Zhongji Innolight Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	5,171	2,174	1,224	876.98
Depreciation & Amortization	646.32	478.93	456.65	417.83
Other Amortization	66.89	46.56	36.09	18.48
Loss (Gain) From Sale of Assets	8.88	5.75	-0.19	-2.53
Asset Writedown & Restructuring Costs	0.34	49.47	185.44	1.16
Loss (Gain) From Sale of Investments	-34.27	-319.68	-155.81	-143.13
Provision & Write-off of Bad Debts	19.43	8.23	16.64	9.88
Other Operating Activities	314.68	184.19	286.91	163.14
Change in Accounts Receivable	-1,817	-1,108	454.92	-328.3
Change in Inventory	-2,835	-375.75	-245.77	-207.36
Change in Accounts Payable	1,458	652.07	76.36	-33.4
Change in Other Net Operating Assets	180.95	100.14	108.55	58.54
Operating Cash Flow	3,165	1,897	2,449	812.76
Operating Cash Flow Growth	66.81%	-22.53%	201.31%	3647.48%
Capital Expenditures	-2,866	-1,704	-791.83	-839.58
Sale of Property, Plant & Equipment	9.28	22.91	7.92	7.8
Cash Acquisitions	-	-37.85	-	-549.44
Divestitures	-	-	302.3	7.53
Investment in Securities	-105.6	501.25	-1,103	121.02
Other Investing Activities	20.47	41.97	31.84	34.08
Investing Cash Flow	-2,942	-1,176	-1,553	-1,219
Short-Term Debt Issued	-	-	-	40.85
Long-Term Debt Issued	2,604	1,535	1,262	2,202
Total Debt Issued	2,604	1,535	1,262	2,243
Long-Term Debt Repaid	-932.73	-2,062	-1,974	-2,474
Total Debt Repaid	-932.73	-2,062	-1,974	-2,474
Net Debt Issued (Repaid)	1,671	-526.38	-711.36	-230.9
Issuance of Common Stock	67.92	198.78	32.61	2,665
Repurchase of Common Stock	-	-	-789.47	-2.43
Common Dividends Paid	-398.8	-206.59	-232.77	-167.6
Other Financing Activities	152.23	218.29	59.67	0.3
Financing Cash Flow	1,492	-315.89	-1,641	2,264
Foreign Exchange Rate Adjustments	38.83	20.3	64.39	-17.34
Net Cash Flow	1,754	425.37	-680.86	1,841
Free Cash Flow	298.43	192.67	1,657	-26.82
Free Cash Flow Growth	54.89%	-88.37%	-	-
Free Cash Flow Margin	1.25%	1.80%	17.19%	-0.35%
Free Cash Flow Per Share	0.27	0.17	1.49	-0.03
Cash Income Tax Paid	-1,114	-490.43	-676.05	-592.77
Levered Free Cash Flow	-1,977	-531.73	1,395	-1,216
Unlevered Free Cash Flow	-1,943	-505.54	1,435	-1,165
Change in Working Capital	-3,029	-729.85	399.22	-528.95

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