Xuelong Group Co.,Ltd 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	89.99	60.41	70.59	42.43	128.24
Depreciation & Amortization	27.44	28.22	27.44	28.85	25.52
Other Amortization	0.4	1.22	2.62	3.83	4.03
Loss (Gain) From Sale of Assets	-0.09	-0.07	0	-0.21	-2.39
Asset Writedown & Restructuring Costs	0.29	1.49	-	-	1.25
Loss (Gain) From Sale of Investments	-12.55	-18.87	-15.5	-11.86	-12.17
Stock-Based Compensation	-	-	-	0.67	-
Provision & Write-off of Bad Debts	2.14	0.92	2.03	0.05	-3.78
Other Operating Activities	1.89	1.62	1.17	0.16	0.1
Change in Accounts Receivable	-76.71	3.23	-30.07	76.84	78.77
Change in Inventory	-13.13	3.39	-2.27	7.1	-19.79
Change in Accounts Payable	27.73	-2.14	15.78	-25.75	-14.88
Change in Other Net Operating Assets	-4.38	0.09	8.54	-	-
Operating Cash Flow	42.93	80.7	79.07	123.8	185.03
Operating Cash Flow Growth	-46.80%	2.07%	-36.13%	-33.09%	313.41%
Capital Expenditures	-108.95	-101.67	-6.49	-7.87	-56.96
Sale of Property, Plant & Equipment	0.53	0.76	0	0.4	4.41
Investment in Securities	40	95	-35	-65	-120
Other Investing Activities	13.3	13.65	17.28	19.15	8.93
Investing Cash Flow	-55.12	7.74	-24.2	-53.32	-163.62
Issuance of Common Stock	-	-	0.85	10.11	-
Repurchase of Common Stock	-3.01	-	-	-	-
Common Dividends Paid	-21.11	-69.68	-63.31	-62.94	-62.94
Other Financing Activities	-	-	-	-	-0.19
Financing Cash Flow	-24.13	-69.68	-62.46	-52.83	-63.13
Foreign Exchange Rate Adjustments	-0.04	0.08	0.01	0.33	-0.1
Net Cash Flow	-36.35	18.85	-7.58	17.98	-41.82
Free Cash Flow	-66.02	-20.96	72.58	115.93	128.07
Free Cash Flow Growth	-	-	-37.39%	-9.48%	1278.89%
Free Cash Flow Margin	-15.20%	-5.82%	18.90%	39.84%	27.08%
Free Cash Flow Per Share	-0.32	-0.10	0.34	0.55	0.61
Cash Income Tax Paid	29.04	36.07	28.18	31	69.92
Levered Free Cash Flow	-81.7	-29.17	51.99	118.82	75.37
Unlevered Free Cash Flow	-81.7	-29.17	51.99	118.82	75.37
Change in Working Capital	-66.56	5.77	-9.27	59.89	44.25

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