Hubei Huaqiang High-Tech 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	47.3	42.78	22.53	7.93	68.07	320.22
Depreciation & Amortization	54.52	54.52	56.09	57.12	54.67	56.56
Other Amortization	3.39	3.39	12.18	4.79	2.43	4.75
Loss (Gain) From Sale of Assets	0.02	0.02	-	-0.22	-29.86	0.08
Asset Writedown & Restructuring Costs	2.31	2.31	-	-	-	6
Loss (Gain) From Sale of Investments	-32.79	-32.79	-51.86	-43.81	-21.5	-1.15
Provision & Write-off of Bad Debts	-	-	2.28	14.36	7.47	38.44
Other Operating Activities	-46.94	3.73	6.99	11.79	16.46	8.76
Change in Accounts Receivable	-21.26	-21.26	-26.24	-0.54	-63.11	-80.93
Change in Inventory	64.89	64.89	42.79	-10.58	-43.98	116.54
Change in Accounts Payable	-83.9	-83.9	-199.12	-103.81	-170.43	6.75
Operating Cash Flow	-9.79	36.35	-137.75	-66.88	-181.3	472.43
Capital Expenditures	-40.44	-30.73	-44.28	-57.87	-43.51	-41.38
Sale of Property, Plant & Equipment	-	-	-	0.34	19.98	2.22
Investment in Securities	1,510	690	314.63	-666.87	-779.81	-
Other Investing Activities	22.34	22.34	-	2.23	1.31	1.3
Investing Cash Flow	1,492	681.62	270.35	-722.17	-802.04	-37.86
Short-Term Debt Issued	-	-	-	-	-	30
Total Debt Issued	-	-	-	-	-	30
Short-Term Debt Repaid	-	-	-	-	-	-55
Long-Term Debt Repaid	-	-	-2.01	-	-	-
Total Debt Repaid	-	-	-2.01	-	-	-55
Net Debt Issued (Repaid)	-	-	-2.01	-	-	-25
Issuance of Common Stock	-	-	-	-	-	2,817
Common Dividends Paid	-49.14	-49.14	-8.2	-26.08	-115.41	-64.17
Other Financing Activities	-0.67	-0.67	-0.02	-0.03	19.91	-18.85
Financing Cash Flow	-49.82	-49.82	-10.23	-26.1	-95.5	2,709
Foreign Exchange Rate Adjustments	-0.36	-0.45	0.03	-0.03	0.24	-0.44
Net Cash Flow	1,432	667.71	122.41	-815.18	-1,079	3,143
Free Cash Flow	-50.23	5.63	-182.03	-124.75	-224.82	431.05
Free Cash Flow Margin	-7.53%	0.90%	-29.78%	-21.78%	-38.39%	33.80%
Free Cash Flow Per Share	-0.14	0.02	-0.57	-0.32	-0.66	1.67
Cash Income Tax Paid	37.08	33.16	22.36	24.27	72.85	97.4
Levered Free Cash Flow	-486.4	-428.1	-166.97	-123	-234.07	268.19
Unlevered Free Cash Flow	-486.4	-428.1	-166.89	-122.92	-233.98	268.67
Change in Working Capital	-37.61	-37.61	-185.96	-118.83	-279.05	38.78

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