Ningbo Deye Technology Group Co., Ltd. (SHA:605117)

SHA:605117 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	3,653	3,171	2,960	1,791	1,517	578.56
Depreciation & Amortization	200.37	200.37	162.22	110.49	60.34	39.22
Other Amortization	47.81	47.81	26.71	27.7	9.84	15.13
Loss (Gain) From Sale of Assets	5.47	5.47	2.93	1.78	-1.68	-0.24
Asset Writedown & Restructuring Costs	5.54	5.54	-	0.66	0.8	0.12
Loss (Gain) From Sale of Investments	-109.48	-109.48	-141.49	118.1	44.17	-41.79
Provision & Write-off of Bad Debts	7.47	7.47	66.46	5.51	18.95	7.79
Other Operating Activities	857.64	-14.06	8.21	-55.5	-94.64	27.97
Change in Accounts Receivable	-73.21	-73.21	-1,457	16.83	-355.88	-23.01
Change in Inventory	-436.66	-436.66	-621.67	61.16	-418.1	-195.37
Change in Accounts Payable	1,023	1,023	2,152	-247.98	1,326	382.47
Change in Other Net Operating Assets	187.38	187.38	258.42	298.98	112.1	3.73
Operating Cash Flow	5,340	3,986	3,367	2,081	2,204	796.61
Operating Cash Flow Growth	43.84%	18.40%	61.78%	-5.57%	176.63%	75.59%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1,280	-1,287	-468.9	-748.8	-809.14	-601.95
Sale of Property, Plant & Equipment	2.75	2.75	51.39	0.87	4.67	0.4
Cash Acquisitions	-	-	39.43	-	-	-
Investment in Securities	1,895	1,104	-1,434	-976.28	-2,413	-319.38
Other Investing Activities	3	3	6.49	-	-	-2.3
Investing Cash Flow	620.09	-176.94	-1,805	-1,724	-3,218	-923.22

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	5,773	4,412	3,672	2,238	-
Total Debt Issued	5,836	5,773	4,412	3,672	2,238	-
Long-Term Debt Repaid	-	-1,396	-6,022	-2,272	-434.96	-13.18
Total Debt Repaid	-3,330	-1,396	-6,022	-2,272	-434.96	-13.18
Net Debt Issued (Repaid)	2,506	4,378	-1,609	1,400	1,803	-13.18
Issuance of Common Stock	251.15	360.53	2,709	-	-	1,352
Repurchase of Common Stock	-100.02	-100.02	-	-199.99	-	-
Common Dividends Paid	-2,743	-2,740	-1,722	-609.8	-232.27	-133.07
Other Financing Activities	-3,625	-3,710	-37.5	-768.54	22	-24.93
Financing Cash Flow	-3,711	-1,812	-660.08	-177.88	1,593	1,181

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-99.36	39.97	11.93	89.94	90.49	-20.91
Net Cash Flow	2,150	2,037	913.11	268.81	669.07	1,033

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	4,060	2,699	2,898	1,332	1,394	194.66
Free Cash Flow Growth	29.41%	-6.85%	117.52%	-4.47%	616.37%	-47.39%
Free Cash Flow Margin	28.76%	22.08%	25.86%	17.81%	23.41%	4.67%
Free Cash Flow Per Share	3.21	2.13	2.35	1.13	1.18	0.18
Levered Free Cash Flow	2,878	1,864	2,073	632.09	850.21	98.85
Unlevered Free Cash Flow	2,916	1,900	2,100	677.5	868.64	99.8

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	117.59	83.78	158.67	193.32	29.06	47.31
Change in Working Capital	672.38	672.38	281.26	81.24	648.47	169.86

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 6, 2026

Data Sources Report a data error