Zhejiang Dafeng Industry Co., Ltd (SHA:603081)

Zhejiang Dafeng Industry Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	65.92	87.79	64.61	101	286.99	390.87
Depreciation & Amortization	66.9	68.15	72.77	67.12	54.64	46.61
Other Amortization	22.84	21.68	18	14.17	8.51	5.05
Loss (Gain) From Sale of Assets	-9.41	-0.01	0.06	0.18	-0.21	-0.32
Asset Writedown & Restructuring Costs	0.01	0.01	0	-0.03	-	0.38
Loss (Gain) From Sale of Investments	-3.95	-7.25	-1.59	-7.38	-13.23	-13.04
Provision & Write-off of Bad Debts	53.23	16.4	95.33	44.12	106.04	41.97
Other Operating Activities	166.47	65.5	-87.97	-107.18	7.52	15.99
Change in Accounts Receivable	-142.24	-73.41	45.37	-128.03	-974.88	-1,276
Change in Inventory	2.27	38.14	-48.57	13.7	75.38	-59.47
Change in Accounts Payable	210.04	269.63	-45.86	180.03	-159.69	489.26
Change in Other Net Operating Assets	0.04	0.09	0.2	-1.94	19.8	5.35
Operating Cash Flow	425.58	473.25	105.34	168.61	-610.3	-357.72
Operating Cash Flow Growth	214.91%	349.28%	-37.53%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-7.91	-18.08	-109.43	-240.51	-168.95	-237.75
Sale of Property, Plant & Equipment	15.57	11.84	1.46	0.96	0.19	0.51
Cash Acquisitions	-	-	-	-	0.18	-
Investment in Securities	-107.56	-9.39	-45	141.51	77.59	-77.1
Other Investing Activities	13.98	16.37	41.76	19.34	29.74	22.27
Investing Cash Flow	-85.38	1.3	-105.62	-81.39	-59.96	-286.37

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	1,020	924.71	665.73	829.85	1,292
Total Debt Issued	551.89	1,020	924.71	665.73	829.85	1,292
Long-Term Debt Repaid	-	-1,383	-818.32	-586.2	-461.8	-263.29
Lease Payments	-6.94	-3.19	-1.91	-2.04	-7.39	-7.72
Total Debt Repaid	-826.56	-1,383	-818.32	-586.2	-461.8	-263.29
Net Debt Issued (Repaid)	-274.67	-363.35	106.39	79.53	368.05	1,029
Issuance of Common Stock	1.73	-	-	-	3.5	43.27
Repurchase of Common Stock	-	-61.71	-72.18	-7.05	-	-
Common Dividends Paid	-98.98	-127.24	-108.4	-159.99	-168.71	-99.12
Other Financing Activities	-7.14	-8.29	23.07	5.46	59.61	-23.99
Financing Cash Flow	-379.07	-560.6	-51.12	-82.05	262.45	949.26

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-18.28	7.64	0.35	0.47	0.23	-0.58
Net Cash Flow	-57.15	-78.41	-51.05	5.64	-407.57	304.59

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	417.67	455.18	-4.1	-71.9	-779.25	-595.47
Free Cash Flow Growth	629.37%	-	-	-	-	-
Free Cash Flow Margin	16.15%	19.10%	-0.22%	-3.71%	-27.41%	-20.13%
Free Cash Flow Per Share	1.01	1.09	-0.01	-0.18	-1.87	-1.36
Levered Free Cash Flow	143.61	296.12	-225.07	-15.67	-311.62	334.84
Unlevered Free Cash Flow	185.46	346.54	-149.61	57.73	-244.94	356.67
Free Cash Flow After Leases	410.73	451.98	-6	-73.94	-786.64	-603.19

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	200.98	180.95	112.2	89.59	91.62	192.37
Change in Working Capital	62.08	221.74	-56.56	56.51	-1,061	-845.23

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 15, 2026

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