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	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	40.92	29.25	58.22	92.11	-19.47
Depreciation & Amortization	53.39	55.73	43.44	52.5	54.8
Other Amortization	0.3	0.11	0.11	0.11	0.11
Loss (Gain) From Sale of Assets	-0.26	-0.18	-0.39	-0.08	0.49
Asset Writedown & Restructuring Costs	4.24	8.18	0.17	3.78	4.65
Loss (Gain) From Sale of Investments	-4.09	0.12	8.18	4.66	-1.54
Provision & Write-off of Bad Debts	-1.67	9.43	2.33	3.38	5.1
Other Operating Activities	64.2	33.35	36.38	11.74	56.91
Change in Accounts Receivable	197.74	-350.76	54.95	162.82	-21.97
Change in Inventory	-65.07	-109.14	-247.67	-63.47	109.7
Change in Accounts Payable	-47.41	41.31	-122.66	-4.99	-56.74
Operating Cash Flow	242.07	-282.75	-166.18	262.65	131.03
Operating Cash Flow Growth	-	-	-	100.45%	-
Capital Expenditures	-37.73	-24.55	-16.65	-42.01	-27.51
Sale of Property, Plant & Equipment	0.24	0.52	0.56	0.04	0.3
Other Investing Activities	-0.3	-0.26	-9.55	-4.39	1.56
Investing Cash Flow	-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	1,441	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	-1,617	-1,230	-1,040	-1,313	-1,444
Net Debt Issued (Repaid)	-176.56	353.28	195.95	-107.6	-136.19
Common Dividends Paid	-21.4	-27.65	-36.81	-37.52	-31.95
Other Financing Activities	-5.77	-35.44	-11.81	-11.56	-13
Financing Cash Flow	-203.72	290.19	147.33	-156.69	-181.15
Foreign Exchange Rate Adjustments	-4.45	15.81	-2.86	26.6	-3.09
Net Cash Flow	-3.89	-1.04	-47.34	86.19	-78.85
Free Cash Flow	204.34	-307.3	-182.83	220.64	103.52
Free Cash Flow Growth	-	-	-	113.14%	-
Free Cash Flow Margin	10.30%	-15.47%	-12.30%	12.78%	7.14%
Free Cash Flow Per Share	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	149.99	-357.07	-144.08	94.69	87.42
Unlevered Free Cash Flow	171.33	-333.98	-120.14	120.9	112.16
Change in Working Capital	85.03	-418.76	-314.61	94.45	29.99

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