KEDE Numerical Control 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	129.89	101.99	60.34	72.87
Depreciation & Amortization	48.69	34.51	27.79	24.15
Other Amortization	0.73	0.41	0.51	0.13
Loss (Gain) From Sale of Assets	-4.33	-	-0.11	-
Loss (Gain) From Sale of Investments	-2.69	-11.21	-6.74	-0.62
Provision & Write-off of Bad Debts	6.47	5.26	2.78	3.94
Other Operating Activities	1.61	-0.67	2.21	1.19
Change in Accounts Receivable	-83.49	-48.85	-58.18	-102.73
Change in Inventory	-70.01	-78.04	-92.14	-117.42
Change in Accounts Payable	42.55	43.72	59.11	53.51
Change in Other Net Operating Assets	1.79	-	-	0
Operating Cash Flow	69.81	44.57	-6.03	-65.34
Operating Cash Flow Growth	56.65%	-	-	-
Capital Expenditures	-413.54	-96.78	-61.24	-67.84
Sale of Property, Plant & Equipment	-	-	0.69	-
Investment in Securities	-117	27.31	29.69	-60
Other Investing Activities	2.17	16.51	1.37	0.47
Investing Cash Flow	-528.37	-52.96	-29.5	-127.38
Short-Term Debt Issued	-	-	9.8	-
Total Debt Issued	-	-	9.8	-
Short-Term Debt Repaid	-	-9.8	-	-10
Long-Term Debt Repaid	-0.85	-5.34	-4.65	-3.05
Total Debt Repaid	-0.85	-15.14	-4.65	-13.05
Net Debt Issued (Repaid)	-0.85	-15.14	5.15	-13.05
Issuance of Common Stock	611.32	-	159	218.36
Common Dividends Paid	-25.19	-0.08	-0.37	-0.83
Other Financing Activities	-3.41	-	-0.56	-26.84
Financing Cash Flow	581.87	-15.23	163.22	177.65
Foreign Exchange Rate Adjustments	-	0.03	-0.04	-
Net Cash Flow	123.32	-23.59	127.65	-15.06
Free Cash Flow	-343.73	-52.21	-67.27	-133.18
Free Cash Flow Margin	-56.77%	-11.54%	-21.33%	-52.52%
Free Cash Flow Per Share	-2.67	-0.43	-0.56	-1.32
Cash Income Tax Paid	29.57	17.07	-15.92	6.89
Levered Free Cash Flow	-312.19	33.37	-79.25	-197.44
Unlevered Free Cash Flow	-312.03	33.77	-78.69	-196.65
Change in Working Capital	-110.57	-85.71	-92.82	-167

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