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 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	97.81	80.53	66.42	86.64	81.8	46.66
Depreciation & Amortization	51.54	51.54	51.97	48.77	35.52	29.33
Other Amortization	1.64	1.64	0.69	0.63	0.43	0.35
Loss (Gain) From Sale of Assets	0.09	0.09	0.17	0.01	-0.01	-0.01
Loss (Gain) From Sale of Investments	-75.13	-75.13	-45.68	-42.96	-49.82	4.68
Provision & Write-off of Bad Debts	35.12	35.12	18.05	7.23	1.04	-0.3
Other Operating Activities	2.14	62.92	51.46	41.67	25.21	6.26
Change in Accounts Receivable	-164.72	-164.72	-194.31	-36.48	24.28	-25.49
Change in Inventory	-1.3	-1.3	61.77	-0.67	55.62	-43.35
Change in Accounts Payable	216.03	216.03	-21.74	-0.08	-97.19	28.19
Change in Other Net Operating Assets	-3.06	-3.06	-6.86	-	-10.24	0.23
Operating Cash Flow	150.58	194.07	-29.91	93.37	60.38	44.28
Operating Cash Flow Growth	-	-	-	54.63%	36.37%	-23.69%
Capital Expenditures	-102.13	-70.04	-17.37	-52.11	-30.84	-24.6
Sale of Property, Plant & Equipment	0.12	0	0.53	0.16	0.03	0.1
Cash Acquisitions	-	-	-	-	-139.86	-
Divestitures	0.04	0.03	-	-	-	-
Investment in Securities	-98.6	-125.59	-32.38	-17.25	-18.22	-18
Other Investing Activities	5.93	5.91	1.3	0.1	2.5	10.87
Investing Cash Flow	-194.64	-189.68	-47.91	-69.1	-186.4	-31.63
Long-Term Debt Issued	-	375	155.45	172.45	144.15	-
Long-Term Debt Repaid	-	-209.18	-141.45	-74.16	-5.44	-3.91
Net Debt Issued (Repaid)	117.57	165.82	14.01	98.29	138.72	-3.91
Issuance of Common Stock	-	-	-	75	-	-
Common Dividends Paid	-24.83	-23.46	-16.1	-8.69	-10.84	-19.46
Other Financing Activities	-9.1	-9.1	-8.81	-8.8	-1.5	-1.3
Financing Cash Flow	83.64	133.27	-10.9	155.81	126.38	-24.67
Foreign Exchange Rate Adjustments	-0.34	-0.34	-0.05	-0.29	-	-
Net Cash Flow	39.24	137.32	-88.77	179.78	0.36	-12.02
Free Cash Flow	48.45	124.03	-47.27	41.26	29.54	19.68
Free Cash Flow Growth	-	-	-	39.66%	50.11%	-49.12%
Free Cash Flow Margin	5.63%	15.51%	-6.34%	5.33%	4.71%	3.60%
Free Cash Flow Per Share	0.20	0.52	-0.20	0.17	0.12	0.08
Cash Income Tax Paid	73.6	61.57	54.25	40.2	24.72	-1.21
Levered Free Cash Flow	-2.79	-11.42	-95.88	29.5	42.46	-12.29
Unlevered Free Cash Flow	4.23	-4.41	-90.62	33.7	43.46	-11.9
Change in Working Capital	37.37	37.37	-173	-48.61	-33.78	-42.69

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