Haier Smart Home 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	19,553	18,731	16,597	14,712	13,079
Depreciation & Amortization	7,457	7,635	7,127	5,640	4,805
Other Amortization	1,293	467.45	511.29	411.34	257.8
Loss (Gain) From Sale of Assets	197.51	50.2	108.42	-182.31	-90.24
Asset Writedown & Restructuring Costs	38.68	3.59	91.72	13.9	34.14
Loss (Gain) From Sale of Investments	-1,620	-1,945	-1,716	-1,854	-2,469
Provision & Write-off of Bad Debts	1.16	346.29	291.2	501.35	362.21
Other Operating Activities	4,070	4,325	3,740	2,197	2,931
Change in Accounts Receivable	3,390	-7,765	-4,247	1,795	5,373
Change in Inventory	-4,652	-3,665	982.05	-2,783	-11,480
Change in Accounts Payable	-4,288	8,636	2,918	-1,509	9,875
Change in Other Net Operating Assets	678.92	368.25	699.42	1,008	360.27
Operating Cash Flow	26,003	26,318	26,536	20,257	23,235
Operating Cash Flow Growth	-1.20%	-0.82%	31.00%	-12.82%	-
Capital Expenditures	-8,852	-10,080	-10,542	-8,210	-7,372
Sale of Property, Plant & Equipment	118.33	42.34	170.52	228.86	289.83
Cash Acquisitions	-	-4,409	-156.31	-40.03	-
Divestitures	-	-	-	18.22	-
Investment in Securities	-8,980	-6,401	-7,641	-1,391	-1,465
Other Investing Activities	638.12	768.9	828.6	468	484.65
Investing Cash Flow	-17,075	-20,079	-17,340	-8,926	-8,063
Long-Term Debt Issued	33,148	13,649	20,942	18,379	12,052
Long-Term Debt Repaid	-33,430	-9,569	-18,854	-14,766	-19,550
Net Debt Issued (Repaid)	-282.49	4,080	2,088	3,612	-7,499
Issuance of Common Stock	65.23	268.82	945.82	987.34	41.51
Repurchase of Common Stock	-1,234	-	-	-	-
Common Dividends Paid	-13,873	-10,092	-7,256	-5,153	-4,036
Other Financing Activities	-2,346	-1,960	-3,699	-3,347	-4,166
Financing Cash Flow	-17,671	-7,704	-7,921	-3,900	-15,660
Foreign Exchange Rate Adjustments	16.16	-256.39	250.8	760.09	-105.42
Net Cash Flow	-8,727	-1,721	1,526	8,190	-592.93
Free Cash Flow	17,151	16,238	15,994	12,047	15,863
Free Cash Flow Growth	5.63%	1.52%	32.77%	-24.06%	-
Free Cash Flow Margin	5.67%	5.68%	5.83%	4.95%	6.98%
Free Cash Flow Per Share	1.84	1.75	1.72	1.29	1.70
Cash Interest Paid	150.93	-	-	-	-
Cash Income Tax Paid	14,767	14,410	13,430	8,778	8,331
Levered Free Cash Flow	6,552	8,664	8,143	6,250	11,684
Unlevered Free Cash Flow	8,227	10,369	9,496	6,868	12,130
Change in Working Capital	-4,987	-3,296	-214.84	-1,183	4,325

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