Shenzhen Qingyi Photomask 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	172.01	133.87	99.03	44.53
Depreciation & Amortization	128.68	118.21	110.32	74.4
Other Amortization	1.86	-	-	-
Loss (Gain) From Sale of Assets	-0.21	-	0.19	0.36
Asset Writedown & Restructuring Costs	0.05	0.6	6.1	3.02
Provision & Write-off of Bad Debts	-0.62	1.41	-	-
Other Operating Activities	22.42	10.26	5.86	2.35
Change in Accounts Receivable	-25.46	-95.46	-59.49	-4.03
Change in Inventory	-33.72	-28.16	-56.91	-28.31
Change in Accounts Payable	46.5	53.6	34.4	101.88
Operating Cash Flow	305.83	194.56	134.94	194.18
Operating Cash Flow Growth	57.19%	44.19%	-30.51%	3.86%
Capital Expenditures	-662.51	-242.77	-97.99	-305.01
Sale of Property, Plant & Equipment	0.35	0.01	0.63	0.02
Investment in Securities	-9.34	22.95	-20.06	-
Other Investing Activities	-	0.23	-	-
Investing Cash Flow	-671.5	-219.58	-117.42	-305
Long-Term Debt Issued	782.75	281.17	96.2	82.45
Long-Term Debt Repaid	-308.63	-73.96	-36.81	-14.57
Net Debt Issued (Repaid)	474.12	207.21	59.39	67.87
Repurchase of Common Stock	-30.02	-	-	-
Common Dividends Paid	-62.85	-39.5	-21.82	-29.25
Other Financing Activities	-2.79	-	-	-
Financing Cash Flow	378.46	167.71	37.58	38.62
Foreign Exchange Rate Adjustments	-0.88	-2.81	-1.07	3.02
Net Cash Flow	11.91	139.88	54.03	-69.18
Free Cash Flow	-356.68	-48.21	36.95	-110.83
Free Cash Flow Margin	-32.07%	-5.22%	4.85%	-20.38%
Free Cash Flow Per Share	-1.35	-0.18	0.14	-0.42
Cash Income Tax Paid	64.98	40.91	30.32	28.1
Levered Free Cash Flow	-251.3	-158.41	-5.12	-247.66
Unlevered Free Cash Flow	-237.23	-155.27	-1.46	-244.73
Change in Working Capital	-18.36	-69.78	-86.57	69.52

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