J-Yuan Trust Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,056	64.65	53.16	42.48	-1,043	-1,129
Depreciation & Amortization	26.93	26.93	7.3	11.64	11.83	12.62
Other Amortization	0.1	0.1	3.23	0.61	1.37	3.21
Loss (Gain) From Sale of Assets	0.68	0.68	0.19	0.01	-	-0.27
Asset Writedown & Restructuring Costs	682.83	682.83	-	-	-	0.04
Loss (Gain) From Sale of Investments	-350.94	-350.94	-11.55	-52.44	-35.32	-1,233
Provision & Write-off of Bad Debts	-	-	-7	3.12	8.41	-
Other Operating Activities	-223.71	238.24	-27.54	16.58	186.56	243.28
Change in Accounts Receivable	-937.96	-937.96	323.58	2,089	38.05	523.46
Change in Accounts Payable	803.01	803.01	-178.63	-4,968	1,075	1,368
Change in Other Net Operating Assets	-702.33	-702.33	30.05	-8.02	1.6	1.95
Operating Cash Flow	425.53	-104.27	263.73	-2,031	107.38	148.11
Operating Cash Flow Growth	56.83%	-	-	-	-27.50%	-68.97%
Capital Expenditures	-32.67	-30.16	-24.31	-11.18	-2.15	-0.07
Sale of Property, Plant & Equipment	0.01	0.01	0.01	0.01	-	0.28
Investment in Securities	-2,105	-1,400	-4,022	-4,857	-730.68	182.03
Other Investing Activities	269.58	254.35	59.62	-	1.89	4.74
Investing Cash Flow	-1,868	-1,176	-3,986	-4,868	-730.94	186.97
Long-Term Debt Repaid	-	-	-5.98	-7.57	-9.96	-7.52
Net Debt Issued (Repaid)	-	-	-5.98	-7.57	-9.96	-7.52
Issuance of Common Stock	-	-	-	9,034	-	-
Common Dividends Paid	-3.04	-1.57	-	-	-12	-1.88
Other Financing Activities	1,946	1,230	1,713	-6.57	-3	-
Financing Cash Flow	1,943	1,229	1,707	9,020	-24.96	-9.41
Net Cash Flow	500.04	-51.71	-2,016	2,121	-648.52	325.67
Free Cash Flow	392.86	-134.42	239.41	-2,043	105.23	148.04
Free Cash Flow Growth	57.78%	-	-	-	-28.92%	-68.91%
Free Cash Flow Margin	38.50%	-12.84%	77.15%	-611.12%	54.00%	65.89%
Free Cash Flow Per Share	0.04	-0.01	0.02	-0.24	0.02	0.03
Cash Income Tax Paid	50.66	11.08	20.97	0.02	13.8	12.81
Levered Free Cash Flow	2,863	1,801	1,009	-4,555	-1,502	-3,482
Unlevered Free Cash Flow	2,874	1,810	1,012	-4,547	-1,109	-2,712
Change in Working Capital	-766.76	-766.76	315.5	-1,995	886.94	2,100

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