Lingda 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	21.26	-949.51	-261.99	-16.93	-71.03
Depreciation & Amortization	27.94	79.65	122.61	113.08	110.2
Other Amortization	0.14	3.82	7	8.14	3.87
Loss (Gain) From Sale of Assets	-0.02	-0.05	-0.09	0.38	-0.02
Asset Writedown & Restructuring Costs	157.09	484.55	195.08	1.16	0.57
Loss (Gain) From Sale of Investments	-182.83	6.46	0.24	0.46	-6.05
Provision & Write-off of Bad Debts	-	-22.12	4.12	-0.08	-0.81
Other Operating Activities	31.23	218.8	51.2	83.65	57.24
Change in Accounts Receivable	59.42	74.97	-47.35	236.8	-293.22
Change in Inventory	-1.41	8.47	-0.17	-28.75	-36.88
Change in Accounts Payable	-59.25	85.05	-0.79	-62.59	119.86
Change in Other Net Operating Assets	-	-1.29	-	-	-
Operating Cash Flow	49.15	-9.96	85.22	335.57	-132.8
Operating Cash Flow Growth	-	-	-74.61%	-	-
Capital Expenditures	-0.02	-0.97	-192.47	-114.52	-158.73
Sale of Property, Plant & Equipment	-	0.13	0.16	0.75	0.54
Divestitures	-	-	2.9	10.6	86.96
Investment in Securities	-	24	2	3.75	6.5
Other Investing Activities	-	-	-	-	0.19
Investing Cash Flow	-0.02	23.16	-187.41	-99.42	-64.54
Long-Term Debt Issued	-	52.63	235.09	108.64	308
Long-Term Debt Repaid	-70.81	-76.52	-129.97	-257	-239.84
Net Debt Issued (Repaid)	-70.81	-23.89	105.12	-148.36	68.16
Issuance of Common Stock	-	-	46.56	23.98	27.65
Common Dividends Paid	-2.72	-12.12	-41.77	-41.2	-30.75
Other Financing Activities	983.19	-0.09	-15.28	-81.58	-76.88
Financing Cash Flow	909.66	-36.11	94.63	-247.16	-11.82
Foreign Exchange Rate Adjustments	-0	0	-0.01	0.6	-0.2
Net Cash Flow	958.79	-22.9	-7.58	-10.41	-209.36
Free Cash Flow	49.13	-10.93	-107.25	221.04	-291.53
Free Cash Flow Margin	39.34%	-17.87%	-12.78%	13.84%	-27.00%
Free Cash Flow Per Share	0.07	-0.04	-0.41	0.78	-1.11
Cash Income Tax Paid	-0.26	3.63	27.56	-60.46	-24.48
Levered Free Cash Flow	-	116.17	-103.74	77.18	-233.59
Unlevered Free Cash Flow	-	145.35	-79.09	104.97	-205.34
Change in Working Capital	-5.66	168.44	-32.95	145.68	-226.77

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