GCH Technology 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	250.27	226.13	195.2	157.03
Depreciation & Amortization	24.2	21.7	14.67	12.1
Other Amortization	1.93	1.71	1.33	1.21
Loss (Gain) From Sale of Assets	0.13	0.35	-0	-0.11
Asset Writedown & Restructuring Costs	-	-	0.01	0.07
Loss (Gain) From Sale of Investments	-6.81	-3.67	-19.69	-5.38
Provision & Write-off of Bad Debts	3.69	-1.12	2.59	2.4
Other Operating Activities	-26.66	-19.32	-10.93	2.64
Change in Accounts Receivable	-111.71	-115.29	-98.11	-41.81
Change in Inventory	-2.1	-7.85	-12.79	-15.47
Change in Accounts Payable	12.85	54.9	221.44	177.39
Operating Cash Flow	144.61	159.06	296.35	289.92
Operating Cash Flow Growth	-9.08%	-46.33%	2.22%	235.68%
Capital Expenditures	-110.66	-114.94	-75.63	-69.33
Sale of Property, Plant & Equipment	0.3	4.22	0.03	0.15
Cash Acquisitions	-16.2	-48.69	-	-
Investment in Securities	103.55	-362	-1,057	-364.3
Other Investing Activities	23.33	44.69	9.79	-
Investing Cash Flow	0.32	-476.71	-1,123	-433.48
Short-Term Debt Issued	1,393	1,509	1,072	20.93
Total Debt Issued	1,393	1,509	1,072	20.93
Short-Term Debt Repaid	-1,509	-781.85	-207.7	-60.93
Long-Term Debt Repaid	-4.74	-5.68	-5.1	-1.52
Total Debt Repaid	-1,514	-787.52	-212.8	-62.45
Net Debt Issued (Repaid)	-121.05	721.79	858.79	-41.52
Issuance of Common Stock	-	95.06	-	507.39
Repurchase of Common Stock	-76.18	-23.82	-	-
Common Dividends Paid	-121.49	-102.23	-71.78	-40.39
Dividends Paid	-121.49	-102.23	-71.78	-40.39
Other Financing Activities	-0.83	-13.41	-1.17	-17.29
Financing Cash Flow	-319.54	677.4	785.84	408.19
Foreign Exchange Rate Adjustments	2.77	0.32	0.37	-0.65
Net Cash Flow	-171.84	360.06	-40.26	263.97
Free Cash Flow	33.96	44.12	220.72	220.59
Free Cash Flow Growth	-23.04%	-80.01%	0.06%	175.86%
Free Cash Flow Margin	3.85%	5.52%	31.76%	38.28%
Free Cash Flow Per Share	0.18	0.23	1.18	1.35
Cash Income Tax Paid	98.57	99.32	76.95	50.56
Levered Free Cash Flow	-62.16	69.09	140.97	189.03
Unlevered Free Cash Flow	-47.06	84.74	148.06	189.84
Change in Working Capital	-102.13	-66.72	113.17	119.98

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