Huizhong Instrumentation 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	57.72	104.3	108.52	155.19
Depreciation & Amortization	23.74	23.52	22.89	20.87
Other Amortization	2.93	2.13	1.21	0.57
Loss (Gain) From Sale of Assets	-0	-	-0.03	0.06
Asset Writedown & Restructuring Costs	0	-	-	-
Loss (Gain) From Sale of Investments	-2.49	-1.5	-1.5	-4.09
Provision & Write-off of Bad Debts	-1.69	13.85	22.35	8.39
Other Operating Activities	0.59	0.89	0.07	0.88
Change in Accounts Receivable	49.51	-56.02	-65.54	-94.54
Change in Inventory	-8.86	26.37	-85.92	-82.12
Change in Accounts Payable	-29.32	-56.27	18.06	4.06
Change in Other Net Operating Assets	0.53	5.03	5.53	7.91
Operating Cash Flow	83.58	59.93	24.82	15.31
Operating Cash Flow Growth	39.45%	141.42%	62.18%	-85.73%
Capital Expenditures	-14.34	-14.14	-13.6	-41.67
Sale of Property, Plant & Equipment	0	0	0.12	0.13
Investment in Securities	-51.52	-24.1	49	35
Other Investing Activities	3.19	2.12	3.08	5.56
Investing Cash Flow	-62.66	-36.12	38.6	-0.97
Short-Term Debt Issued	-	1.78	-	-
Total Debt Issued	-	1.78	-	-
Short-Term Debt Repaid	-2.25	-0.47	-0.31	-
Long-Term Debt Repaid	-	-	-	-0.32
Total Debt Repaid	-2.25	-0.47	-0.31	-0.32
Net Debt Issued (Repaid)	-2.25	1.31	-0.31	-0.32
Issuance of Common Stock	13.42	17.24	6.5	5.04
Repurchase of Common Stock	-14.19	-11	-14.64	-13.48
Common Dividends Paid	-32.16	-16.78	-46.68	-38.42
Other Financing Activities	0.02	-	-	-
Financing Cash Flow	-35.17	-9.23	-55.14	-47.18
Foreign Exchange Rate Adjustments	0.21	0.45	-0.04	-0.17
Net Cash Flow	-14.04	15.04	8.24	-33.02
Free Cash Flow	69.24	45.79	11.23	-26.37
Free Cash Flow Growth	51.20%	307.92%	-	-
Free Cash Flow Margin	17.95%	9.24%	2.21%	-5.04%
Free Cash Flow Per Share	0.35	0.23	0.06	-0.13
Cash Income Tax Paid	51.17	31.65	40.44	36.53
Levered Free Cash Flow	38	-19.22	49.77	-58.83
Unlevered Free Cash Flow	38.04	-19.2	49.79	-58.83
Change in Working Capital	2.78	-83.25	-128.68	-166.57

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