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 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	374.73	327.52	338.17	189.47	208.61
Depreciation & Amortization	115.67	115.67	108.31	92.61	68.95
Other Amortization	5.08	5.08	3.7	3.86	5.5
Loss (Gain) From Sale of Assets	-0.27	-0.27	-0.05	-0.01	-0.01
Asset Writedown & Restructuring Costs	74.65	74.65	0.03	0.01	0.02
Loss (Gain) From Sale of Investments	-11.13	-11.13	-18.21	-14.69	-11.89
Provision & Write-off of Bad Debts	-	-	61.72	93.52	36.99
Other Operating Activities	330.59	18.89	64.39	45.5	25.6
Change in Accounts Receivable	-267.17	-267.17	-398.18	-821.34	-170.05
Change in Inventory	-452.33	-452.33	-261.56	-272.45	-104.17
Change in Accounts Payable	27.73	27.73	-41.6	564.65	735.64
Change in Other Net Operating Assets	302.4	302.4	275.04	-434.46	-228.91
Operating Cash Flow	490.65	131.73	106.48	-569.93	564.79
Operating Cash Flow Growth	-	23.72%	-	-	-
Capital Expenditures	-267.08	-208	-151.98	-132.77	-397.76
Sale of Property, Plant & Equipment	0.1	0.1	-	-	0.02
Investment in Securities	-	-	1.74	-	0.55
Other Investing Activities	-359.56	247.24	157.52	-246.43	61.47
Investing Cash Flow	-626.54	39.34	7.28	-379.2	-335.71
Short-Term Debt Issued	-	-	27.65	-	-
Long-Term Debt Issued	-	116.68	-	-	-
Total Debt Issued	131.44	116.68	27.65	-	-
Long-Term Debt Repaid	-	-27.65	-	-	-
Net Debt Issued (Repaid)	103.79	89.03	27.65	-	-
Issuance of Common Stock	1,609	-	-	-	1,591
Common Dividends Paid	-1.14	-91.72	-86.83	-57.56	-171.48
Other Financing Activities	-52.48	-50.24	-50.9	-52.48	235.84
Financing Cash Flow	1,660	-52.93	-110.08	-110.04	1,655
Foreign Exchange Rate Adjustments	-0.34	-0.17	0.12	0.11	0.89
Net Cash Flow	1,523	117.97	3.79	-1,059	1,885
Free Cash Flow	223.57	-76.26	-45.51	-702.69	167.03
Free Cash Flow Margin	6.38%	-2.32%	-1.46%	-19.94%	6.63%
Free Cash Flow Per Share	0.15	-0.05	-0.03	-0.45	0.11
Cash Income Tax Paid	181.62	181.62	145.69	215.11	88.25
Levered Free Cash Flow	-	-424.17	-468.31	-339.27	-
Unlevered Free Cash Flow	-	-424.17	-465.28	-336.1	-
Change in Working Capital	-398.66	-398.66	-451.57	-980.19	231.03

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