SFC Holdings 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3.21	14.37	123.7	140.77	156.46	214.33
Depreciation & Amortization	22.69	22.69	22.54	24.56	25.71	4.05
Other Amortization	1.3	1.3	1.97	2.88	2.75	2.84
Loss (Gain) From Sale of Assets	-0.07	-0.07	0.61	-5.65	0	0.66
Asset Writedown & Restructuring Costs	22.16	22.16	0.11	7.39	5.09	2.61
Loss (Gain) From Sale of Investments	-20.28	-20.28	-2.39	-5.3	-1.67	-7.67
Other Operating Activities	123.9	4.54	1.08	4.9	6.4	0
Change in Accounts Receivable	-17.14	-17.14	4.22	22.47	-16.93	-6.58
Change in Inventory	-82.73	-82.73	6.08	42.8	-41.71	6.34
Change in Accounts Payable	12.32	12.32	24.7	-29.74	-61.51	44.75
Change in Other Net Operating Assets	6.64	6.64	-	-	-	-
Operating Cash Flow	64.69	-43.5	178.99	203.18	73.09	261.09
Operating Cash Flow Growth	-	-	-11.91%	178.00%	-72.01%	94.41%
Capital Expenditures	-5.59	-7.33	-0.56	-1.47	-5.47	-3.63
Sale of Property, Plant & Equipment	0.33	0.06	0.18	0.52	0.03	0.27
Cash Acquisitions	-	-	-	-	-0.31	-
Investment in Securities	-78.61	67.4	-570.12	-112.5	62	-6.25
Other Investing Activities	13.2	20	9.83	4.73	2.9	6.18
Investing Cash Flow	-70.66	80.12	-560.66	-108.72	59.15	-3.43
Long-Term Debt Repaid	-	-14.12	-24.01	-24.24	-24.87	-
Net Debt Issued (Repaid)	-14.12	-14.12	-24.01	-24.24	-24.87	-
Issuance of Common Stock	-	-	792.1	-	-	-
Common Dividends Paid	-0	-110.44	-	-	-156.99	-222.98
Dividends Paid	-0	-110.44	-	-	-156.99	-222.98
Other Financing Activities	-3.29	-	-0.38	-5.22	-8.87	-1.09
Financing Cash Flow	-17.41	-124.56	767.71	-29.47	-190.73	-224.07
Foreign Exchange Rate Adjustments	-5.43	-2.1	0.57	2.84	-0.1	6.74
Net Cash Flow	-28.81	-90.04	386.61	67.83	-58.59	40.32
Free Cash Flow	59.11	-50.83	178.43	201.71	67.62	257.46
Free Cash Flow Growth	-	-	-11.54%	198.32%	-73.74%	117.12%
Free Cash Flow Margin	3.37%	-2.90%	10.49%	12.70%	2.98%	12.91%
Free Cash Flow Per Share	0.07	-0.06	0.26	0.30	0.10	0.38
Cash Income Tax Paid	9.24	13.31	16.47	15.01	40.06	21.8
Levered Free Cash Flow	72.81	-45.54	160.34	163.85	38.44	215.48
Unlevered Free Cash Flow	74.29	-44.65	161.42	166.92	42.53	215.48
Change in Working Capital	-88.21	-88.21	31.37	33.63	-121.66	44.26

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