Jiangsu Pacific Quartz 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	146.91	333.57	5,039	1,052	280.98
Depreciation & Amortization	172.1	143.16	106.11	74.36	67.79
Other Amortization	-	2.49	1.53	0.5	0.15
Loss (Gain) From Sale of Assets	0.04	0.01	5.17	1.76	-27.36
Asset Writedown & Restructuring Costs	-14.96	22.8	10.93	0.66	5.72
Loss (Gain) From Sale of Investments	-0.84	-60.1	-60.82	-63.59	-16.91
Provision & Write-off of Bad Debts	-	-19.45	22.83	2.79	3.26
Other Operating Activities	3.21	16.48	21.23	9.04	15.38
Change in Accounts Receivable	-219.52	985.75	-1,528	-729.58	-220.88
Change in Inventory	-125.94	-260.58	-318.93	-97.19	-86.23
Change in Accounts Payable	-27.57	-334.55	547.91	226.69	15.79
Change in Other Net Operating Assets	-	-	-	-	10.05
Operating Cash Flow	-59.84	829.18	3,844	484.65	44.12
Operating Cash Flow Growth	-	-78.43%	693.06%	998.48%	34.76%
Capital Expenditures	-122.65	-114.32	-238.99	-142.26	-87.86
Sale of Property, Plant & Equipment	0.8	8.84	2.12	3.2	85.13
Cash Acquisitions	-	-	-	-48.69	-
Investment in Securities	-160.22	-511.39	-782.22	50.49	-189.72
Other Investing Activities	7.25	36.32	41.61	8.66	17.01
Investing Cash Flow	-274.82	-580.54	-977.48	-128.61	-175.44
Short-Term Debt Issued	-	-	-	0.47	-
Total Debt Issued	-	-	-	0.47	-
Long-Term Debt Repaid	-	-	-0.98	-8.17	-0.68
Net Debt Issued (Repaid)	-	-	-0.98	-7.7	-0.68
Repurchase of Common Stock	-	-97.86	-8.76	-	-
Common Dividends Paid	-102.38	-2,163	-679.19	-85.02	-60.86
Other Financing Activities	-0.08	-	3.9	-	-
Financing Cash Flow	-102.46	-2,261	-685.04	-92.73	-61.54
Foreign Exchange Rate Adjustments	-1.97	-1.07	-4.83	1	0.28
Net Cash Flow	-439.09	-2,013	2,176	264.31	-192.58
Free Cash Flow	-182.48	714.86	3,605	342.39	-43.74
Free Cash Flow Growth	-	-80.17%	952.77%	-	-
Free Cash Flow Margin	-18.10%	59.07%	50.17%	17.08%	-4.55%
Free Cash Flow Per Share	-0.33	1.33	6.65	0.64	-0.08
Cash Interest Paid	-	-	0.2	0.21	-
Cash Income Tax Paid	56.7	210.11	1,589	235.89	58.32
Levered Free Cash Flow	-91.25	786.99	2,888	252.39	35.96
Unlevered Free Cash Flow	-91.25	787.17	2,888	252.5	36.04
Change in Working Capital	-366.29	390.21	-1,303	-593.07	-284.88

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