Joyvio Food 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	-427.31	-924.42	-1,152	-1,110	-288.68
Depreciation & Amortization	214.59	406.68	450.75	400.13	327.55
Other Amortization	3.52	1.1	0.61	1.01	0.64
Loss (Gain) From Sale of Assets	-0.32	3.58	9.58	0.33	0.9
Asset Writedown & Restructuring Costs	6.75	91.06	490.9	1,354	145.26
Loss (Gain) From Sale of Investments	-1.77	-1.7	-0.35	-0.06	-0.83
Other Operating Activities	248.4	376.5	263.63	245.79	200.31
Change in Accounts Receivable	9.19	-7.47	125.82	11.92	-15.11
Change in Inventory	-393.03	458.26	707.96	-394.62	-59.9
Change in Accounts Payable	-104.11	-239.96	-692.74	274.88	92.39
Change in Other Net Operating Assets	1.65	2.04	2.16	1.49	-0.54
Operating Cash Flow	-514.93	-144.3	-53.81	678.36	303.89
Operating Cash Flow Growth	-	-	-	123.23%	242.96%
Capital Expenditures	-122.16	-247.63	-182.33	-426.24	-465.8
Sale of Property, Plant & Equipment	0.7	2.18	0.17	0.15	0.23
Divestitures	-45.94	-	-1.37	-	-
Investment in Securities	2	9.69	7.77	-2.25	-
Other Investing Activities	0	0	-0.1	-0.61	0.05
Investing Cash Flow	-165.4	-235.76	-175.86	-428.96	-465.52
Long-Term Debt Issued	718.02	3,584	2,118	1,709	1,929
Total Debt Issued	718.02	3,584	2,118	1,709	1,929
Long-Term Debt Repaid	-151.88	-2,949	-1,666	-1,794	-1,599
Total Debt Repaid	-151.88	-2,949	-1,666	-1,794	-1,599
Net Debt Issued (Repaid)	566.14	635.23	451.23	-85.26	329.17
Common Dividends Paid	-9.03	-134.99	-246.74	-170.92	-141.77
Other Financing Activities	-14.4	-12.43	-13.5	-6.04	-7.31
Financing Cash Flow	542.71	487.81	190.99	-262.23	180.09
Foreign Exchange Rate Adjustments	-2.18	-5.21	3.52	6.17	-7.26
Net Cash Flow	-139.8	102.54	-35.16	-6.65	11.19
Free Cash Flow	-637.09	-391.93	-236.13	252.11	-161.92
Free Cash Flow Margin	-38.45%	-11.47%	-5.24%	4.56%	-3.52%
Free Cash Flow Per Share	-3.66	-2.25	-1.36	1.45	-0.93
Cash Income Tax Paid	-153.43	-303.07	-446.22	-511.02	-460.71
Levered Free Cash Flow	58.6	-567.43	-39.07	-90.55	-1,073
Unlevered Free Cash Flow	214.77	-226.07	253.79	155.57	-876.65
Change in Working Capital	-558.78	-97.11	-117.36	-213.01	-81.25

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