Daming Electronics 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
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
Net Income	200.7	247.86	282.1	205.47	150.66
Depreciation & Amortization	139.15	139.15	113.29	94.77	72.19
Other Amortization	29.61	29.61	33.81	27.51	19.75
Loss (Gain) From Sale of Assets	0.29	0.29	0.34	-0.62	-0.06
Asset Writedown & Restructuring Costs	1.55	1.55	0.56	19.78	19.73
Loss (Gain) From Sale of Investments	-0.64	-0.64	-0.51	-0.01	-
Provision & Write-off of Bad Debts	-1.5	-1.5	15.6	8.11	7.79
Other Operating Activities	81.99	50.74	38.68	15.6	23.39
Change in Accounts Receivable	-97.62	-97.62	-235.6	-262.24	-240.19
Change in Inventory	-88.1	-88.1	-122.63	-8.12	-105.88
Change in Accounts Payable	90.52	90.52	26.31	62.36	117.81
Change in Other Net Operating Assets	1.66	1.66	2.01	-	-
Operating Cash Flow	365.91	381.81	146.6	155.21	59.35
Operating Cash Flow Growth	516.49%	160.44%	-5.55%	161.50%	-
Capital Expenditures	-377.8	-397.66	-362.52	-197.12	-199.94
Sale of Property, Plant & Equipment	0.04	0.07	0.31	0.06	0.12
Investment in Securities	1.61	1.61	-	0.01	-
Investing Cash Flow	-376.16	-395.99	-362.21	-197.05	-199.82
Long-Term Debt Issued	-	786.56	541.95	489.52	296.85
Long-Term Debt Repaid	-	-1,051	-294.31	-395.16	-101.9
Net Debt Issued (Repaid)	-352.29	-264.28	247.64	94.37	194.95
Issuance of Common Stock	453.32	453.32	-	-	121.79
Common Dividends Paid	-15.82	-18.73	-15.72	-16.49	-156.77
Other Financing Activities	-24.74	-25.86	-9	-34.68	-51.34
Financing Cash Flow	60.46	144.45	222.91	43.19	108.63
Foreign Exchange Rate Adjustments	-0.01	-0.01	0.02	-0	0
Net Cash Flow	50.2	130.26	7.32	1.35	-31.84
Free Cash Flow	-11.89	-15.85	-215.92	-41.91	-140.59
Free Cash Flow Margin	-0.39%	-0.51%	-7.92%	-1.95%	-8.21%
Free Cash Flow Per Share	-0.03	-0.04	-0.60	-0.12	-0.41
Cash Income Tax Paid	120.42	127.39	155.9	105.35	85.38
Levered Free Cash Flow	-	-127.86	-197.97	-74.52	-
Unlevered Free Cash Flow	-	-117.38	-183.55	-59.45	-
Change in Working Capital	-85.23	-85.23	-337.25	-215.42	-234.1

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