L&K Engineering (Suzhou) 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	892.17	635.91	286.88	150.6	24.94
Depreciation & Amortization	6.9	10.99	13.18	9.7	7.14
Other Amortization	0.8	-	-	-	-
Loss (Gain) From Sale of Assets	0.1	0.98	-0	-0.07	0.01
Asset Writedown & Restructuring Costs	0.13	0.05	0.06	0.08	0.07
Loss (Gain) From Sale of Investments	-4.27	-1.74	-4.23	-0.67	-1.2
Provision & Write-off of Bad Debts	19.76	-103.29	26.36	6.64	14.89
Other Operating Activities	-2.25	0.81	6.35	37.74	44.68
Change in Accounts Receivable	-140.91	943.8	-562.21	-85.1	-462.23
Change in Inventory	2.64	16.96	28.04	-22.6	100.78
Change in Accounts Payable	897.07	80.9	734.46	169.23	324.19
Change in Other Net Operating Assets	-2	2	-	-	-
Operating Cash Flow	1,666	1,602	526.07	266.33	44.91
Operating Cash Flow Growth	4.01%	204.47%	97.52%	492.99%	-
Capital Expenditures	-5.1	-3.09	-5.15	-16.97	-5.76
Sale of Property, Plant & Equipment	0.06	0.02	0.04	0.02	0
Investment in Securities	-28.35	6.45	14.41	-20	45
Other Investing Activities	0.07	0.33	-	0.26	1.09
Investing Cash Flow	-33.32	3.71	9.3	-36.69	40.34
Long-Term Debt Issued	-	-	-	6.44	49.11
Long-Term Debt Repaid	-0.12	-2.82	-32.18	-22.29	-96.98
Net Debt Issued (Repaid)	-0.12	-2.82	-32.18	-15.85	-47.86
Common Dividends Paid	-440.55	-220.42	-57.36	-25.23	-27.21
Other Financing Activities	76.48	-46.9	-3.92	43.5	-33.95
Financing Cash Flow	-364.2	-270.14	-93.46	2.42	-109.02
Foreign Exchange Rate Adjustments	-11.31	12.1	11.91	9.91	-3.43
Net Cash Flow	1,257	1,347	453.81	241.97	-27.2
Free Cash Flow	1,661	1,599	520.92	249.36	39.15
Free Cash Flow Growth	3.89%	206.89%	108.90%	536.94%	-
Free Cash Flow Margin	33.85%	29.71%	16.27%	8.21%	1.77%
Free Cash Flow Per Share	7.78	7.49	2.43	1.18	0.19
Cash Income Tax Paid	288.84	187.83	101.73	52.63	-11.1
Levered Free Cash Flow	1,413	1,424	366.47	242.14	32.6
Unlevered Free Cash Flow	1,415	1,425	366.85	243.09	35.06
Change in Working Capital	752.57	1,058	197.47	62.31	-45.62

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