Phenix Optical Company 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	34.42	13.45	-84.47	1.72	10.6
Depreciation & Amortization	105.16	118.55	131.28	96.91	78.88
Other Amortization	18.14	19.58	12.45	7.66	5.57
Loss (Gain) From Sale of Assets	-10.12	-37.44	-0.04	-0.48	-0.85
Asset Writedown & Restructuring Costs	9.87	-0.01	11.96	-0.05	2.12
Loss (Gain) From Sale of Investments	-7.32	1.39	-0.42	1.18	0.28
Provision & Write-off of Bad Debts	-1.22	1.43	3.42	5.15	4.11
Other Operating Activities	22.34	39.92	48.15	27.37	16.44
Change in Accounts Receivable	166.63	-68.2	42.73	-97.3	-89.37
Change in Inventory	31.59	-6.95	3.49	15.98	-76.15
Change in Accounts Payable	-208.85	-11.14	-6.76	26.5	51.67
Operating Cash Flow	160.69	70.7	154.79	81.46	2.96
Operating Cash Flow Growth	127.28%	-54.33%	90.03%	2656.23%	-86.84%
Capital Expenditures	-49.82	-43.1	-155.93	-144.95	-108.16
Sale of Property, Plant & Equipment	65.73	46.38	0.49	2.11	2.42
Divestitures	-	-	-	-	0.98
Investment in Securities	-	-	-	7.63	-
Other Investing Activities	-1.79	-	-	0.16	0.1
Investing Cash Flow	14.12	3.28	-155.45	-135.05	-104.67
Long-Term Debt Issued	639.31	435.15	503.38	1,350	656.33
Total Debt Issued	639.31	435.15	503.38	1,350	656.33
Long-Term Debt Repaid	-644.8	-519.41	-556.92	-1,063	-633.01
Total Debt Repaid	-644.8	-519.41	-556.92	-1,063	-633.01
Net Debt Issued (Repaid)	-5.5	-84.26	-53.54	287.43	23.32
Common Dividends Paid	-18.81	-22.64	-25.29	-20.9	-15.59
Other Financing Activities	-30.41	-	-10.31	-168.19	11.76
Financing Cash Flow	-54.71	-106.9	-89.14	98.33	19.49
Foreign Exchange Rate Adjustments	0.18	2.57	2.06	2.75	-1.07
Net Cash Flow	120.29	-30.35	-87.73	47.5	-83.29
Free Cash Flow	110.86	27.6	-1.14	-63.49	-105.2
Free Cash Flow Growth	301.65%	-	-	-	-
Free Cash Flow Margin	6.92%	1.64%	-0.06%	-3.40%	-6.60%
Free Cash Flow Per Share	0.39	0.10	-0.00	-0.37	-0.40
Cash Income Tax Paid	-	29.9	30.37	18.24	3.77
Levered Free Cash Flow	386.5	-22.08	-38.97	-144.69	-111.1
Unlevered Free Cash Flow	399.15	-7.35	-21.78	-130.19	-99.42
Change in Working Capital	-10.58	-86.16	32.47	-58.01	-114.2

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