Jiangxi Sunshine Dairy 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	116.48	114.56	115.82	110.89	135.7	104.93
Depreciation & Amortization	31.18	31.18	31.51	28.06	26.21	17.51
Other Amortization	5.65	5.65	9.51	8.71	7.09	3.24
Loss (Gain) From Sale of Assets	-	-	-0.48	0.01	0	-0.02
Asset Writedown & Restructuring Costs	7.25	7.25	5.43	1.7	2.84	2.25
Loss (Gain) From Sale of Investments	-	-	-0.45	-	-	-2.29
Provision & Write-off of Bad Debts	0.79	0.79	0.22	-0.39	-	-
Other Operating Activities	10.18	-0.91	-1.73	-0.97	1.9	2.25
Change in Accounts Receivable	-14.47	-14.47	-9.43	9.81	-4.38	-5.46
Change in Inventory	-0.75	-0.75	17.19	-8.27	-11.68	-1.18
Change in Accounts Payable	-3.23	-3.23	1.95	8.83	16.14	17.67
Operating Cash Flow	152.55	139.54	168.59	160.1	177.14	140.2
Operating Cash Flow Growth	-0.54%	-17.23%	5.30%	-9.62%	26.35%	-5.92%
Capital Expenditures	-19.4	-34.09	-35.37	-51.53	-46.98	-113.9
Sale of Property, Plant & Equipment	0.89	6.59	4.23	2.65	2.21	1.24
Divestitures	-	-	-	-	-	1.7
Investment in Securities	20	-10	30	-580	-	-
Other Investing Activities	24.94	8.81	0.45	-	-	102.15
Investing Cash Flow	26.43	-28.69	-0.69	-628.88	-44.78	-8.8
Short-Term Debt Issued	-	-	-	-	100	200
Total Debt Issued	-	-	-	-	100	200
Short-Term Debt Repaid	-	-	-	-100	-100	-200
Long-Term Debt Repaid	-	-0.97	-0.99	-1	-0.92	-
Total Debt Repaid	-0.97	-0.97	-0.99	-101	-100.92	-200
Net Debt Issued (Repaid)	-0.97	-0.97	-0.99	-101	-0.92	-
Issuance of Common Stock	-	-	-	600.8	-	3.18
Common Dividends Paid	-50.88	-45.23	-42.4	-1.28	-153.45	-96.78
Other Financing Activities	-	-	-	4.85	-	-
Financing Cash Flow	-51.85	-46.2	-43.39	503.37	-154.38	-93.6
Net Cash Flow	127.13	64.66	124.52	34.6	-22.02	37.8
Free Cash Flow	133.15	105.45	133.22	108.57	130.15	26.3
Free Cash Flow Growth	18.47%	-20.84%	22.70%	-16.58%	394.79%	-65.87%
Free Cash Flow Margin	27.17%	20.30%	23.37%	19.06%	20.64%	5.03%
Free Cash Flow Per Share	0.47	0.37	0.47	0.43	0.61	0.13
Cash Income Tax Paid	34.99	38.25	39.03	33.7	41.57	32.27
Levered Free Cash Flow	33.81	57.98	77.68	59.84	63.17	62.78
Unlevered Free Cash Flow	33.87	58.05	77.71	60.65	65.41	65.26
Change in Working Capital	-18.98	-18.98	8.75	12.09	3.4	12.32

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