Hangzhou Toka Ink 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	139.04	122.86	79.57	112.91
Depreciation & Amortization	34.29	35.97	31.44	34.36
Other Amortization	2.07	0.02	2.57	-
Loss (Gain) From Sale of Assets	0.23	0.5	0.05	0.2
Asset Writedown & Restructuring Costs	0.26	0.23	-	-
Loss (Gain) From Sale of Investments	-11.26	-9.12	-12.14	-21.09
Provision & Write-off of Bad Debts	1.42	1.03	0.72	0.58
Other Operating Activities	6.54	8.18	2.66	2.7
Change in Accounts Receivable	-7	-21.8	47.29	-40.7
Change in Inventory	-27.31	21.56	32.85	-46.41
Change in Accounts Payable	40.42	16.34	-39.94	76.09
Change in Other Net Operating Assets	19.16	9.09	1.34	-0.11
Operating Cash Flow	197.03	183.1	146.72	118.32
Operating Cash Flow Growth	7.60%	24.80%	24.01%	-9.72%
Capital Expenditures	-94.38	-32.86	-21.27	-18.93
Sale of Property, Plant & Equipment	0.28	0.17	0.22	0.5
Cash Acquisitions	-1.46	-39.57	-	-
Divestitures	-	-	-	18.4
Investment in Securities	160	-100	320	-215
Other Investing Activities	10.23	8.22	11.85	12.05
Investing Cash Flow	74.66	-164.04	310.81	-202.97
Short-Term Debt Issued	37.76	-	-	-
Total Debt Issued	37.76	-	-	-
Short-Term Debt Repaid	-45	-	-	-
Total Debt Repaid	-45	-	-	-
Net Debt Issued (Repaid)	-7.24	-	-	-
Issuance of Common Stock	13.62	-	0.14	-
Repurchase of Common Stock	-43	-	-	-
Common Dividends Paid	-62.75	-52.25	-64	-35.2
Other Financing Activities	-	-	-	-5.7
Financing Cash Flow	-99.37	-52.25	-63.86	-40.9
Foreign Exchange Rate Adjustments	0.19	0.14	0.29	-0.12
Net Cash Flow	172.51	-33.05	393.96	-125.67
Free Cash Flow	102.64	150.24	125.45	99.39
Free Cash Flow Growth	-31.68%	19.76%	26.22%	15.89%
Free Cash Flow Margin	8.08%	12.63%	11.01%	8.65%
Free Cash Flow Per Share	0.25	0.37	0.30	0.24
Cash Income Tax Paid	75.12	63.39	51.74	48.31
Levered Free Cash Flow	40.36	43.92	81.37	73.71
Unlevered Free Cash Flow	41.29	44.58	81.37	73.71
Change in Working Capital	24.44	23.43	41.85	-11.34

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