Zhuhai Bojay Electronics 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	172.26	22.25	-57.23	202.12	243.26
Depreciation & Amortization	54.48	34.01	36.86	27.1	18.9
Other Amortization	9.02	11.48	7.27	5.97	4.54
Loss (Gain) From Sale of Assets	0.16	-1.17	-0.03	-0.01	-0
Asset Writedown & Restructuring Costs	56.09	2.38	22.48	0.02	0.5
Loss (Gain) From Sale of Investments	-40.49	6.86	5.76	-5.33	-16.54
Provision & Write-off of Bad Debts	-	21.7	1.55	9.74	2.37
Other Operating Activities	23.74	34.81	19	8.01	30.42
Change in Accounts Receivable	-180.86	-359.96	179.32	-117.63	-21.45
Change in Inventory	-256.42	-41.36	-63.51	-42.96	-58.35
Change in Accounts Payable	236.87	72.51	-11.26	-4.75	-13.87
Change in Other Net Operating Assets	13.19	4.28	2.1	-1.52	5.11
Operating Cash Flow	84.81	-204.31	117.71	74.19	195.35
Operating Cash Flow Growth	-	-	58.65%	-62.02%	-32.25%
Capital Expenditures	-95.86	-150.75	-133.17	-129.8	-152.3
Sale of Property, Plant & Equipment	8.77	2.82	2.22	0.27	1.52
Cash Acquisitions	-30.53	-	-3.6	-31.19	-
Divestitures	2.5	10.73	-	-	-
Investment in Securities	25.94	-66.02	251.53	-108	-206.78
Other Investing Activities	191.7	11.17	-0.81	2.03	15.49
Investing Cash Flow	102.52	-192.06	116.17	-266.68	-342.08
Long-Term Debt Issued	192.37	269.15	185.52	-	546.68
Total Debt Issued	192.37	269.15	185.52	-	546.68
Long-Term Debt Repaid	-284.63	-326.19	-16.72	-10.39	-30.43
Total Debt Repaid	-284.63	-326.19	-16.72	-10.39	-30.43
Net Debt Issued (Repaid)	-92.27	-57.05	168.8	-10.39	516.25
Issuance of Common Stock	29.7	-	-	-	37.55
Repurchase of Common Stock	-	-9.37	-12.75	-64.01	-
Common Dividends Paid	-25.67	-7.12	-2.82	-50.49	-101.96
Other Financing Activities	-34.82	41.1	-15.58	1.17	-6.93
Financing Cash Flow	-123.06	-32.43	137.64	-123.72	444.92
Foreign Exchange Rate Adjustments	0.33	0.1	6.99	7.67	-3.37
Net Cash Flow	64.61	-428.7	378.5	-308.54	294.82
Free Cash Flow	-11.05	-355.06	-15.46	-55.6	43.05
Free Cash Flow Growth	-	-	-	-	-78.69%
Free Cash Flow Margin	-0.60%	-28.80%	-1.71%	-4.57%	3.55%
Free Cash Flow Per Share	-0.07	-2.55	-0.11	-0.40	0.31
Cash Income Tax Paid	34.72	21.28	24.81	7.48	31.65
Levered Free Cash Flow	-6.27	-386.83	-45.26	-159.77	9.02
Unlevered Free Cash Flow	-6.27	-376.77	-37.78	-143.49	11.11
Change in Working Capital	-190.45	-336.62	82.06	-173.43	-88.1

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