash Flow	550.71	283.99	536.5	355.2	413.86

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	10.94	10.31	4.73	0.81	0.54
Cash Income Tax Paid	41.8	100.24	107.11	87.72	133.43
Change in Working Capital	86.25	-96.07	-323.09	0.53	-105.19

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 29, 2026

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