Shenzhen Longtu Photomask 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	56.09	91.83	83.61	64.48	41.16
Depreciation & Amortization	35.36	17.89	17.7	12.54	6.43
Other Amortization	0.43	1.27	0.61	0.62	0.33
Loss (Gain) From Sale of Assets	-0	-	0	0.02	-
Asset Writedown & Restructuring Costs	2.38	0	0.15	0.01	0.56
Loss (Gain) From Sale of Investments	-0.24	-0.66	-	-0.54	-
Provision & Write-off of Bad Debts	-	0.25	0.34	0.63	0.61
Other Operating Activities	1.68	1.15	0.6	1.22	1.44
Change in Accounts Receivable	-5.14	-9.68	-15.14	-23.14	-20.13
Change in Inventory	-4.43	-3.06	-0.69	-3.05	-3.2
Change in Accounts Payable	-1.04	3.89	10.63	14.71	18.07
Change in Other Net Operating Assets	4.65	10.57	4.98	3.09	1.14
Operating Cash Flow	80.27	109.23	101.48	71.16	45.98
Operating Cash Flow Growth	-26.52%	7.64%	42.61%	54.77%	219.47%
Capital Expenditures	-372.37	-490.69	-131.35	-117.68	-52.21
Sale of Property, Plant & Equipment	0.01	-	0.01	0.04	-
Investment in Securities	220	-330	-	-	-
Other Investing Activities	2.33	0.3	-	0.54	-
Investing Cash Flow	-150.04	-820.39	-131.34	-117.1	-52.21
Short-Term Debt Issued	-	71.37	-	-	20.6
Long-Term Debt Issued	254.57	-	-	-	-
Total Debt Issued	254.57	71.37	-	-	20.6
Short-Term Debt Repaid	-	-69.44	-	-28.28	-1.29
Long-Term Debt Repaid	-1.69	-1.34	-1.33	-1.14	-0.76
Total Debt Repaid	-1.69	-70.78	-1.33	-29.42	-2.05
Net Debt Issued (Repaid)	252.88	0.58	-1.33	-29.42	18.55
Issuance of Common Stock	-	577.44	-	300	6.2
Common Dividends Paid	-54.79	-0.25	-	-0.34	-0.12
Other Financing Activities	-1.82	-23.78	-2.66	5.2	-6.62
Financing Cash Flow	196.26	553.99	-3.99	275.44	18
Foreign Exchange Rate Adjustments	-0.01	-0	-0.03	-0.03	-0.11
Net Cash Flow	126.49	-157.17	-33.88	229.47	11.66
Free Cash Flow	-292.1	-381.46	-29.87	-46.52	-6.24
Free Cash Flow Margin	-118.42%	-154.75%	-13.68%	-28.80%	-5.49%
Free Cash Flow Per Share	-2.19	-3.45	-0.30	-0.48	-0.29
Cash Income Tax Paid	31.37	30.97	27.71	9.75	7.24
Levered Free Cash Flow	-413.57	-441.91	-43.4	-98.75	-17.52
Unlevered Free Cash Flow	-413.57	-441.87	-43.4	-98.24	-16.95
Change in Working Capital	-15.43	-2.5	-1.53	-7.82	-4.56

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