XDC Industries (Shenzhen) 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	-31.07	-18.33	60.34	46.48	6.93
Depreciation & Amortization	25.06	23.3	24.02	25.75	19.76
Other Amortization	4.32	4.55	3.18	2.66	3.04
Loss (Gain) From Sale of Assets	-0.01	-0	0	0.71	-
Asset Writedown & Restructuring Costs	37.93	0.03	0.04	0.54	0.03
Loss (Gain) From Sale of Investments	17.18	-5.65	-5	-5.28	-3.73
Provision & Write-off of Bad Debts	-	-3.68	2.02	6.53	0.46
Other Operating Activities	-0.14	3.57	18.72	5.67	3.53
Change in Accounts Receivable	-104.93	-17.1	148.76	-194.37	-20.43
Change in Inventory	-41.92	7.28	28.71	-56.04	-10.82
Change in Accounts Payable	115.57	-2.02	-156.56	181.23	19.98
Change in Other Net Operating Assets	-4.2	7.95	14.3	16.21	9.45
Operating Cash Flow	19.74	-0.94	138.69	30.33	26.12
Operating Cash Flow Growth	-	-	357.28%	16.12%	-33.42%
Capital Expenditures	-59.23	-29.12	-22.14	-15.88	-13.64
Sale of Property, Plant & Equipment	0.09	0	0.07	0.08	0
Investment in Securities	-62.5	-4.33	34.24	-105.47	33.9
Other Investing Activities	102.75	-	-	-	-
Investing Cash Flow	-18.88	-33.45	12.17	-121.27	20.26
Short-Term Debt Issued	-	32.56	-	10	-
Long-Term Debt Issued	122.3	1.31	1.18	0.3	-
Total Debt Issued	122.3	33.87	1.18	10.3	-
Short-Term Debt Repaid	-	-30	-10	-	-10
Long-Term Debt Repaid	-12.47	-13.76	-9.98	-5.95	-5.74
Total Debt Repaid	-12.47	-43.76	-19.98	-5.95	-15.74
Net Debt Issued (Repaid)	109.84	-9.89	-18.8	4.35	-15.74
Issuance of Common Stock	1.23	10.43	11.63	7.4	6.71
Common Dividends Paid	-11.12	-19.49	-19.67	-11.26	-9.62
Other Financing Activities	-13.45	-9.77	-85.72	-	-
Financing Cash Flow	86.51	-28.72	-112.56	0.48	-18.65
Foreign Exchange Rate Adjustments	-0.48	0.84	1.43	2.78	-1.14
Net Cash Flow	86.89	-62.27	39.74	-87.68	26.6
Free Cash Flow	-39.49	-30.06	116.55	14.45	12.47
Free Cash Flow Growth	-	-	706.71%	15.82%	-22.88%
Free Cash Flow Margin	-8.34%	-10.85%	18.92%	2.80%	4.51%
Free Cash Flow Per Share	-0.18	-0.16	0.60	0.08	0.07
Cash Income Tax Paid	-1.79	-10.86	6.66	4.66	3.47
Levered Free Cash Flow	-22.68	-42.03	105.38	-2.15	14.51
Unlevered Free Cash Flow	-22.68	-40.74	107.1	-0.98	14.83
Change in Working Capital	-33.54	-4.73	35.37	-52.73	-3.89

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