Bestechnic (Shanghai) Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	594	460.47	123.63	122.42	407.72
Depreciation & Amortization	50.65	107.01	99.11	68.03	39.31
Other Amortization	63.04	9.56	10.65	4.96	1.72
Loss (Gain) From Sale of Assets	-0.19	-0.03	0.01	-	-0.01
Asset Writedown & Restructuring Costs	-	-	10.56	-	4.35
Loss (Gain) From Sale of Investments	-59.44	-52.37	-71.84	-86.07	-106.7
Provision & Write-off of Bad Debts	-0.01	-0.29	1.41	-0.57	2.51
Other Operating Activities	58.07	18.29	57.11	39.74	9.92
Change in Accounts Receivable	-230.85	28.11	-2.45	97.97	-154.89
Change in Inventory	-183.49	-100.02	220.02	-464.92	-376.91
Change in Accounts Payable	119.1	42.77	7.72	-164.88	108.78
Change in Other Net Operating Assets	35.85	66.64	13.79	23.29	20.43
Operating Cash Flow	446.74	580.13	469.73	-360.02	-43.77
Operating Cash Flow Growth	-22.99%	23.50%	-	-	-
Capital Expenditures	-156.5	-171.36	-193.73	-147.39	-138.57
Sale of Property, Plant & Equipment	0	-	-	-	0.01
Cash Acquisitions	-	-	-4.9	-6.03	-
Investment in Securities	-473.16	909.31	477	801	-1,584
Other Investing Activities	53.38	55.57	72.52	90.74	92.63
Investing Cash Flow	-576.28	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	-20	-	-120	-15.03	-30.91
Long-Term Debt Repaid	-21.38	-21.65	-19.14	-17.71	-12.46
Total Debt Repaid	-41.38	-21.65	-139.14	-32.74	-43.38
Net Debt Issued (Repaid)	-41.38	-1.65	-129.14	77.26	-43.38
Issuance of Common Stock	63.02	32.43	4.5	-	-
Repurchase of Common Stock	-	-32.56	-18.46	-48.1	-
Common Dividends Paid	-146.05	-108.12	-0.43	-42.11	-20.18
Other Financing Activities	2.32	0.34	0.08	-	-6.66
Financing Cash Flow	-122.1	-109.57	-143.45	-12.94	-70.22
Foreign Exchange Rate Adjustments	-28.94	17.4	12.68	25.24	-10.11
Net Cash Flow	-280.58	1,281	689.86	390.6	-1,754
Free Cash Flow	290.24	408.78	276	-507.42	-182.34
Free Cash Flow Growth	-29.00%	48.10%	-	-	-
Free Cash Flow Margin	8.23%	12.53%	12.68%	-34.17%	-10.33%
Free Cash Flow Per Share	1.72	2.42	1.63	-3.01	-1.08
Cash Income Tax Paid	-53.66	-101.42	-46.12	-119.95	-134.08
Levered Free Cash Flow	12.32	153.34	200.87	-538.78	-336.1
Unlevered Free Cash Flow	12.96	154.12	201.56	-537.29	-335.52
Change in Working Capital	-259.38	37.5	239.08	-508.54	-402.58

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