SBT Ultrasonic 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	85.87	66.54	110.85	69.25
Depreciation & Amortization	15.43	14.47	9.62	5.51
Other Amortization	6.44	3.83	2.07	1.12
Loss (Gain) From Sale of Assets	0.75	0.1	-0	0
Asset Writedown & Restructuring Costs	-0.04	-0.24	0.2	-0.04
Loss (Gain) From Sale of Investments	-33.61	-18.88	-3.87	-2.49
Provision & Write-off of Bad Debts	10.2	7.24	3.44	3.45
Other Operating Activities	34.76	32.4	10.86	8.72
Change in Accounts Receivable	-254.11	-62.7	-47.77	-154.74
Change in Inventory	-7.97	3.3	-80.15	-97.25
Change in Accounts Payable	82.33	-52.18	-2.61	133.07
Change in Other Net Operating Assets	7.22	14.38	3.94	3.84
Operating Cash Flow	-54.38	9.76	4.04	-30.57
Operating Cash Flow Growth	-	141.38%	-	-
Capital Expenditures	-134.42	-34.06	-34.26	-13.14
Sale of Property, Plant & Equipment	0.41	0.43	0.08	0
Cash Acquisitions	-	-	-	-0.56
Divestitures	-2.63	-	-	-
Investment in Securities	-56.5	297.13	-522.08	-42.05
Other Investing Activities	15.98	17.2	3.54	2.09
Investing Cash Flow	-177.15	280.7	-552.73	-50.16
Short-Term Debt Issued	255.47	228.6	202.5	12.5
Total Debt Issued	255.47	228.6	202.5	12.5
Short-Term Debt Repaid	-252.43	-136.4	-75	-27.5
Long-Term Debt Repaid	-7.04	-5.82	-5.41	-2.44
Total Debt Repaid	-259.47	-142.22	-80.41	-29.94
Net Debt Issued (Repaid)	-4	86.38	122.09	-17.44
Issuance of Common Stock	1.05	-	1,333	163
Repurchase of Common Stock	-134.01	-	-	-
Common Dividends Paid	-29.43	-87.29	-2.25	-16.1
Other Financing Activities	-	0.53	-41.58	-0.59
Financing Cash Flow	-166.39	-0.38	1,411	128.87
Foreign Exchange Rate Adjustments	0.04	0.33	0.19	0.37
Net Cash Flow	-397.88	290.4	862.73	48.51
Free Cash Flow	-188.79	-24.3	-30.22	-43.71
Free Cash Flow Margin	-32.30%	-4.63%	-5.78%	-11.79%
Free Cash Flow Per Share	-1.67	-0.21	-0.30	-0.55
Cash Income Tax Paid	27.88	46.2	27.13	38.57
Levered Free Cash Flow	-230.62	-78.33	-101.29	-78.15
Unlevered Free Cash Flow	-226.05	-74.27	-99.32	-77.24
Change in Working Capital	-174.18	-95.71	-129.13	-116.11

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