Jinlongyu 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	Dec '21 Dec 31, 2021
Net Income	102.31	140.14	163.21	221.87	51.61
Depreciation & Amortization	42.95	39.89	37.34	33.75	27.77
Other Amortization	0.55	2.37	2.21	0.73	0.39
Loss (Gain) From Sale of Assets	0.47	-0.08	-1.52	-0.18	0.16
Asset Writedown & Restructuring Costs	12.16	52.43	74.25	-5.62	288.42
Loss (Gain) From Sale of Investments	-6.49	-1.78	-2.39	-4.67	1.71
Provision & Write-off of Bad Debts	-	-	-	-	269.92
Other Operating Activities	71.14	7.88	13.42	31.37	-240.12
Change in Accounts Receivable	-893.62	-642.8	-142.07	66.54	-721.09
Change in Inventory	-106.74	-58.12	13.81	182.72	-169.35
Change in Accounts Payable	41.47	453.73	50.84	-68.96	-56.66
Change in Other Net Operating Assets	1.54	7.57	6.99	5.3	2.94
Operating Cash Flow	-748.23	-18.6	200.01	474.95	-608.19
Operating Cash Flow Growth	-	-	-57.89%	-	-
Capital Expenditures	-247.2	-68.55	-20.7	-51.26	-33.66
Sale of Property, Plant & Equipment	0.44	0.13	4.08	0.23	0
Investment in Securities	6.16	61.78	-113.47	-0.6	50
Other Investing Activities	6.03	3.51	2.05	-	0.53
Investing Cash Flow	-234.56	-3.13	-128.04	-51.63	16.88
Short-Term Debt Issued	-	300	300	315	1,166
Long-Term Debt Issued	520	756.13	795.39	1,177	-
Total Debt Issued	520	1,056	1,095	1,492	1,166
Short-Term Debt Repaid	-	-686.3	-884.8	-1,645	-550
Long-Term Debt Repaid	-202.5	-1.86	-0.95	-1.36	-1.01
Total Debt Repaid	-202.5	-688.16	-885.75	-1,646	-551.01
Net Debt Issued (Repaid)	317.5	367.97	209.64	-154.28	614.74
Issuance of Common Stock	-	2.5	-	-	-
Common Dividends Paid	-139.96	-96.72	-94.67	-166.84	-159.02
Other Financing Activities	878.55	-266.77	-175	-	-
Financing Cash Flow	1,056	6.99	-60.02	-321.12	455.72
Foreign Exchange Rate Adjustments	0.45	1.12	0.68	1.47	-0.26
Net Cash Flow	73.73	-13.62	12.62	103.68	-135.84
Free Cash Flow	-995.43	-87.15	179.31	423.69	-641.84
Free Cash Flow Growth	-	-	-57.68%	-	-
Free Cash Flow Margin	-21.40%	-2.37%	4.56%	10.66%	-13.98%
Free Cash Flow Per Share	-2.30	-0.20	0.41	0.98	-1.48
Cash Income Tax Paid	123.43	120.7	126.64	171.57	135.37
Levered Free Cash Flow	-499.1	329.31	350.05	535.91	-412
Unlevered Free Cash Flow	-499.1	336.37	360.42	555.44	-393.55
Change in Working Capital	-971.3	-259.45	-86.51	197.7	-1,008

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.