Primarius Technologies Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	33.88	-95.97	-56.32	44.89	28.6
Depreciation & Amortization	50.19	39.61	40.4	30.12	15.31
Other Amortization	3.28	8.48	2.91	2.02	1.11
Loss (Gain) From Sale of Assets	-0.06	-0.12	-0.08	-0.01	-0
Asset Writedown & Restructuring Costs	6.06	25.5	-	-	-0.01
Loss (Gain) From Sale of Investments	-42.46	16.34	-0.62	-1.13	-3.56
Provision & Write-off of Bad Debts	-	4.74	0.04	2.6	0.36
Other Operating Activities	6.67	5.91	-1.94	0.89	-0.23
Change in Accounts Receivable	65.38	-171.58	52.46	-99.85	-28.03
Change in Inventory	-27.35	19.39	-25.66	-30.46	-5.79
Change in Accounts Payable	35.77	92.04	32.31	121.67	48.96
Change in Other Net Operating Assets	5.84	17.83	-	-	-
Operating Cash Flow	137.76	-46.52	51.03	70.32	56.47
Operating Cash Flow Growth	-	-	-27.43%	24.51%	-30.68%
Capital Expenditures	-97.22	-106.07	-50.19	-151.39	-140.87
Sale of Property, Plant & Equipment	6.47	0.16	0.71	0.01	0
Cash Acquisitions	-6	-10.62	-63.69	-	-31.81
Investment in Securities	-127.19	-1.5	-155.58	-101.47	685.45
Other Investing Activities	24.23	9.18	4.63	-4.63	-0.44
Investing Cash Flow	-199.71	-108.86	-264.12	-257.48	512.33
Long-Term Debt Issued	5	15.58	-	-	-
Total Debt Issued	5	15.58	-	-	-
Long-Term Debt Repaid	-	-13.9	-10.57	-9.52	-7.5
Total Debt Repaid	-	-13.9	-10.57	-9.52	-7.5
Net Debt Issued (Repaid)	5	1.68	-10.57	-9.52	-7.5
Issuance of Common Stock	25.19	-	-	-	1,145
Repurchase of Common Stock	-	-20.01	-	-	-
Common Dividends Paid	-13.39	-0.15	-29.23	-8.35	-
Other Financing Activities	-14.3	-40.8	-	-15.61	-18.38
Financing Cash Flow	2.5	-59.28	-39.8	-33.48	1,120
Foreign Exchange Rate Adjustments	-4.45	14.33	1.36	3.13	-0.69
Net Cash Flow	-63.9	-200.33	-251.53	-217.52	1,688
Free Cash Flow	40.54	-152.59	0.84	-81.08	-84.4
Free Cash Flow Margin	8.38%	-36.41%	0.26%	-29.11%	-43.54%
Free Cash Flow Per Share	0.10	-0.35	0.00	-0.18	-0.21
Cash Income Tax Paid	39.02	17.53	26.07	16.61	8.92
Levered Free Cash Flow	38.91	-174.88	49.98	-214.4	-110.78
Unlevered Free Cash Flow	38.91	-174.85	50.52	-213.66	-110.49
Change in Working Capital	80.21	-51.01	66.63	-9.07	14.88

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