Shenzhen Huijie Group 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	54.82	79.05	181.88	134.69	276.06
Depreciation & Amortization	139.9	130.59	112.54	111.09	106.7
Other Amortization	3.65	5.1	13.25	6.74	2.58
Loss (Gain) From Sale of Assets	13.18	-0.5	-1.16	0.69	-0.05
Asset Writedown & Restructuring Costs	3.94	10.09	2.5	2.13	0.98
Loss (Gain) From Sale of Investments	0	-	-	0.01	2.67
Provision & Write-off of Bad Debts	-0.88	-2.02	3.04	-1.42	-1.67
Other Operating Activities	157.2	114.35	105.93	116.82	95.59
Change in Accounts Receivable	17.83	15.03	-192.69	54.07	3.48
Change in Inventory	56.51	-169.33	-78.31	-79.78	-117.75
Change in Accounts Payable	-189.75	45.19	269.15	-18.38	27.27
Change in Other Net Operating Assets	-	-	-	2.29	12.93
Operating Cash Flow	250.72	214.24	415.82	326	424.3
Operating Cash Flow Growth	17.03%	-48.48%	27.55%	-23.17%	4.94%
Capital Expenditures	-17.58	-27.93	-33.51	-62.98	-18.51
Sale of Property, Plant & Equipment	0.65	0.27	0.12	0.92	0.69
Investment in Securities	-0.65	-	-0.15	2.11	-0.15
Investing Cash Flow	-17.58	-27.65	-33.53	-59.96	-17.98
Long-Term Debt Issued	2.12	2.58	0.52	-	-
Total Debt Issued	2.12	2.58	0.52	-	-
Long-Term Debt Repaid	-97.51	-72.44	-58.22	-46.95	-44.14
Total Debt Repaid	-97.51	-72.44	-58.22	-46.95	-44.14
Net Debt Issued (Repaid)	-95.39	-69.86	-57.7	-46.95	-44.14
Issuance of Common Stock	5.4	-	-	-	-
Repurchase of Common Stock	-	-	-	-0.28	-5.2
Common Dividends Paid	-184.47	-163.97	-204.96	-	-409.8
Other Financing Activities	-20.93	-16.56	-27.66	0.72	-24.05
Financing Cash Flow	-295.39	-250.39	-290.32	-46.51	-483.19
Foreign Exchange Rate Adjustments	0.43	-6.63	2.66	2.03	-1.97
Net Cash Flow	-61.82	-70.43	94.62	221.56	-78.84
Free Cash Flow	233.14	186.31	382.31	263.02	405.78
Free Cash Flow Growth	25.14%	-51.27%	45.36%	-35.18%	15.18%
Free Cash Flow Margin	7.77%	6.31%	13.05%	10.71%	14.85%
Free Cash Flow Per Share	0.55	0.45	0.93	0.64	1.00
Cash Income Tax Paid	316.72	305.97	352.64	265.61	325.4
Levered Free Cash Flow	235.46	185.5	336.08	220.65	295.7
Unlevered Free Cash Flow	239.5	188.29	337.68	222.29	297.29
Change in Working Capital	-121.1	-122.42	-2.16	-44.76	-58.55

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