Dalian Zhiyun Automation 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	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-275.24	-129.37	139.95	-309.38	-654.27
Depreciation & Amortization	16.79	17.53	18.34	30.63	35.67
Other Amortization	1.02	0.45	1.67	6.34	3.83
Loss (Gain) From Sale of Assets	-3.93	-0.11	-0.78	-0.49	-11.24
Asset Writedown & Restructuring Costs	34.52	23.16	6.06	5.61	571.88
Loss (Gain) From Sale of Investments	-6.54	-1.66	-189.9	127.5	-112.73
Provision & Write-off of Bad Debts	-0.8	-5.15	31.08	13	33.02
Other Operating Activities	145.66	69.9	34.46	45.24	49.23
Change in Accounts Receivable	76.86	8.43	-29.97	218.07	-55.41
Change in Inventory	-43.83	83.04	159.57	-28.78	-15.07
Change in Accounts Payable	43.65	-73.04	-216.35	-66.68	34.47
Change in Other Net Operating Assets	-	-	11.53	27.82	57.48
Operating Cash Flow	19.52	21.09	-23.78	24.98	-76.29
Operating Cash Flow Growth	-7.44%	-	-	-	-
Capital Expenditures	-2.48	-19.01	-36.42	-54.21	-29.38
Sale of Property, Plant & Equipment	5.41	0	1.35	20.12	115.23
Cash Acquisitions	-	-	-	-	-63.2
Divestitures	-	10.17	163.76	-	-
Investment in Securities	-	-	-0.38	3	0.36
Other Investing Activities	-	-	-	0	-
Investing Cash Flow	2.93	-8.83	128.32	-31.09	23.01
Short-Term Debt Issued	74.29	168.56	87.03	-	138.61
Long-Term Debt Issued	-	-	-	311.44	268
Total Debt Issued	74.29	168.56	87.03	311.44	406.61
Short-Term Debt Repaid	-86.46	-169	-171.09	-	-20
Long-Term Debt Repaid	-6.14	-6.09	-8.7	-212.59	-358.21
Total Debt Repaid	-92.59	-175.09	-179.79	-212.59	-378.21
Net Debt Issued (Repaid)	-18.3	-6.53	-92.77	98.85	28.39
Issuance of Common Stock	-	-	-	-	38.65
Common Dividends Paid	-3.37	-4.06	-7.33	-13.25	-14.96
Other Financing Activities	-0.04	-0.05	-0.01	-103.47	-32.93
Financing Cash Flow	-21.71	-10.64	-100.11	-17.88	19.16
Foreign Exchange Rate Adjustments	-0.02	0.02	0.01	-0.04	-0.03
Net Cash Flow	0.72	1.63	4.43	-24.03	-34.15
Free Cash Flow	17.04	2.08	-60.21	-29.23	-105.67
Free Cash Flow Growth	719.43%	-	-	-	-
Free Cash Flow Margin	9.80%	0.54%	-12.63%	-7.49%	-14.89%
Free Cash Flow Per Share	0.06	0.01	-0.21	-0.10	-0.37
Cash Income Tax Paid	5.07	14.54	23.31	17.39	41.65
Levered Free Cash Flow	171.73	45.59	-211.86	65.74	-44.87
Unlevered Free Cash Flow	172.71	47.83	-204.33	75.94	-30.56
Change in Working Capital	108.05	46.33	-64.67	106.51	8.34

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