Hainan Jingliang Holdings Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-53.23	26.13	102.35	141.41	204.46	184.85
Depreciation & Amortization	137.36	137.36	134.77	116.94	113.3	125.89
Other Amortization	1.71	1.71	1.65	1.57	0.8	0.94
Loss (Gain) From Sale of Assets	-0.03	-0.03	0.25	-0.2	0.21	-0.04
Asset Writedown & Restructuring Costs	13.82	13.82	29	-	0.09	0.42
Loss (Gain) From Sale of Investments	104.45	104.45	-244.15	-74.34	22.63	-21.41
Provision & Write-off of Bad Debts	-6.73	-6.73	5.13	45.75	0.45	-0.03
Other Operating Activities	497.89	55.2	65.84	68.83	77.48	65.96
Change in Accounts Receivable	-76.36	-76.36	368.73	-261.63	461.23	-682.32
Change in Inventory	-329.67	-329.67	-253.55	-214.31	-682.31	186.56
Change in Accounts Payable	-4.87	-4.87	-106.59	-357.8	464.01	-118.94
Operating Cash Flow	253.87	-109.47	109.49	-533.23	632.24	-246.54
Capital Expenditures	-63.99	-47.51	-105.16	-40.24	-66.83	-37.39
Sale of Property, Plant & Equipment	0.69	0.66	0.06	1.01	0.34	2.23
Divestitures	-	-	-	-	-	5
Investment in Securities	82.19	82.19	584.49	513.03	-443.2	45.64
Other Investing Activities	0.16	-1.59	-5.06	0.77	30.89	19.84
Investing Cash Flow	19.04	33.75	474.33	474.57	-478.79	35.32
Long-Term Debt Issued	-	3,898	3,359	4,400	3,598	2,552
Total Debt Issued	5,104	3,898	3,359	4,400	3,598	2,552
Long-Term Debt Repaid	-	-3,824	-2,826	-4,238	-3,502	-2,385
Total Debt Repaid	-4,666	-3,824	-2,826	-4,238	-3,502	-2,385
Net Debt Issued (Repaid)	438.28	73.78	533.67	161.45	95.47	166.85
Issuance of Common Stock	0.84	0.84	3.09	2.76	1.09	-
Common Dividends Paid	-56.82	-109.75	-61.54	-	-50.07	-46.68
Other Financing Activities	-5.48	-18.35	-69.71	-64.15	-27.05	-108.44
Financing Cash Flow	376.82	-53.48	405.51	100.07	19.44	11.73
Foreign Exchange Rate Adjustments	-27.96	-15.91	-0.13	3.1	-0.34	-21.22
Net Cash Flow	621.77	-145.12	989.2	44.51	172.54	-220.71
Free Cash Flow	189.87	-156.98	4.33	-573.47	565.41	-283.93
Free Cash Flow Margin	2.33%	-1.37%	0.04%	-4.46%	4.81%	-3.25%
Free Cash Flow Per Share	0.28	-0.24	0.01	-0.77	0.77	-0.40
Cash Interest Paid	-	-	-	46	-	-
Cash Income Tax Paid	100.25	87.97	178.59	238.78	185.19	165.13
Levered Free Cash Flow	262.88	383.95	-529.49	-255.01	575.27	-372.49
Unlevered Free Cash Flow	304.36	421.76	-490.68	-226.25	601.71	-352.65
Change in Working Capital	-441.37	-441.37	14.66	-833.21	212.84	-603.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.