Sichuan Furong 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	146	118.36	159.68	278.44	391.25	293.22
Depreciation & Amortization	82.49	82.49	69.21	38.59	32.06	31.12
Asset Writedown & Restructuring Costs	-2.5	-2.5	-	0.1	1.33	-1.3
Loss (Gain) From Sale of Investments	-2.41	-2.41	-6.79	-4.21	-1.07	-2.3
Provision & Write-off of Bad Debts	-	-	2.5	-4.65	2.36	8.39
Other Operating Activities	79.14	31.8	15.54	3.82	-5.06	5.99
Change in Accounts Receivable	-188.8	-188.8	-32.89	103.46	88.04	-57.21
Change in Inventory	-132.07	-132.07	42.42	-142.65	68.62	-74.3
Change in Accounts Payable	-28.45	-28.45	64.69	-13.82	47.43	12.31
Operating Cash Flow	-58.33	-133.31	310.61	255.86	621.26	215.07
Operating Cash Flow Growth	-	-	21.40%	-58.82%	188.87%	39.27%
Capital Expenditures	-217.91	-170.66	-348.94	-492	-433.75	-44.33
Sale of Property, Plant & Equipment	-0.06	0.01	-	0.13	-	-
Investment in Securities	180	-190	-	4.31	97.14	-36.43
Other Investing Activities	4.79	3.61	6.79	-	-	-
Investing Cash Flow	-33.19	-357.05	-342.15	-487.56	-336.62	-80.76
Long-Term Debt Issued	-	618	203.65	199.07	309.07	20
Total Debt Issued	787.34	618	203.65	199.07	309.07	20
Long-Term Debt Repaid	-	-229.27	-35.91	-186.03	-115	-97
Total Debt Repaid	-362.33	-229.27	-35.91	-186.03	-115	-97
Net Debt Issued (Repaid)	425.01	388.73	167.74	13.04	194.07	-77
Issuance of Common Stock	-	-	-	635.07	-	-
Repurchase of Common Stock	-	-	-45.08	-	-	-
Common Dividends Paid	-208.55	-206.42	-212.04	-216.03	-175.28	-147.21
Other Financing Activities	-1.53	-	-	-3.95	-	-
Financing Cash Flow	214.93	182.31	-89.38	428.13	18.79	-224.21
Foreign Exchange Rate Adjustments	-0.7	3.92	9.35	2.24	12.71	-4.15
Net Cash Flow	122.7	-304.13	-111.57	198.68	316.15	-94.05
Free Cash Flow	-276.25	-303.98	-38.34	-236.14	187.51	170.73
Free Cash Flow Growth	-	-	-	-	9.83%	154.94%
Free Cash Flow Margin	-9.68%	-11.46%	-1.60%	-12.37%	8.32%	8.84%
Free Cash Flow Per Share	-0.28	-0.30	-0.04	-0.24	0.19	0.18
Cash Income Tax Paid	69.78	61.47	-6.9	36.34	82.34	55.77
Levered Free Cash Flow	-351.84	-351.14	-272.77	-249.62	194.3	59.42
Unlevered Free Cash Flow	-351.84	-351.14	-259.84	-246.38	198.55	60.56
Change in Working Capital	-361.06	-361.06	70.46	-56.24	200.4	-120.04

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