StarPower Semiconductor Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	507.67	910.53	817.64	398.38
Depreciation & Amortization	218.72	109.14	61.33	42.51
Loss (Gain) From Sale of Assets	0.14	-0.03	-0.01	1.57
Loss (Gain) From Sale of Investments	-4.57	-6.73	-19.39	-4.58
Provision & Write-off of Bad Debts	12.11	11.92	10.55	4.24
Other Operating Activities	100.9	49.31	16.8	6.82
Change in Accounts Receivable	-256.33	-311.57	-287.01	-103.13
Change in Inventory	-52.91	-559.42	-305.97	-142.39
Change in Accounts Payable	414.51	155.77	347.55	139.22
Change in Other Net Operating Assets	0.81	8.17	16.35	17.32
Operating Cash Flow	962.64	382.69	668.35	356.71
Operating Cash Flow Growth	151.55%	-42.74%	87.37%	-
Capital Expenditures	-2,003	-2,203	-1,302	-376.25
Sale of Property, Plant & Equipment	0.15	0.06	0.04	0.09
Investment in Securities	27	673	50	-611
Other Investing Activities	8.21	19.08	27.29	4.12
Investing Cash Flow	-1,968	-1,511	-1,225	-983.04
Long-Term Debt Issued	754.69	380.96	561.16	265
Total Debt Issued	754.69	380.96	561.16	265
Long-Term Debt Repaid	-180.12	-3.64	-0.9	-165.63
Total Debt Repaid	-180.12	-3.64	-0.9	-165.63
Net Debt Issued (Repaid)	574.57	377.31	560.26	99.37
Issuance of Common Stock	12.39	67.55	23.82	3,478
Common Dividends Paid	-336.46	-275.15	-130.82	-57.25
Other Financing Activities	-0	-0.01	-0.8	-1.59
Financing Cash Flow	250.5	169.7	452.46	3,519
Foreign Exchange Rate Adjustments	-10.29	1.56	0.68	-1.13
Net Cash Flow	-764.83	-956.84	-103.12	2,891
Free Cash Flow	-1,040	-1,820	-633.58	-19.54
Free Cash Flow Margin	-30.69%	-49.69%	-23.42%	-1.15%
Free Cash Flow Per Share	-4.34	-7.60	-2.65	-0.09
Cash Income Tax Paid	-149.75	-106.23	216.44	84.6
Levered Free Cash Flow	-1,341	-2,219	-1,021	-110.77
Unlevered Free Cash Flow	-1,339	-2,218	-1,020	-108.63
Change in Working Capital	127.67	-691.45	-218.56	-92.23

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