Linhai 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	20.72	18.43	13.31	9.32	9.51	7.72
Depreciation & Amortization	13.21	13.21	12.57	11.49	12.7	12.23
Other Amortization	0.66	0.66	0.48	0.33	0.3	0.23
Loss (Gain) From Sale of Assets	-	-	-	-	1.27	-0.01
Asset Writedown & Restructuring Costs	0.42	0.42	-0.27	-0.17	-	2.91
Loss (Gain) From Sale of Investments	-0.07	-0.07	-0.14	-	-	-
Provision & Write-off of Bad Debts	6.17	6.17	10.72	6.72	4.03	-0.05
Other Operating Activities	22.98	-1.88	1.69	1.04	3.42	-
Change in Accounts Receivable	-61.97	-61.97	13.04	-11.36	-92.8	43.61
Change in Inventory	-17.59	-17.59	42.36	-22.99	-19.91	-0.67
Change in Accounts Payable	163.7	163.7	64	48.44	75.75	-32.82
Operating Cash Flow	144.54	117.38	156.03	41.34	-6.72	33.79
Operating Cash Flow Growth	-10.17%	-24.77%	277.47%	-	-	-
Capital Expenditures	-16.22	-25.52	-29.84	-12.05	-6.24	-2.89
Sale of Property, Plant & Equipment	0.03	0.21	0.07	0.1	0	0.17
Investment in Securities	-140	-140	-	-120	-	-
Other Investing Activities	77.37	6	0.23	-	-	-
Investing Cash Flow	-78.83	-159.31	-29.54	-131.95	-6.24	-2.72
Long-Term Debt Issued	-	-	30	30	-	-
Total Debt Issued	-	-	30	30	-	-
Long-Term Debt Repaid	-	-	-30	-	-	-
Total Debt Repaid	-30	-	-30	-	-	-
Net Debt Issued (Repaid)	-30	-	-	30	-	-
Common Dividends Paid	-7.22	-5.56	-7.48	-0.19	-	-8.76
Financing Cash Flow	-37.22	-5.56	-7.48	29.81	-	-8.76
Foreign Exchange Rate Adjustments	2.51	6.81	0.9	1.81	-0.62	-
Net Cash Flow	31	-40.68	119.91	-59.01	-13.58	22.31
Free Cash Flow	128.31	91.86	126.19	29.29	-12.96	30.9
Free Cash Flow Growth	0.61%	-27.21%	330.85%	-	-	-
Free Cash Flow Margin	11.77%	8.74%	18.16%	4.01%	-1.54%	5.15%
Free Cash Flow Per Share	0.58	0.42	0.58	0.14	-0.06	0.14
Cash Income Tax Paid	-	-29.57	-20.24	-54.53	1.65	9.13
Levered Free Cash Flow	181.47	89.19	122.83	12.2	-10.37	27.89
Unlevered Free Cash Flow	181.89	89.66	123.41	12.44	-10.37	27.89
Change in Working Capital	80.45	80.45	117.67	12.62	-37.95	10.75

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