Lemo Services 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	93.73	85.81	87.34	6.48
Depreciation & Amortization	158.03	122.06	72.69	63.35
Other Amortization	0.16	0.08	0.09	0.08
Loss (Gain) From Sale of Assets	0.35	1.22	3.15	1.17
Asset Writedown & Restructuring Costs	-	-	12.35	-
Loss (Gain) From Sale of Investments	-0.46	-0.1	-0.23	-0.67
Stock-Based Compensation	4.56	5.56	7.24	2.05
Provision & Write-off of Bad Debts	2.16	2.59	1.72	2.49
Other Operating Activities	6.88	-1.68	7.77	5.69
Change in Accounts Receivable	-29.86	-35.58	-55.3	-2.93
Change in Inventory	-2.91	0.5	-0.83	1.63
Change in Accounts Payable	7.36	21.89	27.58	9.16
Change in Unearned Revenue	-0.18	-2.64	1.57	1.32
Change in Other Net Operating Assets	1.03	-7.27	-0.85	-6.51
Operating Cash Flow	240.84	192.44	164.28	83.31
Operating Cash Flow Growth	25.15%	17.14%	97.19%	-
Capital Expenditures	-135.44	-175.69	-134.63	-46.27
Sale of Property, Plant & Equipment	0.64	3.68	1.77	1.4
Investment in Securities	-37.65	15.9	-5	-10.39
Other Investing Activities	0.71	0.3	1.03	0.2
Investing Cash Flow	-171.74	-155.81	-136.83	-55.07
Long-Term Debt Issued	54.5	52.78	69.76	21.25
Long-Term Debt Repaid	-61.88	-63.94	-39.97	-27.54
Net Debt Issued (Repaid)	-7.38	-11.16	29.79	-6.29
Issuance of Common Stock	202	-	-	-
Common Dividends Paid	-25.01	-39.99	-3.75	-
Other Financing Activities	-13.17	-4.69	-57.81	-0.13
Financing Cash Flow	156.43	-55.84	-31.77	-6.42
Foreign Exchange Rate Adjustments	-1.34	-	-	-
Net Cash Flow	224.18	-19.21	-4.32	21.83
Free Cash Flow	105.39	16.75	29.65	37.04
Free Cash Flow Growth	529.21%	-43.52%	-19.94%	-
Free Cash Flow Margin	11.62%	2.10%	5.05%	11.22%
Free Cash Flow Per Share	2.14	0.35	0.63	0.79
Cash Interest Paid	1.82	3.46	1.41	0.83
Cash Income Tax Paid	14.69	21.33	12.12	3.83
Levered Free Cash Flow	70.35	19.62	-2.39	-
Unlevered Free Cash Flow	71.48	21.74	-1.14	-
Change in Working Capital	-24.56	-23.09	-27.83	2.68

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