Zhejiang MTCN Technology Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	43.96	22.77	-34.07	19.41	131.34	86.73
Depreciation & Amortization	64.48	64.48	57.33	42.88	22.25	13.49
Other Amortization	0.27	0.27	0.07	0.18	0.18	0.21
Loss (Gain) From Sale of Assets	-0.08	-0.08	0.03	-0	-	0
Asset Writedown & Restructuring Costs	0	0	0.01	5.53	0.25	0.26
Provision & Write-off of Bad Debts	2.53	2.53	-0.11	0.47	0.32	0.78
Other Operating Activities	44.64	49.18	96.43	45.83	10.83	2.42
Change in Accounts Receivable	-92.38	-92.38	-36.88	63.35	-114.35	-26.12
Change in Inventory	-5.87	-5.87	-2.78	-75.64	-44.99	1.95
Change in Accounts Payable	22.93	22.93	-24.87	15.4	76.52	8.64
Change in Other Net Operating Assets	-6.94	-6.94	29.16	5.77	4.89	-1.79
Operating Cash Flow	58.53	41.89	56.07	111.67	85.86	85.67
Operating Cash Flow Growth	-17.27%	-25.30%	-49.79%	30.06%	0.23%	16.99%
Capital Expenditures	-13.03	-28.98	-126.58	-225.56	-160.08	-13.26
Sale of Property, Plant & Equipment	0.89	0.37	0.15	0	0	0
Investing Cash Flow	-12.14	-28.61	-126.43	-225.56	-160.08	-13.26
Long-Term Debt Issued	-	247.5	125	300	96.26	-
Long-Term Debt Repaid	-	-212.42	-63.65	-150.48	-1.28	-
Net Debt Issued (Repaid)	34.13	35.08	61.35	149.52	94.98	-
Issuance of Common Stock	-	-	-	26.93	-	322.69
Repurchase of Common Stock	-8.53	-8.53	-8.23	-	-	-
Common Dividends Paid	-31.3	-10.94	-31.09	-67.11	-99.76	-
Dividends Paid	-31.3	-10.94	-31.09	-67.11	-99.76	-
Other Financing Activities	-84.15	-177.06	-	-	35.63	-14.78
Financing Cash Flow	-89.85	-161.46	22.03	109.33	30.85	307.9
Foreign Exchange Rate Adjustments	0.63	1.16	1.27	3.05	-0.26	-0.61
Net Cash Flow	-42.83	-147.02	-47.06	-1.51	-43.63	379.7
Free Cash Flow	45.5	12.9	-70.51	-113.89	-74.22	72.41
Free Cash Flow Growth	45.98%	-	-	-	-	8.67%
Free Cash Flow Margin	10.77%	3.05%	-20.23%	-33.68%	-16.99%	26.53%
Free Cash Flow Per Share	0.31	0.10	-0.54	-0.86	-0.57	0.74
Cash Income Tax Paid	35.38	35.53	23.29	1.19	37.32	33.87
Levered Free Cash Flow	-37.43	58.05	-110.4	-116.7	-19.14	72.63
Unlevered Free Cash Flow	-30.89	65.58	-103.56	-112.03	-18.46	72.63
Change in Working Capital	-97.27	-97.27	-63.61	-2.63	-79.3	-18.22

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.