Pansoft Company 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	66.73	121.25	62.16	155.15	138.58
Depreciation & Amortization	33.37	19.11	22.57	10.47	7.12
Other Amortization	2.7	5.66	3.09	1.46	0.8
Loss (Gain) From Sale of Assets	-0.1	2.2	-0	0	-0.12
Asset Writedown & Restructuring Costs	19.5	9.2	0.05	0.02	0.87
Loss (Gain) From Sale of Investments	-4.27	-19.74	-9.97	-4.51	-12.97
Provision & Write-off of Bad Debts	-	7.23	16.12	5.76	4.57
Other Operating Activities	6.21	4.86	-3.58	-4.79	-3.11
Change in Accounts Receivable	-19.11	-67.04	-136.5	-157.08	-35.74
Change in Inventory	-44.03	3.91	-0.36	-15.23	-1.56
Change in Accounts Payable	48.28	24.84	-23.5	39.98	59.62
Change in Other Net Operating Assets	-11.69	5.05	10.01	22.11	6.93
Operating Cash Flow	94.54	115.72	-59.14	48.95	164.17
Operating Cash Flow Growth	-18.30%	-	-	-70.18%	77.43%
Capital Expenditures	-51.77	-63.36	-34.61	-33.08	-38.03
Sale of Property, Plant & Equipment	0.01	0.01	0.12	0.09	0.18
Cash Acquisitions	-	-	-13.23	-50.2	-
Investment in Securities	-60.06	-32.45	38.51	14.58	-215.63
Other Investing Activities	7.74	9.7	6.79	6.36	7.21
Investing Cash Flow	-104.08	-86.1	-2.41	-62.26	-246.27
Short-Term Debt Issued	-	-	10.79	20	-
Long-Term Debt Issued	249.28	-	-	-	-
Total Debt Issued	249.28	-	10.79	20	-
Short-Term Debt Repaid	-	-	-	-20	-
Long-Term Debt Repaid	-	-7.2	-20.78	-5.36	-5.42
Total Debt Repaid	-	-7.2	-20.78	-25.36	-5.42
Net Debt Issued (Repaid)	249.28	-7.2	-9.99	-5.36	-5.42
Issuance of Common Stock	12.84	-	98.58	17.11	421.8
Repurchase of Common Stock	-	-30.36	-	-	-
Common Dividends Paid	-30.1	-20.25	-43.13	-42.38	-26.45
Other Financing Activities	-17.49	0	16.66	24.78	-18.94
Financing Cash Flow	214.53	-57.81	62.11	-5.85	370.98
Foreign Exchange Rate Adjustments	-0.47	-0.1	-0.07	0.22	-0.53
Net Cash Flow	204.53	-28.29	0.49	-18.94	288.35
Free Cash Flow	42.77	52.36	-93.75	15.87	126.14
Free Cash Flow Growth	-18.32%	-	-	-87.42%	48.67%
Free Cash Flow Margin	5.18%	6.26%	-12.51%	2.29%	21.68%
Free Cash Flow Per Share	0.15	0.19	-0.33	0.06	0.51
Cash Income Tax Paid	49.66	48.21	46.63	32.57	28.12
Levered Free Cash Flow	-40.05	17.05	-107.05	-52.01	78.9
Unlevered Free Cash Flow	-40.05	17.8	-105.87	-51.63	79.28
Change in Working Capital	-29.59	-34.05	-149.58	-114.62	28.43

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