China Fangda 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-515.47	144.81	272.76	282.93	222.17
Depreciation & Amortization	44.71	55.28	49.65	47.67	38.05
Other Amortization	6.41	3.85	4.18	3.69	2.13
Loss (Gain) From Sale of Assets	3.03	0.5	-0.38	1.42	2.29
Asset Writedown & Restructuring Costs	284.26	25.34	28.63	10.41	-20.6
Loss (Gain) From Sale of Investments	25.78	1.85	-0.3	-10.13	-1.04
Provision & Write-off of Bad Debts	239.67	138.71	34.81	70.34	-0.42
Other Operating Activities	118.44	64.75	93.57	94.93	126.44
Change in Accounts Receivable	387.05	-288.23	-372.91	-578.81	-132.06
Change in Inventory	-2.7	42.96	-45.09	22.75	48.19
Change in Accounts Payable	-302.52	93.99	306.55	300.39	-432.8
Change in Other Net Operating Assets	48.88	28.21	-58.93	-16.98	72.72
Operating Cash Flow	187.41	270.89	299.74	221.21	-63.43
Operating Cash Flow Growth	-30.82%	-9.62%	35.50%	-	-
Capital Expenditures	-98.35	-229.65	-118.89	-128.22	-114.03
Sale of Property, Plant & Equipment	52.15	8.16	0.38	3.11	3.74
Investment in Securities	0.42	-25.63	-	24.34	-11.42
Other Investing Activities	1.43	-1.57	-0.05	9.79	5.21
Investing Cash Flow	-44.35	-248.69	-118.57	-90.98	-116.5
Long-Term Debt Issued	2,517	3,504	2,876	1,670	2,186
Long-Term Debt Repaid	-2,571	-3,469	-2,664	-1,761	-1,752
Net Debt Issued (Repaid)	-54.22	34.89	212.11	-90.89	434.09
Repurchase of Common Stock	-	-98.12	-113.47	-	-
Common Dividends Paid	-126.02	-160.51	-141.88	-152.41	-127.19
Other Financing Activities	95.47	452.35	-144.37	-3.73	-257.69
Financing Cash Flow	-84.78	228.62	-187.61	-247.03	49.22
Foreign Exchange Rate Adjustments	0.95	1.25	2.42	8.22	-5.43
Net Cash Flow	59.24	252.06	-4.02	-108.57	-136.14
Free Cash Flow	89.07	41.24	180.85	92.99	-177.46
Free Cash Flow Growth	115.96%	-77.20%	94.48%	-	-
Free Cash Flow Margin	2.64%	0.93%	4.21%	2.42%	-4.99%
Free Cash Flow Per Share	0.08	0.04	0.17	0.09	-0.17
Cash Income Tax Paid	98.54	166.81	237.43	94.16	495.89
Levered Free Cash Flow	176.79	510.1	-456.13	-157.51	-318.28
Unlevered Free Cash Flow	222.69	547.84	-401.64	-94.65	-254.71
Change in Working Capital	-19.43	-164.21	-183.16	-280.06	-432.44

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