Sino Wealth Electronic 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	60.16	134.13	186.31	323	370.65
Depreciation & Amortization	29.63	36.63	32.43	28.72	27.77
Other Amortization	24.88	2.41	2.38	0.59	-
Loss (Gain) From Sale of Assets	-	-	-0.27	-	-
Asset Writedown & Restructuring Costs	0.01	-0	0.06	0.01	-
Loss (Gain) From Sale of Investments	-7.83	-3.44	-28.15	-5.94	-14.58
Provision & Write-off of Bad Debts	0.5	-0.6	-0.71	0.25	1.28
Other Operating Activities	5.41	-29.59	-8.16	-3.45	6.71
Change in Accounts Receivable	34.56	55.26	-165	65.31	-344.8
Change in Inventory	128.63	77.86	-189.32	-352.23	-109.95
Change in Accounts Payable	-87.98	-84.84	138.97	-54.41	56.25
Change in Other Net Operating Assets	20.19	-4.53	3.21	4.5	9.12
Operating Cash Flow	195.03	183.48	-29.7	3.5	3.31
Operating Cash Flow Growth	6.30%	-	-	5.93%	-98.47%
Capital Expenditures	-46.87	-183.73	-72.79	-102.33	-128.24
Sale of Property, Plant & Equipment	-	0.01	-	0	-
Investment in Securities	-98.86	18.46	-29.4	213.7	258.13
Other Investing Activities	2.37	2.48	2.41	7.75	17.4
Investing Cash Flow	-143.36	-162.78	-99.78	119.12	147.29
Short-Term Debt Issued	59	79.97	50.1	124.81	-
Total Debt Issued	59	79.97	50.1	124.81	-
Short-Term Debt Repaid	-81.96	-20	-97.23	-58.81	-
Long-Term Debt Repaid	-2.74	-2.75	-2.51	-2.45	-2.66
Total Debt Repaid	-84.71	-22.75	-99.73	-61.26	-2.66
Net Debt Issued (Repaid)	-25.71	57.22	-49.63	63.55	-2.66
Issuance of Common Stock	-	-	-	-	48.55
Repurchase of Common Stock	-0.01	-8.98	-46.59	-20	-2.83
Common Dividends Paid	-69.56	-69.23	-136.3	-149.9	-135.77
Other Financing Activities	25.91	-0.12	322.76	-	0.08
Financing Cash Flow	-69.35	-21.11	90.24	-106.35	-92.62
Foreign Exchange Rate Adjustments	-2.44	3.89	2.82	9.42	-3.09
Net Cash Flow	-20.12	3.47	-36.42	25.69	54.89
Free Cash Flow	148.16	-0.25	-102.49	-98.83	-124.94
Free Cash Flow Margin	11.54%	-0.02%	-7.88%	-6.17%	-8.36%
Free Cash Flow Per Share	0.43	-0.00	-0.30	-0.29	-0.37
Cash Income Tax Paid	14.98	-9.28	-10.57	65.67	41.96
Levered Free Cash Flow	37.62	36.75	-265.35	-200.43	69.73
Unlevered Free Cash Flow	38.81	37.75	-264.1	-199.56	70.06
Change in Working Capital	82.26	43.94	-213.59	-339.68	-388.54

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