QuakeSafe Technologies Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-106.5	-141.04	-41.13	100.24	87.46	160.72
Depreciation & Amortization	55.21	55.21	53.02	33.01	19.65	11.15
Other Amortization	3.03	3.03	0.16	0.12	0.14	0.47
Loss (Gain) From Sale of Assets	-1.75	-1.75	-0.5	2.03	-0.09	0.26
Asset Writedown & Restructuring Costs	17.98	17.98	0.17	59.01	21.31	9.78
Loss (Gain) From Sale of Investments	-2.29	-2.29	-2.5	-1.2	-3.67	-4.69
Provision & Write-off of Bad Debts	70.31	70.31	54.09	-	-	-
Other Operating Activities	42.76	27.56	32.7	23.86	6.68	0.98
Change in Accounts Receivable	70.46	70.46	-77	-267.9	-243.87	-124.28
Change in Inventory	-34.88	-34.88	-17.24	60.26	-137.67	-49.22
Change in Accounts Payable	44.3	44.3	95.12	-56.92	53.22	170.3
Change in Other Net Operating Assets	-	-	1.01	10.49	21.19	-52.63
Operating Cash Flow	145.86	96.12	77.88	-38.01	-182.85	120.6
Operating Cash Flow Growth	-30.02%	23.43%	-	-	-	-
Capital Expenditures	-26.21	-46.27	-81.44	-149.47	-212.38	-156.52
Sale of Property, Plant & Equipment	0.05	5.6	0.1	1.67	0.37	0.25
Investment in Securities	-	-	-	-30.85	-	-
Other Investing Activities	2.1	1.96	2.21	1.49	7.45	4.69
Investing Cash Flow	-24.06	-38.71	-79.13	-177.17	-204.56	-151.58
Short-Term Debt Issued	-	-	-	-	-	91.84
Long-Term Debt Issued	-	202.5	353.23	364.17	427.12	-
Total Debt Issued	121.39	202.5	353.23	364.17	427.12	91.84
Short-Term Debt Repaid	-	-	-	-	-	-44.31
Long-Term Debt Repaid	-	-291.81	-288.49	-197.11	-128.55	-
Total Debt Repaid	-213.34	-291.81	-288.49	-197.11	-128.55	-44.31
Net Debt Issued (Repaid)	-91.95	-89.31	64.74	167.06	298.57	47.53
Issuance of Common Stock	4.78	-	-	246.23	-	-
Common Dividends Paid	-9.09	-14.14	-34.47	-28.79	-37.81	-19.3
Other Financing Activities	8.25	7.73	12.42	8.57	1.57	-
Financing Cash Flow	-88.02	-95.71	42.68	393.06	262.33	28.23
Net Cash Flow	33.7	-38.3	41.43	177.88	-125.08	-2.76
Free Cash Flow	119.65	49.86	-3.57	-187.48	-395.23	-35.93
Free Cash Flow Growth	-15.38%	-	-	-	-	-
Free Cash Flow Margin	22.82%	11.95%	-0.51%	-20.89%	-58.96%	-6.19%
Free Cash Flow Per Share	0.44	0.20	-0.01	-0.77	-1.63	-0.15
Cash Income Tax Paid	37.88	30.96	68.77	66.78	69.19	57.21
Levered Free Cash Flow	168.24	111.43	-67.51	-274.57	-414.05	-43.39
Unlevered Free Cash Flow	173.78	127.55	-48.28	-260.22	-408.43	-42.78
Change in Working Capital	67.11	67.11	-18.13	-255.06	-314.33	-58.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.