TCL Technology 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	Dec '21 Dec 31, 2021
Net Income	4,517	1,564	2,215	261.32	10,064
Depreciation & Amortization	30,948	27,955	23,440	21,085	16,647
Other Amortization	2,325	2,627	2,149	1,613	1,280
Loss (Gain) From Sale of Assets	-3.13	-38.47	41.42	79.83	40.43
Asset Writedown & Restructuring Costs	1,402	1,234	73.85	3,543	3,025
Loss (Gain) From Sale of Investments	-3,371	-1,773	-1,356	-4,474	-4,060
Provision & Write-off of Bad Debts	76.67	-7.53	-54.86	-	-
Other Operating Activities	5,014	3,800	11,130	5,435	9,319
Change in Accounts Receivable	9,608	-1,424	-7,630	4,576	-8,678
Change in Inventory	-4,561	-2,837	-4,129	-4,644	-7,173
Change in Accounts Payable	90.61	-1,029	-906.09	-7,139	13,056
Change in Other Net Operating Assets	-1,748	-219.06	725.2	-469.91	-839.58
Operating Cash Flow	44,022	29,527	25,315	18,426	32,878
Operating Cash Flow Growth	49.09%	16.64%	37.38%	-43.96%	96.90%
Capital Expenditures	-16,278	-23,692	-29,574	-40,763	-30,855
Sale of Property, Plant & Equipment	161.11	316.32	140.31	85.5	188.9
Cash Acquisitions	-6,366	-4.45	-370.93	-50.13	-4,140
Divestitures	-	35.2	1,566	1,433	1,165
Investment in Securities	-1,347	-6,296	-15,413	-7,600	-1,671
Other Investing Activities	3,576	2,959	2,854	58.93	1,679
Investing Cash Flow	-20,254	-26,682	-40,797	-46,836	-33,633
Long-Term Debt Issued	88,709	76,661	62,891	95,402	55,873
Long-Term Debt Repaid	-100,687	-69,624	-53,877	-66,504	-49,820
Net Debt Issued (Repaid)	-11,978	7,037	9,014	28,898	6,054
Issuance of Common Stock	4,298	-	-	9,472	-
Common Dividends Paid	-6,076	-6,883	-5,893	-7,949	-6,934
Other Financing Activities	-4,492	-2,160	-1,328	979.86	13,662
Financing Cash Flow	-18,248	-2,006	1,792	31,401	12,783
Foreign Exchange Rate Adjustments	185.09	25.82	11.73	602.86	-154.63
Net Cash Flow	5,705	864.44	-13,679	3,594	11,873
Free Cash Flow	27,743	5,834	-4,260	-22,336	2,023
Free Cash Flow Growth	375.53%	-	-	-	-
Free Cash Flow Margin	15.06%	3.54%	-2.44%	-13.41%	1.24%
Free Cash Flow Per Share	1.41	0.31	-0.23	-1.44	0.13
Cash Income Tax Paid	-213.58	-674.76	-4,004	-7,105	-2,789
Levered Free Cash Flow	12,082	3,932	-15,346	-12,100	-66.47
Unlevered Free Cash Flow	15,185	7,103	-12,258	-9,293	2,534
Change in Working Capital	3,114	-5,835	-12,324	-9,117	-3,438

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