China Quanjude(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	-10.15	34.13	60.04	-277.06	-156.93	-261.86
Depreciation & Amortization	100.64	100.64	101.64	92.67	93.21	44.98
Other Amortization	25.15	25.15	22.73	24.3	23.85	22.11
Loss (Gain) From Sale of Assets	-1.21	-1.21	1.33	-4.89	-0.5	8.05
Asset Writedown & Restructuring Costs	2.02	2.02	0.2	5.87	3.41	0.02
Loss (Gain) From Sale of Investments	-31.49	-31.49	-31.17	-17.48	-33.43	-35.16
Provision & Write-off of Bad Debts	-0.36	-0.36	2.36	2.05	0.05	2.49
Other Operating Activities	22.77	11.9	6.75	-1.56	2.62	-12.82
Change in Accounts Receivable	-4.68	-4.68	-15.58	-12.97	1.66	5.49
Change in Inventory	-15.28	-15.28	-6.87	-16.36	-13	30.09
Change in Accounts Payable	-20.8	-20.8	-22.26	32.36	-7.73	45.45
Operating Cash Flow	67	100.41	124.2	-177.23	-88.48	-150.97
Operating Cash Flow Growth	-34.94%	-19.16%	-	-	-	-
Capital Expenditures	-82.23	-59.95	-46.18	-38.71	-41.88	-42.01
Sale of Property, Plant & Equipment	0.17	0.18	0.31	0.7	0.23	0.32
Cash Acquisitions	0.21	-	-	5.63	-	-
Investment in Securities	20.84	20.84	-39.29	170	170.86	-280.62
Other Investing Activities	27.63	28.42	14.24	28.81	5.73	9.25
Investing Cash Flow	-33.39	-10.51	-70.92	165.94	133.86	-313.06
Short-Term Debt Issued	-	-	30	15.5	-	-
Long-Term Debt Issued	-	-	-	3.49	3.48	-
Total Debt Issued	-	-	30	18.99	3.48	-
Short-Term Debt Repaid	-	-3.38	-54.97	-	-	-
Long-Term Debt Repaid	-	-70.44	-76.69	-49.54	-68.87	-0.26
Total Debt Repaid	-73.82	-73.82	-131.66	-49.54	-68.87	-0.26
Net Debt Issued (Repaid)	-73.82	-73.82	-101.66	-30.55	-65.39	-0.26
Repurchase of Common Stock	-	-	-	-	-10.15	-5.22
Common Dividends Paid	-	-	-0.25	-0.21	-	-18.51
Other Financing Activities	10.84	-0.66	-	-0.64	1.46	-0.69
Financing Cash Flow	-62.99	-74.48	-101.91	-31.39	-74.07	-24.68
Net Cash Flow	-29.38	15.41	-48.63	-42.69	-28.68	-488.71
Free Cash Flow	-15.23	40.47	78.02	-215.94	-130.36	-192.98
Free Cash Flow Growth	-	-48.14%	-	-	-	-
Free Cash Flow Margin	-1.19%	2.89%	5.45%	-30.04%	-13.75%	-24.64%
Free Cash Flow Per Share	-0.05	0.13	0.25	-0.70	-0.42	-0.63
Cash Income Tax Paid	39.24	44.96	38.49	18.21	22.62	43.43
Levered Free Cash Flow	-0.43	13.58	51.76	-114.48	-101.91	-82.12
Unlevered Free Cash Flow	4.28	18.51	57.07	-108.78	-94.8	-81.98
Change in Working Capital	-40.37	-40.37	-39.68	-1.12	-20.75	81.22

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