SINOTECH Company 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	-56.02	-26.21	42.32	-87.27	10.41
Depreciation & Amortization	65.62	53.66	32.91	26.84	23.69
Other Amortization	3.22	3.26	1.29	0.51	0.2
Loss (Gain) From Sale of Assets	-0.36	-3.63	-0.01	-	-
Asset Writedown & Restructuring Costs	25.7	1.64	0.13	3.1	5.12
Loss (Gain) From Sale of Investments	1.47	-15.84	-13.12	-14.89	-0.19
Provision & Write-off of Bad Debts	-	-0.09	-0.98	-2	4.01
Other Operating Activities	25.05	35.75	18.21	32.54	14.76
Change in Accounts Receivable	-90.72	11.69	-394.11	253.54	390.53
Change in Inventory	-128.96	-4.94	-94.32	-124.41	57.3
Change in Accounts Payable	-417.52	-183.16	34.95	-107.72	-280.89
Change in Other Net Operating Assets	13.46	-11.24	18.17	-8.91	-7.62
Operating Cash Flow	-577.04	-156.88	-360.85	-53.83	207.27
Capital Expenditures	-254.95	-134.91	-69.93	-151.23	-98.76
Sale of Property, Plant & Equipment	0.02	0.26	0.21	0	0.05
Cash Acquisitions	0	-11.97	-	-	-
Investment in Securities	420.13	111.76	395.01	-55	-380
Other Investing Activities	21.58	5.52	-521.88	14.26	-
Investing Cash Flow	186.79	-29.33	-196.59	-191.97	-478.7
Long-Term Debt Issued	919.8	439.7	223.92	70	374.12
Total Debt Issued	919.8	439.7	223.92	70	374.12
Short-Term Debt Repaid	-	-	-	-	-0.5
Long-Term Debt Repaid	-460.73	-234.24	-10.22	-171.03	-707.65
Total Debt Repaid	-460.73	-234.24	-10.22	-171.03	-708.15
Net Debt Issued (Repaid)	459.07	205.46	213.7	-101.03	-334.03
Issuance of Common Stock	-	-	-	-	1,434
Repurchase of Common Stock	-	-33	-22	-	-
Common Dividends Paid	-19.23	-8.15	-2.99	-28.61	-16.2
Dividends Paid	-19.23	-8.15	-2.99	-28.61	-16.2
Other Financing Activities	65.34	3	-	-	-33.21
Financing Cash Flow	505.18	167.3	188.71	-129.64	1,051
Foreign Exchange Rate Adjustments	-0.09	-0.05	0.12	-0	-0.02
Net Cash Flow	114.84	-18.95	-368.62	-375.44	779.4
Free Cash Flow	-831.98	-291.79	-430.78	-205.06	108.52
Free Cash Flow Margin	-47.10%	-18.65%	-27.90%	-45.83%	11.28%
Free Cash Flow Per Share	-6.93	-2.45	-3.56	-1.70	1.12
Cash Income Tax Paid	9.42	-8.48	27.34	-23.55	42.51
Levered Free Cash Flow	-312.94	6.69	-394.61	-57.29	118.22
Unlevered Free Cash Flow	-312.94	14.36	-390.55	-54.6	127.67
Change in Working Capital	-641.71	-205.43	-441.59	-12.65	149.28

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