Shengyi Technology 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	1,739	1,164	1,531	2,830
Depreciation & Amortization	858.42	834.66	725.63	672.55
Other Amortization	11.2	-	-	-
Loss (Gain) From Sale of Assets	12.21	6.35	-5.58	-225.29
Asset Writedown & Restructuring Costs	-	-	33.96	103.99
Loss (Gain) From Sale of Investments	-56.09	7.91	-2.35	-87.52
Provision & Write-off of Bad Debts	51.53	-2.63	-23.55	24.15
Other Operating Activities	321.4	248.79	408.44	305.51
Change in Accounts Receivable	-2,552	105.28	576.21	-1,265
Change in Inventory	-910.34	-274.4	347.2	-2,062
Change in Accounts Payable	1,664	663.2	-819.44	1,430
Change in Other Net Operating Assets	341.83	24.01	44.41	87.43
Operating Cash Flow	1,456	2,743	2,820	1,776
Operating Cash Flow Growth	-46.92%	-2.73%	58.81%	1.01%
Capital Expenditures	-925.92	-1,109	-1,534	-1,787
Sale of Property, Plant & Equipment	10.76	41.5	354.13	30.68
Cash Acquisitions	-	-	-	-43
Investment in Securities	-55.02	-98.38	-35.53	-91.24
Other Investing Activities	36.2	3.36	22.47	10.17
Investing Cash Flow	-933.98	-1,162	-1,193	-1,880
Long-Term Debt Issued	3,062	2,638	4,163	4,455
Long-Term Debt Repaid	-3,351	-3,584	-3,378	-4,069
Net Debt Issued (Repaid)	-288.65	-946.81	784.63	386.22
Issuance of Common Stock	773.19	317.96	192.3	261.01
Repurchase of Common Stock	-150.37	-	-	-
Common Dividends Paid	-1,192	-1,219	-1,545	-1,047
Other Financing Activities	-418.47	-71.46	-80.58	1,797
Financing Cash Flow	-1,276	-1,919	-648.25	1,398
Foreign Exchange Rate Adjustments	2.61	-0.66	10.78	-6.2
Net Cash Flow	-751.67	-338.96	989.45	1,287
Free Cash Flow	530.2	1,634	1,286	-11.16
Free Cash Flow Growth	-67.56%	27.10%	-	-
Free Cash Flow Margin	2.60%	9.85%	7.14%	-0.06%
Free Cash Flow Per Share	0.22	0.69	0.55	-0.01
Cash Income Tax Paid	337.09	326.86	477.8	748.92
Levered Free Cash Flow	240.65	500.33	786.06	-1,453
Unlevered Free Cash Flow	314.58	601.72	893.19	-1,366
Change in Working Capital	-1,481	484.05	152.66	-1,847

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