Guangdong Shirongzhaoye Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	151.9	137.38	37.41	202.65	141.6	707.64
Depreciation & Amortization	48.88	48.88	22.04	21.93	14.39	12.6
Other Amortization	3.56	3.56	2.39	1.33	1.05	0.73
Loss (Gain) From Sale of Assets	-29.58	-29.58	-55.29	-98.99	-34.28	-
Asset Writedown & Restructuring Costs	0	0	0.01	0.06	0	0.28
Loss (Gain) From Sale of Investments	-95.27	-95.27	-23.62	-8.64	-15.38	-17.52
Provision & Write-off of Bad Debts	30.11	30.11	9.13	9.62	4.83	2.84
Other Operating Activities	55.48	78.05	30.72	35.18	39.2	29.32
Change in Accounts Receivable	163.73	163.73	-218.86	-270.85	-438.12	-92.07
Change in Inventory	365.01	365.01	-268.75	40.13	74.39	410.42
Change in Accounts Payable	-623.15	-623.15	59.24	-195.77	-27.98	-1,182
Operating Cash Flow	76.4	84.45	-434.09	-294.42	-271.55	-212.15
Operating Cash Flow Growth	-71.37%	-	-	-	-	-
Capital Expenditures	-261.43	-231.22	-808.84	-331.12	-178.42	-12.13
Sale of Property, Plant & Equipment	22.43	30.92	63.04	128.43	47.78	0.01
Cash Acquisitions	-	-	0.16	-	-	-
Divestitures	-	-	0.18	-	-	-
Investment in Securities	-0	-	106.57	147.3	371.84	409.55
Other Investing Activities	1.32	1.32	1.77	8.5	13.76	27.09
Investing Cash Flow	-237.68	-198.98	-637.1	-46.9	254.96	424.52
Long-Term Debt Issued	-	1,002	544.73	-	-	-
Long-Term Debt Repaid	-	-210.59	-5.54	-6.83	-285.59	-211.35
Net Debt Issued (Repaid)	770.26	791.01	539.19	-6.83	-285.59	-211.35
Common Dividends Paid	-70.43	-52.05	-59.67	-0.1	-247.95	-105.53
Other Financing Activities	1.37	-	-	1.96	50	-
Financing Cash Flow	701.2	738.96	479.51	-4.98	-483.54	-316.88
Foreign Exchange Rate Adjustments	-0	-0	-0	-	-	-
Net Cash Flow	539.92	624.43	-591.68	-346.3	-500.14	-104.5
Free Cash Flow	-185.03	-146.77	-1,243	-625.55	-449.97	-224.28
Free Cash Flow Margin	-11.91%	-9.29%	-126.69%	-40.41%	-54.13%	-9.42%
Free Cash Flow Per Share	-0.23	-0.18	-1.53	-0.77	-0.56	-0.28
Cash Income Tax Paid	686.37	697.81	633.89	243.04	400.44	749.63
Levered Free Cash Flow	104.94	180.16	-960.43	-46.45	-279.32	144.74
Unlevered Free Cash Flow	123.93	193.95	-958.83	-46.34	-275.99	145.97
Change in Working Capital	-88.69	-88.69	-456.88	-457.56	-422.96	-948.04

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