China Wafer Level CSP 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	369.62	252.76	150.1	228.44	576.05
Depreciation & Amortization	129.49	165.27	174.36	161.62	144.05
Other Amortization	8.49	2.09	2.09	2.09	1.53
Loss (Gain) From Sale of Assets	-2.66	-0	-0	-	-
Asset Writedown & Restructuring Costs	0.4	10.07	0.5	16.58	0.31
Loss (Gain) From Sale of Investments	-6.08	11.58	29.13	1.56	-45.59
Provision & Write-off of Bad Debts	0.89	0.44	4.53	-0.31	-0.95
Other Operating Activities	23.76	-38.23	-30.18	4.66	-40.66
Change in Accounts Receivable	-30.03	-40.3	37.63	58.99	24.04
Change in Inventory	-55.09	-25.89	-12.57	-9.55	-33.02
Change in Accounts Payable	12.36	9.13	-41.5	-59.26	-10.35
Change in Other Net Operating Assets	17.95	7.98	-1.35	4.75	5.29
Operating Cash Flow	483.93	355.48	305.58	391.75	613.1
Operating Cash Flow Growth	36.13%	16.33%	-22.00%	-36.10%	26.70%
Capital Expenditures	-552.39	-139.96	-210.72	-124.98	-365.2
Sale of Property, Plant & Equipment	3.54	0	-	-	0.56
Cash Acquisitions	-	-0.2	-20.14	-275.91	-
Divestitures	-	-	-	-	21.15
Investment in Securities	-308.8	182.76	-1,340	-281.66	-584.67
Other Investing Activities	53.39	94.45	54.13	51.97	52.22
Investing Cash Flow	-804.26	137.06	-1,517	-630.59	-875.94
Long-Term Debt Issued	442.86	500.6	400	105.41	4.34
Total Debt Issued	442.86	500.6	400	105.41	4.34
Long-Term Debt Repaid	-374.91	-748.71	-211.35	-5.06	-
Total Debt Repaid	-374.91	-748.71	-211.35	-5.06	-
Net Debt Issued (Repaid)	67.95	-248.11	188.65	100.36	4.34
Issuance of Common Stock	-	-	-	3.46	87.38
Repurchase of Common Stock	-	-22.07	-8.43	-	-
Common Dividends Paid	-61.07	-34.66	-54.87	-116.57	-79.75
Other Financing Activities	-	-	-	16.23	-0.72
Financing Cash Flow	6.89	-304.84	125.36	3.47	11.27
Foreign Exchange Rate Adjustments	-8.44	5.77	6.11	5.28	-2.68
Net Cash Flow	-321.89	193.47	-1,080	-230.08	-254.25
Free Cash Flow	-68.46	215.52	94.86	266.77	247.9
Free Cash Flow Growth	-	127.21%	-64.44%	7.61%	-31.09%
Free Cash Flow Margin	-4.64%	19.07%	10.39%	24.12%	17.57%
Free Cash Flow Per Share	-0.11	0.33	0.14	0.41	0.38
Cash Income Tax Paid	40.88	20.12	27.79	56.46	33.82
Levered Free Cash Flow	-196.12	127.92	-19.09	183.12	155.27
Unlevered Free Cash Flow	-190.98	131.41	-12.68	184.39	155.88
Change in Working Capital	-39.97	-48.5	-24.94	-22.89	-21.62

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