Nsing Technologies 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	-115.42	-235.34	-571.52	-32.49	218.98
Depreciation & Amortization	105.44	99	110.07	93.47	69.38
Other Amortization	50.85	23.53	27.67	25.47	21.54
Loss (Gain) From Sale of Assets	-0.13	-0.23	-2.4	-0.23	-0.33
Asset Writedown & Restructuring Costs	11.33	25.39	73.16	0.96	7.33
Loss (Gain) From Sale of Investments	-7.34	12.24	72.45	-64.17	-154.14
Provision & Write-off of Bad Debts	4.35	1.86	1.93	0.43	-6.29
Other Operating Activities	92.8	101.9	169.71	73.79	49.11
Change in Accounts Receivable	-143.01	-283.72	-38.38	-24.67	75.36
Change in Inventory	-25.92	-61.53	166.25	-633.65	-167.53
Change in Accounts Payable	41.18	146.11	-127.34	-146.36	10.84
Change in Other Net Operating Assets	-0.05	64.03	3.35	138.12	95.22
Operating Cash Flow	0.67	-121.33	-122.36	-574.97	212.49
Operating Cash Flow Growth	-	-	-	-	741.40%
Capital Expenditures	-214.24	-185.63	-200.44	-165.11	-112.17
Sale of Property, Plant & Equipment	6.59	1.03	1.46	3	0.43
Cash Acquisitions	-	-	-	-	-47.6
Investment in Securities	-2.19	1.31	-0.85	2.22	147.64
Other Investing Activities	8.78	0.34	29.98	18.52	2.51
Investing Cash Flow	-201.06	-182.94	-169.86	-141.37	-9.19
Long-Term Debt Issued	1,128	906.04	1,309	895.59	120
Total Debt Issued	1,128	906.04	1,309	895.59	120
Long-Term Debt Repaid	-979.36	-864.47	-747.43	-227.5	-310.45
Total Debt Repaid	-979.36	-864.47	-747.43	-227.5	-310.45
Net Debt Issued (Repaid)	148.64	41.57	561.68	668.1	-190.45
Issuance of Common Stock	-	-	-	18.25	213.78
Repurchase of Common Stock	-30	-67.79	-4.35	-0.11	-5.79
Common Dividends Paid	-58.77	-65.36	-59.11	-32.19	-35.53
Other Financing Activities	-23.1	-4.98	-0.81	149.07	29
Financing Cash Flow	36.77	-96.56	497.4	803.12	11
Foreign Exchange Rate Adjustments	-0.52	-2.03	-0.27	0.87	-1.11
Net Cash Flow	-164.14	-402.86	204.92	87.64	213.19
Free Cash Flow	-213.57	-306.96	-322.8	-740.09	100.32
Free Cash Flow Margin	-15.70%	-26.29%	-31.14%	-61.91%	9.86%
Free Cash Flow Per Share	-0.37	-0.52	-0.56	-1.37	0.18
Cash Income Tax Paid	-41.63	28.12	42.02	4.14	7.89
Levered Free Cash Flow	-166.67	8.77	-256.69	-616.8	266.33
Unlevered Free Cash Flow	-118.71	51.17	-212.93	-593.44	291.55
Change in Working Capital	-140.36	-148.44	-6.93	-672.56	6.91

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