JCET Group 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	1,565	1,610	1,471	3,231	2,959
Depreciation & Amortization	4,097	3,629	3,529	3,790	3,686
Other Amortization	48.73	10	10.03	2.59	0.54
Loss (Gain) From Sale of Assets	-0.33	4.67	-7.88	-51.82	-14.27
Asset Writedown & Restructuring Costs	-65.9	-	-	3.93	165.64
Loss (Gain) From Sale of Investments	-49.21	3.01	-13.63	-144.65	-314.98
Stock-Based Compensation	-	-14.02	13.38	96.29	-
Provision & Write-off of Bad Debts	19.6	3.38	5.24	-34.22	-23.39
Other Operating Activities	422.49	418.98	288.6	384.03	262.46
Change in Accounts Receivable	-643.09	-961.22	-555.39	787.62	-585.78
Change in Inventory	-153.67	-363.44	-74.03	5.06	-442.84
Change in Accounts Payable	-541	1,842	-75.89	-1,955	1,835
Operating Cash Flow	4,652	5,834	4,437	6,012	7,429
Operating Cash Flow Growth	-20.26%	31.50%	-26.21%	-19.06%	36.69%
Capital Expenditures	-6,298	-4,591	-3,128	-3,924	-4,358
Sale of Property, Plant & Equipment	52.49	19.11	62.44	106.79	270.53
Cash Acquisitions	-1,574	-1,496	-	-	-
Divestitures	-	-	-	30.3	-
Investment in Securities	-1,297	-254.7	2,000	-1,660	-2,272
Other Investing Activities	59.62	60.42	68.12	88.81	43.67
Investing Cash Flow	-9,056	-6,262	-997.74	-5,358	-6,316
Long-Term Debt Issued	11,521	10,187	8,920	5,216	7,153
Long-Term Debt Repaid	-10,881	-8,351	-7,147	-5,740	-12,212
Net Debt Issued (Repaid)	640.44	1,836	1,772	-523.3	-5,059
Issuance of Common Stock	-	11.33	180.5	-	4,965
Common Dividends Paid	-595.54	-579.8	-627.47	-524.78	-389.01
Other Financing Activities	687	1,147	86	-	-8.85
Financing Cash Flow	731.9	2,414	1,411	-1,048	-492
Foreign Exchange Rate Adjustments	-94.87	30.57	21.78	83.94	-24.6
Net Cash Flow	-3,767	2,017	4,872	-309.94	596.09
Free Cash Flow	-1,646	1,243	1,308	2,088	3,070
Free Cash Flow Growth	-	-4.98%	-37.35%	-31.99%	45.91%
Free Cash Flow Margin	-4.23%	3.46%	4.41%	6.19%	10.07%
Free Cash Flow Per Share	-0.92	0.69	0.73	1.17	1.78
Cash Income Tax Paid	-329.12	-43.97	296.68	235.73	219.11
Levered Free Cash Flow	-2,703	2,165	330.68	1,036	1,904
Unlevered Free Cash Flow	-2,430	2,442	527.11	1,166	2,099
Change in Working Capital	-1,385	169.47	-858.79	-1,265	708.03

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