Jiangsu Lopal Tech. Group 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	-151.18	-799	-1,233	752.92	350.84
Depreciation & Amortization	761.37	630.73	443.94	256	108.14
Other Amortization	65.47	64.26	100.21	67.15	5.67
Loss (Gain) From Sale of Assets	-7.41	12.47	0.63	-13.8	0.54
Asset Writedown & Restructuring Costs	332.16	313.51	172.24	28.88	1.55
Loss (Gain) From Sale of Investments	4.91	4.05	-34.32	-33.2	-8.01
Provision & Write-off of Bad Debts	-	-	4.32	68.5	18.58
Other Operating Activities	307.21	226.19	524.63	501.46	138.98
Change in Accounts Receivable	-1,655	483.38	520.85	-2,741	-443.25
Change in Inventory	-294.66	46.88	842.49	-2,463	-591.57
Change in Accounts Payable	1,181	-210.5	-131.11	366.28	20.13
Change in Other Net Operating Assets	-34.03	1.79	4.73	4.41	0.26
Operating Cash Flow	393.64	819.46	885.63	-3,249	-408.57
Operating Cash Flow Growth	-51.96%	-7.47%	-	-	-
Capital Expenditures	-965.94	-599.33	-2,165	-1,180	-512.71
Sale of Property, Plant & Equipment	38.52	1.92	21.2	64.43	3.62
Cash Acquisitions	-	-	-	57.65	-819.91
Investment in Securities	12.46	18.31	-47.51	-70	-33.58
Other Investing Activities	81.03	-441.86	50.83	-17.59	37.12
Investing Cash Flow	-833.93	-1,021	-2,141	-1,146	-1,325
Long-Term Debt Issued	6,696	6,015	9,430	5,543	2,095
Long-Term Debt Repaid	-6,372	-6,958	-6,473	-2,351	-638.63
Net Debt Issued (Repaid)	323.42	-943.27	2,957	3,192	1,456
Issuance of Common Stock	106.95	484.03	-	2,176	-
Repurchase of Common Stock	-	-	-38.27	-12	-0.09
Common Dividends Paid	-216.93	-243.26	-357.35	-234.93	-131.95
Other Financing Activities	999.22	452.43	110.49	-31.07	349.35
Financing Cash Flow	1,213	-250.07	2,671	5,090	1,674
Foreign Exchange Rate Adjustments	-14.24	0.42	12.96	1.05	-0.14
Net Cash Flow	758.14	-451.14	1,429	696.24	-60.4
Free Cash Flow	-572.3	220.14	-1,280	-4,429	-921.29
Free Cash Flow Margin	-6.40%	2.87%	-14.66%	-31.48%	-22.73%
Free Cash Flow Per Share	-0.86	0.38	-2.26	-8.35	-1.92
Cash Income Tax Paid	179.77	134.9	151.06	284.5	136.29
Levered Free Cash Flow	1,006	80.14	-255.32	-2,978	-1,249
Unlevered Free Cash Flow	1,006	80.14	-99.58	-2,884	-1,219
Change in Working Capital	-918.9	367.24	907.3	-4,877	-1,025

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