Guanhao Biotech 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	14.79	27.42	31.01	-307.82	73.69
Depreciation & Amortization	25.65	26.61	29.01	33.04	38.8
Other Amortization	0.95	1.26	5.96	8.09	11.03
Loss (Gain) From Sale of Assets	0.01	-0.03	-0.92	-0.03	-0.33
Asset Writedown & Restructuring Costs	1.98	4.98	0.29	217.94	0.19
Loss (Gain) From Sale of Investments	-1.89	10.23	3.64	41.36	4.68
Provision & Write-off of Bad Debts	-	8.56	6.72	8.91	2.7
Other Operating Activities	5.32	-8.9	2.93	52.99	-6.22
Change in Accounts Receivable	17.76	19.96	11.12	40.05	14.17
Change in Inventory	-0.63	-2.13	-5.84	9.2	-14.98
Change in Accounts Payable	8.13	-36.83	-27.87	-54.31	-15.12
Operating Cash Flow	71.47	49.55	54.15	70.98	122.39
Operating Cash Flow Growth	44.23%	-8.49%	-23.71%	-42.00%	17.87%
Capital Expenditures	-38.17	-76.2	-53.92	-41.17	-4.71
Sale of Property, Plant & Equipment	0.03	0.1	0.01	0.03	5.03
Cash Acquisitions	-0.9	-3.56	-	-	-0.15
Divestitures	-	-	2.8	-0.77	-0.13
Investment in Securities	2.84	-5.28	-	1.89	2.66
Investing Cash Flow	-36.19	-84.95	-51.11	-40.02	2.7
Short-Term Debt Issued	-	-	-	-	52
Long-Term Debt Issued	45.01	85	37.5	50	-
Total Debt Issued	45.01	85	37.5	50	52
Short-Term Debt Repaid	-	-	-	-	-153.25
Long-Term Debt Repaid	-20.01	-38.94	-63.62	-116.97	-13.05
Total Debt Repaid	-20.01	-38.94	-63.62	-116.97	-166.3
Net Debt Issued (Repaid)	25	46.06	-26.12	-66.97	-114.3
Issuance of Common Stock	6.1	-	-	-	-
Common Dividends Paid	-3.67	-2.46	-1.21	-3.68	-6.97
Other Financing Activities	-6.42	-	-	-	-0.5
Financing Cash Flow	21.02	43.59	-27.32	-70.65	-121.78
Foreign Exchange Rate Adjustments	-0.18	0.18	0.08	0.69	-0.21
Net Cash Flow	56.12	8.38	-24.21	-38.99	3.11
Free Cash Flow	33.3	-26.65	0.23	29.81	117.68
Free Cash Flow Growth	-	-	-99.22%	-74.67%	16.59%
Free Cash Flow Margin	8.59%	-7.06%	0.06%	7.90%	24.07%
Free Cash Flow Per Share	0.12	-0.10	0.00	0.11	0.45
Cash Income Tax Paid	44.73	38.77	46.56	39.93	30.81
Levered Free Cash Flow	19.5	-13.68	24.86	52.4	85.69
Unlevered Free Cash Flow	19.5	-13.03	25.97	54.97	90.3
Change in Working Capital	24.67	-20.57	-24.47	16.49	-2.15

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