ASR Microelectronics 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	-693.01	-505.82	-251.51	-589.39
Depreciation & Amortization	196.76	194.05	189.12	178.98
Other Amortization	44.55	11.14	7.86	3.77
Loss (Gain) From Sale of Assets	-0.04	-0.3	0.07	0.76
Asset Writedown & Restructuring Costs	0.17	2.13	49.42	6.01
Loss (Gain) From Sale of Investments	39.05	-89.55	-106.63	-1.44
Stock-Based Compensation	180.35	10.71	-	-
Provision & Write-off of Bad Debts	11.84	0.46	0.03	0.4
Other Operating Activities	63.31	16.03	3.41	8.23
Change in Accounts Receivable	-253.7	-110.47	110.81	-134.25
Change in Inventory	41.45	-335.72	-379.15	-349.6
Change in Accounts Payable	-26.6	132.38	35.7	227.84
Change in Other Net Operating Assets	-	-	-5.97	17.4
Operating Cash Flow	-403.6	-677.58	-353.91	-638.87
Capital Expenditures	-254.46	-122.69	-119.42	-224.05
Sale of Property, Plant & Equipment	0	0.17	-	-
Investment in Securities	989.76	1,852	-4,053	201.44
Other Investing Activities	-65.23	78.69	-	-
Investing Cash Flow	670.07	1,808	-4,172	-22.61
Short-Term Debt Issued	197.33	-	65.47	477.62
Total Debt Issued	197.33	-	65.47	477.62
Short-Term Debt Repaid	-197.33	-	-514.29	-31.5
Long-Term Debt Repaid	-30.54	-27.53	-22.56	-22.08
Total Debt Repaid	-227.87	-27.53	-536.85	-53.58
Net Debt Issued (Repaid)	-30.54	-27.53	-471.38	424.04
Issuance of Common Stock	-	-	6,573	-
Repurchase of Common Stock	-175.21	-639.61	-	-
Common Dividends Paid	-2.29	-	-8.33	-5.85
Other Financing Activities	-	-2.63	-36.64	-6.07
Financing Cash Flow	-208.04	-669.77	6,057	412.12
Foreign Exchange Rate Adjustments	15.4	9.05	28.38	-11.52
Net Cash Flow	73.83	469.94	1,559	-260.89
Free Cash Flow	-658.06	-800.26	-473.33	-862.92
Free Cash Flow Margin	-19.44%	-30.78%	-22.12%	-40.38%
Free Cash Flow Per Share	-1.61	-1.93	-1.15	-2.30
Cash Interest Paid	-	2.38	-	-
Cash Income Tax Paid	-166.51	-96.93	-217.14	-131.96
Levered Free Cash Flow	-454.74	-642.46	-422.6	-703.75
Unlevered Free Cash Flow	-452.17	-640.98	-417.72	-699.76
Change in Working Capital	-246.59	-316.43	-245.69	-246.19

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