KINGSEMI 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	202.81	250.63	200.16	77.35
Depreciation & Amortization	57.9	40.83	25.72	15.02
Other Amortization	5.06	-	-	-
Loss (Gain) From Sale of Assets	-1.28	-4.35	0.12	0.03
Asset Writedown & Restructuring Costs	0.32	0.48	-	-
Loss (Gain) From Sale of Investments	-10.93	-3.41	-10.39	-1.06
Provision & Write-off of Bad Debts	7.19	18.97	1.74	10.29
Other Operating Activities	36.34	19.51	6.58	11.39
Change in Accounts Receivable	-15.95	-327.56	-185.19	-243.76
Change in Inventory	-182.77	-430.08	-267.39	-537.18
Change in Accounts Payable	232.13	-172.43	377.79	426.46
Change in Other Net Operating Assets	131.01	46.64	42.12	31.89
Operating Cash Flow	441.81	-562.88	192.96	-218.33
Capital Expenditures	-224.3	-475.82	-206.52	-191.76
Sale of Property, Plant & Equipment	5.3	7.05	0	0
Investment in Securities	17.54	-35.79	-39.61	1.06
Investing Cash Flow	-201.46	-504.56	-246.12	-190.69
Short-Term Debt Issued	-	5.97	-	288.53
Long-Term Debt Issued	853.83	862.18	204.39	-
Total Debt Issued	853.83	868.15	204.39	288.53
Short-Term Debt Repaid	-	-	-	-90.59
Long-Term Debt Repaid	-393.84	-143.45	-284.03	-
Total Debt Repaid	-393.84	-143.45	-284.03	-90.59
Net Debt Issued (Repaid)	460	724.7	-79.65	197.94
Issuance of Common Stock	28.3	21.54	1,006	6.21
Repurchase of Common Stock	-10.01	-	-	-
Common Dividends Paid	-55.37	-49.76	-29.96	-20.11
Other Financing Activities	187.05	3	-	-
Financing Cash Flow	609.97	699.48	896.86	184.05
Foreign Exchange Rate Adjustments	1.29	0.02	0.26	-0
Net Cash Flow	851.6	-367.94	843.96	-224.97
Free Cash Flow	217.51	-1,039	-13.55	-410.08
Free Cash Flow Margin	12.40%	-60.50%	-0.98%	-49.49%
Free Cash Flow Per Share	1.08	-5.20	-0.07	-2.27
Cash Income Tax Paid	0.89	80.85	59.07	24.14
Levered Free Cash Flow	99.32	-1,174	-128.45	-432.49
Unlevered Free Cash Flow	115.95	-1,166	-124.56	-430.27
Change in Working Capital	144.55	-885.7	-30.98	-331.34

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