Jiangsu NanFang Precision 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	323.31	24.39	27.28	48.49	196.19
Depreciation & Amortization	48.66	45.93	49.56	45.07	49.13
Other Amortization	0.48	3.46	0.46	2.25	1.99
Loss (Gain) From Sale of Assets	0.02	1.3	1.22	1.63	-0.04
Asset Writedown & Restructuring Costs	-267.2	1.41	3.73	-	1.13
Loss (Gain) From Sale of Investments	-30.38	99.09	71.16	43.52	-134.72
Provision & Write-off of Bad Debts	-	4.05	1.67	0.75	1.11
Other Operating Activities	5.39	-3.94	-5.64	-18.64	7.39
Change in Accounts Receivable	-51.65	-68.55	-56.74	-21.31	-26.77
Change in Inventory	-24.21	-29.87	-19.63	9.23	-42.31
Change in Accounts Payable	28.09	51.41	49.15	-19.89	25.66
Change in Other Net Operating Assets	-1.96	-	-	-1.84	-3.38
Operating Cash Flow	75	110.86	95.7	74.36	72.48
Operating Cash Flow Growth	-32.34%	15.84%	28.70%	2.60%	-17.97%
Capital Expenditures	-29.07	-23.15	-65.36	-27.43	-36.24
Sale of Property, Plant & Equipment	0.01	0.39	0.35	1.11	0.45
Investment in Securities	122.14	-10	72.34	143.52	-50.68
Other Investing Activities	-5.01	3.69	79.23	8.05	7.87
Investing Cash Flow	88.06	-29.07	86.56	125.25	-78.61
Short-Term Debt Issued	-	46	16	0.9	-
Long-Term Debt Issued	43.12	-	-	-	-
Total Debt Issued	43.12	46	16	0.9	-
Short-Term Debt Repaid	-	-14	-9.9	-	-2.8
Long-Term Debt Repaid	-39	-0.43	-1.72	-3.58	-3.16
Total Debt Repaid	-39	-14.43	-11.62	-3.58	-5.96
Net Debt Issued (Repaid)	4.12	31.57	4.38	-2.68	-5.96
Issuance of Common Stock	140.81	-	-	-	-
Common Dividends Paid	-36.04	-70.23	-35.18	-69.67	-34.89
Other Financing Activities	-4.12	3.85	2.65	-	-
Financing Cash Flow	104.77	-34.81	-28.16	-72.35	-40.85
Foreign Exchange Rate Adjustments	0.02	-0.82	-0.61	15.61	-3.62
Net Cash Flow	267.85	46.16	153.5	142.86	-50.6
Free Cash Flow	45.93	87.71	30.33	46.92	36.24
Free Cash Flow Growth	-47.63%	189.14%	-35.35%	29.48%	-40.44%
Free Cash Flow Margin	5.38%	11.19%	4.52%	7.99%	6.08%
Free Cash Flow Per Share	0.13	0.25	0.09	0.14	0.10
Cash Income Tax Paid	55.15	48.11	27.55	53.09	33.83
Levered Free Cash Flow	84.79	85.97	19.45	40.05	29.91
Unlevered Free Cash Flow	84.79	86.39	19.85	40.34	30.26
Change in Working Capital	-5.27	-64.84	-53.74	-48.69	-49.71

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