Daodaoquan Grain and Oil 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	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	233.57	176.91	75.77	-417.96	-191.99
Depreciation & Amortization	142.58	142.41	139.83	119.94	71.31
Other Amortization	0.74	-	-	-	-
Loss (Gain) From Sale of Assets	-0.2	-0.01	3.62	-0.79	-
Asset Writedown & Restructuring Costs	0.02	0.65	0.37	1.5	2.97
Loss (Gain) From Sale of Investments	-29.07	-61.19	64.36	22.69	73.66
Provision & Write-off of Bad Debts	1.05	0.73	-3.9	3.22	-0.42
Other Operating Activities	59.91	144.78	175.33	114.3	58.93
Change in Accounts Receivable	31.59	-103.41	114.14	-94.61	46.39
Change in Inventory	45.77	711.17	-362.36	-630.88	-29.51
Change in Accounts Payable	473.69	2,105	2,809	2,502	-67.46
Operating Cash Flow	993.35	3,163	3,004	1,523	-87.33
Operating Cash Flow Growth	-68.59%	5.27%	97.33%	-	-
Capital Expenditures	-143.02	-113.4	-101.83	-351.96	-579.24
Sale of Property, Plant & Equipment	0	0.08	2.4	1.11	0.31
Investment in Securities	-	-	-	41.33	-40.11
Other Investing Activities	27.09	103.3	18.62	-95.25	-54.2
Investing Cash Flow	-115.92	-10.01	-80.81	-404.77	-673.24
Short-Term Debt Issued	2,940	2,124	2,954	1,875	1,891
Total Debt Issued	2,940	2,124	2,954	1,875	1,891
Short-Term Debt Repaid	-3,411	-5,107	-5,757	-3,007	-1,848
Long-Term Debt Repaid	-0.9	-0.63	-1.05	-	-
Total Debt Repaid	-3,412	-5,108	-5,758	-3,007	-1,848
Net Debt Issued (Repaid)	-471.97	-2,984	-2,804	-1,132	43.54
Issuance of Common Stock	-	-	-	-	780.11
Common Dividends Paid	-145.84	-107.09	-162.47	-49.2	-55.66
Other Financing Activities	-0.03	-0.03	-	-0.08	0.75
Financing Cash Flow	-617.84	-3,091	-2,966	-1,181	768.75
Foreign Exchange Rate Adjustments	-1.74	-22.56	-45.37	4.6	0.38
Net Cash Flow	257.85	39.1	-87.95	-58.53	8.56
Free Cash Flow	850.33	3,049	2,903	1,171	-666.57
Free Cash Flow Growth	-72.11%	5.05%	147.96%	-	-
Free Cash Flow Margin	13.73%	51.31%	41.46%	16.66%	-12.23%
Free Cash Flow Per Share	2.47	8.87	8.44	3.40	-2.38
Cash Income Tax Paid	91.22	87.59	-16.15	-166.92	48.08
Levered Free Cash Flow	277.83	544.29	-738.2	-174.87	-518.93
Unlevered Free Cash Flow	291.04	579.91	-685.63	-145.96	-498.44
Change in Working Capital	584.75	2,758	2,549	1,680	-101.79

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