Sun.King Technology Group Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	102.52	31.55	23.99	15.46
Depreciation & Amortization	53.11	50.2	44.01	31.97
Other Amortization	10.21	9.34	5.7	3.66
Loss (Gain) From Sale of Assets	2.41	-0.01	-0.19	-2.55
Asset Writedown & Restructuring Costs	-	1.19	-	-
Loss (Gain) From Sale of Investments	-7.6	-6.35	-1.37	-2.76
Loss (Gain) on Equity Investments	0.19	3.63	3.85	2.28
Stock-Based Compensation	0.08	0.76	0.81	1.36
Provision & Write-off of Bad Debts	1.05	2.9	4.85	-1.38
Other Operating Activities	27.72	-38.36	-26.72	14.97
Change in Accounts Receivable	-328.06	1.71	-108.77	236.97
Change in Inventory	-54.17	-62.58	42.46	78.76
Change in Accounts Payable	108.4	38.86	68.75	-1.11
Change in Other Net Operating Assets	-2.47	2.47	32.53	-32.81
Operating Cash Flow	-86.62	35.3	89.89	344.84
Operating Cash Flow Growth	-	-60.72%	-73.93%	308.77%
Capital Expenditures	-143.71	-153.38	-82.93	-156.64
Sale of Property, Plant & Equipment	1.29	0.45	0.48	7.36
Cash Acquisitions	-14.64	-4.19	-	-
Sale (Purchase) of Intangibles	-9.89	-11.06	-15.23	-21.15
Investment in Securities	-33.4	50.85	1.37	-92.24
Other Investing Activities	14.23	37.5	6.35	8.79
Investing Cash Flow	-186.11	-79.84	-89.95	-253.89
Long-Term Debt Issued	107.19	317.75	95.25	281.44
Total Debt Issued	107.19	317.75	95.25	281.44
Long-Term Debt Repaid	-194.63	-84.43	-156.05	-463.91
Total Debt Repaid	-194.63	-84.43	-156.05	-463.91
Net Debt Issued (Repaid)	-87.44	233.32	-60.8	-182.47
Issuance of Common Stock	0.55	2.04	3.13	4.91
Repurchase of Common Stock	-28.76	-13.81	-17.27	-
Common Dividends Paid	-	-	-	-40.93
Other Financing Activities	6.75	-0.1	103.95	38.94
Financing Cash Flow	-108.89	221.46	29.01	-179.55
Foreign Exchange Rate Adjustments	-2.19	3.61	2.65	-2.59
Net Cash Flow	-383.81	180.53	31.59	-91.19
Free Cash Flow	-230.33	-118.08	6.96	188.2
Free Cash Flow Growth	-	-	-96.30%	19858.01%
Free Cash Flow Margin	-14.30%	-11.20%	0.76%	20.21%
Free Cash Flow Per Share	-0.14	-0.07	0.00	0.11
Cash Interest Paid	9.4	8.1	7.63	10.72
Cash Income Tax Paid	22.7	21.27	16.31	8.75
Levered Free Cash Flow	-303.93	-116.92	-61.43	152.16
Unlevered Free Cash Flow	-292.7	-110.02	-56.65	158.62
Change in Working Capital	-276.31	-19.54	34.96	281.82

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