Qingdao Gaoce 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	-44.23	1,461	788.61	172.69
Depreciation & Amortization	342.15	225.29	138.33	61.9
Other Amortization	41.66	21.8	14.69	7.03
Loss (Gain) From Sale of Assets	7.2	-4.91	0.19	0
Asset Writedown & Restructuring Costs	83.3	52.49	9.49	24.37
Loss (Gain) From Sale of Investments	-28.49	-20.19	-29.74	-5.08
Provision & Write-off of Bad Debts	185.33	13.62	26.64	4.96
Other Operating Activities	91.7	71.39	91.72	40.66
Change in Accounts Receivable	-827.57	-2,439	-1,349	-908.91
Change in Inventory	855.93	-552.94	-577.43	-231.72
Change in Accounts Payable	-1,866	2,401	1,156	905.37
Change in Other Net Operating Assets	8.75	34.41	11.82	14.83
Operating Cash Flow	-1,261	1,194	224	76.5
Operating Cash Flow Growth	-	432.98%	192.82%	1903.12%
Capital Expenditures	-284.77	-297.02	-203.33	-83.15
Sale of Property, Plant & Equipment	0.51	2.61	1.43	-
Divestitures	-	-	33.8	-
Investment in Securities	1,660	-1,360	-518.1	228.6
Other Investing Activities	31.81	21.09	4.12	5.79
Investing Cash Flow	1,408	-1,633	-682.09	151.24
Short-Term Debt Issued	-	-	493.16	28.43
Long-Term Debt Issued	418.99	133.39	-	-
Total Debt Issued	418.99	133.39	493.16	28.43
Short-Term Debt Repaid	-	-	-53.56	-108.05
Long-Term Debt Repaid	-104.72	-23.57	-	-
Total Debt Repaid	-104.72	-23.57	-53.56	-108.05
Net Debt Issued (Repaid)	314.27	109.82	439.6	-79.62
Issuance of Common Stock	16.57	919.49	9.3	-
Common Dividends Paid	-365.46	-420.13	-29.58	-21.83
Dividends Paid	-365.46	-420.13	-29.58	-21.83
Other Financing Activities	-0.67	7.62	1.61	0.78
Financing Cash Flow	-35.29	616.8	420.93	-100.67
Foreign Exchange Rate Adjustments	0.06	0	0.5	-0.07
Net Cash Flow	111.08	177.27	-36.67	127
Free Cash Flow	-1,546	896.83	20.66	-6.66
Free Cash Flow Growth	-	4240.14%	-	-
Free Cash Flow Margin	-34.55%	14.50%	0.58%	-0.43%
Free Cash Flow Per Share	-2.00	1.20	0.03	-0.01
Cash Income Tax Paid	292.58	502.57	122.36	21.32
Levered Free Cash Flow	-1,450	949.43	11.12	443.65
Unlevered Free Cash Flow	-1,420	970.7	22.61	448.74
Change in Working Capital	-1,940	-626.75	-815.93	-230.03

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