Caihong Display Devices 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	434.37	1,240	661.08	-2,662	2,670
Depreciation & Amortization	3,271	3,106	2,941	2,906	2,553
Other Amortization	-	17.52	1.5	0.75	-
Loss (Gain) From Sale of Assets	0.54	-0.96	-1.69	-3.35	-2.93
Asset Writedown & Restructuring Costs	50.41	15.16	15.4	1.67	31.73
Loss (Gain) From Sale of Investments	-48.35	-42.25	-24.66	-37.89	-25.42
Provision & Write-off of Bad Debts	-	-1.12	1.22	0.67	-0.58
Other Operating Activities	403.11	497.92	540.16	662.66	715.36
Change in Accounts Receivable	243.8	-	-	822.74	509.36
Change in Inventory	-251.13	-236.64	20.71	511.11	-864.9
Change in Accounts Payable	90.35	-252.63	-1,132	574.06	1,513
Operating Cash Flow	4,194	4,342	3,020	2,774	7,096
Operating Cash Flow Growth	-3.42%	43.76%	8.86%	-60.90%	79.30%
Capital Expenditures	-3,342	-3,310	-2,617	-4,135	-4,035
Sale of Property, Plant & Equipment	0.75	1.63	3.47	3.76	162.09
Investment in Securities	-522.26	-567.05	-452.83	-170.42	30.95
Other Investing Activities	-	19.27	-	77.73	34.73
Investing Cash Flow	-3,863	-3,857	-3,067	-4,224	-3,807
Long-Term Debt Issued	8,470	6,351	6,140	8,097	4,721
Long-Term Debt Repaid	-9,854	-8,091	-8,686	-6,548	-5,271
Net Debt Issued (Repaid)	-1,384	-1,740	-2,547	1,549	-549.78
Common Dividends Paid	-288.3	-429.02	-599.74	-684.64	-635.47
Other Financing Activities	4,328	1,950	-	-	-2.66
Financing Cash Flow	2,656	-218.55	-3,147	864.08	-1,188
Foreign Exchange Rate Adjustments	1.34	79.96	20.99	35.02	-25.74
Net Cash Flow	2,988	346.71	-3,172	-550.07	2,076
Free Cash Flow	851.88	1,031	402.8	-1,360	3,061
Free Cash Flow Growth	-17.41%	156.07%	-	-	271.03%
Free Cash Flow Margin	7.54%	8.84%	3.51%	-15.17%	20.16%
Free Cash Flow Per Share	0.24	0.29	0.11	-0.38	0.85
Cash Interest Paid	-	-	-	-	2.76
Cash Income Tax Paid	-279.63	-405.25	-624.02	-1,817	-1,342
Levered Free Cash Flow	-667.09	124.72	-496.2	-3,210	-374.44
Unlevered Free Cash Flow	-667.09	399.11	-167.5	-2,826	32.27
Change in Working Capital	82.37	-490.07	-1,113	1,906	1,156

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