DKE Holding Company 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	80.49	53.4	50.74
Depreciation & Amortization	38.11	31.04	25.36
Other Amortization	0.34	0.3	0.25
Loss (Gain) From Sale of Assets	0.55	0.11	-
Loss (Gain) From Sale of Investments	6.07	-1.04	-10.57
Loss (Gain) on Equity Investments	-	-	2.39
Stock-Based Compensation	5.92	2.19	5.89
Other Operating Activities	28.96	7.84	10.81
Change in Accounts Receivable	-169.74	-67.6	15.04
Change in Inventory	-218.12	-98.78	-6.38
Change in Accounts Payable	91.92	91.97	84.94
Operating Cash Flow	-135.51	19.43	178.46
Operating Cash Flow Growth	-	-89.11%	-
Capital Expenditures	-132.38	-71.89	-75.48
Sale of Property, Plant & Equipment	1.12	0.12	-
Sale (Purchase) of Intangibles	-	-	-2.11
Investment in Securities	-21.48	-	-
Other Investing Activities	0.11	9.76	24.65
Investing Cash Flow	-152.63	-62.01	-52.94
Long-Term Debt Issued	362.01	206.58	158.28
Long-Term Debt Repaid	-96.48	-171.91	-234.26
Net Debt Issued (Repaid)	265.53	34.68	-75.98
Common Dividends Paid	-	-23.03	-
Other Financing Activities	-8.84	-1.52	-9.41
Financing Cash Flow	256.69	10.13	-85.39
Foreign Exchange Rate Adjustments	-3.11	3.84	1.9
Net Cash Flow	-34.56	-28.62	42.03
Free Cash Flow	-267.89	-52.46	102.99
Free Cash Flow Margin	-15.64%	-4.55%	10.05%
Free Cash Flow Per Share	-5.82	-1.14	2.24
Cash Interest Paid	8.28	5.91	9.8
Cash Income Tax Paid	18.31	5.01	21.73
Levered Free Cash Flow	-216.93	-61.98	-
Unlevered Free Cash Flow	-211.75	-58.04	-
Change in Working Capital	-295.95	-74.41	93.59