Jiaxing ZMAX Optech 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	53.43	36.33	41.12	35.95
Depreciation & Amortization	22.14	21.27	20.24	19
Other Amortization	3.54	2.42	2.01	1.13
Loss (Gain) From Sale of Assets	-0.11	0.01	-0.02	-0.02
Asset Writedown & Restructuring Costs	0.24	2.18	0.61	6.29
Loss (Gain) From Sale of Investments	-0.41	-	-	-
Provision & Write-off of Bad Debts	-0.32	0.78	-1.41	-
Other Operating Activities	2.98	0.75	3.99	1.5
Change in Accounts Receivable	11.79	26.33	7.6	-1.69
Change in Inventory	-10.9	11.02	-3.95	-33.06
Change in Accounts Payable	19.35	-0.82	-40.26	62.63
Change in Other Net Operating Assets	4.76	6.14	5.86	6.52
Operating Cash Flow	106.47	105.47	35.74	97.77
Operating Cash Flow Growth	0.95%	195.12%	-63.45%	-
Capital Expenditures	-56.4	-50.8	-53.11	-78.91
Sale of Property, Plant & Equipment	0	0.1	1.85	0.04
Investment in Securities	-844	-30.91	-	-
Other Investing Activities	783.05	-	-	-
Investing Cash Flow	-117.34	-81.62	-51.26	-78.87
Short-Term Debt Issued	0.9	-	-	-
Long-Term Debt Issued	-	14.85	33.85	50.14
Total Debt Issued	0.9	14.85	33.85	50.14
Long-Term Debt Repaid	-20.65	-30.43	-11.61	-43.26
Net Debt Issued (Repaid)	-19.76	-15.58	22.24	6.89
Issuance of Common Stock	-	472.47	-	-
Common Dividends Paid	-35.61	-18.5	-14.27	-14.33
Other Financing Activities	-0.05	-22.04	-5.63	-0.02
Financing Cash Flow	-55.42	416.35	2.34	-7.46
Foreign Exchange Rate Adjustments	0.46	0.17	1.22	0.16
Net Cash Flow	-65.83	440.38	-11.96	11.59
Free Cash Flow	50.07	54.67	-17.37	18.86
Free Cash Flow Growth	-8.40%	-	-	-
Free Cash Flow Margin	11.01%	14.43%	-4.30%	4.76%
Free Cash Flow Per Share	0.57	0.65	-0.26	0.28
Cash Income Tax Paid	19.3	13.28	13.89	11.99
Levered Free Cash Flow	36.97	30.93	-66.35	-22.11
Unlevered Free Cash Flow	37.04	31.15	-65.59	-21.39
Change in Working Capital	24.97	41.73	-30.8	33.92

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