Digital China Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	522.94	752.69	1,172	1,004	249.16
Depreciation & Amortization	160.32	137.45	90.82	102.89	111.89
Other Amortization	26.86	8.33	8.81	9.48	7.53
Loss (Gain) From Sale of Assets	-0.94	-4.71	-3.3	-4.57	-0.93
Asset Writedown & Restructuring Costs	325.9	395.13	121.67	-41.19	-7.63
Loss (Gain) From Sale of Investments	64.84	77.12	133.13	22.75	555.29
Provision & Write-off of Bad Debts	145.12	134.99	-28.76	54.86	162.58
Other Operating Activities	518.92	908.5	331.76	687.79	407.69
Change in Accounts Receivable	-2,020	-320.38	-2,166	-2,154	-2,707
Change in Inventory	-6,353	-444.66	323.07	2,008	-4,943
Change in Accounts Payable	4,300	990	-195.62	-839.05	6,125
Change in Other Net Operating Assets	8.97	11.01	47.51	5.66	-91.15
Operating Cash Flow	-2,426	2,505	-151.39	836.47	-156.13
Capital Expenditures	-478.78	-588.1	-407.78	-242.42	-366.31
Sale of Property, Plant & Equipment	1.14	4.07	1.88	3.6	17.62
Cash Acquisitions	-60.34	-	-447.39	-	-
Investment in Securities	-734.93	-131.63	-433.51	-124.59	1.09
Other Investing Activities	74.35	316.7	207.09	202.35	58.46
Investing Cash Flow	-1,199	-398.96	-1,080	-161.06	-289.14
Long-Term Debt Issued	24,307	25,291	22,873	22,221	18,135
Long-Term Debt Repaid	-17,482	-26,091	-18,997	-22,252	-17,971
Net Debt Issued (Repaid)	6,825	-799.91	3,876	-31.44	164.39
Issuance of Common Stock	504.06	159.12	17.08	193.54	19.12
Repurchase of Common Stock	-203.32	-101	-	-120.81	-108.45
Common Dividends Paid	-856.47	-1,296	-1,266	-904.21	-898.12
Other Financing Activities	-984.73	-1.69	-	254.26	1,850
Financing Cash Flow	5,284	-2,039	2,627	-608.66	1,027
Foreign Exchange Rate Adjustments	-44.75	50.54	42.33	63.72	-9.18
Net Cash Flow	1,615	116.89	1,438	130.46	572.49
Free Cash Flow	-2,904	1,916	-559.17	594.05	-522.44
Free Cash Flow Margin	-2.02%	1.49%	-0.47%	0.51%	-0.43%
Free Cash Flow Per Share	-4.21	2.89	-0.84	0.92	-0.81
Cash Income Tax Paid	1,032	1,126	941.84	889.09	834.4
Levered Free Cash Flow	-3,313	434.88	-2,012	-672.71	-1,032
Unlevered Free Cash Flow	-3,000	976.08	-1,699	-434.92	-776.06
Change in Working Capital	-4,190	95.06	-1,977	-999.95	-1,642

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