Juli Sling 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	17.44	-45.85	-8.71	9.08	23.96
Depreciation & Amortization	122.87	108.35	101.22	121.64	123.57
Other Amortization	-	-	0.08	0.45	0.89
Loss (Gain) From Sale of Assets	-1.62	3.02	0.5	-26.99	2.08
Asset Writedown & Restructuring Costs	4.71	-5.59	20.24	1.56	-4.26
Loss (Gain) From Sale of Investments	0.11	-0.4	-0.02	-0.14	0.08
Provision & Write-off of Bad Debts	-	36.15	50.42	37.91	25.63
Other Operating Activities	85.3	65.55	45.85	41.28	40.38
Change in Accounts Receivable	-201.62	-62.03	-212.97	-213.39	-171.09
Change in Inventory	-56.31	-225.54	54.46	49.44	15.12
Change in Accounts Payable	79.3	206.32	26.19	84.38	128.29
Operating Cash Flow	44.4	67.96	74.46	97.26	180.43
Operating Cash Flow Growth	-34.67%	-8.73%	-23.44%	-46.09%	68.17%
Capital Expenditures	-119.9	-126	-308.82	-182.68	-134.31
Sale of Property, Plant & Equipment	1.4	1.17	113.6	2.25	5.17
Investment in Securities	-3	10	-10	-	-
Other Investing Activities	24.02	0.52	0.48	-	-
Investing Cash Flow	-97.49	-114.31	-204.74	-180.43	-129.13
Long-Term Debt Issued	1,034	1,303	964.63	902.21	774.35
Total Debt Issued	1,034	1,303	964.63	902.21	774.35
Long-Term Debt Repaid	-1,108	-1,189	-644.72	-740.01	-753.48
Total Debt Repaid	-1,108	-1,189	-644.72	-740.01	-753.48
Net Debt Issued (Repaid)	-74.7	113.85	319.9	162.2	20.86
Common Dividends Paid	-54.28	-61.19	-53.57	-40.03	-41.64
Other Financing Activities	35.27	-	-	-	-
Financing Cash Flow	-93.71	52.67	266.33	122.17	-20.78
Foreign Exchange Rate Adjustments	1.53	5.2	-7.91	2.17	1.48
Net Cash Flow	-145.27	11.52	128.14	41.18	32
Free Cash Flow	-75.5	-58.04	-234.36	-85.42	46.12
Free Cash Flow Growth	-	-	-	-	-38.19%
Free Cash Flow Margin	-2.94%	-2.62%	-10.07%	-3.93%	1.87%
Free Cash Flow Per Share	-0.08	-0.06	-0.24	-0.09	0.05
Cash Income Tax Paid	67.21	30.5	56.42	74.79	88.11
Levered Free Cash Flow	81.91	-19.42	-244.16	-282.82	47.61
Unlevered Free Cash Flow	81.91	14.67	-214.95	-260	70.85
Change in Working Capital	-184.41	-93.27	-135.12	-87.53	-31.9

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