Nanjing Huamai Technology 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	-48.54	14.57	-84.2	-95.47	8.41
Depreciation & Amortization	53.83	50.08	53.36	56.87	56.93
Other Amortization	0	2.6	0.97	1.43	1.55
Loss (Gain) From Sale of Assets	-0.08	0.1	0.46	-0.07	0.26
Asset Writedown & Restructuring Costs	0.17	-50.8	3.51	6.48	4.03
Loss (Gain) From Sale of Investments	-1.32	26.97	-2.85	-2.48	-0.31
Provision & Write-off of Bad Debts	-	-3.86	8.88	51.22	17.03
Other Operating Activities	11.69	5.62	26.26	8.88	-14.95
Change in Accounts Receivable	-13.51	37.6	19.21	217.34	-113.17
Change in Inventory	4.82	39.42	14.42	15.31	-13.25
Change in Accounts Payable	87.78	-95.09	42.21	-169.74	9.08
Change in Other Net Operating Assets	-	-	-4.35	4.35	-
Operating Cash Flow	105.74	35.93	77.26	75.68	-58.23
Operating Cash Flow Growth	194.27%	-53.49%	2.09%	-	-
Capital Expenditures	-6.36	-11.27	-16.56	-17.16	-46.67
Sale of Property, Plant & Equipment	0.13	0.54	45.94	0.47	2.76
Divestitures	1	-0.01	0.2	1.95	-
Investment in Securities	-4	70	2.5	-20	25
Other Investing Activities	1.32	2.02	2.61	2.08	0.51
Investing Cash Flow	-7.91	61.29	34.69	-32.67	-18.39
Long-Term Debt Issued	183.46	232.72	234.65	200.51	328.51
Total Debt Issued	183.46	232.72	234.65	200.51	328.51
Long-Term Debt Repaid	-143.56	-279.36	-342.62	-354.92	-390.91
Total Debt Repaid	-143.56	-279.36	-342.62	-354.92	-390.91
Net Debt Issued (Repaid)	39.9	-46.64	-107.97	-154.41	-62.4
Issuance of Common Stock	-	-	-	-	247.39
Common Dividends Paid	-5.08	-5.59	-11	-17.28	-28.5
Other Financing Activities	-15.47	26.05	0.19	78.66	6.54
Financing Cash Flow	19.35	-26.18	-118.78	-93.03	163.03
Foreign Exchange Rate Adjustments	-0.83	1.14	-1.15	3.09	-0.77
Net Cash Flow	116.35	72.18	-7.98	-46.93	85.64
Free Cash Flow	99.38	24.66	60.7	58.51	-104.9
Free Cash Flow Growth	303.00%	-59.37%	3.74%	-	-
Free Cash Flow Margin	12.17%	2.72%	6.46%	5.35%	-8.86%
Free Cash Flow Per Share	0.62	0.15	0.38	0.36	-0.71
Cash Interest Paid	-	0.12	-	-	-
Cash Income Tax Paid	18.48	18.29	28.64	6.29	16.21
Levered Free Cash Flow	161.86	93.92	83.22	58.55	-55.96
Unlevered Free Cash Flow	161.86	98.28	89.63	68.27	-42.52
Change in Working Capital	89.99	-9.35	70.87	48.82	-131.18

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