Bear Electric Appliance 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	419.59	287.79	445.27	386.39	283.4
Depreciation & Amortization	191.05	140.05	127.22	118.27	106.64
Other Amortization	26.88	39.99	26.11	15.8	12.03
Loss (Gain) From Sale of Assets	-0.22	0.76	0.19	0.07	7.06
Asset Writedown & Restructuring Costs	9.02	0.96	1.75	-0.31	1.84
Loss (Gain) From Sale of Investments	-3.98	-49.26	-40.82	-24.23	-31.4
Provision & Write-off of Bad Debts	-	4.13	9.31	-2.66	35.99
Other Operating Activities	44.66	72.76	45.65	39.32	34.69
Change in Accounts Receivable	-97.72	-193.34	-151.84	-407.88	2.07
Change in Inventory	198.86	-186.15	-20.58	-62.36	-118.72
Change in Accounts Payable	-383.2	158.23	245.59	563.94	-165.94
Operating Cash Flow	416.39	229.24	684.65	613.27	171.14
Operating Cash Flow Growth	81.64%	-66.52%	11.64%	258.34%	-85.83%
Capital Expenditures	-132.92	-241.99	-424.33	-303.02	-425.99
Sale of Property, Plant & Equipment	0.17	0.45	0.72	0.12	0.95
Cash Acquisitions	-	-126.43	-	-	-
Divestitures	-	2.22	-0.79	-	-
Investment in Securities	11.17	342.73	-757.67	361.91	80.65
Other Investing Activities	301.74	47.59	25.3	25.69	32.05
Investing Cash Flow	180.16	24.58	-1,157	84.7	-312.34
Long-Term Debt Issued	-	3.1	33.63	749.83	-
Long-Term Debt Repaid	-198.92	-94.43	-224.35	-1.01	-0.8
Net Debt Issued (Repaid)	-198.92	-91.33	-190.71	748.82	-0.8
Issuance of Common Stock	9.36	7.37	11.24	3.27	17.28
Repurchase of Common Stock	-	-30.05	-	-80.13	-
Common Dividends Paid	-160.03	-192.92	-126.71	-93.58	-187.73
Other Financing Activities	63.73	132.71	96.36	183.23	159.53
Financing Cash Flow	-285.86	-174.22	-209.82	761.62	-11.72
Foreign Exchange Rate Adjustments	-3.95	5.69	2.13	-0.5	-0.63
Net Cash Flow	306.74	85.29	-679.81	1,459	-153.55
Free Cash Flow	283.46	-12.75	260.32	310.25	-254.85
Free Cash Flow Growth	-	-	-16.10%	-	-
Free Cash Flow Margin	5.42%	-0.27%	5.53%	7.54%	-7.07%
Free Cash Flow Per Share	1.80	-0.08	1.65	1.99	-1.63
Cash Income Tax Paid	287.98	264.58	280.6	201.11	168.88
Levered Free Cash Flow	-111.59	-16.72	223.71	417.93	-359.88
Unlevered Free Cash Flow	-111.59	2.77	241.78	425.38	-359.59
Change in Working Capital	-270.63	-267.95	69.98	80.62	-279.11

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