Guosheng Shian 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	-573.17	-105.53	-68.88	-162.18	-210.7
Depreciation & Amortization	87.54	86.82	39.16	8.53	9.36
Other Amortization	1.6	7.15	5.35	4.63	0.89
Loss (Gain) From Sale of Assets	0.32	1.11	-0.1	20.29	-0
Asset Writedown & Restructuring Costs	349.8	3.22	-	1.55	26.79
Loss (Gain) From Sale of Investments	-29.38	-7.99	-52.5	-15.67	0.69
Provision & Write-off of Bad Debts	-	47.19	61.98	127.01	114.71
Other Operating Activities	-112.73	-55.32	4.99	-11.28	3.43
Change in Accounts Receivable	329.13	-521.67	-93.13	166.95	63.19
Change in Inventory	41.24	33.14	-99.72	0.02	0.54
Change in Accounts Payable	-296.48	820.46	122.15	-95.42	-76.63
Change in Other Net Operating Assets	318.3	-148.86	119.7	-96.2	-104.72
Operating Cash Flow	89.2	146.7	10.6	-51.65	-149.83
Operating Cash Flow Growth	-39.20%	1283.79%	-	-	-
Capital Expenditures	-304.18	-95.32	-540.43	-1.6	-8.04
Sale of Property, Plant & Equipment	0.17	0.24	68.26	0.01	0
Cash Acquisitions	-	-4.75	-	-69.95	-
Divestitures	16.5	-	116.82	2	-
Investment in Securities	-	2.58	64.71	-15.69	-39.74
Other Investing Activities	30.94	-	-	-	-12.45
Investing Cash Flow	-256.58	-97.26	-290.64	-85.23	-60.23
Long-Term Debt Issued	431.96	175.46	149	100.22	63
Total Debt Issued	431.96	175.46	149	100.22	63
Long-Term Debt Repaid	-336.32	-108.61	-131.78	-22.7	-80.15
Total Debt Repaid	-336.32	-108.61	-131.78	-22.7	-80.15
Net Debt Issued (Repaid)	95.64	66.85	17.22	77.52	-17.15
Issuance of Common Stock	-	25.09	-	-	-
Repurchase of Common Stock	-	-	-2.51	-33	-10
Common Dividends Paid	-25.46	-18.11	-13.64	-5.92	-5.64
Other Financing Activities	67.34	-153.73	233.63	74.55	2.52
Financing Cash Flow	137.52	-79.91	234.7	113.15	-30.26
Foreign Exchange Rate Adjustments	-0.01	-0.01	0.06	0.12	-0.03
Net Cash Flow	-29.87	-30.48	-45.28	-23.61	-240.35
Free Cash Flow	-214.99	51.38	-529.83	-53.25	-157.86
Free Cash Flow Margin	-27.00%	2.45%	-53.63%	-26.91%	-89.29%
Free Cash Flow Per Share	-0.33	0.08	-0.85	-0.08	-0.23
Cash Income Tax Paid	-	24.03	1.65	9.82	5.79
Levered Free Cash Flow	-601.59	163.81	-19.39	346.44	15.05
Unlevered Free Cash Flow	-578.35	181.05	-6.68	346.63	16.24
Change in Working Capital	365.21	170.04	20.61	-24.53	-94.99

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