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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	58.84	87.79	64.61	101	286.99	390.87
Depreciation & Amortization	68.15	68.15	72.77	67.12	54.64	46.61
Other Amortization	21.68	21.68	18	14.17	8.51	5.05
Loss (Gain) From Sale of Assets	-0.01	-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	-7.25	-7.25	-1.59	-7.38	-13.23	-13.04
Provision & Write-off of Bad Debts	16.4	16.4	95.33	44.12	106.04	41.97
Other Operating Activities	-17.25	65.5	-87.97	-107.18	7.52	15.99
Change in Accounts Receivable	-73.41	-73.41	45.37	-128.03	-974.88	-1,276
Change in Inventory	38.14	38.14	-48.57	13.7	75.38	-59.47
Change in Accounts Payable	269.63	269.63	-45.86	180.03	-159.69	489.26
Change in Other Net Operating Assets	0.09	0.09	0.2	-1.94	19.8	5.35
Operating Cash Flow	361.56	473.25	105.34	168.61	-610.3	-357.72
Operating Cash Flow Growth	155.17%	349.28%	-37.53%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-13.5	-18.08	-109.43	-240.51	-168.95	-237.75
Sale of Property, Plant & Equipment	11.98	11.84	1.46	0.96	0.19	0.51
Cash Acquisitions	-	-	-	-	0.18	-
Investment in Securities	72.98	-9.39	-45	141.51	77.59	-77.1
Other Investing Activities	13.9	16.37	41.76	19.34	29.74	22.27
Investing Cash Flow	85.89	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	Mar 31, 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	591.94	1,020	924.71	665.73	829.85	1,292
Long-Term Debt Repaid	-	-1,383	-818.32	-586.2	-461.8	-263.29
Total Debt Repaid	-938.94	-1,383	-818.32	-586.2	-461.8	-263.29
Net Debt Issued (Repaid)	-347	-363.35	106.39	79.53	368.05	1,029
Issuance of Common Stock	-	-	-	-	3.5	43.27
Repurchase of Common Stock	-63.07	-61.71	-72.18	-7.05	-	-
Common Dividends Paid	-79.21	-127.24	-108.4	-159.99	-168.71	-99.12
Other Financing Activities	54.88	-8.29	23.07	5.46	59.61	-23.99
Financing Cash Flow	-434.4	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-16.51	7.64	0.35	0.47	0.23	-0.58
Net Cash Flow	-3.46	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	348.05	455.18	-4.1	-71.9	-779.25	-595.47
Free Cash Flow Growth	785.21%	-	-	-	-	-
Free Cash Flow Margin	14.15%	19.10%	-0.22%	-3.71%	-27.41%	-20.13%
Free Cash Flow Per Share	0.85	1.09	-0.01	-0.18	-1.87	-1.36
Levered Free Cash Flow	77.57	296.12	-225.07	-15.67	-311.62	334.84
Unlevered Free Cash Flow	124.73	346.54	-149.61	57.73	-244.94	356.67

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	181.8	180.95	112.2	89.59	91.62	192.37
Change in Working Capital	221.74	221.74	-56.56	56.51	-1,061	-845.23

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Aug 23, 2026

Data Sources Report a data error