Mininglamp Technology 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	-6,415	4.74	314.56	1,660
Depreciation & Amortization	44.61	66.76	85.09	227.31
Other Amortization	1.25	1.33	1.32	1.38
Loss (Gain) From Sale of Assets	-0.39	1.21	2.8	43.99
Asset Writedown & Restructuring Costs	-	-	-	39.24
Loss (Gain) From Sale of Investments	10.42	16.02	20.47	67.48
Loss (Gain) on Equity Investments	0.68	-0.28	1.26	5.28
Stock-Based Compensation	16.21	106.58	85.81	71.55
Provision & Write-off of Bad Debts	30.66	26.63	-	-
Other Operating Activities	6,381	-171.72	-551.43	-2,852
Change in Accounts Receivable	-141.83	-48.53	-3.66	58.89
Change in Inventory	56.99	108.84	63.51	-66.14
Change in Accounts Payable	80.07	-42.39	-11.07	41.71
Change in Unearned Revenue	-38.83	-94.96	-106.52	1.17
Change in Other Net Operating Assets	-8.2	-2.14	-19.56	139.07
Operating Cash Flow	18.03	-27.92	-117.42	-561.05
Capital Expenditures	-10.38	-9.93	-15.23	-16.89
Sale of Property, Plant & Equipment	1.49	0.63	0.8	4.54
Cash Acquisitions	-7.59	-1.79	-	45.57
Divestitures	-	-	-	1.06
Sale (Purchase) of Intangibles	-0.13	-0.38	-0.95	-0.05
Investment in Securities	-19.92	2.07	27.99	20.25
Other Investing Activities	8.68	34.9	30.75	110.99
Investing Cash Flow	-16.01	20.64	36.09	167.71
Long-Term Debt Issued	966.39	1,182	1,324	695.23
Long-Term Debt Repaid	-1,001	-1,288	-1,522	-646.28
Net Debt Issued (Repaid)	-34.34	-106.44	-197.25	48.94
Issuance of Common Stock	1,076	0.17	0.18	7.88
Repurchase of Common Stock	-	-10.75	-4.95	-1.9
Other Financing Activities	-48.94	-17.09	277.3	-29.71
Financing Cash Flow	992.86	87.25	146.1	25.22
Foreign Exchange Rate Adjustments	-13.11	25.49	49.21	105.32
Net Cash Flow	981.77	105.46	113.98	-262.81
Free Cash Flow	7.66	-37.85	-132.64	-577.94
Free Cash Flow Margin	0.54%	-2.74%	-9.07%	-45.53%
Free Cash Flow Per Share	0.16	-0.33	-1.21	-5.34
Cash Interest Paid	7.94	18.43	29.83	30.87
Cash Income Tax Paid	0.76	2.07	2.41	0.12
Levered Free Cash Flow	48.86	-379.61	108.56	-
Unlevered Free Cash Flow	53.81	-372.3	129.34	-
Change in Working Capital	-51.8	-79.18	-77.3	174.69

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