SDIC Zhonglu Fruit Juice 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	18.17	40.92	29.25	58.22	92.11	-19.47
Depreciation & Amortization	53.39	53.39	55.73	43.44	52.5	54.8
Other Amortization	0.3	0.3	0.11	0.11	0.11	0.11
Loss (Gain) From Sale of Assets	-0.26	-0.26	-0.18	-0.39	-0.08	0.49
Asset Writedown & Restructuring Costs	4.24	4.24	8.18	0.17	3.78	4.65
Loss (Gain) From Sale of Investments	-4.09	-4.09	0.12	8.18	4.66	-1.54
Provision & Write-off of Bad Debts	-1.67	-1.67	9.43	2.33	3.38	5.1
Other Operating Activities	-8.97	64.2	33.35	36.38	11.74	56.91
Change in Accounts Receivable	197.74	197.74	-350.76	54.95	162.82	-21.97
Change in Inventory	-65.07	-65.07	-109.14	-247.67	-63.47	109.7
Change in Accounts Payable	-47.41	-47.41	41.31	-122.66	-4.99	-56.74
Operating Cash Flow	146.14	242.07	-282.75	-166.18	262.65	131.03
Operating Cash Flow Growth	-	-	-	-	100.45%	-
Capital Expenditures	-47.02	-37.73	-24.55	-16.65	-42.01	-27.51
Sale of Property, Plant & Equipment	0.24	0.24	0.52	0.56	0.04	0.3
Investment in Securities	-15.56	-	-	-	-	-
Other Investing Activities	2.55	-0.3	-0.26	-9.55	-4.39	1.56
Investing Cash Flow	-59.78	-37.78	-24.29	-25.63	-46.37	-25.65
Long-Term Debt Issued	-	1,441	1,583	1,236	1,206	1,308
Total Debt Issued	1,354	1,441	1,583	1,236	1,206	1,308
Long-Term Debt Repaid	-	-1,617	-1,230	-1,040	-1,313	-1,444
Total Debt Repaid	-1,351	-1,617	-1,230	-1,040	-1,313	-1,444
Net Debt Issued (Repaid)	3.23	-176.56	353.28	195.95	-107.6	-136.19
Common Dividends Paid	-19.46	-21.4	-27.65	-36.81	-37.52	-31.95
Other Financing Activities	0.15	-5.77	-35.44	-11.81	-11.56	-13
Financing Cash Flow	-16.08	-203.72	290.19	147.33	-156.69	-181.15
Foreign Exchange Rate Adjustments	-2.62	-4.45	15.81	-2.86	26.6	-3.09
Net Cash Flow	67.66	-3.89	-1.04	-47.34	86.19	-78.85
Free Cash Flow	99.12	204.34	-307.3	-182.83	220.64	103.52
Free Cash Flow Growth	-	-	-	-	113.14%	-
Free Cash Flow Margin	5.59%	10.30%	-15.47%	-12.30%	12.78%	7.14%
Free Cash Flow Per Share	0.38	0.78	-1.17	-0.70	0.84	0.40
Cash Income Tax Paid	-	-101.33	-85.01	-53.85	-77.58	-79.11
Levered Free Cash Flow	82.02	149.99	-357.07	-144.08	94.69	87.42
Unlevered Free Cash Flow	103.36	171.33	-333.98	-120.14	120.9	112.16
Change in Working Capital	85.03	85.03	-418.76	-314.61	94.45	29.99

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