iRay Group 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	465.18	607.5	641.3	484.04
Depreciation & Amortization	72.26	56.07	49.72	31.97
Other Amortization	21.26	18.3	2.54	2.11
Loss (Gain) From Sale of Assets	-	-	-0.08	0
Asset Writedown & Restructuring Costs	0.05	0.04	0.05	0.03
Loss (Gain) From Sale of Investments	11.83	54.54	-69.67	-113.95
Provision & Write-off of Bad Debts	8.78	3.94	-14.09	9.44
Other Operating Activities	7.87	11.35	-35.34	12.72
Change in Accounts Receivable	-138.13	-283.62	12.5	-244.64
Change in Inventory	-16.05	-124.66	-322.4	-155.55
Change in Accounts Payable	-97.36	-32.89	-1.84	199.98
Change in Other Net Operating Assets	44.52	44.51	59.34	14.27
Operating Cash Flow	360.42	340.32	316.62	248.02
Operating Cash Flow Growth	5.91%	7.49%	27.66%	-5.45%
Capital Expenditures	-1,441	-1,854	-717.32	-191.71
Sale of Property, Plant & Equipment	0.04	2.88	-	0.05
Cash Acquisitions	-8.37	-	-48.11	-15.37
Investment in Securities	163.24	304	293.17	165.77
Other Investing Activities	157.06	-161.91	0.43	3.25
Investing Cash Flow	-1,129	-1,709	-471.83	-38.01
Short-Term Debt Issued	-	-	-	51.16
Long-Term Debt Issued	2,237	737.68	1,657	-
Total Debt Issued	2,237	737.68	1,657	51.16
Short-Term Debt Repaid	-	-	-	-55
Long-Term Debt Repaid	-837.44	-158.98	-128.88	-23.55
Total Debt Repaid	-837.44	-158.98	-128.88	-78.55
Net Debt Issued (Repaid)	1,399	578.71	1,528	-27.39
Issuance of Common Stock	29.47	21.75	25.67	-
Repurchase of Common Stock	-19.85	-19.98	-	-
Common Dividends Paid	-257.6	-219.21	-161.42	-72.7
Other Financing Activities	-1.07	-1.49	0.62	-0.84
Financing Cash Flow	1,150	359.78	1,393	-100.93
Foreign Exchange Rate Adjustments	-4.75	10.71	42.56	-15.76
Net Cash Flow	376.41	-997.83	1,280	93.31
Free Cash Flow	-1,081	-1,513	-400.7	56.31
Free Cash Flow Growth	-	-	-	-77.06%
Free Cash Flow Margin	-59.02%	-81.19%	-25.87%	4.74%
Free Cash Flow Per Share	-5.20	-7.44	-2.01	0.28
Cash Income Tax Paid	76.88	90.09	76.04	41.55
Levered Free Cash Flow	-1,444	-1,151	-617.02	-150.23
Unlevered Free Cash Flow	-1,427	-1,135	-609.3	-148.81
Change in Working Capital	-226.8	-411.41	-257.8	-178.33

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