Pinming Technology Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	66.73	31.48	12.43	-56.01	62.68	97.64
Depreciation & Amortization	7.94	7.94	11.21	13.23	10.59	1.84
Other Amortization	2.63	2.63	1.55	2.69	1.99	1.25
Loss (Gain) From Sale of Assets	0.06	0.06	0	0.14	-0	-0.14
Asset Writedown & Restructuring Costs	-	-	-	0	0	0
Loss (Gain) From Sale of Investments	-9.19	-9.19	-13.29	-15.15	-11.84	-3.03
Provision & Write-off of Bad Debts	9.63	9.63	20.41	17.06	10.57	4.69
Other Operating Activities	4.71	0.67	0.61	1.38	1.02	0.38
Change in Accounts Receivable	19.14	19.14	-26.31	-112.6	-113.11	-62.42
Change in Inventory	-2.68	-2.68	5.55	-4.68	-5.3	-3.53
Change in Accounts Payable	22.72	22.72	3.53	11.6	15.24	25.91
Change in Other Net Operating Assets	4.68	4.68	-4.94	0.06	4.88	-
Operating Cash Flow	124.87	85.57	9.37	-144.25	-24.79	62.1
Operating Cash Flow Growth	89.91%	813.61%	-	-	-	27.87%
Capital Expenditures	-0.96	-0.67	-3.67	-3.16	-10.02	-4.51
Sale of Property, Plant & Equipment	-0.03	0	0	0.01	0.12	0.09
Investment in Securities	-166	-100	190	100	-480	-60
Other Investing Activities	3.44	10.52	13.48	12.81	6.2	2.99
Investing Cash Flow	-163.55	-90.15	199.81	109.66	-483.7	-61.43
Long-Term Debt Repaid	-	-6.51	-8	-10.15	-9.46	-
Net Debt Issued (Repaid)	-6.51	-6.51	-8	-10.15	-9.46	-
Issuance of Common Stock	9.98	9.98	-	-	625.9	-
Repurchase of Common Stock	-0.43	-0.43	-49.44	-	-	-
Common Dividends Paid	-52.92	-23.06	-	-32.62	-42.41	-19.98
Dividends Paid	-52.92	-23.06	-	-32.62	-42.41	-19.98
Other Financing Activities	2.01	-0.17	-0.02	-	-20.28	-1.31
Financing Cash Flow	-47.87	-20.19	-57.46	-42.77	553.75	-21.29
Net Cash Flow	-86.56	-24.77	151.72	-77.36	45.26	-20.62
Free Cash Flow	123.91	84.9	5.7	-147.4	-34.81	57.59
Free Cash Flow Growth	92.33%	1389.39%	-	-	-	25.53%
Free Cash Flow Margin	27.06%	18.98%	1.31%	-33.88%	-7.32%	15.16%
Free Cash Flow Per Share	1.55	1.08	0.07	-1.87	-0.47	0.97
Cash Income Tax Paid	26.75	26.8	18.85	25.81	31.56	20.72
Levered Free Cash Flow	-81.52	70.64	-20.23	-121.38	-66.61	17.27
Unlevered Free Cash Flow	-81.21	70.94	-19.87	-120.9	-66.04	17.27
Change in Working Capital	42.36	42.36	-23.55	-107.59	-99.8	-40.52

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