Zbit Semiconductor 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	-99.49	-161	-172.64	21.21	147.56
Depreciation & Amortization	16.01	15.49	17.2	13.19	7.77
Other Amortization	0.02	1.69	0.17	-	-
Asset Writedown & Restructuring Costs	34.71	0.06	0	-	0.15
Loss (Gain) From Sale of Investments	-11.08	-12.32	-10.51	-1.9	-2.43
Provision & Write-off of Bad Debts	-	1.31	1.34	0.35	-0.01
Other Operating Activities	0.17	81.94	100.5	17.05	6.47
Change in Accounts Receivable	194	-8.74	42.68	-357	12.3
Change in Inventory	-63.32	-18.66	-170.48	-146.22	-107.37
Change in Accounts Payable	27.34	-32.43	13.7	-8.09	45.16
Change in Other Net Operating Assets	10.88	10.72	9.8	12.48	11.39
Operating Cash Flow	109.32	-122.04	-166.06	-450.17	127.03
Operating Cash Flow Growth	-	-	-	-	1521.04%
Capital Expenditures	-11.61	-22.27	-10.01	-13.15	-39.6
Sale of Property, Plant & Equipment	0	0.03	0	-	-
Investment in Securities	210	85	-245.7	-381.8	-50
Other Investing Activities	11.64	13.3	9.61	1.17	1.81
Investing Cash Flow	210.03	76.06	-246.1	-393.78	-87.8
Short-Term Debt Issued	-	27	-	220	-
Long-Term Debt Issued	2.28	-	-	-	-
Total Debt Issued	2.28	27	-	220	-
Short-Term Debt Repaid	-	-	-	-220	-5
Long-Term Debt Repaid	-27	-2.43	-2.33	-2.65	-1.85
Total Debt Repaid	-27	-2.43	-2.33	-222.65	-6.85
Net Debt Issued (Repaid)	-24.72	24.57	-2.33	-2.65	-6.85
Issuance of Common Stock	8.74	-	-	1,238	84.43
Repurchase of Common Stock	-	-15.2	-	-	-
Common Dividends Paid	-0.54	-	-	-3.83	-0.11
Other Financing Activities	-17.42	-0	-	-28.2	-3.4
Financing Cash Flow	-33.93	9.36	-2.33	1,203	74.07
Foreign Exchange Rate Adjustments	-1.55	0.43	-0.12	0.75	-1.02
Net Cash Flow	283.86	-36.18	-414.6	359.96	112.29
Free Cash Flow	97.71	-144.31	-176.06	-463.32	87.43
Free Cash Flow Growth	-	-	-	-	1819.62%
Free Cash Flow Margin	20.59%	-38.76%	-57.57%	-106.93%	15.18%
Free Cash Flow Per Share	1.19	-1.75	-2.13	-6.77	1.44
Cash Interest Paid	-	0	-	-	-
Cash Income Tax Paid	-15.37	-12.11	2.2	0.63	16.81
Levered Free Cash Flow	24.26	-326.47	-187.22	-181.77	20.97
Unlevered Free Cash Flow	24.26	-326.4	-187.11	-179.35	21.03
Change in Working Capital	168.98	-49.2	-102.12	-500.06	-32.48

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