Friend 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	316.71	417.34	304.96	338.67
Depreciation & Amortization	73.48	52.54	49.42	47.38
Other Amortization	0.84	0.13	-	-
Loss (Gain) From Sale of Assets	-8.24	-0.43	-0.08	0.07
Asset Writedown & Restructuring Costs	-	0.01	0	-
Loss (Gain) From Sale of Investments	-0.54	12.9	24.32	-0.48
Provision & Write-off of Bad Debts	19.16	0.99	4.53	10.3
Other Operating Activities	19.52	34.16	15.39	24.3
Change in Accounts Receivable	-921.93	-1,112	98.4	-485.79
Change in Inventory	-223.33	-42.25	168.44	-560.95
Change in Accounts Payable	797.77	121.41	-553.84	649.48
Change in Other Net Operating Assets	0.68	0.65	0.06	0.48
Operating Cash Flow	66.98	-520.12	107.41	16.99
Operating Cash Flow Growth	-	-	532.37%	-83.07%
Capital Expenditures	-452.4	-310.16	-292.21	-94.96
Sale of Property, Plant & Equipment	9.47	1.12	0.32	0.9
Cash Acquisitions	-19.85	-17.94	-	-
Divestitures	-	-	-	1.93
Investment in Securities	-106.3	7	-	370
Other Investing Activities	-	0.09	-	-0.31
Investing Cash Flow	-569.08	-319.89	-291.89	277.55
Long-Term Debt Issued	1,369	449.68	555.01	141.41
Total Debt Issued	1,369	449.68	555.01	141.41
Long-Term Debt Repaid	-352.53	-388.46	-202.16	-36.41
Total Debt Repaid	-352.53	-388.46	-202.16	-36.41
Net Debt Issued (Repaid)	1,017	61.21	352.85	105
Issuance of Common Stock	0.89	-	646.42	-
Common Dividends Paid	-218.1	-149.76	-158.32	-95.79
Other Financing Activities	-365.87	390.95	-76.31	-227.56
Financing Cash Flow	433.7	302.4	764.64	-218.34
Foreign Exchange Rate Adjustments	-0.14	0	0	0
Net Cash Flow	-68.54	-537.61	580.17	76.2
Free Cash Flow	-385.41	-830.28	-184.8	-77.98
Free Cash Flow Margin	-3.42%	-8.51%	-1.79%	-0.78%
Free Cash Flow Per Share	-0.78	-1.69	-0.42	-0.18
Cash Income Tax Paid	232.93	233.06	178.61	153.25
Levered Free Cash Flow	-317.83	-796	-188.99	-191.85
Unlevered Free Cash Flow	-312.61	-792.86	-187.39	-182.03
Change in Working Capital	-353.95	-1,038	-291.13	-403.25

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