ChenGuang Biotech 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	368.87	94.05	479.72	434.03	351.51
Depreciation & Amortization	183.4	166.95	152.83	144.85	130.74
Other Amortization	1.05	0.2	0.2	0.9	0.2
Loss (Gain) From Sale of Assets	-1.29	-4.43	0.63	-1.08	-0.1
Asset Writedown & Restructuring Costs	6.77	-	1.1	1.32	10.91
Loss (Gain) From Sale of Investments	-55.63	-12.68	-74.02	-33.45	-30.93
Provision & Write-off of Bad Debts	4.89	0.11	0.87	0.77	-1.93
Other Operating Activities	127.9	197.19	80.74	100.25	74.9
Change in Accounts Receivable	-8.24	62.07	135.24	-274.17	-119.09
Change in Inventory	-391.83	-670.57	-1,145	187.13	-435.93
Change in Accounts Payable	-31.41	-41.67	-211.8	176.31	90
Operating Cash Flow	212.91	-222.81	-588.47	734.81	63.9
Operating Cash Flow Growth	-	-	-	1049.93%	-87.93%
Capital Expenditures	-135.26	-149.54	-189.2	-176.03	-280.82
Sale of Property, Plant & Equipment	4.48	0.02	0.28	0.42	3.58
Divestitures	-0.28	-	-	-	-
Investment in Securities	53.04	-315.58	-336.91	-540.91	-
Other Investing Activities	69.52	24.15	77.56	20.12	12.47
Investing Cash Flow	-8.5	-440.95	-448.27	-696.4	-264.76
Long-Term Debt Issued	5,976	5,783	4,678	3,511	2,081
Total Debt Issued	5,976	5,783	4,678	3,511	2,081
Long-Term Debt Repaid	-5,767	-5,088	-3,381	-3,132	-1,278
Total Debt Repaid	-5,767	-5,088	-3,381	-3,132	-1,278
Net Debt Issued (Repaid)	208.69	695.8	1,297	378.58	803.12
Repurchase of Common Stock	-	-396.53	-95.84	-	-
Common Dividends Paid	-159.85	-174.05	-181.41	-143.98	-109.77
Other Financing Activities	20.62	-21.41	276.95	-195.55	-152.39
Financing Cash Flow	69.45	103.8	1,297	39.05	540.96
Foreign Exchange Rate Adjustments	-3.62	-10.49	-6.05	-4.94	-4.36
Net Cash Flow	270.24	-570.46	254.03	72.51	335.75
Free Cash Flow	77.65	-372.35	-777.67	558.78	-216.92
Free Cash Flow Margin	1.18%	-5.32%	-11.32%	8.88%	-4.45%
Free Cash Flow Per Share	0.16	-0.72	-1.46	1.05	-0.41
Cash Income Tax Paid	-8.37	7.26	9.45	-46.55	-31.36
Levered Free Cash Flow	-717.46	39.79	-997.32	-131.42	-423.74
Unlevered Free Cash Flow	-660.69	111.3	-945.13	-89.42	-390.52
Change in Working Capital	-423.06	-664.21	-1,231	87.21	-471.4

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