Dongrui Food Group 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	22.79	-65.65	-516.09	42.91	211.58	681.29
Depreciation & Amortization	313.96	313.96	271.4	150.47	91.14	51.59
Other Amortization	1.53	1.53	0.19	0.14	0.14	1.13
Loss (Gain) From Sale of Assets	-0.02	-0.02	0.02	-0.02	-0	-0
Asset Writedown & Restructuring Costs	2.62	2.62	2.11	8.86	7.89	5.84
Loss (Gain) From Sale of Investments	0.01	0.01	7.69	16.14	-34.39	-44.13
Provision & Write-off of Bad Debts	-0.38	-0.38	0.32	-0.48	-1.04	2.37
Other Operating Activities	158.99	80.88	168.82	19.87	22.23	14.21
Change in Accounts Receivable	-19.18	-19.18	2.97	5.32	2.05	-22.39
Change in Inventory	-405.11	-405.11	-125.79	-247.12	-181.79	-68.89
Change in Accounts Payable	150.1	150.1	13.74	15.97	26.72	-4.76
Change in Other Net Operating Assets	-	-	-	-	-	0.38
Operating Cash Flow	224.69	58.14	-178.42	12.4	144.84	615.97
Operating Cash Flow Growth	-	-	-	-91.44%	-76.49%	86.09%
Capital Expenditures	-282.8	-586.27	-922.68	-1,293	-1,122	-446.74
Sale of Property, Plant & Equipment	0	0.03	0.02	0.33	0.04	0.08
Investment in Securities	10.38	-2.75	99.5	-100	-	10
Other Investing Activities	0.36	2.35	-0.75	0.78	28.34	-4.66
Investing Cash Flow	-272.06	-586.65	-823.91	-1,392	-1,093	-441.31
Long-Term Debt Issued	-	1,203	1,635	970.04	260.5	357.75
Long-Term Debt Repaid	-	-1,224	-644.35	-181.39	-508.85	-150
Net Debt Issued (Repaid)	-72.29	-20.42	990.62	788.65	-248.36	207.75
Issuance of Common Stock	-	-	915.44	-	1,850	-
Repurchase of Common Stock	-49.91	-48.41	-	-	-	-
Common Dividends Paid	-67.43	-71.71	-61.74	-67.71	-137.26	-62.69
Other Financing Activities	44.51	0.12	4.83	-1.38	-13.79	-23.92
Financing Cash Flow	-145.11	-140.43	1,849	719.57	1,450	121.14
Net Cash Flow	-192.48	-668.94	846.82	-659.97	501.81	295.8
Free Cash Flow	-58.11	-528.13	-1,101	-1,281	-976.99	169.23
Free Cash Flow Growth	-	-	-	-	-	-17.59%
Free Cash Flow Margin	-2.83%	-34.74%	-106.17%	-105.25%	-92.88%	12.38%
Free Cash Flow Per Share	-0.21	-2.09	-5.18	-5.97	-4.99	1.06
Cash Income Tax Paid	-	-10.53	-27.39	-38.9	-42.02	-51.33
Levered Free Cash Flow	-176.38	-486.72	-1,041	-1,057	-889.08	-8.63
Unlevered Free Cash Flow	-124.94	-439.56	-999.06	-1,044	-880.23	-4.06
Change in Working Capital	-274.82	-274.82	-112.89	-225.49	-152.7	-96.31

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