CCCG Real Estate Company 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	-1,710	-5,179	-1,611	33.94	235.65
Depreciation & Amortization	47.64	55.67	58.68	62.34	52.45
Other Amortization	15.47	17.13	21.29	26.43	42.63
Loss (Gain) From Sale of Assets	-0.5	-0.39	-2.64	-0.88	-0.15
Asset Writedown & Restructuring Costs	-	12.94	1,317	568	-
Loss (Gain) From Sale of Investments	-146.72	264.31	-8.43	9.6	6.82
Provision & Write-off of Bad Debts	53.39	148.86	38.99	274.6	10.21
Other Operating Activities	621.83	3,765	1,166	1,127	599.83
Change in Accounts Receivable	-338.75	772.28	-38.78	1,164	-1,622
Change in Inventory	12,522	9,526	16,995	11,273	-27,714
Change in Accounts Payable	-11,373	-6,404	-10,703	-11,845	23,895
Operating Cash Flow	-277.71	3,175	7,151	2,935	-4,452
Operating Cash Flow Growth	-	-55.60%	143.65%	-	-
Capital Expenditures	-11.71	-21.75	-75.14	-50.88	-74.06
Sale of Property, Plant & Equipment	0.02	0.35	1.69	1.19	0.39
Cash Acquisitions	0.87	-	-	-365.8	-
Divestitures	-6,927	-	-	-	-
Investment in Securities	-559.6	-684.98	722.91	-2,243	-4,947
Other Investing Activities	18.36	91.29	326.88	232.97	860.01
Investing Cash Flow	-7,479	-615.1	976.35	-2,426	-4,160
Long-Term Debt Issued	17,444	13,660	29,621	40,745	44,173
Long-Term Debt Repaid	-15,267	-16,759	-34,208	-39,947	-31,908
Net Debt Issued (Repaid)	2,177	-3,100	-4,587	798.05	12,265
Issuance of Common Stock	-	438.25	121.44	-	-
Common Dividends Paid	-873.61	-1,748	-2,483	-3,831	-4,132
Other Financing Activities	-50.45	-754.35	206.04	444.12	2,340
Financing Cash Flow	1,253	-5,164	-6,742	-2,589	10,474
Net Cash Flow	-6,504	-2,604	1,385	-2,080	1,861
Free Cash Flow	-289.42	3,153	7,075	2,884	-4,526
Free Cash Flow Growth	-	-55.44%	145.34%	-	-
Free Cash Flow Margin	-1.97%	17.23%	21.42%	7.50%	-31.12%
Free Cash Flow Per Share	-0.39	4.36	10.17	4.15	-6.51
Cash Income Tax Paid	344.69	1,348	1,067	1,694	2,956
Levered Free Cash Flow	50,683	2,464	5,688	-3,054	-11,259
Unlevered Free Cash Flow	51,306	3,257	6,344	-2,579	-10,645
Change in Working Capital	840.83	4,090	6,170	833.91	-5,399

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