Star Sports Medicine 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	136.97	95.39	57.11	40.34	-110.25
Depreciation & Amortization	14.85	13.94	12.87	4.62	3.18
Other Amortization	-	-	-	2.54	1.43
Loss (Gain) From Sale of Assets	-	0.01	0.03	-	-
Asset Writedown & Restructuring Costs	1.64	0.11	-0.01	-	0.03
Loss (Gain) From Sale of Investments	-2.66	-	-0.08	-1.45	-1.17
Stock-Based Compensation	1.21	1.08	0.91	-	116.08
Provision & Write-off of Bad Debts	-	-	-	0.11	-0.03
Other Operating Activities	7.64	2.2	7.16	-2.37	2.26
Change in Accounts Receivable	-23.49	-16.6	0.61	-5.5	-0.22
Change in Inventory	-13.29	-24.57	-18.45	3.13	-11.03
Change in Accounts Payable	4.13	10.51	6.83	14.11	13.39
Change in Other Net Operating Assets	30.13	12.44	12.88	-	-
Operating Cash Flow	157.12	94.52	79.86	55.81	8
Operating Cash Flow Growth	66.23%	18.36%	43.08%	597.35%	-
Capital Expenditures	-34.24	-27.16	-17.47	-8.52	-3.14
Sale of Property, Plant & Equipment	-	-	0	-	-
Sale (Purchase) of Intangibles	-	-	-3.78	-	-
Investment in Securities	-86.33	-344.09	0.08	13	3
Other Investing Activities	-	-	-	1.55	1.4
Investing Cash Flow	-120.56	-371.25	-21.17	6.03	1.26
Long-Term Debt Issued	13.72	17	-	-	-
Long-Term Debt Repaid	-3.84	-4.13	-3.54	-	-
Net Debt Issued (Repaid)	9.88	12.87	-3.54	-	-
Issuance of Common Stock	-	-	36.67	135.91	49.99
Other Financing Activities	-19.24	-2.74	-8.53	-2.54	-2.49
Financing Cash Flow	-9.35	10.13	24.59	133.36	47.5
Foreign Exchange Rate Adjustments	-0.32	0.2	0.25	3.37	-0.17
Net Cash Flow	26.88	-266.4	83.53	198.57	56.58
Free Cash Flow	122.88	67.36	62.39	47.29	4.86
Free Cash Flow Growth	82.44%	7.97%	31.91%	873.19%	-
Free Cash Flow Margin	30.51%	20.59%	26.15%	31.96%	6.66%
Free Cash Flow Per Share	2.65	1.45	1.34	0.76	-
Cash Income Tax Paid	13.62	12.19	1.49	11.28	2.46
Levered Free Cash Flow	25.76	65.5	26.18	33.12	50.32
Unlevered Free Cash Flow	26.3	65.76	26.48	33.46	50.58
Change in Working Capital	-2.53	-18.22	1.88	12.02	-3.52

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