Wasion Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	705.61	521.23	323.8	268.08
Depreciation & Amortization	164.76	136.57	117.4	95.52
Other Amortization	151	140.24	149.6	123.7
Loss (Gain) From Sale of Assets	-0.55	5.27	-0.6	-0.44
Asset Writedown & Restructuring Costs	-	-	7.68	7.67
Loss (Gain) From Sale of Investments	6.51	34.72	40.21	-2.27
Loss (Gain) on Equity Investments	-0.28	-0.76	-3.24	-
Stock-Based Compensation	36.08	7.4	2.1	-
Provision & Write-off of Bad Debts	109.4	73.31	78.99	69.59
Other Operating Activities	350.22	318.53	264.32	190.73
Change in Accounts Receivable	-1,298	-48.75	-436.36	-151.37
Change in Inventory	-107.68	-117.8	-109.74	-488.62
Change in Accounts Payable	1,078	277.42	328.92	266.91
Change in Other Net Operating Assets	-267.98	149.21	100.15	-127.89
Operating Cash Flow	926.8	1,497	863.23	251.62
Operating Cash Flow Growth	-38.07%	73.37%	243.06%	34.35%
Capital Expenditures	-371.58	-446.29	-246.34	-216.65
Sale of Property, Plant & Equipment	9.19	6.47	20.07	6.25
Cash Acquisitions	-	-37.97	-	-44.48
Divestitures	100.65	-	-	-
Sale (Purchase) of Intangibles	-150.76	-118.29	-143.4	-155.11
Investment in Securities	100.87	-193.27	-65.06	-14.94
Other Investing Activities	140.58	273.56	-263.47	-37.64
Investing Cash Flow	-171.05	-515.8	-678.19	-462.57
Long-Term Debt Issued	2,571	2,510	2,629	2,570
Long-Term Debt Repaid	-2,539	-2,687	-2,805	-2,014
Net Debt Issued (Repaid)	32.37	-176.1	-175.74	555.73
Repurchase of Common Stock	-6.29	-	-	-
Common Dividends Paid	-254.25	-206.26	-168.53	-164.87
Other Financing Activities	-305.37	-97.65	-374.5	52.99
Financing Cash Flow	-533.54	-480.01	-718.77	443.86
Foreign Exchange Rate Adjustments	-1.8	6.18	22.71	-7.44
Net Cash Flow	220.4	506.97	-511.02	225.47
Free Cash Flow	555.22	1,050	616.89	34.97
Free Cash Flow Growth	-47.14%	70.26%	1663.96%	-60.74%
Free Cash Flow Margin	6.37%	14.48%	10.54%	0.76%
Free Cash Flow Per Share	0.56	1.06	0.63	0.04
Cash Interest Paid	125.53	131.53	112.5	99.27
Cash Income Tax Paid	200.32	123.73	75.06	46.12
Levered Free Cash Flow	224.54	696.62	-55.28	-528.41
Unlevered Free Cash Flow	303	778.83	15.04	-466.37
Change in Working Capital	-595.94	260.08	-117.04	-500.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.