Xiangcai Co.,Ltd 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	405.31	109.17	119.42	-326.29	485.75	356.32
Depreciation & Amortization, Total	91.28	91.28	128.58	125.03	113.65	63.96
Gain (Loss) On Sale of Investments	-167.23	-167.23	-287.19	289.92	-359.62	78.95
Change in Accounts Receivable	-1,082	-1,082	-1,832	-779.86	-1,450	-1,306
Change in Accounts Payable	7,026	7,026	-1,163	-430.85	-243.53	2,033
Change in Other Net Operating Assets	-	-	-11.65	12.46	9.54	-
Other Operating Activities	-4,953	320.97	382.19	381.07	428.36	289.05
Operating Cash Flow	832.32	5,810	-1,414	839.24	-348.62	254.97
Capital Expenditures	-54.54	-69.89	-101.5	-86.73	-108.67	-69.81
Investment in Securities	-100.85	13.95	107.68	8.84	-2,212	-398.43
Other Investing Activities	2.19	0.25	12.26	0.31	0	1.33
Investing Cash Flow	-134.96	-37.48	83.44	-66.89	-2,248	-343.87
Short-Term Debt Issued	-	-	-	-	1,019	-
Long-Term Debt Issued	-	3,405	1,471	3,869	3,964	1,532
Total Debt Issued	3,811	3,405	1,471	3,869	4,983	1,532
Long-Term Debt Repaid	-	-3,513	-1,401	-1,939	-4,649	-3,298
Total Debt Repaid	-1,935	-3,513	-1,401	-1,939	-4,649	-3,298
Net Debt Issued (Repaid)	1,876	-108.38	70.06	1,930	334.01	-1,766
Issuance of Common Stock	-	-	40.27	1.64	1,729	980
Repurchase of Common Stock	-44.29	-44.29	-	-	-	-
Common Dividends Paid	-223.48	-447.02	-528.7	-740.42	-515.9	-306.76
Other Financing Activities	106.56	-869.96	-542.49	-1,304	1,190	1,688
Financing Cash Flow	1,714	-1,470	-960.85	-112.7	2,737	595.77
Foreign Exchange Rate Adjustments	2.58	3.26	2.98	18.13	-4.14	-12.04
Net Cash Flow	2,414	4,306	-2,289	677.78	136.2	494.84
Free Cash Flow	777.78	5,740	-1,516	752.51	-457.29	185.16
Free Cash Flow Growth	-87.09%	-	-	-	-	-94.19%
Free Cash Flow Margin	37.77%	332.90%	-83.31%	25.12%	-11.42%	8.41%
Free Cash Flow Per Share	0.27	2.01	-0.53	0.26	-0.17	0.07
Cash Interest Paid	407.59	303.17	302.45	342.91	429.58	406.26
Cash Income Tax Paid	292.69	112.52	200.83	113.88	320.55	179.93

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.