MGI Tech 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	-600.83	-607.5	2,026	483.6
Depreciation & Amortization	409.88	312.3	262.61	212.86
Other Amortization	46.56	26.45	21.4	20.96
Loss (Gain) From Sale of Assets	-1.99	-2.06	-0.64	0.35
Asset Writedown & Restructuring Costs	10.74	5.43	3.11	1.62
Loss (Gain) From Sale of Investments	-0.4	2.86	51.16	-47.92
Provision & Write-off of Bad Debts	54.07	54.18	24.73	-15.26
Other Operating Activities	98.98	236.84	84.99	54.34
Change in Accounts Receivable	-754.02	-134.12	-292.63	441.12
Change in Inventory	-84.15	-128.76	-426.39	-112.44
Change in Accounts Payable	48.7	-627.05	-315.34	-47.14
Change in Other Net Operating Assets	6.29	10.41	35.78	65.68
Operating Cash Flow	-774.4	-870.08	1,421	1,073
Operating Cash Flow Growth	-	-	32.43%	22523.53%
Capital Expenditures	-385.05	-758.1	-938.42	-317.06
Sale of Property, Plant & Equipment	0.02	0.01	0.05	-
Divestitures	-	-	-	0
Investment in Securities	-1,553	-50	-45.2	-32.79
Other Investing Activities	2.36	-	-16.56	3.21
Investing Cash Flow	-1,935	-808.09	-1,000	-346.63
Short-Term Debt Issued	-	-	-	30
Long-Term Debt Issued	400	300	50	-
Total Debt Issued	400	300	50	30
Short-Term Debt Repaid	-	-	-	-749
Long-Term Debt Repaid	-271.37	-123.2	-82.95	-39.34
Total Debt Repaid	-271.37	-123.2	-82.95	-788.34
Net Debt Issued (Repaid)	128.63	176.8	-32.95	-758.34
Issuance of Common Stock	62.64	38.7	3,351	-
Repurchase of Common Stock	-230.29	-119.7	-	-
Common Dividends Paid	-24.17	-155.82	-0.26	-13.86
Other Financing Activities	-40.55	-	-28.6	-63.07
Financing Cash Flow	-103.74	-60.02	3,289	-835.27
Foreign Exchange Rate Adjustments	4.32	41.88	173.44	-97.74
Net Cash Flow	-2,809	-1,696	3,884	-206.46
Free Cash Flow	-1,159	-1,628	482.83	756.13
Free Cash Flow Growth	-	-	-36.14%	-
Free Cash Flow Margin	-38.49%	-55.93%	11.41%	19.25%
Free Cash Flow Per Share	-2.82	-3.91	1.24	2.02
Cash Income Tax Paid	62.85	42.57	610.13	80.53
Levered Free Cash Flow	-847.56	-1,082	-1,234	689.97
Unlevered Free Cash Flow	-832.78	-1,073	-1,228	703.32
Change in Working Capital	-791.4	-898.58	-1,053	362.63

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