Ningbo Homelink Eco-iTech 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	Dec '21 Dec 31, 2021
Net Income	-75.71	57	45.36	179.22	71.2
Depreciation & Amortization	282.46	200.87	140.6	90.99	60.12
Other Amortization	30.73	24.8	20.6	18.97	18.2
Loss (Gain) From Sale of Assets	2.31	-44.62	0.42	-0.4	0.73
Asset Writedown & Restructuring Costs	-18.05	15.29	44.69	2.53	0.17
Loss (Gain) From Sale of Investments	2.25	0.87	-0.24	-7.32	-
Provision & Write-off of Bad Debts	-	0.33	7.37	11.63	0.35
Other Operating Activities	39.04	54.05	0.76	13.03	15.17
Change in Accounts Receivable	-886.17	-762.7	-135.53	-98.35	-2.91
Change in Inventory	-239.16	-59.68	-95.49	62.89	-85.87
Change in Accounts Payable	1,003	875.72	124.45	378.05	31.25
Operating Cash Flow	113.46	339.03	146.25	653.65	108.2
Operating Cash Flow Growth	-66.53%	131.81%	-77.63%	504.13%	-39.76%
Capital Expenditures	-937.72	-1,094	-809.75	-423.46	-156.14
Sale of Property, Plant & Equipment	4.25	3.85	71.16	1.56	0.34
Cash Acquisitions	-11.2	-4.1	-41.41	-73.21	-
Investment in Securities	-0.32	-	0.25	-	-
Other Investing Activities	-	0.34	0.04	8.74	-
Investing Cash Flow	-944.99	-1,094	-779.71	-486.37	-155.79
Short-Term Debt Issued	-	-	-	91.91	185.23
Long-Term Debt Issued	1,060	797.75	1,227	414.9	333.01
Total Debt Issued	1,060	797.75	1,227	506.81	518.25
Short-Term Debt Repaid	-	-	-	-165.67	-221.14
Long-Term Debt Repaid	-365.32	-571.95	-254.81	-570.86	-327.79
Total Debt Repaid	-365.32	-571.95	-254.81	-736.53	-548.94
Net Debt Issued (Repaid)	694.36	225.8	972.16	-229.72	-30.69
Issuance of Common Stock	-	0	-	-	921.9
Common Dividends Paid	-37.97	-60.12	-50.72	-43.27	-13.26
Other Financing Activities	80.92	-13.15	18.66	-101.07	-65.26
Financing Cash Flow	737.31	152.53	940.1	-374.05	812.69
Foreign Exchange Rate Adjustments	1.92	12.62	5.98	10.5	-0.42
Net Cash Flow	-92.3	-590.21	312.62	-196.27	764.68
Free Cash Flow	-824.26	-755.45	-663.5	230.19	-47.94
Free Cash Flow Margin	-30.67%	-32.48%	-38.55%	11.65%	-3.88%
Free Cash Flow Per Share	-4.28	-3.95	-3.46	1.20	-0.33
Cash Income Tax Paid	-	-94.62	-69.77	-92.89	-24.75
Levered Free Cash Flow	-497.93	-845.68	-755.17	205.67	-190.82
Unlevered Free Cash Flow	-451.24	-806.65	-744.67	215.04	-182.86
Change in Working Capital	-149.57	30.43	-113.31	344.99	-57.74

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