Shanghai Jahwa United 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	267.58	-833.09	500.05	472.04	649.25
Depreciation & Amortization	215.41	163.59	207.29	213.51	230.91
Other Amortization	12.09	58.03	14.96	20.95	34.57
Loss (Gain) From Sale of Assets	-9.44	-0.28	-0.01	-1.08	1.54
Asset Writedown & Restructuring Costs	-81.02	612.59	-	-	2.2
Loss (Gain) From Sale of Investments	-41.23	135.05	-196.87	60.35	-166.75
Provision & Write-off of Bad Debts	-	-17.56	28.92	18.09	-20.34
Other Operating Activities	8.05	33.13	75.55	56.66	58.32
Change in Accounts Receivable	195.18	459.31	143.56	-209.21	-14.69
Change in Inventory	34.33	106.89	130.92	-80.45	-52.46
Change in Accounts Payable	178.29	-429.33	-814.74	124.05	167.49
Change in Other Net Operating Assets	19.55	-	-33.47	-2.8	114.06
Operating Cash Flow	801.36	273.2	103.15	664.89	993.1
Operating Cash Flow Growth	193.33%	164.86%	-84.49%	-33.05%	54.34%
Capital Expenditures	-76.82	-96.19	-119.28	-114.22	-140.62
Sale of Property, Plant & Equipment	9.95	3.64	0.17	0.97	1.61
Investment in Securities	-648.55	-97.62	-371.91	-251.5	-367.97
Other Investing Activities	177.39	83.83	130.14	209.29	123.34
Investing Cash Flow	-538.03	-106.34	-360.88	-155.45	-383.65
Long-Term Debt Issued	521.64	145.2	43.94	5.17	-
Total Debt Issued	521.64	145.2	43.94	5.17	-
Long-Term Debt Repaid	-574.15	-392.79	-286.1	-138.76	-59.86
Net Debt Issued (Repaid)	-52.51	-247.59	-242.15	-133.59	-59.86
Issuance of Common Stock	-	-	-	12.08	47.22
Repurchase of Common Stock	-	-69.29	-58.69	-28.08	-42.81
Common Dividends Paid	-54.26	-228.54	-198.2	-234.24	-166.18
Other Financing Activities	-133.06	-0.03	-0.01	-0.01	-6.73
Financing Cash Flow	-239.83	-545.44	-499.05	-383.84	-228.37
Foreign Exchange Rate Adjustments	-30.68	-7.99	10.1	-37.69	-70.53
Net Cash Flow	-7.18	-386.57	-746.68	87.92	310.54
Free Cash Flow	724.54	177.01	-16.13	550.67	852.48
Free Cash Flow Growth	309.33%	-	-	-35.40%	58.48%
Free Cash Flow Margin	11.47%	3.12%	-0.24%	7.75%	11.15%
Free Cash Flow Per Share	1.08	0.26	-0.02	0.82	1.26
Cash Income Tax Paid	420.74	401.3	421.42	472.34	597.3
Levered Free Cash Flow	288.41	93.73	-232.35	638.54	591.22
Unlevered Free Cash Flow	288.41	134.39	-189.89	666.83	609.52
Change in Working Capital	429.92	121.74	-526.74	-175.62	203.39

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