Doright 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	70.8	96.72	38.66	65.58	42.9	61.52
Depreciation & Amortization	15.57	15.57	13.23	11.85	11.63	11.53
Other Amortization	0.65	0.65	-	-	-	-
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0	-0.14	-0.15	-0.07
Asset Writedown & Restructuring Costs	-0.01	-0.01	0.66	-0.95	2.65	0.58
Loss (Gain) From Sale of Investments	-4.18	-4.18	-3.76	-2.16	-2.54	-1.58
Provision & Write-off of Bad Debts	19.63	19.63	4.49	7.55	-	-
Other Operating Activities	91.35	0.39	0.3	-3.91	3.09	4.35
Change in Accounts Receivable	-38.06	-38.06	-14.85	-23.36	-31.21	12.96
Change in Inventory	13.19	13.19	-130.19	-46.07	-5.84	3.39
Change in Accounts Payable	-49.82	-49.82	167.98	75.76	17.57	-9.35
Change in Other Net Operating Assets	2.57	2.57	7.27	1.16	-	1.21
Operating Cash Flow	118.73	53.69	82.14	84.57	37.22	84.89
Operating Cash Flow Growth	140.06%	-34.63%	-2.88%	127.18%	-56.15%	2.05%
Capital Expenditures	-49.82	-132.64	-129.35	-36.23	-9.18	-3.42
Sale of Property, Plant & Equipment	-	0.04	0.05	0.28	0.59	0.04
Investment in Securities	-23.23	50	65	-90	-75	32
Other Investing Activities	0.51	1.26	4.48	2.16	2.54	1.92
Investing Cash Flow	-72.54	-81.34	-59.83	-123.79	-81.05	30.54
Short-Term Debt Issued	-	-	10	-	10	-
Total Debt Issued	20	-	10	-	10	-
Short-Term Debt Repaid	-	-16.64	-	-10	-	-10
Long-Term Debt Repaid	-	-0.2	-0.4	-0.58	-0.33	-
Total Debt Repaid	-11.03	-16.84	-0.4	-10.58	-0.33	-10
Net Debt Issued (Repaid)	8.97	-16.84	9.6	-10.58	9.67	-10
Issuance of Common Stock	15.64	-	4.76	-	191.23	-
Common Dividends Paid	-32.02	-23.02	-15.43	-10.53	-10	-45.23
Dividends Paid	-32.02	-23.02	-15.43	-10.53	-10	-45.23
Other Financing Activities	-2.23	-	-0.02	-	-12.54	-2.53
Financing Cash Flow	-9.63	-39.85	-1.09	-21.11	178.35	-57.76
Foreign Exchange Rate Adjustments	1.24	4.27	0.84	9.67	-2.9	-4.14
Net Cash Flow	37.81	-63.23	22.05	-50.66	131.62	53.54
Free Cash Flow	68.92	-78.95	-47.21	48.34	28.04	81.47
Free Cash Flow Growth	-	-	-	72.36%	-65.58%	7.43%
Free Cash Flow Margin	14.67%	-15.51%	-15.23%	14.94%	9.52%	32.52%
Free Cash Flow Per Share	0.45	-0.52	-0.32	0.32	0.19	0.72
Cash Income Tax Paid	12.76	13.69	0.31	6.05	-1.54	10.55
Levered Free Cash Flow	-25.33	-164.53	-49.99	23.89	34.27	42.45
Unlevered Free Cash Flow	-24.62	-164.29	-49.63	24.32	34.39	42.58
Change in Working Capital	-75.07	-75.07	28.56	6.76	-20.37	8.55

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