Xi'an Catering 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	-124.1	-128.01	-117.92	-220.61	-168.69	9.01
Depreciation & Amortization	84.26	84.26	93.27	88.07	70.31	21.59
Other Amortization	46.76	46.76	45.73	38.34	24.81	13.44
Loss (Gain) From Sale of Assets	-1.22	-1.22	-0.29	-0.4	-0.04	-12.93
Asset Writedown & Restructuring Costs	5.27	5.27	-0.89	2.53	0.83	2.69
Loss (Gain) From Sale of Investments	-1.03	-1.03	-1.62	0.62	-	-
Other Operating Activities	-14.95	28.02	27.18	28.32	24.28	8.38
Change in Accounts Receivable	19.26	19.26	-6.19	-21.21	7.52	-34.84
Change in Inventory	3.12	3.12	-7.32	-8.61	-5.12	3.29
Change in Accounts Payable	42.92	42.92	39.19	55.69	83.09	25.44
Operating Cash Flow	61.52	100.59	76.72	-37.83	38.27	33.61
Operating Cash Flow Growth	-27.03%	31.12%	-	-	13.89%	-
Capital Expenditures	-12.19	-26.2	-134.78	-100.08	-252.12	-76.14
Sale of Property, Plant & Equipment	0.16	0.31	0.09	0.21	0.3	22.92
Divestitures	1.09	1.09	0	-	-	-
Investing Cash Flow	-10.94	-24.8	-134.69	-99.88	-251.82	-53.23
Long-Term Debt Issued	-	526.54	540.86	360	398	390
Long-Term Debt Repaid	-	-551.86	-489.67	-471.67	-396.4	-303
Net Debt Issued (Repaid)	-58.27	-25.32	51.18	-111.67	1.6	87
Issuance of Common Stock	-	-	-	299.37	-	-
Common Dividends Paid	-17.86	-20.24	-17.09	-17.15	-15.24	-11.18
Other Financing Activities	-0.66	0.03	0.07	0.4	2.99	3.09
Financing Cash Flow	-76.8	-45.54	34.16	170.95	-10.65	78.91
Net Cash Flow	-26.22	30.25	-23.82	33.24	-224.2	59.29
Free Cash Flow	49.33	74.39	-58.07	-137.92	-213.84	-42.54
Free Cash Flow Margin	8.43%	11.17%	-7.44%	-28.45%	-41.18%	-10.35%
Free Cash Flow Per Share	0.09	0.13	-0.10	-0.24	-0.43	-0.09
Cash Income Tax Paid	3.11	1.33	14.03	-15.16	18.96	10.98
Levered Free Cash Flow	51.75	70.57	-142.62	-112.46	-146.16	-40
Unlevered Free Cash Flow	69.15	89.06	-124.82	-94.72	-129.12	-32.92
Change in Working Capital	66.52	66.52	31.25	25.3	86.77	-8.58

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