Carote Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	294.68	355.99	237.13	108.77	31.72
Depreciation & Amortization	5.38	6.26	4.54	4.39	5.7
Loss (Gain) From Sale of Assets	0	0	-0	2	0.14
Loss (Gain) From Sale of Investments	-0.14	-0.14	-0.38	-0.83	-0.65
Stock-Based Compensation	2.18	2.18	1.6	-	-
Other Operating Activities	-55.65	-9.3	4.39	11	-1.38
Change in Accounts Receivable	-12.06	-12.06	-18.69	6.85	-15.07
Change in Inventory	-46.57	-46.57	-66.11	-11.68	-8.29
Change in Accounts Payable	38.39	38.39	82.4	-5.74	118.93
Change in Other Net Operating Assets	15.47	15.47	-0.94	13.89	-9.13
Operating Cash Flow	241.69	350.23	243.95	128.65	121.97
Operating Cash Flow Growth	-0.93%	43.56%	89.63%	5.48%	-
Capital Expenditures	-72.59	-69	-5.86	-117.4	-13.71
Sale of Property, Plant & Equipment	0.12	0.12	-	2.19	3
Investment in Securities	-736.58	-811.84	39.6	-63.11	-31.27
Other Investing Activities	0.17	6.62	14.36	4.86	-51.52
Investing Cash Flow	-808.89	-874.1	48.1	-183.97	-95.44
Long-Term Debt Issued	-	-	5	50.69	47.62
Short-Term Debt Repaid	-	-	-	-18.52	-12.49
Long-Term Debt Repaid	-	-6.11	-22.93	-35.88	-18.13
Total Debt Repaid	-8.38	-6.11	-22.93	-54.4	-30.62
Net Debt Issued (Repaid)	-8.38	-6.11	-17.93	-3.71	17
Issuance of Common Stock	762.04	762.04	1.37	5.88	19.13
Common Dividends Paid	-	-100	-117.73	-	-
Other Financing Activities	-5.21	-7.88	36.06	-1.56	-1.2
Financing Cash Flow	744.95	648.05	-98.23	0.61	34.93
Foreign Exchange Rate Adjustments	15.79	17.08	-0.23	-0.54	0.01
Net Cash Flow	193.53	141.27	193.58	-55.26	61.47
Free Cash Flow	169.1	281.23	238.09	11.25	108.26
Free Cash Flow Growth	-28.98%	18.12%	2015.77%	-89.61%	-
Free Cash Flow Margin	8.65%	13.56%	15.04%	1.46%	16.03%
Free Cash Flow Per Share	0.33	0.64	0.59	0.03	0.27
Cash Interest Paid	0	0.08	0.16	1.56	1.2
Cash Income Tax Paid	58.73	59.71	30.31	6.11	2.38
Levered Free Cash Flow	-	172.9	125.52	-1.69	-
Unlevered Free Cash Flow	-	173.06	125.71	-0.46	-
Change in Working Capital	-4.77	-4.77	-3.33	3.32	86.45

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