Macmic Science&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	-14.47	116.19	78.71	68.83
Depreciation & Amortization	60.31	37.55	22.96	12.99
Other Amortization	1.25	0.04	0.06	0.31
Loss (Gain) From Sale of Assets	0.64	-4.06	-	-0.26
Asset Writedown & Restructuring Costs	8.61	-0	0.03	0.22
Loss (Gain) From Sale of Investments	4.95	4.43	-9.44	-1.7
Stock-Based Compensation	-5.19	28.47	-	-
Provision & Write-off of Bad Debts	2.72	11.3	6.65	4.44
Other Operating Activities	45.11	24.34	11.21	2.13
Change in Accounts Receivable	-143.81	-339.15	-210.55	-194.09
Change in Inventory	27.74	-236.38	-87.95	-47.17
Change in Accounts Payable	152.71	221.75	98.65	81.59
Change in Other Net Operating Assets	-	-	8.96	-
Operating Cash Flow	122.02	-147.65	-81.39	-74.07
Capital Expenditures	-115.83	-206.21	-129.91	-48.41
Sale of Property, Plant & Equipment	0.75	2.94	-	0.59
Cash Acquisitions	-	-61.97	-	-
Divestitures	-	-	-1.86	1.2
Investment in Securities	-14.09	-46.03	-80.47	-173.5
Other Investing Activities	4.16	5.94	9.26	0.7
Investing Cash Flow	-125.02	-305.33	-202.99	-219.42
Long-Term Debt Issued	369.11	761.94	285.78	153.29
Total Debt Issued	369.11	761.94	285.78	153.29
Long-Term Debt Repaid	-393.6	-306.21	-79.42	-171.1
Total Debt Repaid	-393.6	-306.21	-79.42	-171.1
Net Debt Issued (Repaid)	-24.48	455.72	206.35	-17.8
Issuance of Common Stock	-	11.91	-	596.8
Repurchase of Common Stock	-35.12	-	-	-
Common Dividends Paid	-24.77	-19.47	-33.41	-1.52
Dividends Paid	-24.77	-19.47	-33.41	-1.52
Other Financing Activities	95.4	8.28	11.45	-17.85
Financing Cash Flow	11.03	456.44	184.4	559.62
Foreign Exchange Rate Adjustments	-2.01	-1.91	2.42	-0.24
Net Cash Flow	6.03	1.54	-97.56	265.88
Free Cash Flow	6.19	-353.86	-211.31	-122.48
Free Cash Flow Margin	0.46%	-23.52%	-22.82%	-22.24%
Free Cash Flow Per Share	0.03	-1.67	-0.99	-0.69
Cash Income Tax Paid	12.5	-32.18	1.83	2.36
Levered Free Cash Flow	0.54	-263.96	-218.24	-66.79
Unlevered Free Cash Flow	19.41	-250.72	-214.11	-64.94
Change in Working Capital	18.1	-365.91	-191.57	-161.04

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