Shanghai CEO 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	-50.38	100.04	115.51	64.55
Depreciation & Amortization	27.23	66.87	63.51	18.36
Other Amortization	5.41	3.48	1.43	1.01
Loss (Gain) From Sale of Assets	0.23	-0.54	4.73	-0.01
Asset Writedown & Restructuring Costs	5.42	14.61	1.36	-1.63
Loss (Gain) From Sale of Investments	-9.16	-12.18	-11.25	-9.72
Provision & Write-off of Bad Debts	-9.75	41.08	29.36	7.7
Other Operating Activities	-2.57	-4.55	6.17	1.18
Change in Accounts Receivable	164.69	-181.95	-56.26	-86.59
Change in Inventory	-23.26	34.26	-44.74	16.39
Change in Accounts Payable	-16.57	-71.39	54.85	52.8
Change in Other Net Operating Assets	7.18	2.18	3.96	3.5
Operating Cash Flow	90.11	-12.21	163.82	60.12
Operating Cash Flow Growth	-	-	172.46%	-
Capital Expenditures	-56.35	-146.02	-104.12	-84.42
Sale of Property, Plant & Equipment	0.28	7.9	0.74	0
Cash Acquisitions	-	-	0.34	-
Divestitures	-0.12	-	-	-
Investment in Securities	-100.05	-14	-0.2	-
Other Investing Activities	8.37	12.27	11.41	9.72
Investing Cash Flow	-147.87	-139.86	-91.83	-74.7
Short-Term Debt Issued	2.4	1.6	-	-
Total Debt Issued	2.4	1.6	-	-
Short-Term Debt Repaid	-1.6	-	-1.4	-
Long-Term Debt Repaid	-6.38	-9.34	-5.6	-
Total Debt Repaid	-7.98	-9.34	-7	-
Net Debt Issued (Repaid)	-5.58	-7.74	-7	-
Issuance of Common Stock	9.73	4.58	-	-
Repurchase of Common Stock	-	-35.24	-	-
Common Dividends Paid	-51	-38.71	-22.48	-20.31
Dividends Paid	-51	-38.71	-22.48	-20.31
Other Financing Activities	0.22	0.04	0.12	-7.86
Financing Cash Flow	-46.63	-77.08	-29.36	-28.17
Foreign Exchange Rate Adjustments	-0	0.01	-0.01	-
Net Cash Flow	-104.4	-229.13	42.62	-42.75
Free Cash Flow	33.76	-158.23	59.7	-24.3
Free Cash Flow Margin	18.06%	-27.47%	7.56%	-7.76%
Free Cash Flow Per Share	0.23	-1.08	0.40	-0.17
Cash Income Tax Paid	14.85	41.08	29.74	23.45
Levered Free Cash Flow	-25.19	-168.37	-5.13	20.63
Unlevered Free Cash Flow	-24.84	-168.04	-4.77	21.03
Change in Working Capital	123.67	-221.01	-47	-21.33

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