Raytron Technology Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	568.96	495.77	313.36	461.18
Depreciation & Amortization	302.34	219.83	138.31	74.39
Other Amortization	15.01	4.8	4.58	3.23
Loss (Gain) From Sale of Assets	0.1	0.08	0.08	-0.06
Asset Writedown & Restructuring Costs	6.8	0.79	-	20.91
Loss (Gain) From Sale of Investments	-32.88	-31.7	-33.1	-16.35
Provision & Write-off of Bad Debts	166.96	41.29	22.19	16.16
Other Operating Activities	66.4	77.93	44.87	-0.36
Change in Accounts Receivable	-571.97	-385.37	-247.83	-716.87
Change in Inventory	-321.46	-139.05	-378.12	-534.71
Change in Accounts Payable	232.59	29.55	485.57	806.22
Change in Other Net Operating Assets	155.9	210.13	129.4	122.41
Operating Cash Flow	449.63	491.46	500.98	218.79
Operating Cash Flow Growth	-8.51%	-1.90%	128.97%	33.52%
Capital Expenditures	-443.41	-464.76	-805.09	-642.9
Sale of Property, Plant & Equipment	0.98	0.32	0.06	5.63
Cash Acquisitions	-	-9.25	-26.18	-270.31
Divestitures	0.07	-	-	-
Investment in Securities	-24.53	-692.24	-74.06	18.51
Other Investing Activities	49.15	12.5	1.4	10.68
Investing Cash Flow	-417.74	-1,153	-903.88	-878.39
Long-Term Debt Issued	295	1,878	608	215
Total Debt Issued	295	1,878	608	215
Long-Term Debt Repaid	-374.45	-614.27	-211.99	-120
Total Debt Repaid	-374.45	-614.27	-211.99	-120
Net Debt Issued (Repaid)	-79.45	1,263	396.01	95
Issuance of Common Stock	102.9	25.21	20.33	179.05
Repurchase of Common Stock	-205.1	-59.91	-	-
Common Dividends Paid	-93.18	-67.94	-67.02	-60.76
Other Financing Activities	-86.86	-0.48	115.2	0.01
Financing Cash Flow	-361.68	1,160	464.52	213.3
Foreign Exchange Rate Adjustments	11.7	1.44	12.65	-4.94
Net Cash Flow	-318.09	499.78	74.27	-451.24
Free Cash Flow	6.22	26.7	-304.11	-424.11
Free Cash Flow Growth	-76.69%	-	-	-
Free Cash Flow Margin	0.14%	0.75%	-11.49%	-23.82%
Free Cash Flow Per Share	0.01	0.06	-0.68	-0.94
Cash Income Tax Paid	411.96	-17.19	-74.9	-10.21
Levered Free Cash Flow	-181.66	-205.77	-458.23	-762.38
Unlevered Free Cash Flow	-138.52	-159.83	-448.04	-761.37
Change in Working Capital	-644.06	-317.35	10.68	-340.31

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