Shenzhen Sunline Tech 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	20.6	18.59	32.15	22.48	126.15
Depreciation & Amortization	62.09	15.71	17.69	69.6	64.88
Other Amortization	0.35	56.42	57.49	1.99	1.84
Loss (Gain) From Sale of Assets	0.04	0.17	0.03	0.13	0.01
Asset Writedown & Restructuring Costs	43.93	16.55	18.95	39.18	8.83
Loss (Gain) From Sale of Investments	-0.45	0.85	3.01	2.37	-0.6
Provision & Write-off of Bad Debts	-	58.26	12.63	15.53	0.8
Other Operating Activities	-28.6	12.83	14.12	26.78	20.06
Change in Accounts Receivable	83.21	35.25	-130.53	-290.7	-139.37
Change in Inventory	-100.11	-293.33	19.3	87.26	-173.59
Change in Accounts Payable	63.67	178.71	25.21	-64.04	121.43
Change in Other Net Operating Assets	-3.1	22.1	34.84	-	-
Operating Cash Flow	147.98	120.24	105.7	-83.18	33.44
Operating Cash Flow Growth	23.08%	13.75%	-	-	-76.34%
Capital Expenditures	-97.89	-57.11	-54.4	-59.74	-56.22
Sale of Property, Plant & Equipment	0.01	0.01	0.01	0.23	0
Cash Acquisitions	-	-	-0.99	-	-5.46
Divestitures	-	-5	-0.15	-	6.85
Investment in Securities	16.9	-18	-	-1.38	-5.86
Other Investing Activities	-2.52	-	5	0.25	0.25
Investing Cash Flow	-83.51	-80.1	-50.53	-60.64	-26.48
Long-Term Debt Issued	210.05	526.1	820	825.4	498.82
Long-Term Debt Repaid	-225	-859.11	-884.2	-705.25	-361.42
Total Debt Repaid	-225	-859.11	-884.2	-705.25	-361.42
Net Debt Issued (Repaid)	-14.95	-333.01	-64.2	120.15	137.41
Issuance of Common Stock	27.72	464.62	7.31	57.8	-
Repurchase of Common Stock	-	-1.5	-3.85	-	-2.02
Common Dividends Paid	-10.44	-16.29	-17.5	-41.41	-60.34
Other Financing Activities	-10.18	11.82	-5.27	-9.63	-
Financing Cash Flow	-7.85	125.64	-83.5	126.9	75.04
Foreign Exchange Rate Adjustments	-3.61	1.14	1.4	4.82	-5.23
Net Cash Flow	53.01	166.91	-26.93	-12.11	76.77
Free Cash Flow	50.09	63.13	51.3	-142.93	-22.78
Free Cash Flow Growth	-20.65%	23.05%	-	-	-
Free Cash Flow Margin	2.56%	3.64%	2.67%	-7.57%	-1.45%
Free Cash Flow Per Share	0.06	0.08	0.07	-0.20	-0.03
Cash Income Tax Paid	88.56	92.49	86.21	69.43	62.3
Levered Free Cash Flow	33.77	33.03	6.32	-199.84	-29.65
Unlevered Free Cash Flow	33.77	38.81	13.84	-189.61	-21.85
Change in Working Capital	50.03	-59.14	-50.35	-261.26	-188.55

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