Suzhou TZTEK 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	124.69	215.17	152.1	134.13
Depreciation & Amortization	67.95	47.05	29.91	20.38
Other Amortization	5.56	7.25	2.18	1.31
Loss (Gain) From Sale of Assets	-0.11	0.27	-11.45	-0.02
Asset Writedown & Restructuring Costs	0.19	3.41	0.36	0.02
Loss (Gain) From Sale of Investments	8.01	-42.03	26.61	-17.74
Provision & Write-off of Bad Debts	22.76	4.47	8.41	4.46
Other Operating Activities	35.38	40.25	65.84	6.95
Change in Accounts Receivable	-166.97	-155.01	-197.31	-285.43
Change in Inventory	-59.11	-17.01	-223.03	-257.52
Change in Accounts Payable	-29.81	94.34	-5.01	187.64
Change in Other Net Operating Assets	16.07	36.53	50.92	53.65
Operating Cash Flow	-8.22	230.21	-114.59	-164
Capital Expenditures	-124.11	-185.99	-165.19	-154.67
Sale of Property, Plant & Equipment	1.76	4.61	19.74	0.16
Cash Acquisitions	-	-	-	-72.02
Investment in Securities	9.94	8.82	305.18	252.81
Other Investing Activities	0.65	6.66	-10.14	34.75
Investing Cash Flow	-111.76	-165.91	149.6	61.03
Long-Term Debt Issued	755.65	492.66	358.25	288.01
Total Debt Issued	755.65	492.66	358.25	288.01
Long-Term Debt Repaid	-336.96	-515.76	-261.2	-78.5
Total Debt Repaid	-336.96	-515.76	-261.2	-78.5
Net Debt Issued (Repaid)	418.69	-23.1	97.05	209.52
Issuance of Common Stock	17.94	16.32	17.09	-
Repurchase of Common Stock	-30.04	-	-	-58.77
Common Dividends Paid	-130.72	-71.72	-84.08	-135.54
Dividends Paid	-130.72	-71.72	-84.08	-135.54
Other Financing Activities	5	-	3.61	-0.02
Financing Cash Flow	280.87	-78.49	33.67	15.19
Foreign Exchange Rate Adjustments	0.2	-3.55	-33.99	-4.18
Net Cash Flow	161.09	-17.74	34.69	-91.97
Free Cash Flow	-132.33	44.21	-279.78	-318.68
Free Cash Flow Margin	-8.23%	2.68%	-17.61%	-25.19%
Free Cash Flow Per Share	-0.69	0.23	-1.47	-1.68
Cash Income Tax Paid	83.62	76.29	7.22	-11.06
Levered Free Cash Flow	-165.63	60.35	-232.4	-318.26
Unlevered Free Cash Flow	-155.22	69.31	-227.18	-317.11
Change in Working Capital	-273.44	-45.59	-388.73	-313.63

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