Sichuan Swellfun Co.,Ltd Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	386.63	405.89	1,341	1,269	1,216	1,199
Depreciation & Amortization	224.85	224.85	170.05	106.27	90.67	80.31
Other Amortization	8.2	8.2	31.46	6.27	5.14	1.14
Loss (Gain) From Sale of Assets	0.19	0.19	0.6	0.36	1.05	9.13
Asset Writedown & Restructuring Costs	17.86	17.86	-	-	1.88	-
Provision & Write-off of Bad Debts	-	-	6.23	-	-	-
Other Operating Activities	675.14	9.99	12.91	20.14	12.11	5.13
Change in Accounts Receivable	11.89	11.89	-100.37	-41.96	39.91	-44.03
Change in Inventory	-713.18	-713.18	-797.74	-7.25	-257.21	-322.49
Change in Accounts Payable	-637.15	-637.15	66.38	434.82	268.23	737.14
Change in Other Net Operating Assets	21.33	21.33	2.69	14.46	32.86	1.15
Operating Cash Flow	21.58	-624.31	743.62	1,734	1,314	1,629
Operating Cash Flow Growth	-92.01%	-	-57.11%	31.98%	-19.36%	92.70%
Capital Expenditures	-175.47	-264.62	-508.66	-973.7	-952.8	-538.12
Sale of Property, Plant & Equipment	-	-	0	0	0.01	0
Investing Cash Flow	-175.47	-264.62	-508.66	-973.7	-952.78	-538.12
Long-Term Debt Issued	-	904.67	-	-	-	-
Long-Term Debt Repaid	-	-289.86	-6.63	-7.27	-6.48	-1.44
Net Debt Issued (Repaid)	336.52	614.82	-6.63	-7.27	-6.48	-1.44
Issuance of Common Stock	-	-	-	-	-	38.26
Repurchase of Common Stock	-	-	-115.11	-	-49.99	-118.99
Common Dividends Paid	-1,128	-1,160	-338.64	-310.18	-279.98	-447.05
Other Financing Activities	-5.48	-18	-	-0.26	-2.95	-1.69
Financing Cash Flow	-797.23	-563.31	-460.38	-317.71	-339.4	-530.91
Net Cash Flow	-951.12	-1,452	-225.42	442.21	21.36	559.88
Free Cash Flow	-153.89	-888.93	234.96	759.91	360.75	1,091
Free Cash Flow Growth	-	-	-69.08%	110.65%	-66.93%	73.85%
Free Cash Flow Margin	-5.32%	-29.26%	4.50%	15.34%	7.72%	23.55%
Free Cash Flow Per Share	-0.32	-1.83	0.48	1.56	0.74	2.23
Cash Income Tax Paid	942.07	1,089	1,774	1,624	1,666	1,533
Levered Free Cash Flow	-1,701	-2,102	-152.08	532.75	224.19	1,206
Unlevered Free Cash Flow	-1,701	-2,102	-151.63	533.04	224.65	1,206
Change in Working Capital	-1,291	-1,291	-818.65	331.78	-13.14	334.13

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