Wafer Works (Shanghai) 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	120.78	246.86	364.89	211.85
Depreciation & Amortization	274.3	252.63	234.72	189.49
Other Amortization	2.45	0.6	0.63	0.5
Loss (Gain) From Sale of Assets	0.97	0.52	-0	-0.24
Asset Writedown & Restructuring Costs	1.2	-	4.58	-
Loss (Gain) From Sale of Investments	-0.21	-	-	-
Provision & Write-off of Bad Debts	0.12	-0.17	0.46	0.08
Other Operating Activities	23.42	42.01	49.12	50.59
Change in Accounts Receivable	-23.7	143.1	82.26	-118.53
Change in Inventory	12.52	-8.86	-105.46	-46.49
Change in Accounts Payable	33.04	-93.32	121.94	66.68
Operating Cash Flow	448.23	578.37	755.6	354.4
Operating Cash Flow Growth	-22.50%	-23.46%	113.20%	53.97%
Capital Expenditures	-328.3	-372.53	-265.91	-312.02
Sale of Property, Plant & Equipment	0.55	7.75	0.02	2.93
Other Investing Activities	0.21	-	-	-
Investing Cash Flow	-327.53	-364.78	-265.89	-309.09
Long-Term Debt Issued	10	206.1	310.89	804.46
Long-Term Debt Repaid	-470.56	-357.95	-666.01	-934.37
Net Debt Issued (Repaid)	-460.56	-151.85	-355.11	-129.91
Issuance of Common Stock	1,421	-	-	220
Common Dividends Paid	-219.53	-99.28	-93.56	-36.59
Other Financing Activities	-16.2	-6.24	-3.21	-29.85
Financing Cash Flow	724.41	-257.37	-451.89	23.65
Foreign Exchange Rate Adjustments	10.28	13.16	40.8	-6.51
Net Cash Flow	855.39	-30.63	78.62	62.46
Free Cash Flow	119.94	205.84	489.69	42.39
Free Cash Flow Growth	-41.73%	-57.97%	1055.25%	-
Free Cash Flow Margin	10.82%	15.27%	31.46%	3.19%
Free Cash Flow Per Share	0.18	0.34	0.82	0.07
Cash Income Tax Paid	-25.61	-9.81	-111.07	-5.47
Levered Free Cash Flow	15.88	32.71	323.88	-98.92
Unlevered Free Cash Flow	29	58.9	352.25	-74.09
Change in Working Capital	25.2	35.91	101.2	-97.87

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