Lao Feng Xiang Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,950	2,214	1,700	1,876
Depreciation & Amortization	220.91	202.29	204.38	184.17
Other Amortization	51.2	37.57	29.55	23.45
Loss (Gain) From Sale of Assets	18.85	-41.58	1.14	-303.76
Asset Writedown & Restructuring Costs	0.48	0.55	-0.09	0.11
Loss (Gain) From Sale of Investments	125.87	98.04	97.68	3.68
Provision & Write-off of Bad Debts	-1.87	-7	14.74	4.69
Other Operating Activities	785.67	1,111	986.77	900.67
Change in Accounts Receivable	-244.45	578.38	-757.16	-119.31
Change in Inventory	492.44	4,471	-4,254	-670.61
Change in Accounts Payable	-460.29	-1,464	2,984	126.52
Operating Cash Flow	2,939	7,212	964.08	1,990
Operating Cash Flow Growth	-59.25%	648.02%	-51.55%	-15.25%
Capital Expenditures	-92.92	-148.9	-74.71	-55.17
Sale of Property, Plant & Equipment	34.95	0.34	1.21	135.77
Investment in Securities	-85.08	-263.54	12.23	-71.62
Other Investing Activities	13.71	105.94	8.58	7.67
Investing Cash Flow	-129.33	-306.17	-52.7	16.65
Long-Term Debt Issued	14,169	10,674	11,759	15,936
Total Debt Issued	14,169	10,674	11,759	15,936
Long-Term Debt Repaid	-16,433	-12,374	-12,700	-15,206
Total Debt Repaid	-16,433	-12,374	-12,700	-15,206
Net Debt Issued (Repaid)	-2,264	-1,701	-941.21	730.67
Common Dividends Paid	-1,274	-1,025	-1,063	-946.01
Other Financing Activities	-442.21	-447.97	-354.91	-344.44
Financing Cash Flow	-3,981	-3,174	-2,359	-559.78
Foreign Exchange Rate Adjustments	13.41	5.33	-21.46	1.31
Net Cash Flow	-1,158	3,737	-1,469	1,448
Free Cash Flow	2,846	7,063	889.37	1,935
Free Cash Flow Growth	-59.71%	694.12%	-54.03%	-16.30%
Free Cash Flow Margin	5.01%	9.89%	1.41%	3.30%
Free Cash Flow Per Share	5.44	13.50	1.70	3.70
Cash Income Tax Paid	2,031	2,487	1,906	1,330
Levered Free Cash Flow	1,833	6,117	119.1	967.66
Unlevered Free Cash Flow	1,998	6,280	320.22	1,166
Change in Working Capital	-212.27	3,597	-2,070	-699.55

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