BOE HC SemiTek 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	-438.08	-611.17	-845.69	-147.04	93.62
Depreciation & Amortization	884.71	851.27	828.8	710.44	731.21
Other Amortization	8.39	12.72	13.14	9.25	2.13
Loss (Gain) From Sale of Assets	-1.45	1.92	-0.49	-0.04	0.73
Asset Writedown & Restructuring Costs	341.86	0.59	52.51	7.26	2.61
Loss (Gain) From Sale of Investments	14.92	-7.41	-2.53	-3.01	1.77
Provision & Write-off of Bad Debts	-	8.46	10.19	-3.9	11.92
Other Operating Activities	145.79	359.16	424.4	362.6	178.37
Change in Accounts Receivable	-685.02	-401.39	-317.48	471.87	-159.04
Change in Inventory	-1,030	-278.18	-37.05	-322.87	-321.24
Change in Accounts Payable	119.05	309.81	164.76	-279.13	-311.84
Change in Other Net Operating Assets	67.2	12.05	-	-	25.91
Operating Cash Flow	-645.41	111.9	105.12	732.57	248.83
Operating Cash Flow Growth	-	6.45%	-85.65%	194.41%	-
Capital Expenditures	-1,151	-2,130	-501.65	-859.86	-1,163
Sale of Property, Plant & Equipment	6.87	0.36	5.24	1.23	0.6
Divestitures	-	-	-	-	10.41
Investment in Securities	-84.46	278.57	-319.74	-144.37	-220.69
Other Investing Activities	1.54	7.21	4.05	2.63	1.39
Investing Cash Flow	-1,227	-1,844	-812.09	-1,000	-1,372
Long-Term Debt Issued	4,260	2,880	1,527	2,516	2,068
Long-Term Debt Repaid	-2,719	-1,761	-2,364	-2,140	-2,006
Net Debt Issued (Repaid)	1,540	1,119	-837.1	376.3	61.95
Issuance of Common Stock	-	16.95	2,104	-	-
Common Dividends Paid	-118.14	-95.12	-103.43	-122.7	-111.73
Other Financing Activities	290.58	-39.76	215.97	46.08	359.73
Financing Cash Flow	1,713	1,001	1,380	299.68	309.95
Foreign Exchange Rate Adjustments	-1.8	5.04	2.94	2.36	-2.38
Net Cash Flow	-161.45	-726.29	675.68	34.24	-815.26
Free Cash Flow	-1,796	-2,018	-396.52	-127.28	-914.55
Free Cash Flow Margin	-33.22%	-48.92%	-13.66%	-5.41%	-28.98%
Free Cash Flow Per Share	-1.11	-1.25	-0.28	-0.10	-0.78
Cash Income Tax Paid	34.48	37.03	23.63	-371.03	43.79
Levered Free Cash Flow	-1,628	-1,317	67.82	-354.42	-1,415
Unlevered Free Cash Flow	-1,628	-1,255	133.55	-300.25	-1,350
Change in Working Capital	-1,602	-503.64	-375.21	-203.01	-773.53

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