Hangzhou AGS MedTech 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	293.39	217.24	144.96	104.8
Depreciation & Amortization	8.85	6.56	6.26	4.4
Other Amortization	1.2	1.14	1.44	1.96
Loss (Gain) From Sale of Assets	0.19	0.35	0.14	0.01
Asset Writedown & Restructuring Costs	0.02	0.46	1.96	1.01
Loss (Gain) From Sale of Investments	-21.63	-2.11	7.19	-1.72
Provision & Write-off of Bad Debts	-0.5	2.15	-	-
Other Operating Activities	1.46	1.81	-11.53	4.73
Change in Accounts Receivable	9.42	-39.77	-8.19	0.08
Change in Inventory	-13.61	-12.67	-1.28	-22.19
Change in Accounts Payable	32.44	45.44	15.7	25.06
Change in Other Net Operating Assets	3.91	2.4	-	-
Operating Cash Flow	315.8	221.45	156.38	118.25
Operating Cash Flow Growth	42.60%	41.61%	32.24%	121.61%
Capital Expenditures	-49.6	-51.57	-60.12	-15.66
Sale of Property, Plant & Equipment	0.04	0.08	0.03	0
Investment in Securities	-1,081	-25.3	-55	-
Other Investing Activities	-	-	-3.51	0.37
Investing Cash Flow	-1,130	-76.79	-118.6	-15.29
Long-Term Debt Repaid	-0.85	-1.18	-1.52	-0.67
Total Debt Repaid	-0.85	-1.18	-1.52	-0.67
Net Debt Issued (Repaid)	-0.85	-1.18	-1.52	-0.67
Issuance of Common Stock	5.87	1,820	-	-
Repurchase of Common Stock	-30.97	-	-	-
Common Dividends Paid	-83.33	-43.98	-35.95	-49.05
Other Financing Activities	-	-177.6	-1.15	-
Financing Cash Flow	-109.28	1,598	-38.62	-49.72
Foreign Exchange Rate Adjustments	0.32	0.65	9.45	-4.75
Net Cash Flow	-923.51	1,743	8.62	48.5
Free Cash Flow	266.19	169.88	96.26	102.59
Free Cash Flow Growth	56.70%	76.48%	-6.17%	308.62%
Free Cash Flow Margin	41.81%	33.39%	25.94%	33.59%
Free Cash Flow Per Share	3.30	2.34	1.58	1.69
Cash Income Tax Paid	72.45	42.18	19.73	17.57
Levered Free Cash Flow	159.65	79.69	56.73	68.87
Unlevered Free Cash Flow	159.65	79.69	56.73	68.87
Change in Working Capital	32.83	-6.15	5.96	3.07

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