NDGPF Cash Flow Statement

Financials in millions CNY. Fiscal year is July - June.

Millions CNY. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	2,168	772.35	-2,383	3,275	7,101
Depreciation & Amortization	3,749	3,434	3,783	3,014	2,750
Loss (Gain) From Sale of Assets	62.69	20.52	-	-	-
Loss (Gain) From Sale of Investments	49.25	82.69	-	-	-
Loss (Gain) on Equity Investments	14.83	-7.66	31.84	-116.51	-186.1
Other Operating Activities	-618.89	-667.09	-1,204	-801.41	-97.34
Change in Accounts Receivable	3,050	-4,504	-85.58	-154.48	-2,864
Change in Inventory	-264.18	-1,080	3,046	-3,956	-2,969
Change in Accounts Payable	-3,251	1,118	3,736	1,769	-1,218
Change in Other Net Operating Assets	26.02	37.84	-	-	-
Operating Cash Flow	4,985	-794.2	6,924	3,030	2,517
Operating Cash Flow Growth	-	-	128.49%	20.41%	-71.88%
Capital Expenditures	-14,831	-12,819	-17,698	-12,621	-6,060
Sale of Property, Plant & Equipment	37.03	32.31	-	-	-
Cash Acquisitions	-	-	-	-61.56	-
Investment in Securities	44.24	-17.94	-108.45	-	-
Other Investing Activities	29.97	148.58	382.06	361.42	424.58
Investing Cash Flow	-14,720	-12,656	-17,424	-12,322	-5,636
Long-Term Debt Issued	43,817	44,456	47,327	35,768	25,147
Long-Term Debt Repaid	-35,925	-34,192	-35,762	-25,912	-16,047
Net Debt Issued (Repaid)	7,893	10,264	11,565	9,857	9,100
Issuance of Common Stock	-	2,825	-	-	-
Common Dividends Paid	-	-	-469.36	-2,017	-1,507
Other Financing Activities	2,465	577.27	40.76	1,081	36.8
Financing Cash Flow	10,358	13,666	11,136	8,921	7,630
Foreign Exchange Rate Adjustments	21.62	27.13	26.21	-6.28	-39.12
Net Cash Flow	644.37	243.18	663.14	-376.72	4,472
Free Cash Flow	-9,846	-13,613	-10,773	-9,591	-3,543
Free Cash Flow Margin	-15.57%	-22.88%	-18.99%	-14.86%	-5.75%
Free Cash Flow Per Share	-2.10	-2.90	-2.30	-2.04	-0.76
Cash Interest Paid	2,198	2,195	2,018	1,100	854.02
Cash Income Tax Paid	119.09	163.4	62.95	263.98	912.86
Levered Free Cash Flow	-7,298	-13,394	-8,229	-8,566	-5,345
Unlevered Free Cash Flow	-6,288	-12,455	-7,531	-8,086	-4,959
Change in Working Capital	-439.08	-4,429	6,697	-2,341	-7,051

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