Cinda Real Estate 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	-8,723	-783.91	505.37	550.4	815.25
Depreciation & Amortization	53.89	35.48	51.06	49.21	53.64
Other Amortization	2.08	13.52	5.74	5.57	7.93
Loss (Gain) From Sale of Assets	-0.57	-0.23	0.35	-1.17	-16.74
Asset Writedown & Restructuring Costs	4,775	9.74	-	-	3.5
Loss (Gain) From Sale of Investments	406.23	-610.44	-1,706	-1,147	-2,081
Provision & Write-off of Bad Debts	1,576	26.25	38.5	0.8	-2.02
Other Operating Activities	1,890	2,586	3,240	1,802	2,775
Change in Accounts Receivable	-1,959	1,367	-214.73	-2,245	2,828
Change in Inventory	-863.07	762.64	3,413	5,256	9,299
Change in Accounts Payable	3,030	-4,675	-4,531	-3,021	-10,872
Change in Other Net Operating Assets	123.03	91.9	2.58	83.02	78.2
Operating Cash Flow	510.71	-1,141	712.49	1,840	2,712
Operating Cash Flow Growth	-	-	-61.28%	-32.14%	-63.16%
Capital Expenditures	-33.43	-12.74	-39.59	-19.73	-24.17
Sale of Property, Plant & Equipment	20.59	34.4	67.97	3.51	23.1
Cash Acquisitions	303.37	-15.12	-	-888.08	344.98
Divestitures	-	-	-	-319.35	-920.84
Investment in Securities	-1,076	1,274	-254.42	-1,509	-1,858
Other Investing Activities	172.99	99.58	922.97	1,261	-6,592
Investing Cash Flow	-612.55	1,380	696.93	-1,472	-9,027
Long-Term Debt Issued	12,284	7,364	17,155	18,357	18,584
Long-Term Debt Repaid	-13,021	-9,718	-18,512	-15,025	-20,383
Net Debt Issued (Repaid)	-737.61	-2,354	-1,357	3,332	-1,798
Common Dividends Paid	-2,074	-2,139	-2,432	-2,009	-2,233
Other Financing Activities	5,655	-538.06	-364.31	-68.96	-74.84
Financing Cash Flow	2,844	-5,031	-4,154	1,255	-4,107
Net Cash Flow	2,742	-4,792	-2,744	1,622	-10,422
Free Cash Flow	477.28	-1,154	672.91	1,820	2,688
Free Cash Flow Growth	-	-	-63.03%	-32.27%	-63.40%
Free Cash Flow Margin	10.41%	-14.37%	5.89%	9.98%	12.16%
Free Cash Flow Per Share	0.17	-0.40	0.24	0.63	0.96
Cash Income Tax Paid	727.45	1,173	1,142	1,887	2,998
Levered Free Cash Flow	17,792	-6,727	-4,206	3,709	-4,533
Unlevered Free Cash Flow	18,790	-5,853	-3,352	4,608	-3,645
Change in Working Capital	531.01	-2,417	-1,422	580.29	1,157

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