Darbond 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	97.43	102.95	123.01	75.89
Depreciation & Amortization	54.34	31.96	24.7	18.92
Other Amortization	5.01	5.41	3.49	2.54
Loss (Gain) From Sale of Assets	0.42	0.06	0.07	0.12
Asset Writedown & Restructuring Costs	2.53	5.29	11.26	1.82
Loss (Gain) From Sale of Investments	-6.72	-9.89	-4.56	-
Other Operating Activities	-5.37	0.6	-6.85	0.61
Change in Accounts Receivable	13.73	-84.78	-318.96	-57.63
Change in Inventory	7.33	-29.54	-15.44	-66.88
Change in Accounts Payable	202.65	15.69	110.99	36.68
Change in Other Net Operating Assets	11.6	9.21	-5.01	-
Operating Cash Flow	378.98	38.88	-82.9	12.39
Operating Cash Flow Growth	874.77%	-	-	-21.72%
Capital Expenditures	-197.26	-241.71	-132.56	-169.95
Sale of Property, Plant & Equipment	0.27	0.14	0.01	0.12
Investment in Securities	9.57	-97.84	-710.9	-
Other Investing Activities	7.43	12.76	2.16	-
Investing Cash Flow	-179.99	-326.65	-841.3	-151.66
Short-Term Debt Issued	43.18	96.29	10.38	-
Long-Term Debt Issued	84.39	9.54	100.88	71.69
Total Debt Issued	127.57	105.82	111.26	71.69
Short-Term Debt Repaid	-80.73	-0.86	-	-
Long-Term Debt Repaid	-46.52	-65.72	-80.78	-0.5
Total Debt Repaid	-127.25	-66.58	-80.78	-0.5
Net Debt Issued (Repaid)	0.33	39.25	30.48	71.19
Issuance of Common Stock	-	-	1,504	120.24
Repurchase of Common Stock	-49.81	-4.26	-	-
Common Dividends Paid	-37.97	-45.35	-4.47	-0.49
Other Financing Activities	-	-	-18.51	-5.81
Financing Cash Flow	-87.45	-10.36	1,512	185.14
Foreign Exchange Rate Adjustments	0.63	-0.12	0.16	-0.03
Net Cash Flow	112.16	-298.25	587.6	45.84
Free Cash Flow	181.72	-202.83	-215.47	-157.56
Free Cash Flow Margin	15.57%	-21.76%	-23.21%	-26.96%
Free Cash Flow Per Share	1.29	-1.42	-1.86	-1.50
Cash Income Tax Paid	51.18	29.87	44.87	28.68
Levered Free Cash Flow	212.01	-177.1	-225.62	-145.48
Unlevered Free Cash Flow	218.19	-172.82	-221.99	-143.51
Change in Working Capital	231.33	-97.49	-234.01	-87.5

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