Gala Technology Holding 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	95.89	84.16	74.2	13.53	39.99
Depreciation & Amortization	61.99	52.87	47.55	28.35	25.21
Other Amortization	0.2	0.4	0.4	0.4	0.16
Loss (Gain) From Sale of Assets	-	-0.01	0.62	-	0.75
Asset Writedown & Restructuring Costs	9.6	5.66	-	-	-
Loss (Gain) From Sale of Investments	-3.53	-0.64	-0.26	-0.13	-0.65
Loss (Gain) on Equity Investments	-1.8	-1.31	-	-	-
Stock-Based Compensation	21.78	13.05	-	2.87	-
Provision & Write-off of Bad Debts	0.54	0.25	0.25	1.86	-
Other Operating Activities	4.15	4.79	5.32	5.51	3.34
Change in Accounts Receivable	-6.5	-27.84	4.54	-8.55	-16.81
Change in Accounts Payable	9.58	29.72	-23.72	19.91	10.4
Change in Unearned Revenue	10.17	21	-18.93	13.78	6.92
Change in Other Net Operating Assets	-3.38	-5.79	8.3	-3.34	-1.48
Operating Cash Flow	198.71	176.32	98.26	74.18	67.83
Operating Cash Flow Growth	12.70%	79.43%	32.46%	9.36%	-12.72%
Capital Expenditures	-5.37	-5.63	-1.48	-4.7	-4.62
Sale of Property, Plant & Equipment	-	0.01	0.01	-	-
Sale (Purchase) of Intangibles	-33.3	-57.16	-34.44	-19.88	-19.5
Investment in Securities	-14.49	4.26	-41.24	0.21	1.49
Other Investing Activities	-	17.76	16.15	0.04	4.15
Investing Cash Flow	-52.05	-40.76	-95.06	-24.34	-18.48
Long-Term Debt Issued	-	-	-	-	64.16
Long-Term Debt Repaid	-3.62	-6.31	-6.47	-6.06	-4.15
Net Debt Issued (Repaid)	-3.62	-6.31	-6.47	-6.06	60.01
Issuance of Common Stock	-	-	69.39	-	0.01
Repurchase of Common Stock	-62.45	-27.32	-	-	-
Common Dividends Paid	-	-24.7	-	-	-80
Other Financing Activities	-0.7	-0.33	-0.96	-3.31	-3.35
Financing Cash Flow	-66.77	-58.67	61.97	-9.37	-23.33
Foreign Exchange Rate Adjustments	-5.07	0.38	2.67	3.68	-1.33
Net Cash Flow	74.82	77.27	67.85	44.16	24.69
Free Cash Flow	193.34	170.69	96.78	69.48	63.21
Free Cash Flow Growth	13.27%	76.36%	39.30%	9.91%	-16.44%
Free Cash Flow Margin	20.96%	22.00%	15.27%	10.89%	13.75%
Free Cash Flow Per Share	1.42	1.28	0.71	0.61	0.56
Cash Interest Paid	0.7	0.33	0.43	0.68	0.44
Cash Income Tax Paid	-	1.86	0.14	1.31	3.65
Levered Free Cash Flow	145.46	74.5	-34.61	58.13	77.76
Unlevered Free Cash Flow	148.16	76.98	-31.74	58.55	78.22
Change in Working Capital	9.87	17.09	-29.81	21.79	-0.97

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