Beijing Zodi Investment 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-294.56	-249.73	-184.22	-292.82	-375.68	-299.16
Depreciation & Amortization	2.14	2.14	2.49	1.85	5.48	1.88
Other Amortization	0.33	0.33	0.33	0.03	2.31	1.38
Loss (Gain) From Sale of Assets	0.01	0.01	-0.01	0	-12.14	-
Asset Writedown & Restructuring Costs	0.01	0.01	5.66	0	0.02	0.05
Loss (Gain) From Sale of Investments	-0.38	-0.38	4.52	-7.48	-4.09	10.06
Provision & Write-off of Bad Debts	-	-	-	-	-	-0.37
Other Operating Activities	219.2	186.06	102.92	227.85	335.94	222.32
Change in Accounts Receivable	-18.18	-18.18	0.31	-1.49	157.24	36.34
Change in Inventory	199.05	199.05	-15.53	185.78	420.26	-149.72
Change in Accounts Payable	-77.58	-77.58	31.25	4.74	-376.65	101.17
Operating Cash Flow	30.01	41.69	-52.04	112.75	146.47	-74.37
Operating Cash Flow Growth	18.27%	-	-	-23.02%	-	-
Capital Expenditures	-	-0	-0.65	-0.55	-0.01	-0.03
Sale of Property, Plant & Equipment	0.33	0.16	0.11	0	13.68	1
Cash Acquisitions	-	-	-	-	-	-175.17
Divestitures	-	-	-	36.4	130	126.3
Investment in Securities	-	4	-	-	-	123.64
Other Investing Activities	1.83	1.83	-	0.19	0.14	16.1
Investing Cash Flow	2.16	5.98	-0.54	36.05	143.82	91.84
Long-Term Debt Issued	-	28.82	77.99	69.25	46.75	682.26
Long-Term Debt Repaid	-	-15.07	-9.43	-187.78	-261.62	-748.7
Net Debt Issued (Repaid)	13.46	13.75	68.56	-118.53	-214.87	-66.44
Common Dividends Paid	-43.27	-45.37	-40.05	-84.35	-97.96	-179.63
Other Financing Activities	-6.29	-	-	-	-0.48	2.9
Financing Cash Flow	-36.1	-31.62	28.52	-202.88	-313.32	-243.16
Foreign Exchange Rate Adjustments	-0	0	0	0.01	-0.04	-0.23
Net Cash Flow	-3.93	16.05	-24.06	-54.06	-23.07	-225.92
Free Cash Flow	30.01	41.69	-52.69	112.21	146.46	-74.39
Free Cash Flow Growth	18.29%	-	-	-23.39%	-	-
Free Cash Flow Margin	19.28%	13.65%	-91.40%	26.23%	18.67%	-70.05%
Free Cash Flow Per Share	0.10	0.14	-0.18	0.38	0.49	-0.25
Cash Income Tax Paid	5.08	12.42	11.24	14.23	19.17	60.22
Levered Free Cash Flow	112.53	68.86	-85.41	-15.81	434.73	-531.83
Unlevered Free Cash Flow	206.09	139.02	-21.38	33.11	484.96	-489.07
Change in Working Capital	103.26	103.26	16.27	183.31	194.63	-10.52

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