Huizhong Instrumentation 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	67.53	57.72	104.3	108.52	155.19
Depreciation & Amortization	25.14	23.74	23.52	22.89	20.87
Other Amortization	1.75	2.93	2.13	1.21	0.57
Loss (Gain) From Sale of Assets	-0.17	-0	-	-0.03	0.06
Asset Writedown & Restructuring Costs	2.96	0	-	-	-
Loss (Gain) From Sale of Investments	-1.5	-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	12.8	0.59	0.89	0.07	0.88
Change in Accounts Receivable	-41.31	49.51	-56.02	-65.54	-94.54
Change in Inventory	35.01	-8.86	26.37	-85.92	-82.12
Change in Accounts Payable	52.43	-29.32	-56.27	18.06	4.06
Change in Other Net Operating Assets	5.28	0.53	5.03	5.53	7.91
Operating Cash Flow	156.31	83.58	59.93	24.82	15.31
Operating Cash Flow Growth	87.02%	39.45%	141.42%	62.18%	-85.73%
Capital Expenditures	-32.41	-14.34	-14.14	-13.6	-41.67
Sale of Property, Plant & Equipment	0.16	0	0	0.12	0.13
Investment in Securities	-1	-51.52	-24.1	49	35
Other Investing Activities	-55.96	3.19	2.12	3.08	5.56
Investing Cash Flow	-89.21	-62.66	-36.12	38.6	-0.97
Short-Term Debt Issued	-	-	1.78	-	-
Long-Term Debt Issued	14.7	-	-	-	-
Total Debt Issued	14.7	-	1.78	-	-
Short-Term Debt Repaid	-	-2.25	-0.47	-0.31	-
Long-Term Debt Repaid	-0.42	-	-	-	-0.32
Total Debt Repaid	-0.42	-2.25	-0.47	-0.31	-0.32
Net Debt Issued (Repaid)	14.28	-2.25	1.31	-0.31	-0.32
Issuance of Common Stock	-	13.08	17.24	6.5	5.04
Repurchase of Common Stock	-	-14.19	-11	-14.64	-13.48
Common Dividends Paid	-18.26	-32.16	-16.78	-46.68	-38.42
Other Financing Activities	-0.94	0.35	-	-	-
Financing Cash Flow	-4.92	-35.17	-9.23	-55.14	-47.18
Foreign Exchange Rate Adjustments	1.93	0.21	0.45	-0.04	-0.17
Net Cash Flow	64.1	-14.04	15.04	8.24	-33.02
Free Cash Flow	123.9	69.24	45.79	11.23	-26.37
Free Cash Flow Growth	78.94%	51.20%	307.92%	-	-
Free Cash Flow Margin	27.50%	17.95%	9.24%	2.21%	-5.04%
Free Cash Flow Per Share	0.62	0.35	0.23	0.06	-0.13
Cash Income Tax Paid	26.87	51.17	31.65	40.44	36.53
Levered Free Cash Flow	114.6	38	-19.22	49.77	-58.83
Unlevered Free Cash Flow	114.6	38.04	-19.2	49.79	-58.83
Change in Working Capital	47.8	2.78	-83.25	-128.68	-166.57

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