Zhengyuan Geomatics Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-188.08	-181.8	-173.5	-33.42	28.61	48.83
Depreciation & Amortization	28.33	28.33	34.63	46.09	48.54	48.91
Other Amortization	4	4	4.18	3.02	4.54	3.63
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.17	-0.03	-0.01	-0
Asset Writedown & Restructuring Costs	12.43	12.43	0.26	0.25	0.52	0.16
Loss (Gain) From Sale of Investments	-1.68	-1.68	-2.84	-0.14	0.02	-
Provision & Write-off of Bad Debts	-	-	74.8	23.83	34.02	92.06
Other Operating Activities	150.39	90.05	27.95	39.94	66.31	31.62
Change in Accounts Receivable	158.79	158.79	-101.65	38.85	-347.3	-588.5
Change in Inventory	-9.88	-9.88	3.77	-6.33	-0.13	-1.88
Change in Accounts Payable	-89.51	-89.51	-38.02	-81.36	106.74	405.89
Operating Cash Flow	54.69	0.62	-184.58	15.18	-66.97	32.98
Operating Cash Flow Growth	-	-	-	-	-	15.45%
Capital Expenditures	-13.21	-12.53	-23.29	-17.84	-20.53	-26.99
Sale of Property, Plant & Equipment	0.22	0.22	0.05	0.08	0.07	0.06
Divestitures	-	-	-	40.34	-	-
Investment in Securities	-30.58	-20.77	-	-4	-2.45	-
Investing Cash Flow	-43.57	-33.09	-23.24	18.58	-22.91	-26.93
Long-Term Debt Issued	-	544.83	541.17	525.95	478.97	498
Total Debt Issued	661.52	544.83	541.17	525.95	478.97	498
Long-Term Debt Repaid	-	-605.11	-496.35	-549.34	-510.97	-508.68
Total Debt Repaid	-662.11	-605.11	-496.35	-549.34	-510.97	-508.68
Net Debt Issued (Repaid)	-0.6	-60.28	44.82	-23.39	-32	-10.68
Issuance of Common Stock	0.92	0.92	1.47	-	-	305.65
Common Dividends Paid	-22.35	-23.09	-26	-32.44	-38.11	-44.16
Other Financing Activities	-21.14	28.86	-2.1	-10.21	2.39	2.4
Financing Cash Flow	-43.17	-53.6	18.19	-66.04	-67.73	253.21
Net Cash Flow	-32.05	-86.06	-189.63	-32.28	-157.6	259.26
Free Cash Flow	41.48	-11.91	-207.87	-2.66	-87.5	5.99
Free Cash Flow Margin	7.98%	-2.13%	-31.45%	-0.30%	-6.65%	0.38%
Free Cash Flow Per Share	0.05	-0.01	-0.27	-0.00	-0.11	0.01
Cash Income Tax Paid	49.35	42.17	41.15	49.26	49.14	82.32
Levered Free Cash Flow	33.75	55.01	-262.33	-13.57	-244	14.75
Unlevered Free Cash Flow	33.75	55.01	-245.88	3.57	-224.53	34.73
Change in Working Capital	49.34	49.34	-149.89	-64.37	-249.52	-192.24

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