C*Core Technology 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	-180.59	-168.75	74.97	70.2
Depreciation & Amortization	50.39	43.77	26.67	20.05
Other Amortization	51.33	41.88	21.58	15.4
Loss (Gain) From Sale of Assets	-0.04	0.06	-	-
Asset Writedown & Restructuring Costs	14.35	12.48	30.1	0.02
Loss (Gain) From Sale of Investments	-39.81	-21.58	-36.93	3.61
Provision & Write-off of Bad Debts	-1.37	-4.86	-14.62	4.12
Other Operating Activities	20.65	9.75	8.16	1.97
Change in Accounts Receivable	-543.42	-129.07	-336.68	-67.82
Change in Inventory	48.96	-243.37	-110.32	-18.72
Change in Accounts Payable	589.52	243.18	95.22	58.9
Change in Other Net Operating Assets	-0.67	-	0.6	-
Operating Cash Flow	-76.42	-285.91	-253.92	83.91
Operating Cash Flow Growth	-	-	-	6.06%
Capital Expenditures	-198.25	-268.06	-116.46	-62.65
Sale of Property, Plant & Equipment	-	0.14	-	-
Investment in Securities	-54.75	221	-748.13	-
Other Investing Activities	19.63	12.8	40.46	0.08
Investing Cash Flow	-233.37	-34.12	-824.13	-62.57
Short-Term Debt Issued	349.46	164.83	2.72	25
Total Debt Issued	349.46	164.83	2.72	25
Short-Term Debt Repaid	-308.96	-119.52	-25	-25
Long-Term Debt Repaid	-5.89	-7.26	-3.65	-3.62
Total Debt Repaid	-314.85	-126.78	-28.65	-28.62
Net Debt Issued (Repaid)	34.61	38.05	-25.94	-3.62
Issuance of Common Stock	-	-	-	2,281
Repurchase of Common Stock	-63.93	-151.68	-	-
Common Dividends Paid	-2.59	-60.82	-60.45	-0.97
Other Financing Activities	-	-	-	-8.46
Financing Cash Flow	-31.91	-174.45	-86.39	2,267
Foreign Exchange Rate Adjustments	-0.17	0.14	-0.59	-0.23
Net Cash Flow	-341.87	-494.34	-1,165	2,289
Free Cash Flow	-274.67	-553.97	-370.38	21.26
Free Cash Flow Growth	-	-	-	-42.54%
Free Cash Flow Margin	-47.84%	-123.28%	-74.47%	5.22%
Free Cash Flow Per Share	-0.84	-1.64	-1.09	0.08
Cash Income Tax Paid	-0.46	3.66	21.44	24.19
Levered Free Cash Flow	-154.81	-487.09	-411.71	-23.38
Unlevered Free Cash Flow	-152.49	-485.87	-411.42	-22.71
Change in Working Capital	8.67	-198.68	-363.87	-31.47

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