JHT Design 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	176.53	78.48	84.79	153.93	153.72
Depreciation & Amortization	15.9	13.26	10.73	9.14	5.07
Other Amortization	5.44	2.04	1.99	1.68	0.67
Loss (Gain) From Sale of Assets	0.01	0.02	-0.06	-0.01	0.02
Asset Writedown & Restructuring Costs	-	-	-	-	0.05
Loss (Gain) From Sale of Investments	-2.98	-5.43	-7	-1.14	-0.5
Provision & Write-off of Bad Debts	25.02	9.82	9.02	4.36	3.47
Other Operating Activities	7.78	6.64	8.54	-0.34	5.7
Change in Accounts Receivable	-258.47	-104.82	-86.77	-45.32	-77.78
Change in Inventory	-123.38	35.05	-56.49	-61.91	-120.98
Change in Accounts Payable	265.13	21.04	-11.25	5.32	94.34
Change in Other Net Operating Assets	28.73	9.58	-	1.38	1.51
Operating Cash Flow	127.81	58.99	-48.36	67.19	62.9
Operating Cash Flow Growth	116.68%	-	-	6.81%	28.97%
Capital Expenditures	-116.7	-92.05	-122.98	-57.62	-20.4
Sale of Property, Plant & Equipment	0.03	-	0.13	0.13	0.01
Investment in Securities	-163.79	115.01	-80	-90	-
Other Investing Activities	5.19	8.09	6.45	1.12	0.53
Investing Cash Flow	-275.27	31.04	-196.4	-146.37	-19.86
Short-Term Debt Issued	19.87	29.52	-	10	13
Total Debt Issued	19.87	29.52	-	10	13
Short-Term Debt Repaid	-29.52	-	-10	-13	-36.5
Long-Term Debt Repaid	-8.29	-7.28	-6.63	-5.43	-2.89
Total Debt Repaid	-37.81	-7.28	-16.63	-18.43	-39.39
Net Debt Issued (Repaid)	-17.94	22.24	-16.63	-8.43	-26.39
Issuance of Common Stock	-	-	786.65	-	-
Repurchase of Common Stock	-	-165.97	-	-	-
Common Dividends Paid	-10.44	-10.73	-15.75	-0.38	-0.86
Other Financing Activities	69.8	24.8	-42.65	-2.36	-2.73
Financing Cash Flow	41.42	-129.67	711.62	-11.17	-29.97
Foreign Exchange Rate Adjustments	-2.17	0.94	0.04	5.48	-1.03
Net Cash Flow	-108.21	-38.7	466.9	-84.88	12.04
Free Cash Flow	11.11	-33.06	-171.34	9.56	42.5
Free Cash Flow Growth	-	-	-	-77.50%	-10.28%
Free Cash Flow Margin	1.59%	-8.13%	-49.34%	2.25%	10.11%
Free Cash Flow Per Share	0.19	-0.57	-2.97	0.21	0.95
Cash Income Tax Paid	57.07	26.19	11.77	24.45	27.02
Levered Free Cash Flow	-68.46	-34.93	-224.81	4.96	-4.98
Unlevered Free Cash Flow	-67.78	-34.43	-224.47	5.55	-4.34
Change in Working Capital	-99.89	-45.84	-156.38	-100.43	-105.3

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