Sublime China Information Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	65.69	65.64	70.51	52.06	58.4	50.01
Depreciation & Amortization	34.03	34.03	20.97	14.05	12.84	12.73
Other Amortization	3.53	3.53	2.14	1.34	1.01	0.94
Loss (Gain) From Sale of Assets	0.08	0.08	-0.05	0.02	0.05	0.01
Asset Writedown & Restructuring Costs	-	-	-	-	0.46	0.17
Loss (Gain) From Sale of Investments	-14.95	-14.95	-16.05	-17.53	-3.28	-0.46
Provision & Write-off of Bad Debts	0.85	0.85	1.01	0.68	-	-
Other Operating Activities	3.11	6.32	0.87	0.66	0.62	0.71
Change in Accounts Receivable	-16.57	-16.57	-10.21	0.48	-5.28	-25.31
Change in Inventory	0.02	0.02	0.03	0.05	-0.14	0.01
Change in Accounts Payable	19.33	19.33	8.17	-10.51	14.84	64.52
Operating Cash Flow	94.62	97.78	76.71	43.41	81.76	105.12
Operating Cash Flow Growth	6.44%	27.47%	76.71%	-46.91%	-22.22%	35.64%
Capital Expenditures	-40.05	-35.3	-41.29	-23.55	-9.49	-8.5
Sale of Property, Plant & Equipment	0.13	0.03	0.13	0.03	0.07	0.01
Cash Acquisitions	-22.64	-17.82	-	-	-	-
Investment in Securities	16.26	39.85	95.69	-10	-590	30
Other Investing Activities	9.76	9.55	12.6	14.32	0.29	0.49
Investing Cash Flow	-36.55	-3.7	67.12	-19.2	-599.13	22.01
Long-Term Debt Repaid	-	-6.4	-4.53	-	-	-
Net Debt Issued (Repaid)	-6.4	-6.4	-4.53	-	-	-
Issuance of Common Stock	10.81	7.87	-	-	407.24	-
Common Dividends Paid	-102.64	-126.64	-126	-72	-	-
Other Financing Activities	-12.76	-11.73	-0.04	-3.67	-10.87	-1.81
Financing Cash Flow	-110.98	-136.9	-130.57	-75.67	396.37	-1.81
Net Cash Flow	-52.92	-42.83	13.26	-51.46	-120.99	125.32
Free Cash Flow	54.56	62.47	35.42	19.86	72.28	96.63
Free Cash Flow Growth	19.59%	76.37%	78.37%	-72.53%	-25.20%	67.51%
Free Cash Flow Margin	14.83%	17.55%	12.03%	7.00%	26.48%	38.57%
Free Cash Flow Per Share	0.91	1.04	0.59	0.33	1.52	2.15
Cash Income Tax Paid	31.18	31.24	22.21	17.03	21.87	22.08
Levered Free Cash Flow	-119.07	112.37	43.69	5.86	42.22	75.15
Unlevered Free Cash Flow	-118.6	112.84	44.12	6.28	42.61	75.6
Change in Working Capital	2.28	2.28	-2.7	-7.88	11.66	41.01

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