Montage 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	1,412	450.91	1,299	829.14
Depreciation & Amortization	122.59	102.72	50.45	58.5
Other Amortization	18.19	2.66	1.83	1.95
Loss (Gain) From Sale of Assets	-	-	-0.44	0
Asset Writedown & Restructuring Costs	-	0.04	-	-
Loss (Gain) From Sale of Investments	-72.49	-3.65	-465.36	-178.75
Stock-Based Compensation	58.85	122.68	151.27	176.54
Provision & Write-off of Bad Debts	0.46	-0.14	0.71	0.44
Other Operating Activities	-37.4	191.18	25.8	-10.57
Change in Accounts Receivable	-116.23	26.85	-111.88	-79.33
Change in Inventory	82.71	62.57	-389.5	-188.34
Change in Accounts Payable	219.54	-209.84	151.96	112.23
Operating Cash Flow	1,691	731.25	688.84	680.41
Operating Cash Flow Growth	131.29%	6.16%	1.24%	-31.97%
Capital Expenditures	-379.12	-423.99	-226.86	-153.47
Sale of Property, Plant & Equipment	-	-	0.5	-
Cash Acquisitions	-	-	-3.08	-0.92
Investment in Securities	-75.41	-213.79	218.48	-53.94
Other Investing Activities	11.05	63.54	74.4	277.24
Investing Cash Flow	-443.47	-574.24	63.44	68.91
Long-Term Debt Repaid	-21.42	-15.79	-13.34	-6.39
Net Debt Issued (Repaid)	-21.42	-15.79	-13.34	-6.39
Issuance of Common Stock	442.84	285.21	67.26	36.79
Repurchase of Common Stock	-409.06	-300.03	-	-300.08
Common Dividends Paid	-338.19	-341.4	-338.94	-339.31
Other Financing Activities	48.9	-0.09	14.93	-0.15
Financing Cash Flow	-276.94	-372.11	-270.09	-609.14
Foreign Exchange Rate Adjustments	62.14	47.23	267.62	-60.9
Net Cash Flow	1,033	-167.87	749.81	79.28
Free Cash Flow	1,312	307.26	461.98	526.95
Free Cash Flow Growth	327.06%	-33.49%	-12.33%	-6.03%
Free Cash Flow Margin	36.06%	13.44%	12.58%	20.57%
Free Cash Flow Per Share	1.16	0.27	0.41	0.46
Cash Income Tax Paid	16.51	145.04	103.23	71.64
Levered Free Cash Flow	751.66	-11.23	170.82	339.3
Unlevered Free Cash Flow	752.6	-10.76	171.47	340.05
Change in Working Capital	189.33	-135.15	-374.79	-196.84

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