Guobo Electronics Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	425.35	484.65	606.23	520.48	368.16	308.19
Depreciation & Amortization	242.19	244.8	205.51	124.93	105.53	82.31
Other Amortization	8.54	5.93	0.07	-	1.24	2.48
Loss (Gain) From Sale of Assets	-0.23	-0.23	0.59	-	-0.02	-
Asset Writedown & Restructuring Costs	-	-	-	-	0.07	70.09
Loss (Gain) From Sale of Investments	-2.57	-2.57	-9.14	-3.35	-	-
Provision & Write-off of Bad Debts	58.94	58.94	7.19	11.44	22.85	-
Other Operating Activities	-87.14	35.81	71.06	80.55	144.57	11.15
Change in Accounts Receivable	-239.86	-239.86	-333.24	-1,064	-201.89	-1,444
Change in Inventory	296.92	296.92	293.38	-108.83	-101.94	127.22
Change in Accounts Payable	-605.36	-605.36	1.85	247.92	825.84	444.64
Change in Other Net Operating Assets	6.12	6.12	5.03	7.76	1.95	-
Operating Cash Flow	89.62	271.87	838.93	-183.99	1,143	-416.22
Operating Cash Flow Growth	-92.74%	-67.59%	-	-	-	-
Capital Expenditures	-337.93	-334.84	-659.04	-505.79	-451.62	-384.02
Sale of Property, Plant & Equipment	-	-	0.1	-	0.03	-
Investment in Securities	-	400	100	-499.49	-	-
Other Investing Activities	2.22	4.05	11.4	-	-	-
Investing Cash Flow	-335.72	69.21	-547.54	-1,005	-451.59	-384.02
Short-Term Debt Issued	-	-	-	-	170	200
Total Debt Issued	-	-	-	-	170	200
Short-Term Debt Repaid	-	-	-	-	-370	-80
Long-Term Debt Repaid	-	-46	-47.69	-49.03	-44.42	-
Total Debt Repaid	-46	-46	-47.69	-49.03	-414.42	-80
Net Debt Issued (Repaid)	-46	-46	-47.69	-49.03	-244.42	120
Issuance of Common Stock	-	-	-	2,762	-	1,200
Common Dividends Paid	-542.49	-303.97	-250.01	-200.01	-6.91	-3.47
Other Financing Activities	1.65	-	-0.69	-11.71	3.6	-28.96
Financing Cash Flow	-586.85	-349.97	-298.38	2,502	-247.73	1,288
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	0
Net Cash Flow	-832.94	-8.89	-6.98	1,312	443.41	487.32
Free Cash Flow	-248.31	-62.97	179.89	-689.78	691.11	-800.24
Free Cash Flow Margin	-10.59%	-2.43%	5.04%	-19.93%	27.55%	-36.17%
Free Cash Flow Per Share	-0.41	-0.10	0.30	-1.23	1.28	-1.53
Cash Income Tax Paid	160.98	107.49	165.25	228.98	170.38	1.37
Levered Free Cash Flow	-812.19	74.67	-1,263	-870.98	577.56	1,224
Unlevered Free Cash Flow	-811.44	77.89	-1,259	-865.34	586.89	1,231
Change in Working Capital	-555.46	-555.46	-42.59	-918.05	500.32	-890.44

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.