Guobo Electronics Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	507.53	484.65	606.23	520.48	368.16
Depreciation & Amortization	280.65	250.3	205.51	124.93	105.53
Other Amortization	7.9	0.43	0.07	-	1.24
Loss (Gain) From Sale of Assets	-0	-0.23	0.59	-	-0.02
Asset Writedown & Restructuring Costs	-	-	-	-	0.07
Loss (Gain) From Sale of Investments	-0.42	-2.57	-9.14	-3.35	-
Provision & Write-off of Bad Debts	31.81	58.94	7.19	11.44	22.85
Other Operating Activities	19.87	35.81	71.06	80.55	144.57
Change in Accounts Receivable	-144.71	-239.86	-333.24	-1,064	-201.89
Change in Inventory	-134.6	296.92	293.38	-108.83	-101.94
Change in Accounts Payable	317.01	-605.36	1.85	247.92	825.84
Change in Other Net Operating Assets	7.71	6.12	5.03	7.76	1.95
Operating Cash Flow	888.97	271.87	838.93	-183.99	1,143
Operating Cash Flow Growth	226.99%	-67.59%	-	-	-
Capital Expenditures	-374.14	-334.84	-659.04	-505.79	-451.62
Sale of Property, Plant & Equipment	-	-	0.1	-	0.03
Investment in Securities	-120	400	100	-499.49	-
Other Investing Activities	1.86	4.05	11.4	-	-
Investing Cash Flow	-492.28	69.21	-547.54	-1,005	-451.59
Short-Term Debt Issued	-	-	-	-	170
Total Debt Issued	-	-	-	-	170
Short-Term Debt Repaid	-	-	-	-	-370
Long-Term Debt Repaid	-42.75	-46	-47.69	-49.03	-44.42
Total Debt Repaid	-42.75	-46	-47.69	-49.03	-414.42
Net Debt Issued (Repaid)	-42.75	-46	-47.69	-49.03	-244.42
Issuance of Common Stock	1.8	-	-	2,762	-
Common Dividends Paid	-238.41	-303.97	-250.01	-200.01	-6.91
Other Financing Activities	-	-	-0.69	-11.71	3.6
Financing Cash Flow	-279.36	-349.97	-298.38	2,502	-247.73
Net Cash Flow	117.33	-8.89	-6.98	1,312	443.41
Free Cash Flow	514.83	-62.97	179.89	-689.78	691.11
Free Cash Flow Margin	21.58%	-2.43%	5.04%	-19.93%	27.55%
Free Cash Flow Per Share	0.86	-0.10	0.30	-1.23	1.28
Cash Income Tax Paid	142.44	107.49	165.25	228.98	170.38
Levered Free Cash Flow	365.93	754.21	-1,263	-870.98	577.56
Unlevered Free Cash Flow	368.24	757.43	-1,259	-865.34	586.89
Change in Working Capital	41.63	-555.46	-42.59	-918.05	500.32

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