Vontron Technology 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	220.55	197.68	164.74	144.97	121.38
Depreciation & Amortization	105.12	94.92	87.29	70.95	71.21
Other Amortization	1.16	0.94	0.67	0.23	0.43
Loss (Gain) From Sale of Assets	-0.26	0.24	1.52	0.15	0.39
Asset Writedown & Restructuring Costs	-	-	2.09	-	-
Loss (Gain) From Sale of Investments	-9.62	-8.42	-10.16	-9.93	-13
Provision & Write-off of Bad Debts	-0.01	0.06	-0	1.69	1.63
Other Operating Activities	10.05	3.23	16.5	23.73	34.41
Change in Accounts Receivable	-138.06	-138.39	-25.49	-16.05	48.29
Change in Inventory	51.01	-42.89	19.88	-56.32	-12.75
Change in Accounts Payable	37.49	201.69	-81.3	126.36	-14.9
Change in Other Net Operating Assets	24.73	3.61	1.12	-	-
Operating Cash Flow	299.29	307.59	176.54	281.8	236.32
Operating Cash Flow Growth	-2.70%	74.23%	-37.35%	19.24%	30.99%
Capital Expenditures	-37.13	-106.13	-71.09	-108.35	-94.25
Sale of Property, Plant & Equipment	0.47	0.24	0.14	0.46	1.64
Investment in Securities	-0.3	13.77	19.21	19.73	0.39
Other Investing Activities	7.5	11.55	7.76	10.63	-8.82
Investing Cash Flow	-29.47	-80.56	-43.98	-77.53	-99.03
Long-Term Debt Issued	-	-	-	15	89.5
Total Debt Issued	-	-	-	15	89.5
Long-Term Debt Repaid	-	-	-400	-159.5	-60
Total Debt Repaid	-	-	-400	-159.5	-60
Net Debt Issued (Repaid)	-	-	-400	-144.5	29.5
Issuance of Common Stock	-	-	-	402.78	-
Common Dividends Paid	-97.83	-81.76	-67.28	-68.79	-62.94
Other Financing Activities	-6.13	48	-6.13	-8.99	-13.44
Financing Cash Flow	-103.96	-33.76	-473.41	180.51	-46.88
Foreign Exchange Rate Adjustments	0.49	4.04	0.36	6.57	-1.57
Net Cash Flow	166.35	197.32	-340.48	391.36	88.85
Free Cash Flow	262.16	201.47	105.45	173.45	142.08
Free Cash Flow Growth	30.12%	91.06%	-39.20%	22.08%	15.06%
Free Cash Flow Margin	12.97%	11.55%	6.18%	11.87%	10.29%
Free Cash Flow Per Share	0.56	0.43	0.22	0.41	0.34
Cash Income Tax Paid	119.11	35.63	83.49	31.29	74.31
Levered Free Cash Flow	208.37	138.69	37.87	-100.65	113.86
Unlevered Free Cash Flow	208.37	138.87	41.59	-88.27	129
Change in Working Capital	-27.69	18.94	-86.12	50.01	19.88

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