Zhejiang Golden Eagle Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	24.45	22.35	35.33	49.5	49.06
Depreciation & Amortization	34.52	33.42	34.94	34.8	38.43
Other Amortization	0.03	0.74	0.77	0.4	2.27
Loss (Gain) From Sale of Assets	-0.48	0.07	-0.15	0.07	-2.15
Asset Writedown & Restructuring Costs	8.59	5.15	2.43	4.31	4.93
Loss (Gain) From Sale of Investments	0.03	1.9	0.25	2.62	-3.29
Provision & Write-off of Bad Debts	-	8.33	-3.38	3.93	6.7
Other Operating Activities	24.21	65.32	18.75	12.24	16.02
Change in Accounts Receivable	-130.43	-19.22	-53.6	20.13	0.77
Change in Inventory	74.18	-151.31	-61.28	-31.76	78.05
Change in Accounts Payable	160.35	-12.23	-47.05	-9.99	-2.01
Change in Other Net Operating Assets	0.72	0.78	21.48	9.42	-0.45
Operating Cash Flow	198.85	-53.47	-49.82	93.1	186.21
Operating Cash Flow Growth	-	-	-	-50.00%	90.53%
Capital Expenditures	-98.7	-8.68	-5.66	-31.15	-16.92
Sale of Property, Plant & Equipment	0.85	0.03	0.54	0.78	16.98
Investment in Securities	-	16.71	-16	-	-
Other Investing Activities	-	0.08	0.13	-0.09	-
Investing Cash Flow	-97.85	8.15	-21	-30.47	0.06
Short-Term Debt Issued	-	-	-	124.29	273.29
Long-Term Debt Issued	376.92	380.18	275.4	-	-
Total Debt Issued	376.92	380.18	275.4	124.29	273.29
Short-Term Debt Repaid	-	-	-	-212.14	-314.58
Long-Term Debt Repaid	-402.76	-211.44	-160.78	-0.08	-0.51
Total Debt Repaid	-402.76	-211.44	-160.78	-212.22	-315.09
Net Debt Issued (Repaid)	-25.84	168.74	114.63	-87.93	-41.8
Issuance of Common Stock	-	-	-	20.04	-
Common Dividends Paid	-50.11	-104.52	-79.9	-81.78	-81.38
Other Financing Activities	62.19	-3.87	-12.68	-	-3.79
Financing Cash Flow	-13.75	60.35	22.04	-149.67	-126.96
Foreign Exchange Rate Adjustments	-11.29	-0.31	-1.68	12.14	-2.52
Net Cash Flow	75.95	14.71	-50.46	-74.9	56.8
Free Cash Flow	100.15	-62.15	-55.48	61.94	169.29
Free Cash Flow Growth	-	-	-	-63.41%	138.85%
Free Cash Flow Margin	7.15%	-4.75%	-4.05%	4.75%	14.00%
Free Cash Flow Per Share	0.29	-0.17	-0.16	0.17	0.48
Cash Income Tax Paid	38.82	36.02	37.11	31.61	42.77
Levered Free Cash Flow	189.88	-102.54	-45.59	32.65	127.93
Unlevered Free Cash Flow	189.88	-93.62	-41.17	36.94	134.19
Change in Working Capital	107.5	-190.77	-138.75	-14.77	74.23

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