Zoje Resources Investment Co., Ltd. (SHE:002021)

Zoje Resources Investment Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Net Income	-11.95	-3.66	17.68	594.64	-409.44	-517.33
Depreciation & Amortization	21.76	22.33	22.09	25.63	24.67	25.25
Other Amortization	3.12	2.55	1.33	2.01	2.1	2.02
Loss (Gain) From Sale of Assets	0.25	0.25	0.43	0.2	-0.17	-0.1
Asset Writedown & Restructuring Costs	0.86	0.86	3.58	0.16	0.06	0.11
Loss (Gain) From Sale of Investments	0.6	0.6	2.03	-630.52	-7.94	-11.21
Provision & Write-off of Bad Debts	3.68	3.68	10.11	0.29	8.96	-0.34
Other Operating Activities	47.73	2.53	-3.81	18.74	4.53	22.07
Change in Accounts Receivable	25.75	25.75	-81.65	12.17	-14.68	-55.31
Change in Inventory	60.14	60.14	13.38	44.51	102.09	-232.48
Change in Accounts Payable	-62.92	-62.92	-305.17	33.72	-108.73	444.99
Change in Other Net Operating Assets	-	-	-	-	414.87	536.53
Operating Cash Flow	90.56	53.65	-321.26	111.73	15.18	214.08
Operating Cash Flow Growth	-	-	-	635.98%	-92.91%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Capital Expenditures	-20.93	-24	-13.45	-18.74	-27.2	-33.11
Sale of Property, Plant & Equipment	0.21	0.55	1.16	0.23	0.41	3.32
Cash Acquisitions	-	-	-	1.18	-	-
Investment in Securities	-30	20.11	360	-40.27	8.33	-275.89
Other Investing Activities	0.17	0.67	6.92	14.05	2.71	4.34
Investing Cash Flow	-50.55	-2.66	354.63	-43.56	-15.75	-301.34

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Short-Term Debt Issued	-	11.57	9.57	151.43	177.05	215.7
Total Debt Issued	2.49	11.57	9.57	151.43	177.05	215.7
Short-Term Debt Repaid	-	-8.95	-112.09	-181.96	-174.33	-77.2
Long-Term Debt Repaid	-	-0.31	-0.29	-0.13	-	-0.33
Lease Payments	-0.31	-0.31	-0.29	-0.13	-	-
Total Debt Repaid	-9.39	-9.26	-112.38	-182.09	-174.33	-77.52
Net Debt Issued (Repaid)	-6.9	2.31	-102.81	-30.66	2.72	138.18
Issuance of Common Stock	-	-	-	-	-	1.14
Repurchase of Common Stock	-10	-10	-10	-	-	-
Common Dividends Paid	-	-0.2	-1.17	-6.78	-4.93	-3.84
Other Financing Activities	11.37	0	-0.74	-9.23	-6.09	-9.11
Financing Cash Flow	-5.54	-7.89	-114.71	-46.67	-8.3	126.36

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Foreign Exchange Rate Adjustments	-5.73	1.56	4	-1.38	-3.48	-2.33
Net Cash Flow	28.74	44.66	-77.35	20.12	-12.36	36.77

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Free Cash Flow	69.63	29.65	-334.71	92.99	-12.02	180.97
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	8.51%	3.52%	-36.59%	12.95%	-1.38%	18.86%
Free Cash Flow Per Share	0.06	0.03	-0.28	0.08	-0.01	0.15
Levered Free Cash Flow	64.83	20.91	-82.37	-159.62	-43.41	156.9
Unlevered Free Cash Flow	64.86	21.05	-81.36	-151.31	-35.81	164.53
Free Cash Flow After Leases	69.32	29.34	-335	92.87	-12.02	180.97

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash Income Tax Paid	-	-20.33	-12.2	-10.9	-41.19	-24.6
Change in Working Capital	24.51	24.51	-374.71	100.58	392.42	693.61

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error