Fuxing China Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023
Net Income	20.25	-4.54	0.7	7.16	-11.03
Depreciation & Amortization	40.51	42.25	40.89	43.15	42.57
Other Amortization	-	0.61	0.5	0.05	-
Loss (Gain) From Sale of Assets	-19.5	0.52	-7.12	3.19	-
Asset Writedown & Restructuring Costs	3.06	-	-	-	-3.46
Provision & Write-off of Bad Debts	1.85	-1.91	-10.63	-12.34	1.61
Other Operating Activities	-13.36	0.25	-5.53	0.17	3.1
Change in Accounts Receivable	27.13	0.4	-12.88	42.57	42.93
Change in Inventory	-3.9	17.47	13.88	-9.27	-27.93
Change in Accounts Payable	-23.82	0.5	3.9	-7.92	-11.31
Change in Income Taxes	-	-0.52	-	-0.02	-
Change in Other Net Operating Assets	12.1	43.92	44.63	-16.07	-16.41
Operating Cash Flow	44.32	98.95	68.34	50.66	20.07
Operating Cash Flow Growth	-55.21%	44.80%	34.90%	152.45%	-79.01%
Capital Expenditures	-16.07	-18.4	-12.16	-7.72	-8.95
Sale of Property, Plant & Equipment	1.27	-	10.27	-	-
Divestitures	46.07	-	-	-	-
Sale (Purchase) of Intangibles	-1.08	-	-3	-3.05	-
Other Investing Activities	0.52	-	0.57	-	0.76
Investing Cash Flow	30.71	-18.4	-4.33	-10.77	-8.19
Short-Term Debt Issued	52.64	400.33	132.19	412.11	104.82
Total Debt Issued	52.64	400.33	132.19	412.11	104.82
Short-Term Debt Repaid	-106	-446.57	-130.84	-464	-145.47
Total Debt Repaid	-106	-446.57	-130.84	-464	-145.47
Net Debt Issued (Repaid)	-53.36	-46.25	1.35	-51.89	-40.65
Issuance of Common Stock	6.26	-	-	-	-
Other Financing Activities	15.35	-2.46	-12.7	-6.82	-16.53
Financing Cash Flow	-31.75	-48.71	-11.35	-58.72	-57.18
Foreign Exchange Rate Adjustments	-	-7.05	-	-14.85	-
Net Cash Flow	43.28	24.8	52.67	-33.68	-45.3
Free Cash Flow	28.25	80.55	56.18	42.94	11.12
Free Cash Flow Growth	-64.93%	43.39%	30.83%	286.15%	-85.80%
Free Cash Flow Margin	4.20%	10.47%	7.63%	5.59%	1.46%
Free Cash Flow Per Share	1.60	4.68	3.27	2.50	0.65
Cash Interest Paid	5.64	9.27	9.4	10.89	11.3
Cash Income Tax Paid	0.31	2.54	2.24	1.75	2.79
Levered Free Cash Flow	72.66	85.89	27.64	-	-8.86
Unlevered Free Cash Flow	76.19	89.4	33.51	-	-1.8
Change in Working Capital	11.51	61.77	49.54	9.29	-12.72

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