OK Science and 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	Jan '22 Jan 1, 2022
Net Income	44.15	34.29	113.93	183.22	228.63
Depreciation & Amortization	57.07	37.92	23.1	20.39	11.3
Other Amortization	1.33	0.62	0.21	0.21	0.21
Loss (Gain) From Sale of Assets	0.56	-	-	-	-
Asset Writedown & Restructuring Costs	3.54	44.7	23.47	15.01	0.95
Loss (Gain) From Sale of Investments	0.71	-3.77	-	-	-
Other Operating Activities	66.92	0.72	0.39	-1.97	3.04
Change in Accounts Receivable	-137.58	-46.19	-108.37	-46.74	-61.06
Change in Inventory	25.72	-110.39	-116.86	-28.72	92.79
Change in Accounts Payable	72.07	26.51	3.48	-74.23	-102.16
Change in Other Net Operating Assets	9.61	-7.07	-0.5	0.68	0.42
Operating Cash Flow	149.41	-39.04	-70.23	62.27	166.94
Operating Cash Flow Growth	-	-	-	-62.70%	13.40%
Capital Expenditures	-62.21	-134.48	-246.95	-66.72	-126.37
Sale of Property, Plant & Equipment	0.02	0.01	0.43	-	-
Cash Acquisitions	-0.49	-35.35	-	-	-
Investment in Securities	-292.61	-15	-	-	-
Other Investing Activities	-2	-	-	-	-
Investing Cash Flow	-357.28	-184.81	-246.51	-66.72	-126.37
Short-Term Debt Issued	-	-	-	17.4	47.5
Long-Term Debt Issued	174.4	5.5	-	-	-
Total Debt Issued	174.4	5.5	-	17.4	47.5
Short-Term Debt Repaid	-	-	-	-47.5	-50.5
Long-Term Debt Repaid	-50.73	-22.44	-17.4	-	-0.79
Total Debt Repaid	-50.73	-22.44	-17.4	-47.5	-51.29
Net Debt Issued (Repaid)	123.67	-16.94	-17.4	-30.1	-3.79
Issuance of Common Stock	-	-	-	1,033	-
Common Dividends Paid	-14.46	-53.93	-	-	-11.67
Other Financing Activities	-2.15	5.35	-1.23	-23.6	-2.28
Financing Cash Flow	107.06	-65.52	-18.63	978.85	-17.75
Foreign Exchange Rate Adjustments	-0.61	0.87	-	-0.06	-1.35
Net Cash Flow	-101.42	-288.51	-335.37	974.34	21.47
Free Cash Flow	87.2	-173.52	-317.18	-4.45	40.57
Free Cash Flow Growth	-	-	-	-	-43.24%
Free Cash Flow Margin	9.12%	-39.94%	-95.45%	-0.86%	7.26%
Free Cash Flow Per Share	0.93	-1.86	-3.40	-0.06	0.58
Cash Interest Paid	-	-	0.13	0.92	-
Cash Income Tax Paid	18.4	19.57	25.18	36.27	68.54
Levered Free Cash Flow	133.02	-306.11	-392.82	-125.55	-9.16
Unlevered Free Cash Flow	133.02	-305.54	-392.74	-124.97	-8.11
Change in Working Capital	-24.87	-153.52	-231.32	-154.58	-77.17

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