SGXC:VI2 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-134.7	-103.4	-91.58	20.96	123.96
Depreciation & Amortization	70.86	78.85	76.49	63.17	50.85
Loss (Gain) From Sale of Assets	5	-1.15	-4.11	-6.94	-4.77
Asset Writedown & Restructuring Costs	25.16	-	25.83	-	-
Stock-Based Compensation	0.04	-	-	-	-
Other Operating Activities	25.93	20.23	39.62	29.48	53.44
Change in Accounts Receivable	83.98	-9.32	59	205.11	-13.1
Change in Inventory	-41	159.29	147.77	-168.78	-83.36
Change in Accounts Payable	135.87	6.41	-68.46	143.65	66.07
Change in Unearned Revenue	-14.96	-0.02	-31.25	-61.41	17.68
Change in Other Net Operating Assets	-74.71	-96.74	-47.25	103.74	19.23
Operating Cash Flow	81.46	54.14	106.06	328.98	230
Operating Cash Flow Growth	50.46%	-48.95%	-67.76%	43.04%	115.12%
Capital Expenditures	-20.87	-54.09	-82.06	-98.77	-50.9
Sale of Property, Plant & Equipment	29.67	27.53	26.55	31.74	23.6
Investment in Securities	-	-	-	-	2.5
Other Investing Activities	0.36	0.68	3.79	4.39	1.49
Investing Cash Flow	9.16	-25.88	-51.72	-62.64	-23.31
Short-Term Debt Issued	52.56	22.02	29.72	-	-
Long-Term Debt Issued	844.92	1,905	2,160	2,516	3,556
Total Debt Issued	897.47	1,927	2,189	2,516	3,556
Short-Term Debt Repaid	-24.34	-39.09	-	-	-
Long-Term Debt Repaid	-954.22	-1,920	-2,227	-2,785	-3,594
Total Debt Repaid	-978.56	-1,959	-2,227	-2,785	-3,594
Net Debt Issued (Repaid)	-81.09	-31.39	-37.46	-269.12	-38.25
Issuance of Common Stock	-	-	-	-	92.32
Common Dividends Paid	-	-	-4.01	-10.41	-
Other Financing Activities	-32.67	-37.01	-44.28	-37.15	-210.51
Financing Cash Flow	-113.76	-68.4	-85.75	-316.67	-156.43
Foreign Exchange Rate Adjustments	0.78	-1.05	0.06	3.31	-2.75
Net Cash Flow	-22.35	-41.19	-31.35	-47.02	47.51
Free Cash Flow	60.59	0.05	24	230.21	179.1
Free Cash Flow Growth	118701.96%	-99.79%	-89.57%	28.54%	443.31%
Free Cash Flow Margin	3.04%	0.00%	0.69%	5.72%	3.97%
Free Cash Flow Per Share	0.10	-	0.04	0.39	0.35
Cash Interest Paid	32.67	37.01	44.28	37.15	48.18
Cash Income Tax Paid	0.19	3.11	7.58	29.91	33.76
Levered Free Cash Flow	64.51	2.62	20.97	199.31	-48.53
Unlevered Free Cash Flow	81.71	23.31	45.15	220.46	-18.42
Change in Working Capital	89.18	59.62	59.8	222.3	6.52

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