Shanxi Huaxiang Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	470.56	389.06	263.55	328.02
Depreciation & Amortization	220.67	201.53	184.61	150.75
Other Amortization	33.1	24.63	17.73	8.98
Loss (Gain) From Sale of Assets	0.6	-1.14	-1.72	4.01
Asset Writedown & Restructuring Costs	7.45	11.11	57.13	2.61
Loss (Gain) From Sale of Investments	-43.09	-31.86	-24.85	-7.21
Provision & Write-off of Bad Debts	9.77	4.82	9.02	7.14
Other Operating Activities	76.9	76.93	25.14	34.69
Change in Accounts Receivable	-498.96	-197.13	-297.17	-363.7
Change in Inventory	-76.47	-34.05	-118.63	-274.18
Change in Accounts Payable	237.92	-160.65	3	307.71
Change in Other Net Operating Assets	7.66	7.26	23.27	31.6
Operating Cash Flow	431.94	288.39	140.01	227.16
Operating Cash Flow Growth	49.77%	105.98%	-38.37%	39.67%
Capital Expenditures	-140.35	-113.55	-320.59	-411.33
Sale of Property, Plant & Equipment	10.26	2.44	8.65	2.11
Cash Acquisitions	-46.19	-0.49	-	-333.43
Investment in Securities	-248.98	-229.03	-548.14	-97.52
Other Investing Activities	50.82	26.64	20.43	7.13
Investing Cash Flow	-374.45	-313.99	-839.65	-833.03
Short-Term Debt Issued	-	-	1.71	2.46
Long-Term Debt Issued	357.85	568.35	294	1,271
Total Debt Issued	357.85	568.35	295.71	1,273
Short-Term Debt Repaid	-	-	-1.71	-2.46
Long-Term Debt Repaid	-251.46	-543.9	-167.19	-37.71
Total Debt Repaid	-251.46	-543.9	-168.9	-40.17
Net Debt Issued (Repaid)	106.39	24.45	126.81	1,233
Issuance of Common Stock	265.6	13.2	5.85	61.11
Common Dividends Paid	-314.97	-108.15	-119.61	-83.37
Other Financing Activities	8.27	-	1	198.64
Financing Cash Flow	65.29	-70.5	14.04	1,409
Foreign Exchange Rate Adjustments	-0.28	0.71	6.81	-11.65
Net Cash Flow	122.5	-95.39	-678.79	791.72
Free Cash Flow	291.58	174.85	-180.58	-184.16
Free Cash Flow Growth	66.77%	-	-	-
Free Cash Flow Margin	7.62%	5.36%	-5.60%	-5.61%
Free Cash Flow Per Share	0.63	0.39	-0.42	-0.43
Cash Income Tax Paid	33.09	50.09	64.99	59.19
Levered Free Cash Flow	520.9	70.93	-217.68	-61.22
Unlevered Free Cash Flow	566.97	114.56	-177.65	-52.98
Change in Working Capital	-344.01	-386.7	-390.6	-301.82

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