Bangyan 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	-36.61	-52.25	41.12	79.27
Depreciation & Amortization	50.16	43.84	43.9	16.65
Other Amortization	2.77	1.61	1.48	0.6
Loss (Gain) From Sale of Assets	-1.09	-1.77	-0.86	0.09
Asset Writedown & Restructuring Costs	0.05	0.3	11.58	8.93
Loss (Gain) From Sale of Investments	-9.63	-4.16	-	-
Provision & Write-off of Bad Debts	62.31	25.29	22.52	12.06
Other Operating Activities	15.87	-2.21	23.1	11.27
Change in Accounts Receivable	-57.3	128.06	-78.85	-27.88
Change in Inventory	59.04	-55.57	-34.18	-21.39
Change in Accounts Payable	-43.87	-12.48	42.81	10.87
Change in Other Net Operating Assets	0.63	30.2	-	-17.37
Operating Cash Flow	42.51	94.58	61.13	70.16
Operating Cash Flow Growth	-55.05%	54.71%	-12.87%	-
Capital Expenditures	-15.7	-50.4	-120.65	-272.19
Sale of Property, Plant & Equipment	5.07	6.85	3.19	0.03
Investment in Securities	44.73	-362.94	-	-
Other Investing Activities	8.63	8.39	3.98	-
Investing Cash Flow	42.74	-398.1	-113.48	-272.16
Short-Term Debt Issued	11.98	69.18	-	-
Long-Term Debt Issued	-	-	225.58	292.64
Total Debt Issued	11.98	69.18	225.58	292.64
Short-Term Debt Repaid	-69.23	-144.9	-	-
Long-Term Debt Repaid	-1.12	-2.88	-574.71	-111.85
Total Debt Repaid	-70.35	-147.78	-574.71	-111.85
Net Debt Issued (Repaid)	-58.37	-78.6	-349.13	180.8
Issuance of Common Stock	-	-	1,008	-
Repurchase of Common Stock	-35	-	-	-
Common Dividends Paid	-1.35	-3.55	-24.99	-22.44
Other Financing Activities	-0.57	-	-29.51	-6.05
Financing Cash Flow	-95.29	-82.14	604.51	152.3
Net Cash Flow	-10.04	-385.66	552.16	-49.7
Free Cash Flow	26.82	44.18	-59.52	-202.03
Free Cash Flow Growth	-39.30%	-	-	-
Free Cash Flow Margin	7.73%	24.45%	-16.08%	-65.53%
Free Cash Flow Per Share	0.18	0.29	-0.48	-1.76
Cash Income Tax Paid	14.27	10.99	-22.25	13.2
Levered Free Cash Flow	47.44	-40.54	-177.15	-254.11
Unlevered Free Cash Flow	48.33	-40.48	-161.95	-248.22
Change in Working Capital	-41.33	83.93	-81.69	-58.69

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