Dahon Tech (Shenzhen) 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	63.51	52.3	34.85	31.43
Depreciation & Amortization	9.82	6.6	5.7	3.89
Other Amortization	-	0.27	0.15	0.07
Asset Writedown & Restructuring Costs	0.02	0.01	0	-
Loss (Gain) on Equity Investments	-	-	-	0.21
Stock-Based Compensation	7.63	-	-	-
Provision & Write-off of Bad Debts	1.77	-0.75	-0.88	-0.18
Other Operating Activities	-5.32	-1.11	-2.25	3.28
Change in Accounts Receivable	-10.51	-15.13	-0.14	-2.37
Change in Inventory	-71.61	-31.2	-20.14	0.22
Change in Accounts Payable	33.74	60.86	-1.91	20.13
Change in Unearned Revenue	8.84	7.1	-0.54	4.84
Change in Other Net Operating Assets	-	-	12.01	-3.86
Operating Cash Flow	37.9	78.94	26.87	57.67
Operating Cash Flow Growth	-51.99%	193.85%	-53.41%	-
Capital Expenditures	-8.21	-0.96	-1.42	-1.04
Sale (Purchase) of Intangibles	-1.81	-0.36	-14.94	-0.22
Investment in Securities	-	0.17	0.67	0.75
Other Investing Activities	-46.88	1.16	0.28	0.38
Investing Cash Flow	-56.9	0.02	-15.42	-0.13
Long-Term Debt Issued	1.64	-	-	-
Long-Term Debt Repaid	-5.38	-4.23	-3.74	-15.39
Net Debt Issued (Repaid)	-3.74	-4.23	-3.74	-15.39
Issuance of Common Stock	407.94	3.03	4.35	3.84
Common Dividends Paid	-31	-16.2	-22	-
Other Financing Activities	-36.77	-5.67	-0.93	-1.3
Financing Cash Flow	336.44	-23.07	-22.32	-12.85
Foreign Exchange Rate Adjustments	0.07	-	-	-
Net Cash Flow	317.51	55.89	-10.88	44.69
Free Cash Flow	29.7	77.99	25.44	56.63
Free Cash Flow Growth	-61.92%	206.52%	-55.07%	-
Free Cash Flow Margin	4.63%	17.30%	8.48%	22.28%
Free Cash Flow Per Share	1.15	3.49	1.17	2.69
Cash Interest Paid	-	0.87	0.93	1.3
Cash Income Tax Paid	-	10.54	8.42	0.22
Levered Free Cash Flow	-30.33	62.38	-16.99	-
Unlevered Free Cash Flow	-29.88	62.93	-16.41	-
Change in Working Capital	-39.54	21.63	-10.71	18.96

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