Guming Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,370	1,479	1,080	366.62	20.14
Depreciation & Amortization	154.89	140.04	134.77	117.25	67.81
Other Amortization	0.22	0.3	0.37	1.7	2.06
Loss (Gain) From Sale of Assets	-1.08	1.16	0.97	-0.19	-
Loss (Gain) From Sale of Investments	-565.58	10.14	292.31	378.59	712.1
Stock-Based Compensation	-	-	55.54	24.48	17.23
Other Operating Activities	64.72	27.68	2.47	-78.81	71.59
Change in Accounts Receivable	-404.91	-251.51	-41.95	-3.11	-9.03
Change in Inventory	-55.34	-103.1	-175.58	1.23	-488.12
Change in Accounts Payable	400.62	96.62	211.73	239.95	-60.71
Change in Unearned Revenue	-32.82	1.34	-14.55	-11.27	14.39
Change in Other Net Operating Assets	114.33	-80.62	27.6	-25.27	-79.97
Operating Cash Flow	2,045	1,321	1,573	1,011	267.47
Operating Cash Flow Growth	30.00%	-16.06%	55.59%	278.05%	-
Capital Expenditures	-330.37	-449.1	-398.85	-90.12	-163.53
Sale of Property, Plant & Equipment	43.64	54.57	10.82	5.74	1.11
Sale (Purchase) of Intangibles	-	-1.05	-	-	-1.08
Investment in Securities	-1,658	-1,488	-145.29	132.53	-74.97
Other Investing Activities	79.73	62.44	62.37	-105.49	0.87
Investing Cash Flow	-1,865	-1,822	-470.95	-57.34	-237.6
Long-Term Debt Issued	-	121	171.05	-	-
Long-Term Debt Repaid	-	-180.07	-107.51	-56.04	-37.78
Net Debt Issued (Repaid)	1,535	-59.07	63.54	-56.04	-37.78
Issuance of Common Stock	1,869	-	300	-	-
Repurchase of Common Stock	-	-	-94.35	-	-
Other Financing Activities	-1,735	75.99	-129.23	61.36	-5.08
Financing Cash Flow	779.96	16.92	139.96	5.32	-42.86
Foreign Exchange Rate Adjustments	6.63	-8.64	1.18	3.52	-1.33
Net Cash Flow	967.3	-492.72	1,243	962.66	-14.31
Free Cash Flow	1,715	871.47	1,174	921.05	103.94
Free Cash Flow Growth	46.01%	-25.80%	27.51%	786.16%	-
Free Cash Flow Margin	16.42%	9.91%	15.30%	16.57%	2.37%
Free Cash Flow Per Share	0.74	0.42	0.57	-	-
Cash Interest Paid	22.23	5	5.23	5.42	5.08
Cash Income Tax Paid	286.77	245.83	310.17	354.66	159.59
Levered Free Cash Flow	-	678.19	682.17	-1,557	-
Unlevered Free Cash Flow	-	680.27	685.45	-1,554	-
Change in Working Capital	21.88	-337.27	7.25	201.53	-623.45

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