Linkage Software Co., LTD 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	124.29	86.53	141.19	145.99
Depreciation & Amortization	28.88	16.58	14.75	14.53
Other Amortization	4.15	0.83	0.69	0.48
Loss (Gain) From Sale of Assets	-0.02	-0.01	0	-0.01
Asset Writedown & Restructuring Costs	-2.3	-7.44	-22.74	-
Loss (Gain) From Sale of Investments	-26.15	3.33	-7.29	-53.65
Provision & Write-off of Bad Debts	2.37	0.97	0.65	0.4
Other Operating Activities	28.47	5.57	18.28	32.25
Change in Accounts Receivable	1.22	24.48	-24.06	-20.63
Change in Inventory	-1.17	0.03	-0	2.2
Change in Accounts Payable	45.35	-10.5	20.23	2.13
Operating Cash Flow	201.32	120.83	138.81	126.98
Operating Cash Flow Growth	66.62%	-12.95%	9.31%	-25.00%
Capital Expenditures	-138.56	-7.04	-10.01	-10.77
Sale of Property, Plant & Equipment	0.03	0.01	0.04	0.06
Cash Acquisitions	-0.95	-34.96	-2.23	-17.74
Divestitures	104.77	-	-	-
Investment in Securities	-130.62	166.81	-36.78	58.27
Other Investing Activities	17.03	16.09	49.15	27.45
Investing Cash Flow	-148.3	140.92	0.17	57.27
Short-Term Debt Issued	347.56	205.56	-	-
Total Debt Issued	347.56	205.56	-	-
Short-Term Debt Repaid	-233.03	-	-	-
Long-Term Debt Repaid	-19.62	-6.61	-6.6	-5.06
Total Debt Repaid	-252.65	-6.61	-6.6	-5.06
Net Debt Issued (Repaid)	94.9	198.95	-6.6	-5.06
Repurchase of Common Stock	-	-130.11	-	-
Common Dividends Paid	-84.42	-79.89	-80	-80
Dividends Paid	-84.42	-79.89	-80	-80
Financing Cash Flow	10.49	-11.05	-86.6	-85.06
Foreign Exchange Rate Adjustments	-46.05	-10.31	-21.82	-40.85
Net Cash Flow	17.45	240.39	30.56	58.34
Free Cash Flow	62.76	113.79	128.8	116.21
Free Cash Flow Growth	-44.85%	-11.65%	10.83%	-27.16%
Free Cash Flow Margin	5.63%	16.34%	19.68%	17.81%
Free Cash Flow Per Share	0.16	0.29	0.32	0.29
Cash Income Tax Paid	110.91	71.83	63.39	76.22
Levered Free Cash Flow	14.19	112.66	75.55	86.39
Unlevered Free Cash Flow	18.53	113.08	75.79	86.59
Change in Working Capital	41.62	14.46	-6.74	-13

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