Changchun UP Optotech Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	59.07	66.42	86.64	81.8	46.66	49.06
Depreciation & Amortization	51.12	51.12	48.77	35.52	29.33	25.15
Other Amortization	1.54	1.54	0.63	0.43	0.35	0.27
Loss (Gain) From Sale of Assets	0.17	0.17	0.01	-0.01	-0.01	0.17
Loss (Gain) From Sale of Investments	-45.68	-45.68	-42.96	-49.82	4.68	-22.44
Provision & Write-off of Bad Debts	18.05	18.05	7.23	1.04	-0.3	-
Other Operating Activities	125.78	51.46	41.67	25.21	6.26	5.02
Change in Accounts Receivable	-194.31	-194.31	-36.48	24.28	-25.49	39.93
Change in Inventory	61.77	61.77	-0.67	55.62	-43.35	-26.33
Change in Accounts Payable	-21.74	-21.74	-0.08	-97.19	28.19	-4.46
Change in Other Net Operating Assets	-6.86	-6.86	-	-10.24	0.23	-6.89
Operating Cash Flow	37.07	-29.91	93.37	60.38	44.28	58.03
Operating Cash Flow Growth	269.64%	-	54.63%	36.37%	-23.69%	-19.36%
Capital Expenditures	-62.25	-17.37	-52.11	-30.84	-24.6	-19.35
Sale of Property, Plant & Equipment	0.21	0.53	0.16	0.03	0.1	0.21
Cash Acquisitions	-	-	-	-139.86	-	-
Investment in Securities	-101.44	-32.38	-17.25	-18.22	-18	-12.34
Other Investing Activities	6.71	1.3	0.1	2.5	10.87	7.62
Investing Cash Flow	-156.76	-47.91	-69.1	-186.4	-31.63	-23.87
Long-Term Debt Issued	-	155.45	172.45	144.15	-	-
Long-Term Debt Repaid	-	-141.45	-74.16	-5.44	-3.91	-6.74
Net Debt Issued (Repaid)	179.79	14.01	98.29	138.72	-3.91	-6.74
Issuance of Common Stock	-	-	75	-	-	0.32
Common Dividends Paid	-17.84	-16.1	-8.69	-10.84	-19.46	-12.09
Other Financing Activities	-8.81	-8.81	-8.8	-1.5	-1.3	3.99
Financing Cash Flow	153.14	-10.9	155.81	126.38	-24.67	-14.52
Foreign Exchange Rate Adjustments	-0.05	-0.05	-0.29	-	-	-
Net Cash Flow	33.39	-88.77	179.78	0.36	-12.02	19.64
Free Cash Flow	-25.18	-47.27	41.26	29.54	19.68	38.68
Free Cash Flow Growth	-	-	39.66%	50.11%	-49.12%	-31.02%
Free Cash Flow Margin	-3.44%	-6.34%	5.33%	4.71%	3.60%	8.78%
Free Cash Flow Per Share	-0.11	-0.20	0.17	0.12	0.08	0.16
Cash Income Tax Paid	48.49	54.25	40.2	24.72	-1.21	28.33
Levered Free Cash Flow	-90.43	-95.88	29.5	42.46	-12.29	22.21
Unlevered Free Cash Flow	-83.69	-90.62	33.7	43.46	-11.9	22.22
Change in Working Capital	-173	-173	-48.61	-33.78	-42.69	0.8

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