Kennede Electronics MFG. 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	-255.65	-224.61	-6.92	10.05	17.99
Depreciation & Amortization	46.68	48.93	41.52	36.6	34.52
Other Amortization	8.37	6.64	6.61	3.4	3.23
Loss (Gain) From Sale of Assets	-1.38	0.56	-0.31	0.3	-0.28
Asset Writedown & Restructuring Costs	62.07	53.79	23.38	6.7	0.3
Loss (Gain) From Sale of Investments	-24.27	17.5	-0.28	0.59	-3.3
Provision & Write-off of Bad Debts	-	29.33	4.49	11.88	3.98
Other Operating Activities	119.49	82.61	36.08	40.57	19.35
Change in Accounts Receivable	841.28	19.52	-137.5	-629.03	-240.08
Change in Inventory	44.23	53.14	-101.72	18.42	4.39
Change in Accounts Payable	-873.09	-14.12	224.26	390.95	70.69
Change in Other Net Operating Assets	5.71	0.52	-	-0.78	0.41
Operating Cash Flow	-20.05	65.74	83.77	-113.16	-88.26
Operating Cash Flow Growth	-	-21.53%	-	-	-
Capital Expenditures	-26.72	-37.05	-145.14	-193.03	-22.87
Sale of Property, Plant & Equipment	2.19	0.07	0.54	0.16	0.83
Cash Acquisitions	-9.88	-26.66	-	-	-70
Divestitures	50.01	2.88	-	-0.04	23.05
Investment in Securities	42.99	12.6	-35.47	-43.72	-105
Other Investing Activities	-	-	0.01	-0.75	-31.37
Investing Cash Flow	58.59	-48.17	-180.06	-237.37	-205.35
Long-Term Debt Issued	1,342	1,395	734.53	461.05	399.43
Total Debt Issued	1,342	1,395	734.53	461.05	399.43
Long-Term Debt Repaid	-1,432	-1,396	-672.51	-367.68	-265.85
Total Debt Repaid	-1,432	-1,396	-672.51	-367.68	-265.85
Net Debt Issued (Repaid)	-89.23	-1.03	62.02	93.38	133.58
Issuance of Common Stock	52.93	-	38.45	4.09	566.21
Repurchase of Common Stock	-	-	-	-0.42	-0.22
Common Dividends Paid	-47.54	-46.5	-36.3	-46.09	-21.1
Other Financing Activities	-2.04	15.31	-58.36	-1.35	2.17
Financing Cash Flow	-85.89	-32.23	5.81	49.6	680.64
Foreign Exchange Rate Adjustments	2.96	7.19	3.48	1.11	-1.42
Net Cash Flow	-44.39	-7.47	-87	-299.82	385.61
Free Cash Flow	-46.77	28.69	-61.37	-306.19	-111.12
Free Cash Flow Margin	-4.66%	1.88%	-3.83%	-17.76%	-8.42%
Free Cash Flow Per Share	-0.14	0.09	-0.19	-0.96	-0.41
Cash Income Tax Paid	-32.7	-46.28	-44.35	-31.73	-18.65
Levered Free Cash Flow	295.84	120.96	-177.74	-232.13	-322.79
Unlevered Free Cash Flow	295.84	151.18	-154.18	-206.97	-311.48
Change in Working Capital	24.65	50.98	-20.82	-223.25	-164.06

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