APT Medical 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	673.15	533.92	358.02	207.92
Depreciation & Amortization	86.71	64.84	48.26	33.44
Other Amortization	4.33	3.06	3.22	1.11
Loss (Gain) From Sale of Assets	-0.25	-10.81	-0.06	-0.02
Asset Writedown & Restructuring Costs	0.83	3.97	10.68	3.57
Loss (Gain) From Sale of Investments	3.53	-23.13	-21.09	-32.82
Provision & Write-off of Bad Debts	2.22	-0.18	0.79	-0.51
Other Operating Activities	0.3	0.91	-13.45	-3.88
Change in Accounts Receivable	-74.73	20	-23.17	4.3
Change in Inventory	-79.29	11.22	-72.59	-124.21
Change in Accounts Payable	134.47	68.9	61.71	82.51
Change in Other Net Operating Assets	7.24	21.28	14.19	18.17
Operating Cash Flow	743.39	689.06	367.46	181.39
Operating Cash Flow Growth	7.89%	87.52%	102.58%	22.36%
Capital Expenditures	-650.24	-202.03	-143.21	-167.38
Sale of Property, Plant & Equipment	0.6	12.67	0.23	0.04
Cash Acquisitions	-	-46.37	-	-
Investment in Securities	23.84	797.82	-39.16	-947.7
Other Investing Activities	8.01	19.82	47.61	4.93
Investing Cash Flow	-617.79	581.9	-134.53	-1,110
Short-Term Debt Issued	12.5	-	-	-
Long-Term Debt Issued	-	70	82.6	23.5
Total Debt Issued	12.5	70	82.6	23.5
Short-Term Debt Repaid	-5.04	-	-	-
Long-Term Debt Repaid	-82.74	-49.62	-84.16	-35.72
Total Debt Repaid	-87.78	-49.62	-84.16	-35.72
Net Debt Issued (Repaid)	-75.28	20.38	-1.56	-12.22
Issuance of Common Stock	78.53	34.67	-	1,199
Repurchase of Common Stock	-	-	-59.99	-
Common Dividends Paid	-133.97	-112.22	-69.01	-33.19
Other Financing Activities	-177.18	-189.18	-164.04	-34.54
Financing Cash Flow	-307.9	-246.36	-294.6	1,119
Foreign Exchange Rate Adjustments	-13	2.84	0.96	-1.02
Net Cash Flow	-195.3	1,027	-60.71	189.32
Free Cash Flow	93.15	487.03	224.25	14.01
Free Cash Flow Growth	-80.88%	117.18%	1500.56%	-86.53%
Free Cash Flow Margin	4.51%	29.51%	18.44%	1.69%
Free Cash Flow Per Share	0.66	3.44	1.58	0.10
Cash Income Tax Paid	250.68	203.93	146.02	78.34
Levered Free Cash Flow	-330.49	353.19	263.62	-35.72
Unlevered Free Cash Flow	-329.24	355.49	264.53	-34.7
Change in Working Capital	-27.44	116.49	-18.92	-27.44

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