Qingdao Foods 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	110.93	97.48	86.11	91.43	68.04
Depreciation & Amortization	7.05	5.89	7.35	7.39	7.6
Other Amortization	-	0.74	-	-	-
Loss (Gain) From Sale of Assets	-0.07	-	-0.02	-	-
Asset Writedown & Restructuring Costs	-9.31	-	0.01	0.32	0
Loss (Gain) From Sale of Investments	-15.88	-14.74	-23.29	-22.47	-10.51
Provision & Write-off of Bad Debts	-	0.48	-0.07	-0.28	-0.31
Other Operating Activities	5.17	-2.2	0.72	1.87	0.23
Change in Accounts Receivable	14.41	-14.16	3.07	-1.98	-0.06
Change in Inventory	-1.26	-3.58	-4.82	5.05	-
Change in Accounts Payable	-5.11	25.24	5.34	18.19	-3.16
Change in Other Net Operating Assets	0.05	0.02	-0.14	0.39	-0.16
Operating Cash Flow	104.39	93.07	73.31	98.47	63.46
Operating Cash Flow Growth	12.16%	26.96%	-25.56%	55.17%	-13.75%
Capital Expenditures	-6.68	-6.69	-5.76	-2.6	-3.21
Sale of Property, Plant & Equipment	0.3	-	0.1	0.02	0.02
Investment in Securities	-84.28	6.95	-70	-370	-70
Other Investing Activities	9.07	19.39	24.21	22.76	7.96
Investing Cash Flow	-81.59	19.65	-51.46	-349.82	-65.23
Long-Term Debt Issued	202.38	-	-	-	-
Long-Term Debt Repaid	-58.3	-	-	-	-
Net Debt Issued (Repaid)	144.07	-	-	-	-
Common Dividends Paid	-76.3	-44.08	-34.12	-26.32	-32.56
Dividends Paid	-76.3	-44.08	-34.12	-26.32	-32.56
Other Financing Activities	-54.13	-	-	-	360.66
Financing Cash Flow	13.64	-44.08	-34.12	-26.32	328.11
Foreign Exchange Rate Adjustments	-1.47	0.46	0.05	0.01	-0
Net Cash Flow	34.97	69.1	-12.21	-277.66	326.34
Free Cash Flow	97.71	86.38	67.54	95.87	60.26
Free Cash Flow Growth	13.11%	27.89%	-29.55%	59.11%	-15.14%
Free Cash Flow Margin	17.92%	16.43%	13.80%	19.41%	13.88%
Free Cash Flow Per Share	0.50	0.44	0.35	0.49	0.39
Cash Income Tax Paid	76.73	68.36	67.98	58.45	50.88
Levered Free Cash Flow	52.17	87.39	60.12	86.73	51.01
Unlevered Free Cash Flow	52.17	87.39	60.12	86.73	51.01
Change in Working Capital	6.49	5.44	2.5	20.21	-1.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.