CETC Lantian Technology Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	346.41	338.17	189.47	208.61
Depreciation & Amortization	191.08	108.31	92.61	68.95
Other Amortization	4.71	3.7	3.86	5.5
Loss (Gain) From Sale of Assets	-0.05	-0.05	-0.01	-0.01
Asset Writedown & Restructuring Costs	0.03	0.03	0.01	0.02
Loss (Gain) From Sale of Investments	-18.21	-18.21	-14.69	-11.89
Provision & Write-off of Bad Debts	61.72	61.72	93.52	36.99
Other Operating Activities	-331.71	64.39	45.5	25.6
Change in Accounts Receivable	-398.18	-398.18	-821.34	-170.05
Change in Inventory	-261.56	-261.56	-272.45	-104.17
Change in Accounts Payable	-41.6	-41.6	564.65	735.64
Change in Other Net Operating Assets	275.04	275.04	-434.46	-228.91
Operating Cash Flow	-197.6	106.48	-569.93	564.79
Capital Expenditures	-238.81	-151.98	-132.77	-397.76
Sale of Property, Plant & Equipment	-	-	-	0.02
Investment in Securities	-	1.74	-	0.55
Other Investing Activities	190.63	157.52	-246.43	61.47
Investing Cash Flow	-48.18	7.28	-379.2	-335.71
Short-Term Debt Issued	-	27.65	-	-
Total Debt Issued	81.03	27.65	-	-
Net Debt Issued (Repaid)	81.03	27.65	-	-
Issuance of Common Stock	-	-	-	1,591
Common Dividends Paid	-134.67	-86.83	-57.56	-171.48
Other Financing Activities	-13.64	-50.9	-52.48	235.84
Financing Cash Flow	-67.27	-110.08	-110.04	1,655
Foreign Exchange Rate Adjustments	-0.06	0.12	0.11	0.89
Net Cash Flow	-313.11	3.79	-1,059	1,885
Free Cash Flow	-436.41	-45.51	-702.69	167.03
Free Cash Flow Margin	-13.54%	-1.46%	-19.94%	6.63%
Free Cash Flow Per Share	-0.28	-0.03	-0.45	0.11
Cash Income Tax Paid	192.73	145.69	215.11	88.25
Levered Free Cash Flow	-	-468.31	-339.27	-
Unlevered Free Cash Flow	-	-465.28	-336.1	-
Change in Working Capital	-451.57	-451.57	-980.19	231.03

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