DBAPPSecurity 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	-197.85	-359.81	-253.56	13.81
Depreciation & Amortization	97.2	107.7	102.23	76.34
Other Amortization	10.8	11.62	12.81	6.5
Loss (Gain) From Sale of Assets	-2.59	-0.61	-0	0.59
Asset Writedown & Restructuring Costs	3.58	1.89	2.57	3.36
Loss (Gain) From Sale of Investments	23.49	13.92	-27.2	-73.19
Provision & Write-off of Bad Debts	27.11	17.09	18.04	23.54
Other Operating Activities	48.72	54.87	51.28	19.07
Change in Accounts Receivable	33	-58.38	-240.74	-277.73
Change in Inventory	-22.54	-29.75	-20.16	-77.74
Change in Accounts Payable	106.8	-7.56	168.14	186.48
Change in Other Net Operating Assets	10.92	-4.01	85.81	95.95
Operating Cash Flow	160.84	-255.73	-178.8	-61.3
Capital Expenditures	-165.67	-179.63	-205.35	-282.51
Sale of Property, Plant & Equipment	18.1	1.34	1.03	0.17
Cash Acquisitions	-	-	-	-19.96
Divestitures	-	0.82	0.81	-
Investment in Securities	196.81	78.92	44.96	-957.32
Other Investing Activities	25.52	24.22	40.62	4.03
Investing Cash Flow	74.76	-74.34	-117.93	-1,256
Long-Term Debt Issued	982.11	570.6	446.93	721.07
Short-Term Debt Repaid	-1	-	-	-
Long-Term Debt Repaid	-1,008	-426.89	-265.19	-22
Total Debt Repaid	-1,009	-426.89	-265.19	-22
Net Debt Issued (Repaid)	-26.82	143.71	181.75	699.07
Issuance of Common Stock	-	22.47	44.06	1,358
Repurchase of Common Stock	-15.57	-82.01	-50.1	-
Common Dividends Paid	-45.42	-47.38	-41.66	-29.57
Other Financing Activities	18.24	-18.6	1.87	-21.48
Financing Cash Flow	-69.58	18.19	135.92	2,006
Foreign Exchange Rate Adjustments	-0	-	-	-
Net Cash Flow	166.03	-311.87	-160.81	689.29
Free Cash Flow	-4.83	-435.36	-384.15	-343.81
Free Cash Flow Margin	-0.24%	-20.06%	-19.40%	-18.89%
Free Cash Flow Per Share	-0.05	-4.27	-3.76	-3.51
Cash Income Tax Paid	73.41	117.66	75.99	100.49
Levered Free Cash Flow	2.69	-311.05	-343.12	-381.15
Unlevered Free Cash Flow	34.11	-278.13	-314.8	-369.87
Change in Working Capital	150.37	-102.4	-84.98	-131.3

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