Vohringer Home Technology 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	-78.19	-78.89	-37.99	-24.18	9.72	20.33
Depreciation & Amortization	48.49	48.49	42.2	32.45	28.74	25.96
Other Amortization	1.67	1.67	-	-	-	-
Loss (Gain) From Sale of Assets	-0.04	-0.04	-	-	-1.06	-0.21
Asset Writedown & Restructuring Costs	22.81	22.81	3.25	0.46	0.15	1.58
Loss (Gain) From Sale of Investments	2.41	2.41	4.47	-2.86	-0.7	-3.89
Provision & Write-off of Bad Debts	0	0	1.6	3.33	0.95	1.38
Other Operating Activities	-24.46	-14.86	-2.45	5.67	2.75	52.89
Change in Accounts Receivable	17.53	17.53	-0.48	69	-1.32	-22.91
Change in Inventory	48.14	48.14	-15.05	20.23	16.49	-43.92
Change in Accounts Payable	-46.46	-46.46	-12.51	-149.02	1.95	96.25
Change in Other Net Operating Assets	-2.57	-2.57	-	-	-	-
Operating Cash Flow	-6.98	1.92	-19.34	-38.34	54.21	117.14
Operating Cash Flow Growth	-	-	-	-	-53.72%	92.51%
Capital Expenditures	-29.07	-25.55	-13.55	-138.13	-128.02	-169.09
Sale of Property, Plant & Equipment	0.06	0.06	0.04	0.03	1.35	0.26
Investment in Securities	147.49	311.44	-15	-30	132	-452
Other Investing Activities	-0.09	-	5.26	2.9	1.17	3.39
Investing Cash Flow	118.4	285.95	-23.25	-165.2	6.5	-617.44
Long-Term Debt Issued	-	26.86	43.09	203.39	147	50
Total Debt Issued	24.71	26.86	43.09	203.39	147	50
Long-Term Debt Repaid	-	-27.5	-14.5	-96	-117	-110
Total Debt Repaid	-27.5	-27.5	-14.5	-96	-117	-110
Net Debt Issued (Repaid)	-2.79	-0.64	28.59	107.39	30	-60
Issuance of Common Stock	31.8	31.8	-	-	-	-
Common Dividends Paid	-	-0.16	-1.13	-5.75	-8.2	-22.38
Other Financing Activities	-3.85	-3.99	-3.39	-1.01	-1.4	46.35
Financing Cash Flow	25.16	27.01	24.06	100.62	20.4	-36.03
Foreign Exchange Rate Adjustments	-0.22	-0.05	-	0.04	0.88	-1.1
Net Cash Flow	136.35	314.83	-18.52	-102.88	81.99	-537.43
Free Cash Flow	-36.05	-23.63	-32.89	-176.48	-73.81	-51.94
Free Cash Flow Margin	-10.11%	-6.48%	-10.51%	-44.69%	-14.02%	-6.65%
Free Cash Flow Per Share	-0.10	-0.07	-0.10	-0.51	-0.23	-0.15
Cash Interest Paid	3.99	3.99	3.39	1.01	1.4	-
Cash Income Tax Paid	-	-3.77	13.37	10.94	48.65	47.09
Levered Free Cash Flow	281.18	4.69	55.34	-260.27	-71.56	-114.75
Unlevered Free Cash Flow	283.59	7.19	57.46	-259.63	-70.68	-113.95
Change in Working Capital	20.33	20.33	-30.42	-53.21	13.66	19.09

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