Bestechnic (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	460.47	123.63	122.42	407.72
Depreciation & Amortization	51.23	99.11	68.03	39.31
Other Amortization	66.1	10.65	4.96	1.72
Loss (Gain) From Sale of Assets	-0.03	0.01	-	-0.01
Asset Writedown & Restructuring Costs	-	10.56	-	4.35
Loss (Gain) From Sale of Investments	-52.37	-71.84	-86.07	-106.7
Provision & Write-off of Bad Debts	-0.29	1.41	-0.57	2.51
Other Operating Activities	17.53	57.11	39.74	9.92
Change in Accounts Receivable	28.11	-2.45	97.97	-154.89
Change in Inventory	-100.02	220.02	-464.92	-376.91
Change in Accounts Payable	42.77	7.72	-164.88	108.78
Change in Other Net Operating Assets	66.64	13.79	23.29	20.43
Operating Cash Flow	580.13	469.73	-360.02	-43.77
Operating Cash Flow Growth	23.50%	-	-	-
Capital Expenditures	-171.36	-193.73	-147.39	-138.57
Sale of Property, Plant & Equipment	-	-	-	0.01
Cash Acquisitions	-	-4.9	-6.03	-
Investment in Securities	909.31	477	801	-1,584
Other Investing Activities	55.57	72.52	90.74	92.63
Investing Cash Flow	793.52	350.89	738.32	-1,630
Short-Term Debt Issued	20	10	110	-
Total Debt Issued	20	10	110	-
Short-Term Debt Repaid	-	-120	-15.03	-30.91
Long-Term Debt Repaid	-21.65	-19.14	-17.71	-12.46
Total Debt Repaid	-21.65	-139.14	-32.74	-43.38
Net Debt Issued (Repaid)	-1.65	-129.14	77.26	-43.38
Issuance of Common Stock	32.43	4.5	-	-
Repurchase of Common Stock	-32.56	-18.46	-48.1	-
Common Dividends Paid	-112.12	-0.43	-42.11	-20.18
Other Financing Activities	4.34	0.08	-	-6.66
Financing Cash Flow	-109.57	-143.45	-12.94	-70.22
Foreign Exchange Rate Adjustments	17.4	12.68	25.24	-10.11
Net Cash Flow	1,281	689.86	390.6	-1,754
Free Cash Flow	408.78	276	-507.42	-182.34
Free Cash Flow Growth	48.10%	-	-	-
Free Cash Flow Margin	12.53%	12.68%	-34.17%	-10.33%
Free Cash Flow Per Share	2.42	1.63	-3.01	-1.08
Cash Income Tax Paid	-101.42	-46.12	-119.95	-134.08
Levered Free Cash Flow	210.33	200.87	-538.78	-336.1
Unlevered Free Cash Flow	211.11	201.56	-537.29	-335.52
Change in Working Capital	37.5	239.08	-508.54	-402.58

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