Shenzhen Clou Electronics 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	-120.69	-463.9	-528.61	-101.26	-665.22
Depreciation & Amortization	143.85	150.85	147.51	140.46	203.75
Other Amortization	10.96	19.48	21.19	35.79	35.82
Loss (Gain) From Sale of Assets	-2.27	-28.42	6.39	-10.28	18.07
Asset Writedown & Restructuring Costs	43.63	267.77	77.17	135.64	55.88
Loss (Gain) From Sale of Investments	9.79	86.92	33.07	-302.43	99.08
Provision & Write-off of Bad Debts	-	53.23	67.64	80.63	203.08
Other Operating Activities	113.71	185.12	280.23	327.15	360.59
Change in Accounts Receivable	-832.32	50.32	194.5	147	-156.73
Change in Inventory	-67.44	23.48	186.68	-380.79	114.16
Change in Accounts Payable	646.97	441.34	60.69	409.21	-30.42
Change in Other Net Operating Assets	13.64	-	-	-	9.41
Operating Cash Flow	144.34	812.37	474.3	443.78	246.35
Operating Cash Flow Growth	-82.23%	71.28%	6.88%	80.14%	-51.52%
Capital Expenditures	-82.2	-282.84	-457.38	-376.5	-440.74
Sale of Property, Plant & Equipment	68.73	171.18	7.77	4.01	8.6
Cash Acquisitions	-	-	-	-14.34	-
Divestitures	117.7	22.03	38.06	182.09	4.79
Investment in Securities	-18.95	84.49	-4.44	178.03	-10.89
Other Investing Activities	-1.38	8.41	2.79	-12.06	2.29
Investing Cash Flow	83.9	3.26	-413.2	-38.77	-435.95
Long-Term Debt Issued	4,794	4,139	6,083	4,641	4,262
Long-Term Debt Repaid	-4,749	-4,452	-7,178	-4,293	-4,080
Net Debt Issued (Repaid)	45.62	-312.6	-1,096	348.28	181.42
Issuance of Common Stock	-	-	815.67	-	-
Common Dividends Paid	-108.11	-125.91	-267.8	-266.41	-269.4
Other Financing Activities	276.66	-357.5	315.71	-36.61	97.58
Financing Cash Flow	214.17	-796.01	-232.07	45.26	9.61
Foreign Exchange Rate Adjustments	-6.73	-45.96	-14.33	1.21	-26.71
Net Cash Flow	435.69	-26.34	-185.3	451.49	-206.69
Free Cash Flow	62.15	529.52	16.92	67.29	-194.38
Free Cash Flow Growth	-88.26%	3029.45%	-74.85%	-	-
Free Cash Flow Margin	0.98%	11.95%	0.40%	1.90%	-6.08%
Free Cash Flow Per Share	0.04	0.32	0.01	0.05	-0.14
Cash Income Tax Paid	26.14	57.19	6.94	124.88	37.03
Levered Free Cash Flow	24.44	294.52	-254.57	-224.44	-47.38
Unlevered Free Cash Flow	24.44	374.75	-124.83	-68.56	136.25
Change in Working Capital	-54.64	541.33	369.71	138.08	-64.69

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