Fujian Wanchen Food 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	1,345	293.52	-82.93	47.74	23.45
Depreciation & Amortization	259.01	265.27	182.32	64.48	61.32
Other Amortization	22.78	15.89	9.78	1	-
Loss (Gain) From Sale of Assets	0.87	8.34	3.26	1.66	0.49
Asset Writedown & Restructuring Costs	3.29	11	4.04	0.31	0.1
Loss (Gain) From Sale of Investments	-1.51	-0	-0.06	-1.72	-1.8
Provision & Write-off of Bad Debts	0.43	1.3	0.7	0.78	0.05
Other Operating Activities	1,152	375.88	-22.75	-1.99	5.18
Change in Accounts Receivable	-501.36	-817.08	-338.41	-53.22	-7.39
Change in Inventory	-228.39	-1,420	-635.44	-44.73	-4.57
Change in Accounts Payable	1,437	1,900	1,754	54.56	22
Change in Other Net Operating Assets	144.19	219.37	147.97	1.48	-
Operating Cash Flow	3,631	848.35	1,023	70.38	98.82
Operating Cash Flow Growth	328.07%	-17.08%	1353.60%	-28.78%	-36.75%
Capital Expenditures	-77.44	-116.65	-218.91	-316.34	-41.57
Sale of Property, Plant & Equipment	25.73	20.44	17.55	0.36	0.37
Cash Acquisitions	-	-	-5.4	-	-
Investment in Securities	-	-	0.06	20	-18.23
Other Investing Activities	1.6	0	-	1.76	-
Investing Cash Flow	-50.11	-96.21	-206.69	-294.22	-59.43
Long-Term Debt Issued	1,984	1,106	613.22	265.97	90.7
Long-Term Debt Repaid	-1,566	-752.14	-396.64	-114.49	-175.35
Net Debt Issued (Repaid)	417.92	353.84	216.58	151.47	-84.65
Issuance of Common Stock	120.09	298.8	9.45	-	245.42
Common Dividends Paid	-175.77	-29.96	-15.15	-39.22	-5.23
Dividends Paid	-175.77	-29.96	-15.15	-39.22	-5.23
Other Financing Activities	-1,504	-319.22	11.39	10.41	-12.26
Financing Cash Flow	-1,142	303.46	222.26	122.66	143.28
Foreign Exchange Rate Adjustments	-0.05	-0	-0	-	-
Net Cash Flow	2,440	1,056	1,039	-101.17	182.67
Free Cash Flow	3,554	731.69	804.17	-245.96	57.25
Free Cash Flow Growth	385.73%	-9.01%	-	-	-42.83%
Free Cash Flow Margin	6.91%	2.26%	8.65%	-44.78%	13.17%
Free Cash Flow Per Share	17.91	3.91	5.23	-1.58	0.41
Cash Income Tax Paid	1,575	642.9	93.11	9.01	3.49
Levered Free Cash Flow	2,861	748.19	912.09	-256.14	40.51
Unlevered Free Cash Flow	2,895	779.97	930.05	-253.51	43.74
Change in Working Capital	850.12	-122.86	928.7	-41.88	10.04

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