Dazzle Fashion 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	260.42	303.51	493.63	384.72	689.48
Depreciation & Amortization	156.91	156.63	165.31	197.17	164.52
Other Amortization	34.4	39.13	32.91	32.52	32.83
Loss (Gain) From Sale of Assets	-5.73	-0.97	-0.14	-0.19	-0.19
Asset Writedown & Restructuring Costs	92.34	0.12	0.02	0.02	49.54
Loss (Gain) From Sale of Investments	1.23	-35.97	3.02	58.94	-30.63
Provision & Write-off of Bad Debts	-	-0	1.24	0.55	-0.1
Other Operating Activities	12.43	88.72	70.93	58.77	19.09
Change in Accounts Receivable	11.5	56.88	-47.57	-22.48	-10.03
Change in Inventory	-44.25	-111.65	-69.43	-105.14	-63.03
Change in Accounts Payable	-29.14	-114.93	35.97	-88.6	27.73
Change in Other Net Operating Assets	-	15.37	14.21	7.02	15.28
Operating Cash Flow	485.27	399.64	702.98	496.37	873.85
Operating Cash Flow Growth	21.43%	-43.15%	41.62%	-43.20%	20.73%
Capital Expenditures	-26.9	-51.2	-48.88	-29.28	-41.03
Sale of Property, Plant & Equipment	0.12	0.11	0.11	0.15	0.21
Investment in Securities	-98.31	-8.65	329.34	89.08	-165.34
Other Investing Activities	-13.88	1.1	3.24	56.88	51.73
Investing Cash Flow	-138.97	-58.64	283.82	116.83	-154.43
Long-Term Debt Repaid	-	-120.07	-125.94	-160.5	-120.32
Net Debt Issued (Repaid)	-	-120.07	-125.94	-160.5	-120.32
Repurchase of Common Stock	-	-33.77	-40.11	-69.86	-4.92
Common Dividends Paid	-234.6	-376.04	-333.31	-483.52	-386.6
Other Financing Activities	-210.9	-2.58	14.33	-1.22	44.1
Financing Cash Flow	-445.5	-532.46	-485.02	-715.1	-467.74
Foreign Exchange Rate Adjustments	-3.47	-0.75	-0.21	3.04	-3.36
Net Cash Flow	-102.67	-192.21	501.56	-98.85	248.31
Free Cash Flow	458.37	348.44	654.1	467.1	832.82
Free Cash Flow Growth	31.55%	-46.73%	40.04%	-43.91%	24.34%
Free Cash Flow Margin	21.46%	15.70%	24.69%	19.46%	28.74%
Free Cash Flow Per Share	0.99	0.75	1.38	0.98	1.74
Cash Income Tax Paid	220.65	278.29	350.43	430.56	411.58
Levered Free Cash Flow	399.31	217.9	493.75	305.86	744.2
Unlevered Free Cash Flow	399.31	222.97	500.95	313.62	752.73
Change in Working Capital	-66.74	-151.52	-63.95	-236.14	-50.68

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