SICC Co., Ltd. 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	-208.56	179.03	-45.72	-175.23	89.95
Depreciation & Amortization	363.53	343.95	223.35	145.77	132.48
Other Amortization	11.6	14.48	3.41	0.34	-
Loss (Gain) From Sale of Assets	0.01	-0.45	0.35	-	-0.12
Asset Writedown & Restructuring Costs	26.05	0.04	0	-	0
Loss (Gain) From Sale of Investments	5.16	1.37	-23.12	-36.23	0.46
Provision & Write-off of Bad Debts	-	11.2	8.99	4.22	-0.25
Other Operating Activities	68.31	4.04	18.81	5.37	8.07
Change in Accounts Receivable	1,122	-1,035	1,054	-36.74	4.81
Change in Inventory	-60.26	-186.44	-325.74	-156.66	-228.45
Change in Accounts Payable	-1,050	755.83	-907.1	191.13	129.47
Operating Cash Flow	230.63	65.93	12.99	-58.8	110.7
Operating Cash Flow Growth	249.79%	407.49%	-	-	-
Capital Expenditures	-403.33	-581.16	-1,409	-1,034	-336.37
Sale of Property, Plant & Equipment	0	2.1	0.15	-	0.19
Investment in Securities	-12.84	275.78	1,535	-1,744	-2
Other Investing Activities	-103.83	10.64	-2.45	-2.29	-1.05
Investing Cash Flow	-520	-292.64	123.47	-2,780	-339.24
Short-Term Debt Issued	-	-	3.15	-	-
Long-Term Debt Issued	950.59	700	-	-	-
Total Debt Issued	950.59	700	3.15	-	-
Short-Term Debt Repaid	-	-3.15	-	-	-
Long-Term Debt Repaid	-712.5	-18.14	-7.55	-4.61	-1.01
Total Debt Repaid	-712.5	-21.29	-7.55	-4.61	-1.01
Net Debt Issued (Repaid)	238.09	678.71	-4.41	-4.61	-1.01
Issuance of Common Stock	2,062	-	-	3,239	-
Repurchase of Common Stock	-	-100.24	-	-	-
Common Dividends Paid	-27.86	-7.4	-	-	-
Other Financing Activities	5.45	-	-1.58	-55.16	-
Financing Cash Flow	2,278	571.06	-5.98	3,179	-1.01
Foreign Exchange Rate Adjustments	-45.38	-0.5	-1.38	0.28	-0.73
Net Cash Flow	1,943	343.86	129.1	339.91	-230.28
Free Cash Flow	-172.7	-515.23	-1,396	-1,093	-225.67
Free Cash Flow Margin	-11.79%	-29.14%	-111.64%	-262.05%	-45.70%
Free Cash Flow Per Share	-0.39	-1.21	-3.36	-2.55	-0.58
Cash Income Tax Paid	-74.11	-4.88	-3.11	5.64	3.05
Levered Free Cash Flow	-291.32	-924.1	-942.02	-1,074	-436.08
Unlevered Free Cash Flow	-291.32	-918.89	-941.89	-1,074	-436.07
Change in Working Capital	-35.46	-487.72	-173.07	-3.05	-119.89

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