Tianma Microelectronics 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	167.38	-668.58	-2,098	111.69	-34.39
Depreciation & Amortization	5,241	5,335	4,414	3,536	3,486
Other Amortization	610.5	577.46	561.97	542.92	745.12
Loss (Gain) From Sale of Assets	-0.6	-2.53	-464.43	-95.15	-8.69
Asset Writedown & Restructuring Costs	20.29	125.66	28.51	2.6	483.29
Loss (Gain) From Sale of Investments	402.85	240.03	351.61	92.8	9.7
Provision & Write-off of Bad Debts	-8.51	23.48	15.34	442.1	-11.31
Other Operating Activities	1,124	1,380	1,520	834.35	954.28
Change in Accounts Receivable	-376.41	-2,677	-1,831	528.38	-1,585
Change in Inventory	-787.44	-802.74	688.99	-1,149	-752.97
Change in Accounts Payable	515.55	2,018	687.03	-955.49	389.32
Operating Cash Flow	6,988	5,752	3,958	3,913	3,288
Operating Cash Flow Growth	21.49%	45.33%	1.15%	18.98%	-50.75%
Capital Expenditures	-2,254	-3,014	-4,403	-2,807	-4,337
Sale of Property, Plant & Equipment	33.13	68.26	771.55	481.29	5.8
Investment in Securities	-347.31	-1,440	-1,818	-1,195	-1,890
Other Investing Activities	3.11	5.17	21.64	54.2	4.56
Investing Cash Flow	-2,565	-4,381	-5,428	-3,467	-6,216
Long-Term Debt Issued	9,072	7,700	14,354	17,918	16,536
Short-Term Debt Repaid	-	-	-	-	-501.07
Long-Term Debt Repaid	-14,245	-11,045	-13,376	-12,521	-12,337
Total Debt Repaid	-14,245	-11,045	-13,376	-12,521	-12,838
Net Debt Issued (Repaid)	-5,173	-3,344	977.56	5,397	3,699
Repurchase of Common Stock	-172.56	-	-	-	-
Common Dividends Paid	-873.65	-1,048	-1,142	-1,298	-1,264
Other Financing Activities	383.33	910.42	848.33	202.92	-
Financing Cash Flow	-5,836	-3,482	683.77	4,302	2,434
Foreign Exchange Rate Adjustments	-6.87	51.03	22.51	274.48	-96.72
Net Cash Flow	-1,420	-2,060	-764.32	5,022	-590.39
Free Cash Flow	4,734	2,738	-445.79	1,105	-1,048
Free Cash Flow Growth	72.91%	-	-	-	-
Free Cash Flow Margin	13.07%	8.17%	-1.38%	3.52%	-3.10%
Free Cash Flow Per Share	1.93	1.11	-0.18	0.45	-0.43
Cash Income Tax Paid	-590.24	-673.55	-1,121	-821.35	-490.79
Levered Free Cash Flow	3,203	1,478	-991.73	875.35	-2,861
Unlevered Free Cash Flow	3,688	2,131	-333.08	1,433	-2,409
Change in Working Capital	-567.96	-1,259	-371.98	-1,555	-2,336

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