Shanghai GenTech 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	527.75	401.34	258.77	168.4
Depreciation & Amortization	100.65	75.79	54.54	43.72
Other Amortization	21.06	12.39	3.65	0.98
Loss (Gain) From Sale of Assets	4.44	-0.03	0.01	-0.13
Asset Writedown & Restructuring Costs	19.72	-53.62	-25.54	-6.79
Loss (Gain) From Sale of Investments	4.72	-2.98	-0.86	-2.32
Provision & Write-off of Bad Debts	81.37	65.79	32.28	15.26
Other Operating Activities	79.21	34.36	16.82	-4.89
Change in Accounts Receivable	-385.72	-903.09	-595.71	-206.15
Change in Inventory	395.17	-1,388	-927.5	-427.93
Change in Accounts Payable	-490.98	1,825	964.6	386.76
Change in Other Net Operating Assets	49.35	55.88	52.96	17.54
Operating Cash Flow	398.81	115.54	-162.33	-19.64
Operating Cash Flow Growth	245.17%	-	-	-
Capital Expenditures	-424.04	-360.18	-259.63	-187.16
Sale of Property, Plant & Equipment	0.66	2.25	0	1.2
Cash Acquisitions	-27.75	-27.63	-	-
Divestitures	4.92	-	-	-
Investment in Securities	13.48	-30.16	-83.94	-39.49
Other Investing Activities	22.71	25.93	14.02	9.15
Investing Cash Flow	-410.03	-389.78	-329.55	-216.3
Long-Term Debt Issued	1,080	557.14	1,036	80
Total Debt Issued	1,080	557.14	1,036	80
Short-Term Debt Repaid	-5.9	-	-	-
Long-Term Debt Repaid	-486.68	-1,036	-140.57	-9.83
Total Debt Repaid	-492.58	-1,036	-140.57	-9.83
Net Debt Issued (Repaid)	587.53	-479.31	895.08	70.17
Issuance of Common Stock	201.14	145.84	330.82	-
Repurchase of Common Stock	-80.15	-	-80	-
Common Dividends Paid	-105.33	-24.96	-47.36	-26.32
Dividends Paid	-105.33	-24.96	-47.36	-26.32
Other Financing Activities	-30.89	21.87	-0.93	14.3
Financing Cash Flow	572.3	-336.56	1,098	58.15
Foreign Exchange Rate Adjustments	-0.91	-3.61	-1.84	-0.93
Net Cash Flow	560.16	-614.41	603.9	-178.72
Free Cash Flow	-25.23	-244.64	-421.95	-206.8
Free Cash Flow Margin	-0.46%	-6.38%	-15.60%	-11.26%
Free Cash Flow Per Share	-0.09	-0.87	-1.60	-0.80
Cash Income Tax Paid	133.08	110.71	53.99	67.64
Levered Free Cash Flow	81.36	-408.31	-483.88	-265.34
Unlevered Free Cash Flow	101.05	-392.1	-472.47	-263.04
Change in Working Capital	-440.1	-417.49	-502	-233.87

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