Focus 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	504.85	451.19	378.86	300.4	245.03
Depreciation & Amortization	60.04	74.41	76.84	80.37	76.3
Other Amortization	0.96	2.3	1.07	0.94	0.94
Loss (Gain) From Sale of Assets	-3.72	-6.16	-0	0	-0.11
Asset Writedown & Restructuring Costs	-2.57	0.06	0.29	2.88	-6.79
Loss (Gain) From Sale of Investments	-18.76	-22.96	-24.27	-8	-35.29
Provision & Write-off of Bad Debts	-	-1.01	0.05	-	0.05
Other Operating Activities	2.82	4.52	6.69	0.49	6.84
Change in Accounts Receivable	-72.05	-86.14	-4.36	44.09	55.69
Change in Inventory	-0.23	1.44	4.84	6.76	2.22
Change in Accounts Payable	349.88	274.89	181.1	39.81	138.71
Change in Other Net Operating Assets	68.11	-	6.3	20.76	36.77
Operating Cash Flow	888.36	705.99	637.01	484.93	516.35
Operating Cash Flow Growth	25.83%	10.83%	31.36%	-6.09%	-4.35%
Capital Expenditures	-17.27	-20.31	-71.29	-45.04	-85.54
Sale of Property, Plant & Equipment	9.1	9.92	0.39	0.27	0.61
Cash Acquisitions	-	-	-	-1.11	-
Investment in Securities	-390.4	-565.15	-1,033	445.04	-354.89
Other Investing Activities	21.13	25.67	25.84	6.47	9.53
Investing Cash Flow	-377.45	-549.87	-1,078	405.64	-430.29
Long-Term Debt Repaid	-	-22.03	-25.6	-19.9	-15.25
Total Debt Repaid	-	-22.03	-25.6	-19.9	-15.25
Net Debt Issued (Repaid)	-	-22.03	-25.6	-19.9	-15.25
Issuance of Common Stock	-	18.18	94.39	37.51	7.92
Common Dividends Paid	-364.82	-495.76	-281.62	-245.58	-152.75
Other Financing Activities	-20.91	2.72	3.15	-1.52	-0.01
Financing Cash Flow	-385.73	-496.88	-209.69	-229.5	-160.09
Foreign Exchange Rate Adjustments	-1.25	0.55	0.57	10.91	-3.02
Net Cash Flow	123.92	-340.21	-650.51	671.98	-77.04
Free Cash Flow	871.09	685.68	565.72	439.89	430.82
Free Cash Flow Growth	27.04%	21.20%	28.61%	2.11%	3.05%
Free Cash Flow Margin	45.34%	41.09%	37.06%	29.83%	29.21%
Free Cash Flow Per Share	2.73	2.16	1.81	1.43	1.41
Cash Income Tax Paid	154.09	115.88	105.03	117.48	93.52
Levered Free Cash Flow	549.44	511.79	385.33	285.86	159.71
Unlevered Free Cash Flow	549.44	512.6	386.41	287.14	161.11
Change in Working Capital	344.74	199.31	188.14	103.22	227.46

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