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 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	76.13	124.69	215.17	152.1	134.13
Depreciation & Amortization	79.88	71.38	47.05	29.91	20.38
Other Amortization	5.79	2.12	7.25	2.18	1.31
Loss (Gain) From Sale of Assets	1.01	-0.11	0.27	-11.45	-0.02
Asset Writedown & Restructuring Costs	0.2	0.19	3.41	0.36	0.02
Loss (Gain) From Sale of Investments	8.85	13.72	-42.03	26.61	-17.74
Provision & Write-off of Bad Debts	18.06	22.76	4.47	8.41	4.46
Other Operating Activities	47.93	29.67	40.25	65.84	6.95
Change in Accounts Receivable	-247.73	-166.97	-155.01	-197.31	-285.43
Change in Inventory	-337.38	-59.11	-17.01	-223.03	-257.52
Change in Accounts Payable	455.2	-29.81	94.34	-5.01	187.64
Change in Other Net Operating Assets	6.02	16.07	36.53	50.92	53.65
Operating Cash Flow	80.2	-8.22	230.21	-114.59	-164
Capital Expenditures	-115.79	-124.11	-185.99	-165.19	-154.67
Sale of Property, Plant & Equipment	1.32	1.76	4.61	19.74	0.16
Cash Acquisitions	-	-	-	-	-72.02
Investment in Securities	-48.09	14.98	8.82	305.18	252.81
Other Investing Activities	1.84	-4.39	6.66	-10.14	34.75
Investing Cash Flow	-160.72	-111.76	-165.91	149.6	61.03
Long-Term Debt Issued	1,222	755.65	492.66	358.25	288.01
Total Debt Issued	1,222	755.65	492.66	358.25	288.01
Long-Term Debt Repaid	-386.42	-336.96	-515.76	-261.2	-78.5
Total Debt Repaid	-386.42	-336.96	-515.76	-261.2	-78.5
Net Debt Issued (Repaid)	835.67	418.69	-23.1	97.05	209.52
Issuance of Common Stock	10.71	17.94	16.32	17.09	-
Repurchase of Common Stock	-	-30.04	-	-	-58.77
Common Dividends Paid	-116.23	-130.72	-71.72	-84.08	-135.54
Dividends Paid	-116.23	-130.72	-71.72	-84.08	-135.54
Other Financing Activities	26.4	5	-	3.61	-0.02
Financing Cash Flow	756.55	280.87	-78.49	33.67	15.19
Foreign Exchange Rate Adjustments	-0.2	0.2	-3.55	-33.99	-4.18
Net Cash Flow	675.84	161.09	-17.74	34.69	-91.97
Free Cash Flow	-35.59	-132.33	44.21	-279.78	-318.68
Free Cash Flow Margin	-1.99%	-8.23%	2.68%	-17.61%	-25.19%
Free Cash Flow Per Share	-0.17	-0.69	0.23	-1.47	-1.68
Cash Income Tax Paid	82.42	83.62	76.29	7.22	-11.06
Levered Free Cash Flow	-54.86	-168.25	60.35	-232.4	-318.26
Unlevered Free Cash Flow	-40.95	-157.84	69.31	-227.18	-317.11
Change in Working Capital	-158.95	-273.44	-45.59	-388.73	-313.63

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