Dareway Software Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	64.48	64.08	81.15	61.91	103.1	91.21
Depreciation & Amortization	21.21	21.21	25.37	24.32	14.26	8.83
Other Amortization	6.98	6.98	-	-	-	-
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.03	-	-0	-0.04
Asset Writedown & Restructuring Costs	2.11	2.11	0	0.01	0	0.58
Loss (Gain) From Sale of Investments	-3.43	-3.43	-2.01	-0.15	-1.73	-2.58
Provision & Write-off of Bad Debts	22.25	22.25	13.1	13.07	9.26	9.19
Other Operating Activities	45.67	2.41	0.34	2.27	1.47	1.11
Change in Accounts Receivable	18.54	18.54	-59.14	-15.15	-56.12	-63.44
Change in Inventory	-6.42	-6.42	-15.95	-42.67	7.08	-0.51
Change in Accounts Payable	-50.59	-50.59	-43.37	-1.99	21.13	86.76
Change in Other Net Operating Assets	-	-	-	-	-	1.7
Operating Cash Flow	116.43	72.76	-6.11	39.92	95.41	127.94
Operating Cash Flow Growth	-	-	-	-58.16%	-25.42%	1024.87%
Capital Expenditures	1.48	-7.08	-56.53	-71.62	-133.84	-179.06
Sale of Property, Plant & Equipment	0	0.1	0.07	0	0.01	-
Investment in Securities	-51.01	-51.01	160.41	-270	460.3	-522.8
Other Investing Activities	-32.24	0.33	0.03	-	2.79	2.55
Investing Cash Flow	-81.77	-57.67	103.98	-341.62	329.25	-699.31
Long-Term Debt Repaid	-	-0.13	-0.13	-0.25	-0.25	-
Net Debt Issued (Repaid)	-0.13	-0.13	-0.13	-0.25	-0.25	-
Issuance of Common Stock	-	-	-	-	-	295.88
Common Dividends Paid	-26	-32	-20	-40	-40	-
Dividends Paid	-26	-32	-20	-40	-40	-
Other Financing Activities	0.13	-	-	-	-	-11.38
Financing Cash Flow	-26	-32.13	-20.13	-40.25	-40.25	284.51
Net Cash Flow	8.66	-17.03	77.74	-341.94	384.41	-286.86
Free Cash Flow	117.91	65.68	-62.64	-31.69	-38.42	-51.12
Free Cash Flow Margin	21.37%	11.84%	-11.65%	-6.98%	-6.03%	-10.32%
Free Cash Flow Per Share	0.29	0.16	-0.16	-0.08	-0.10	-0.14
Cash Income Tax Paid	32.23	34.6	26.38	37.6	14.99	5.78
Levered Free Cash Flow	35.22	-11.1	-55.7	-118.47	-117.64	8.12
Unlevered Free Cash Flow	35.22	-11.1	-55.69	-118.45	-117.64	8.12
Change in Working Capital	-42.8	-42.8	-124.05	-61.51	-30.94	19.64

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