Shenzhen Laibao Hi-Tech Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	194.27	245.1	374.44	376.05	366.8	491.13
Depreciation & Amortization	174.38	174.38	199.58	186.66	168.69	161.52
Other Amortization	15.99	15.99	13.69	8.41	3.42	0.38
Loss (Gain) From Sale of Assets	1.79	1.79	0.54	-0.57	2.34	1.94
Asset Writedown & Restructuring Costs	19.86	0.4	0.08	1.03	0.39	1.06
Loss (Gain) From Sale of Investments	-6.37	-6.37	-5.23	-2.71	-1.05	-6.71
Provision & Write-off of Bad Debts	-	-2.64	2.21	-1	-16.29	-3.35
Other Operating Activities	322.59	79.92	61.41	3.97	-2.16	56.88
Change in Accounts Receivable	71.12	71.12	-142.64	24	625.62	120.77
Change in Inventory	28.36	28.36	-20.53	-3.51	197.73	-
Change in Accounts Payable	-273.68	-273.68	16.63	135.43	-604.1	62.75
Change in Other Net Operating Assets	-	-	-	-	-	-14.86
Operating Cash Flow	511.81	297.87	481.85	724.66	733.19	638.93
Operating Cash Flow Growth	73.28%	-38.18%	-33.51%	-1.16%	14.75%	164.91%
Capital Expenditures	-4,080	-3,934	-2,005	-210.71	-409.87	-178.31
Sale of Property, Plant & Equipment	3.14	1.08	0.12	0.78	1.63	0.47
Divestitures	-	-	-	-	-1.84	-
Investment in Securities	-3	-0.56	-	-10.38	6.53	-34.23
Other Investing Activities	458.65	347.46	1.69	1.78	17.53	7.64
Investing Cash Flow	-3,622	-3,586	-2,003	-218.53	-386.01	-204.43
Long-Term Debt Issued	-	1,459	-	-	14	-
Long-Term Debt Repaid	-	-6.92	-6.92	-6.68	-7.68	-1.87
Net Debt Issued (Repaid)	1,618	1,453	-6.92	-6.68	6.32	-1.87
Common Dividends Paid	-78.74	-77.71	-176.45	-141.16	-70.58	-105.87
Other Financing Activities	-9.99	-2.74	2,500	-	-0.55	-
Financing Cash Flow	1,530	1,372	2,317	-147.85	-64.81	-107.74
Foreign Exchange Rate Adjustments	-9.27	4.61	24	24.21	40.71	-11.53
Net Cash Flow	-1,590	-1,911	819.54	382.49	323.08	315.23
Free Cash Flow	-3,569	-3,636	-1,523	513.95	323.32	460.62
Free Cash Flow Growth	-	-	-	58.96%	-29.81%	142.83%
Free Cash Flow Margin	-59.82%	-60.73%	-25.83%	9.20%	5.25%	6.00%
Free Cash Flow Per Share	-5.06	-5.15	-2.16	0.73	0.46	0.65
Cash Income Tax Paid	-	-7.07	93.46	-16.51	-56.92	-133.56
Levered Free Cash Flow	-3,961	-3,781	-1,784	426.6	91.56	214.73
Unlevered Free Cash Flow	-3,961	-3,731	-1,742	427.41	92.27	214.73
Change in Working Capital	-210.71	-210.71	-164.88	152.81	211.05	-63.92

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