Xi'an Global Printing 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	-99.9	-52.38	-221.93	86.59	106.36	101.29
Depreciation & Amortization	34.94	34.94	31.65	31	29.34	29.04
Other Amortization	3.63	3.63	2.4	2.73	2.69	2.41
Loss (Gain) From Sale of Assets	-0.07	-0.07	0.07	0.01	0.09	0.85
Asset Writedown & Restructuring Costs	2.77	2.77	108.1	0.37	0.86	0.06
Loss (Gain) From Sale of Investments	-5.39	-5.39	-7.17	1.8	-14.85	-6.39
Provision & Write-off of Bad Debts	39.15	39.15	278.15	14.38	2.36	8.92
Other Operating Activities	116.1	59.52	-55.94	35.39	45	46.22
Change in Accounts Receivable	63.21	63.21	369.03	-301.89	-24.69	-49.96
Change in Inventory	14.46	14.46	-0.82	18.82	-18.67	-15.76
Change in Accounts Payable	-56.54	-56.54	-368.58	86.32	-11.14	-162.02
Operating Cash Flow	112.32	103.27	134.53	-27.27	117.61	-44.47
Operating Cash Flow Growth	-34.12%	-23.23%	-	-	-	-
Capital Expenditures	-42.93	-126.11	-301.91	-87.74	-126.96	-25.78
Sale of Property, Plant & Equipment	0.17	0.54	0.07	0.01	0.14	0.18
Cash Acquisitions	-	-	-8.24	-9.21	-22.34	-9.2
Divestitures	-	21.48	-	-	-	0.22
Investment in Securities	-	-	1.38	-	7.96	-
Investing Cash Flow	-42.76	-104.09	-308.69	-96.94	-141.2	-34.58
Long-Term Debt Issued	-	409.11	500.12	513.57	354.98	407.9
Total Debt Issued	286.16	409.11	500.12	513.57	354.98	407.9
Long-Term Debt Repaid	-	-424.62	-552.87	-384.87	-323.84	-327.05
Total Debt Repaid	-372.96	-424.62	-552.87	-384.87	-323.84	-327.05
Net Debt Issued (Repaid)	-86.81	-15.51	-52.75	128.7	31.14	80.85
Issuance of Common Stock	-	-	-	750.48	-	-
Common Dividends Paid	-9.61	-23.18	-61.65	-26.89	-43.72	-34.7
Dividends Paid	-9.61	-23.18	-61.65	-26.89	-43.72	-34.7
Other Financing Activities	20.72	-0.05	-62.73	-116.93	20.25	96
Financing Cash Flow	-75.69	-38.74	-177.13	735.35	7.66	142.15
Net Cash Flow	-6.13	-39.55	-351.29	611.14	-15.93	63.1
Free Cash Flow	69.39	-22.84	-167.38	-115.02	-9.35	-70.25
Free Cash Flow Margin	7.64%	-1.64%	-10.46%	-5.96%	-0.32%	-3.75%
Free Cash Flow Per Share	0.20	-0.07	-0.52	-0.45	-0.04	-0.28
Cash Income Tax Paid	45.9	19.44	61.45	48.7	56.32	54.01
Levered Free Cash Flow	128.02	-7.93	-177.71	-210.4	-129.39	-16.08
Unlevered Free Cash Flow	135.14	0.03	-168.56	-198.62	-114.02	-4.05
Change in Working Capital	21.09	21.09	-0.8	-199.54	-54.24	-226.88

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