Huaqin 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	4,054	2,926	2,707	2,564	1,893
Depreciation & Amortization	1,523	1,195	1,049	835.25	577.01
Other Amortization	127.16	47.57	36.87	51.07	47.13
Loss (Gain) From Sale of Assets	0.58	1.03	14.36	8.59	1.7
Asset Writedown & Restructuring Costs	28.67	0.32	300.48	86.32	49.15
Loss (Gain) From Sale of Investments	-599.48	-37.07	-279.67	-200.6	-626.74
Provision & Write-off of Bad Debts	10.54	-4.23	42.46	26.78	0.6
Other Operating Activities	598.64	249.82	409.38	96.08	104.74
Change in Accounts Receivable	-12,169	-10,612	-1,025	4,971	-5,583
Change in Inventory	-3,354	-6,432	1,680	1,561	-2,983
Change in Accounts Payable	9,521	13,970	-1,155	-7,547	8,766
Change in Other Net Operating Assets	98.42	90.28	110.74	100.02	243.86
Operating Cash Flow	-223.31	1,376	3,850	2,567	2,490
Operating Cash Flow Growth	-	-64.26%	49.96%	3.10%	-5.17%
Capital Expenditures	-3,432	-2,067	-1,465	-2,365	-3,605
Sale of Property, Plant & Equipment	27.36	18.56	19.12	32.99	37.46
Cash Acquisitions	-2,223	-2,521	-	2.88	-
Divestitures	-	4.86	-	-	-
Investment in Securities	-2,025	798	-1,936	-1,024	-1,059
Other Investing Activities	269.33	147.37	56.96	159.12	294.83
Investing Cash Flow	-7,384	-3,619	-3,325	-3,194	-4,331
Long-Term Debt Issued	24,737	20,288	10,706	21,332	10,577
Long-Term Debt Repaid	-16,162	-14,902	-10,616	-19,031	-8,358
Net Debt Issued (Repaid)	8,575	5,386	89.47	2,301	2,219
Issuance of Common Stock	106.47	74.38	5,762	-	-
Repurchase of Common Stock	-4.3	-309.54	-	-	-
Common Dividends Paid	-1,289	-1,066	-175.91	-242.92	-121.27
Other Financing Activities	-697.09	-737.29	-238.21	-798.33	-521.14
Financing Cash Flow	6,692	3,348	5,437	1,259	1,577
Foreign Exchange Rate Adjustments	-239.62	90.2	-234.61	-25.47	-28.03
Net Cash Flow	-1,155	1,195	5,728	607.29	-292.45
Free Cash Flow	-3,655	-691.17	2,385	202.3	-1,115
Free Cash Flow Growth	-	-	1078.89%	-	-
Free Cash Flow Margin	-2.13%	-0.63%	2.79%	0.22%	-1.33%
Free Cash Flow Per Share	-3.62	-0.68	2.50	0.22	-1.22
Cash Income Tax Paid	-4,380	-1,110	-2,333	-3,999	-3,513
Levered Free Cash Flow	-5,141	-2,604	1,870	-1,442	-1,477
Unlevered Free Cash Flow	-4,948	-2,451	2,039	-1,303	-1,408
Change in Working Capital	-5,967	-3,003	-430.39	-899.89	443.51

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