Zhejiang Renzhi 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	9.39	14.43	-34.95	14.07	-26.41
Depreciation & Amortization	5.7	7.17	7.7	7.22	7.56
Other Amortization	0.68	1.43	1.67	1.24	0.54
Loss (Gain) From Sale of Assets	0.07	-12.84	0.11	0.41	-0.7
Asset Writedown & Restructuring Costs	0.57	0.93	1.49	0.42	0.48
Loss (Gain) From Sale of Investments	-4.32	-	-	-2.53	-
Provision & Write-off of Bad Debts	1.83	-0.2	0.66	1.78	0.27
Other Operating Activities	2.71	1.12	1.9	0.3	6.34
Change in Accounts Receivable	184.77	-189.74	-1.92	-27.84	-277.63
Change in Inventory	-1.24	1.82	3.37	-0.67	-1.99
Change in Accounts Payable	-206.59	163.67	-37.09	-104.85	248.21
Change in Other Net Operating Assets	0.73	-10.08	25.36	10.87	-
Operating Cash Flow	-6.02	-22.93	-31.58	-100.01	-41.8
Capital Expenditures	-6.43	-10.53	-10.84	-0.19	-0.11
Sale of Property, Plant & Equipment	0.06	16.43	0.26	0.02	1.6
Cash Acquisitions	-	-	-0.1	-0.01	-
Divestitures	-	-	-	56.62	58.93
Investment in Securities	-	-	-	2.69	-
Other Investing Activities	-	-	0.15	-	-
Investing Cash Flow	-6.37	5.9	-10.52	59.11	60.43
Short-Term Debt Issued	-	-	-	2	5.11
Long-Term Debt Issued	20	26.96	6.51	-	-
Total Debt Issued	20	26.96	6.51	2	5.11
Short-Term Debt Repaid	-	-	-2	-35.87	-12.33
Long-Term Debt Repaid	-26	-4.42	-3.08	-3.17	-2.95
Total Debt Repaid	-26	-4.42	-5.08	-39.04	-15.28
Net Debt Issued (Repaid)	-6	22.54	1.43	-37.04	-10.17
Issuance of Common Stock	-	-	-	44.95	-
Repurchase of Common Stock	-	-19.29	-	-	-
Common Dividends Paid	-0.37	-0.07	-0.12	-3.45	-8.22
Other Financing Activities	4.44	7.34	9.02	1.47	-
Financing Cash Flow	-1.94	10.53	10.33	5.94	-18.39
Net Cash Flow	-14.33	-6.5	-31.78	-34.96	0.23
Free Cash Flow	-12.44	-33.45	-42.43	-100.2	-41.91
Free Cash Flow Margin	-4.24%	-10.48%	-20.37%	-59.46%	-33.26%
Free Cash Flow Per Share	-0.03	-0.08	-0.10	-0.24	-0.10
Cash Income Tax Paid	12.19	3.03	2.3	5.13	7.65
Levered Free Cash Flow	-2.49	-36.29	-55.98	-151.28	33.09
Unlevered Free Cash Flow	-1.92	-35.9	-55.77	-149.76	36.8
Change in Working Capital	-22.63	-34.96	-10.17	-122.92	-29.88

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