Shenzhen Qingyi Photomask Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	191.56	187.61	172.01	133.87	99.03	44.53
Depreciation & Amortization	143.61	143.61	128.68	118.21	110.32	74.4
Other Amortization	0.12	0.12	1.86	-	-	-
Loss (Gain) From Sale of Assets	-	-	-0.21	-	0.19	0.36
Asset Writedown & Restructuring Costs	12.2	12.2	0.05	0.6	6.1	3.02
Loss (Gain) From Sale of Investments	-0.05	-0.05	-	-	-	-
Provision & Write-off of Bad Debts	-	-	-0.62	1.41	-	-
Other Operating Activities	27.74	27.71	22.42	10.26	5.86	2.35
Change in Accounts Receivable	-114.53	-114.53	-25.46	-95.46	-59.49	-4.03
Change in Inventory	-41.98	-41.98	-33.72	-28.16	-56.91	-28.31
Change in Accounts Payable	159.66	159.66	46.5	53.6	34.4	101.88
Operating Cash Flow	372.77	368.78	305.83	194.56	134.94	194.18
Operating Cash Flow Growth	22.41%	20.58%	57.19%	44.19%	-30.51%	3.86%
Capital Expenditures	-1,207	-1,054	-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	0.05	0.05	-	0.23	-	-
Investing Cash Flow	-1,207	-1,054	-671.5	-219.58	-117.42	-305
Long-Term Debt Issued	-	628.91	782.75	281.17	96.2	82.45
Long-Term Debt Repaid	-	-583.21	-308.63	-73.96	-36.81	-14.57
Net Debt Issued (Repaid)	-33.91	45.69	474.12	207.21	59.39	67.87
Issuance of Common Stock	1,189	1,189	-	-	-	-
Repurchase of Common Stock	-	-	-30.02	-	-	-
Common Dividends Paid	-105.06	-107.33	-62.85	-39.5	-21.82	-29.25
Other Financing Activities	-152.37	-148.88	-2.79	-	-	-
Financing Cash Flow	898.07	978.89	378.46	167.71	37.58	38.62
Foreign Exchange Rate Adjustments	-12.83	-11.39	-0.88	-2.81	-1.07	3.02
Net Cash Flow	50.84	282.27	11.91	139.88	54.03	-69.18
Free Cash Flow	-834.44	-685.27	-356.68	-48.21	36.95	-110.83
Free Cash Flow Margin	-65.63%	-55.28%	-32.07%	-5.22%	4.85%	-20.38%
Free Cash Flow Per Share	-2.69	-2.31	-1.35	-0.18	0.14	-0.42
Cash Income Tax Paid	67.54	53.19	64.98	40.91	30.32	28.1
Levered Free Cash Flow	-1,186	-1,047	-251.3	-158.41	-5.12	-247.66
Unlevered Free Cash Flow	-1,186	-1,047	-237.23	-155.27	-1.46	-244.73
Change in Working Capital	-2.42	-2.42	-18.36	-69.78	-86.57	69.52

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