Darbond 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	109.26	97.43	102.95	123.01	75.89
Depreciation & Amortization	70.88	54.34	31.96	24.7	18.92
Other Amortization	5.92	5.01	5.41	3.49	2.54
Loss (Gain) From Sale of Assets	0	0.42	0.06	0.07	0.12
Asset Writedown & Restructuring Costs	7.79	2.53	5.29	11.26	1.82
Loss (Gain) From Sale of Investments	0.29	-6.72	-9.89	-4.56	-
Other Operating Activities	4.47	-5.37	0.6	-6.85	0.61
Change in Accounts Receivable	-395.51	13.73	-84.78	-318.96	-57.63
Change in Inventory	-53.01	7.33	-29.54	-15.44	-66.88
Change in Accounts Payable	158.84	202.65	15.69	110.99	36.68
Change in Other Net Operating Assets	-1.94	11.6	9.21	-5.01	-
Operating Cash Flow	-100.63	378.98	38.88	-82.9	12.39
Operating Cash Flow Growth	-	874.77%	-	-	-21.72%
Capital Expenditures	-140.92	-197.26	-241.71	-132.56	-169.95
Sale of Property, Plant & Equipment	0.02	0.27	0.14	0.01	0.12
Cash Acquisitions	-190.04	-	-	-	-
Investment in Securities	186.33	9.57	-97.84	-710.9	-
Other Investing Activities	52.91	7.43	12.76	2.16	-
Investing Cash Flow	-91.7	-179.99	-326.65	-841.3	-151.66
Short-Term Debt Issued	-	43.18	96.29	10.38	-
Long-Term Debt Issued	207.28	84.39	9.54	100.88	71.69
Total Debt Issued	207.28	127.57	105.82	111.26	71.69
Short-Term Debt Repaid	-	-80.73	-0.86	-	-
Long-Term Debt Repaid	-134.46	-46.52	-65.72	-80.78	-0.5
Total Debt Repaid	-134.46	-127.25	-66.58	-80.78	-0.5
Net Debt Issued (Repaid)	72.81	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	-50.89	-37.97	-45.35	-4.47	-0.49
Other Financing Activities	75.88	-	-	-18.51	-5.81
Financing Cash Flow	97.8	-87.45	-10.36	1,512	185.14
Foreign Exchange Rate Adjustments	-1.15	0.63	-0.12	0.16	-0.03
Net Cash Flow	-95.69	112.16	-298.25	587.6	45.84
Free Cash Flow	-241.56	181.72	-202.83	-215.47	-157.56
Free Cash Flow Margin	-15.61%	15.57%	-21.76%	-23.21%	-26.96%
Free Cash Flow Per Share	-1.71	1.29	-1.42	-1.86	-1.50
Cash Income Tax Paid	85.98	51.18	29.87	44.87	28.68
Levered Free Cash Flow	-248.16	212.01	-177.1	-225.62	-145.48
Unlevered Free Cash Flow	-248.16	218.19	-172.82	-221.99	-143.51
Change in Working Capital	-299.25	231.33	-97.49	-234.01	-87.5

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