Empyrean Technology 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	59.99	109.48	200.72	185.51	139.31	103.56
Depreciation & Amortization	123.26	123.26	113.23	93.34	60.99	10.02
Other Amortization	6.04	6.04	8.58	14.47	10.82	13.17
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.11	-0.12	-0.04	-0.24
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.21
Loss (Gain) From Sale of Investments	-49.7	-49.7	1.38	3.94	1.71	4.22
Provision & Write-off of Bad Debts	21.45	21.45	3.54	2.24	-1.27	6.11
Other Operating Activities	263.9	-11.63	-4.94	17.62	5.65	-0.41
Change in Accounts Receivable	-	-	-	33.78	-79.26	-165.36
Change in Inventory	-7.5	-7.5	21.82	-18.83	-20.01	9.12
Change in Accounts Payable	-414.28	-414.28	-97.59	113.67	194.39	176.16
Change in Other Net Operating Assets	178.51	178.51	5.64	-	-	-
Operating Cash Flow	174.27	-51.78	248.52	445.61	312.28	156.56
Operating Cash Flow Growth	337.45%	-	-44.23%	42.70%	99.46%	201.13%
Capital Expenditures	-78.54	-79.11	-114.68	-420.22	-378.13	-365.4
Sale of Property, Plant & Equipment	0.05	0.03	0	-	0.06	-
Cash Acquisitions	-	-	1.42	-	-	-
Divestitures	-	-	0.25	-	-	-
Investment in Securities	-2,017	-1,739	417.04	-1,130	-71.4	-73.47
Other Investing Activities	38.84	4.41	28.64	11.22	8.29	9.98
Investing Cash Flow	-2,057	-1,813	332.67	-1,539	-441.18	-428.88
Long-Term Debt Issued	-	-	100	78	88.67	118.08
Long-Term Debt Repaid	-	-87.29	-76.88	-239.81	-15.81	-
Net Debt Issued (Repaid)	-43.74	-87.29	23.12	-161.81	72.86	118.08
Issuance of Common Stock	127.09	-	-	3,479	-	292.5
Common Dividends Paid	-84.18	-82.87	-83.05	-9.28	-9.54	-21.28
Other Financing Activities	-2.6	-	-	-11.55	-2.1	-
Financing Cash Flow	-3.43	-170.16	-59.93	3,296	61.22	389.3
Foreign Exchange Rate Adjustments	4.71	-0.58	0.19	1.37	-0.34	-3.15
Net Cash Flow	-1,881	-2,036	521.44	2,204	-68.02	113.83
Free Cash Flow	95.73	-130.88	133.84	25.39	-65.85	-208.84
Free Cash Flow Growth	-	-	427.03%	-	-	-
Free Cash Flow Margin	7.46%	-10.71%	13.25%	3.18%	-11.37%	-50.35%
Free Cash Flow Per Share	0.17	-0.24	0.25	0.05	-0.15	-0.63
Cash Income Tax Paid	70.64	58.24	52.1	1.72	32.23	15.15
Levered Free Cash Flow	-766.96	-265.28	80.19	-236.47	-304.67	-356.69
Unlevered Free Cash Flow	-763.97	-263.2	81.7	-229.22	-303.47	-356.69
Change in Working Capital	-250.65	-250.65	-73.89	128.62	95.12	19.93

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