Lanzhou Zhuangyuan Pasture Co., Ltd. (SHE:002910)

SHE:002910 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Net Income	-79.95	-74.39	-166.21	-81.48	60.94	53.53
Depreciation & Amortization	101.28	101.28	103.88	104.56	105.53	117.6
Other Amortization	2.81	2.81	1.06	0.72	0.58	0.75
Loss (Gain) From Sale of Assets	-0.11	-0.11	-0.65	-	0.02	0.57
Asset Writedown & Restructuring Costs	67.89	67.89	68.8	79.48	-19.66	0.37
Loss (Gain) From Sale of Investments	-	-	-	-	0.79	3.34
Provision & Write-off of Bad Debts	1.54	1.54	1.94	0.25	0.18	0.37
Other Operating Activities	49.9	14.54	26.76	18.38	30.38	18.62
Change in Accounts Receivable	-45.66	-45.66	-16.48	18.13	-27.12	27.4
Change in Inventory	0.07	0.07	-11.66	13.07	-48.02	-62.83
Change in Accounts Payable	66.1	66.1	72.01	13.13	76.46	47.5
Operating Cash Flow	169.44	139.64	62.98	161.5	179.95	206.99
Operating Cash Flow Growth	138.73%	121.73%	-61.00%	-10.26%	-13.06%	46.13%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Capital Expenditures	-113.46	-114.72	-110.83	-132.08	-205.24	-374.86
Sale of Property, Plant & Equipment	31.16	32.64	45.5	29.88	20.16	27.91
Other Investing Activities	-	-	-	-	0	14.11
Investing Cash Flow	-82.29	-82.08	-65.34	-102.19	-185.09	-332.85

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Long-Term Debt Issued	-	938.13	899.34	699.21	1,110	468
Long-Term Debt Repaid	-	-1,004	-841.65	-729.83	-887.31	-826.88
Net Debt Issued (Repaid)	-52.65	-65.64	57.69	-30.62	222.69	-358.88
Repurchase of Common Stock	-	-	-15.13	-7.85	-336.64	-9.3
Common Dividends Paid	-33	-31.45	-35.48	-50.4	-45.5	-26.43
Other Financing Activities	18.69	19.6	-11.6	2.4	37.6	251.82
Financing Cash Flow	-66.97	-77.48	-4.52	-86.47	-121.85	-142.79

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.03	-0.03	0	-0	18.09	-0.01
Net Cash Flow	20.15	-19.95	-6.88	-27.16	-108.89	-268.66

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Free Cash Flow	55.98	24.92	-47.85	29.42	-25.29	-167.87
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	5.86%	2.71%	-5.38%	3.08%	-2.41%	-16.43%
Free Cash Flow Per Share	0.29	0.13	-0.25	0.15	-0.12	-0.72
Levered Free Cash Flow	5.68	-36.45	-138.01	-62.19	-293.93	-581.42
Unlevered Free Cash Flow	14.03	-27.26	-120.89	-50.66	-271.02	-567.46

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Cash Income Tax Paid	40.88	40.88	38.58	42.91	41.79	35.02
Change in Working Capital	26.07	26.07	27.39	39.59	1.2	11.83

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

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