Xiamen Sunrise Group 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	110.05	51.98	60.09	28.96	105.84
Depreciation & Amortization	151.03	150.28	132.9	114.61	123.06
Other Amortization	2.11	0.75	0.3	0.17	0.11
Loss (Gain) From Sale of Assets	-1.97	-0.49	-0.99	0.02	-0.5
Asset Writedown & Restructuring Costs	1.87	0.84	1.31	1.92	0.01
Loss (Gain) From Sale of Investments	-2.28	-2.28	0.78	5.54	-4.03
Provision & Write-off of Bad Debts	7.82	-17.39	41.64	13.43	34.82
Other Operating Activities	33.48	36.64	30.92	30.13	60.6
Change in Accounts Receivable	-184.41	203.3	-194.27	-25.37	-209.04
Change in Inventory	129.81	241.77	235.22	114.81	-206.85
Change in Accounts Payable	33.97	-254.77	85.41	-171.82	80.29
Operating Cash Flow	288.61	410.72	379.37	100.76	-47.25
Operating Cash Flow Growth	-29.73%	8.26%	276.52%	-	-
Capital Expenditures	-157.38	-194.06	-256.99	-267.89	-159.47
Sale of Property, Plant & Equipment	0.13	0	0.03	-	0.05
Investment in Securities	-28.93	-	-	40.08	-40.04
Other Investing Activities	1.13	2.28	-1.96	-5.53	0.55
Investing Cash Flow	-185.04	-191.77	-258.91	-233.34	-198.91
Long-Term Debt Issued	1,155	1,107	1,215	1,360	1,072
Long-Term Debt Repaid	-1,228	-1,177	-1,303	-1,042	-1,118
Net Debt Issued (Repaid)	-73.05	-70.08	-87.52	317.93	-45.5
Issuance of Common Stock	-	-	-	-	329.4
Common Dividends Paid	-68.14	-76.55	-39.22	-77.18	-74.24
Other Financing Activities	-0.8	-0.4	-0.8	-1.24	-11.64
Financing Cash Flow	-141.99	-147.03	-127.53	239.51	198.03
Foreign Exchange Rate Adjustments	-3.86	-0.34	-0.27	20.05	9.26
Net Cash Flow	-42.27	71.57	-7.35	126.98	-38.87
Free Cash Flow	131.23	216.66	122.38	-167.13	-206.71
Free Cash Flow Growth	-39.43%	77.04%	-	-	-
Free Cash Flow Margin	3.58%	7.06%	3.10%	-4.95%	-5.47%
Free Cash Flow Per Share	0.16	0.27	0.16	-0.23	-0.28
Cash Income Tax Paid	-61.74	2.77	6.76	-45.79	21.98
Levered Free Cash Flow	217.95	119.06	106.39	-191.72	-140.14
Unlevered Free Cash Flow	237.26	143.02	133.91	-164.29	-107.46
Change in Working Capital	-14.64	190.41	112.42	-94.02	-367.15

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.