SinoDaan 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	-86.86	-49.35	2.63	-177.78	33.42
Depreciation & Amortization	11.92	11.41	11.68	9.96	8.82
Other Amortization	4.93	6.9	2.1	1.81	1.48
Loss (Gain) From Sale of Assets	-1.44	1.55	-3.66	-0.04	0.09
Asset Writedown & Restructuring Costs	21.78	9.58	0.59	35.97	2.86
Loss (Gain) From Sale of Investments	-4.63	-2.24	-2.19	-7.61	-3.62
Provision & Write-off of Bad Debts	-	-7.11	-31.85	205.71	7.24
Other Operating Activities	11.99	17.16	19.05	5.14	24.94
Change in Accounts Receivable	26.92	-76.83	-48.25	47.57	16.15
Change in Inventory	-	0.3	19.05	-16.04	-
Change in Accounts Payable	17	29.37	74.14	-55.26	-5.93
Operating Cash Flow	7.71	-71.77	33.22	16.16	81.64
Operating Cash Flow Growth	-	-	105.55%	-80.21%	361.08%
Capital Expenditures	-2.82	-10.17	-14.92	-7.55	-6.53
Sale of Property, Plant & Equipment	-	0	5.02	0.09	-
Cash Acquisitions	-	-	-	-	-12.93
Divestitures	7.04	-	-	-	-
Investment in Securities	-2.23	3.16	-26.13	-6.28	0.24
Other Investing Activities	1.61	2.19	2.26	4.49	-
Investing Cash Flow	3.59	-4.81	-33.77	-9.25	-19.22
Long-Term Debt Issued	197.94	342.1	267.52	203.57	163.37
Total Debt Issued	197.94	342.1	267.52	203.57	163.37
Long-Term Debt Repaid	-226.79	-240.43	-228.35	-206.33	-207.92
Total Debt Repaid	-226.79	-240.43	-228.35	-206.33	-207.92
Net Debt Issued (Repaid)	-28.85	101.67	39.17	-2.77	-44.55
Issuance of Common Stock	0.99	33.89	-	-	-
Common Dividends Paid	-17.99	-17.57	-13.17	-15.06	-19.1
Other Financing Activities	-8.03	-0	-28.53	2.45	-18.91
Financing Cash Flow	-53.88	117.98	-2.53	-15.38	-82.56
Net Cash Flow	-42.57	41.4	-3.09	-8.47	-20.14
Free Cash Flow	4.89	-81.94	18.29	8.61	75.1
Free Cash Flow Growth	-	-	112.52%	-88.54%	543.34%
Free Cash Flow Margin	0.83%	-11.91%	2.59%	1.46%	12.42%
Free Cash Flow Per Share	0.04	-0.59	0.13	0.06	0.55
Cash Income Tax Paid	34.69	38.13	47.93	43.28	44.01
Levered Free Cash Flow	-31.27	-43.89	53.45	60.57	-3.61
Unlevered Free Cash Flow	-31.27	-33.49	62.71	68.52	4.94
Change in Working Capital	50.04	-59.67	34.86	-56.99	6.4

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