Ken Holding 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	-20.72	-19.26	4.05	3.93	10.23	11.53
Depreciation & Amortization	17.28	17.28	17.69	18.43	19.33	19.78
Other Amortization	0.26	0.26	-	-	-	-
Loss (Gain) From Sale of Assets	-0.2	-0.2	0.72	-0.28	-0	-0.09
Asset Writedown & Restructuring Costs	6.45	6.45	1.68	3.18	2.4	11.28
Loss (Gain) From Sale of Investments	-26.15	-26.15	-19.83	-24.07	-22.55	-33.01
Other Operating Activities	-23.81	3.18	-1.73	1.01	1.51	3.5
Change in Accounts Receivable	-0.89	-0.89	35.63	-47.82	-21.49	-64.18
Change in Inventory	12.05	12.05	-10.97	29.22	-43.75	-21.4
Change in Accounts Payable	-52	-52	22.48	-77.18	74.64	79.58
Change in Other Net Operating Assets	23.63	23.63	-13.07	27.33	-29.47	0.3
Operating Cash Flow	-63.93	-35.49	36.66	-66.83	-8.77	6.43
Operating Cash Flow Growth	-	-	-	-	-	-85.01%
Capital Expenditures	-46.17	-68.31	-2.99	-6.64	-6.4	-3.91
Sale of Property, Plant & Equipment	1.35	1.39	12.35	0.6	0.04	0.16
Investment in Securities	111.22	3.03	-80.55	116.16	-24.15	-31.24
Other Investing Activities	21.08	50.18	16.75	26.32	111.91	28.48
Investing Cash Flow	87.49	-13.71	-54.43	136.45	81.39	-6.51
Long-Term Debt Repaid	-	-2.15	-0.18	-0.8	-0.8	-
Net Debt Issued (Repaid)	-2.15	-2.15	-0.18	-0.8	-0.8	-
Issuance of Common Stock	2.82	-	-	-	-	-
Repurchase of Common Stock	-20.34	-20.34	-	-	-	-
Common Dividends Paid	-	-2.99	-3.04	-3.04	-3.04	-3.04
Other Financing Activities	17.64	-	-	-	-	-
Financing Cash Flow	-2.03	-25.49	-3.21	-3.83	-3.84	-3.04
Foreign Exchange Rate Adjustments	1.86	3.65	1.75	-0.99	-1.46	-3.55
Net Cash Flow	23.39	-71.03	-19.24	64.79	67.32	-6.68
Free Cash Flow	-110.1	-103.8	33.68	-73.47	-15.17	2.52
Free Cash Flow Growth	-	-	-	-	-	-91.60%
Free Cash Flow Margin	-23.48%	-23.74%	6.72%	-16.90%	-2.42%	0.59%
Free Cash Flow Per Share	-0.37	-0.32	0.08	-0.19	-0.04	0.01
Cash Income Tax Paid	-	-9.3	-25.17	-9.24	-37.64	-3.74
Levered Free Cash Flow	369.27	-114.46	44.54	-106.58	20.93	8.67
Unlevered Free Cash Flow	369.5	-114.34	44.55	-106.57	20.96	8.67
Change in Working Capital	-17.04	-17.04	34.09	-69.02	-19.69	-6.57

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