Eastroc Beverage (Group) 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	4,415	3,327	2,040	1,441	1,193
Depreciation & Amortization	475.79	352.46	265.54	235.87	193.19
Other Amortization	20.11	6.49	4.35	3.45	3.07
Loss (Gain) From Sale of Assets	-0.53	0.1	0.41	2.84	6.73
Asset Writedown & Restructuring Costs	0.92	0.72	-	-	-
Loss (Gain) From Sale of Investments	-313.95	-128.26	-170.94	-82.81	-139.2
Provision & Write-off of Bad Debts	0.51	0.78	2.21	0.01	0.62
Other Operating Activities	-76.44	-120	57.2	49.91	15.61
Change in Accounts Receivable	-121.74	-91.61	-88.38	-55.93	106.76
Change in Inventory	411.12	-499.48	-176.08	-54.18	-67.33
Change in Accounts Payable	1,640	3,046	1,379	633.4	807.46
Change in Unearned Revenue	-7.83	-3.79	-2.46	-2.22	-
Change in Other Net Operating Assets	-	-	5.51	-	-
Operating Cash Flow	6,174	5,789	3,281	2,026	2,077
Operating Cash Flow Growth	6.65%	76.44%	61.95%	-2.44%	54.95%
Capital Expenditures	-2,269	-1,687	-917.72	-792.69	-610.6
Sale of Property, Plant & Equipment	6.68	3.21	1.99	1.79	3.2
Cash Acquisitions	-355.97	-	-5.43	-	-
Divestitures	-	-	13.02	-	-
Investment in Securities	-1,739	-5,383	-59.47	-2,610	-2,977
Other Investing Activities	255	191.89	209.31	64.69	21.14
Investing Cash Flow	-4,102	-6,875	-758.31	-3,336	-3,563
Short-Term Debt Issued	9,297	9,280	-	-	-
Long-Term Debt Issued	-	-	5,909	3,450	637.5
Total Debt Issued	9,297	9,280	5,909	3,450	637.5
Short-Term Debt Repaid	-9,225	-6,011	-	-	-
Long-Term Debt Repaid	-27.99	-19.89	-5,962	-969.7	-443.73
Total Debt Repaid	-9,253	-6,031	-5,962	-969.7	-443.73
Net Debt Issued (Repaid)	43.96	3,249	-53.42	2,480	193.77
Issuance of Common Stock	-	-	-	-	1,851
Common Dividends Paid	-2,678	-2,051	-811.03	-603.45	-626.67
Other Financing Activities	-14	309.86	-193.46	-112.35	-111.58
Financing Cash Flow	-2,648	1,507	-1,058	1,764	1,307
Foreign Exchange Rate Adjustments	-11.18	31.72	-28.56	-15.12	-
Net Cash Flow	-587.43	453.09	1,437	439.44	-179.64
Free Cash Flow	3,905	4,102	2,364	1,233	1,466
Free Cash Flow Growth	-4.80%	73.55%	91.63%	-15.88%	110.97%
Free Cash Flow Margin	18.71%	25.90%	20.98%	14.50%	21.01%
Free Cash Flow Per Share	7.51	7.89	4.54	2.37	2.94
Cash Income Tax Paid	2,674	1,944	1,524	1,081	827.1
Levered Free Cash Flow	3,459	3,503	1,943	1,107	1,276
Unlevered Free Cash Flow	3,522	3,568	1,993	1,140	1,285
Change in Working Capital	1,653	2,350	1,083	376.32	803.86

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.