Beijing Huaru Technology 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	-212.78	-236	-354.3	-221.63	133.71	118.07
Depreciation & Amortization	43.71	43.71	39.4	37.56	27.33	20.9
Other Amortization	1.44	1.44	16.15	3.75	1.92	1.67
Loss (Gain) From Sale of Assets	-1.18	-1.18	-0.43	-0.61	-0	-0.41
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.01
Loss (Gain) From Sale of Investments	-6.59	-6.59	-11.13	-20.04	-6.14	-4.31
Provision & Write-off of Bad Debts	-	-	-7.48	34.76	30.01	13.41
Other Operating Activities	37.54	42.39	-2.68	3.39	4.94	4.51
Change in Accounts Receivable	-79.67	-79.67	212.64	128.54	-321.09	-133.64
Change in Inventory	38	38	41.08	-57.37	-2.6	-99.41
Change in Accounts Payable	13.68	13.68	54.24	-69.13	-38.27	131.65
Operating Cash Flow	-158.89	-177.26	-94.39	-245.8	-168.02	41.21
Operating Cash Flow Growth	-	-	-	-	-	-62.66%
Capital Expenditures	-17.64	-70.99	-29.13	-58.05	-12.09	-15.17
Sale of Property, Plant & Equipment	0.04	0.06	-	-	-	0
Investment in Securities	223.77	-	25.5	-46.57	-50	20
Other Investing Activities	6.32	6.59	11.13	16.28	6.43	4.31
Investing Cash Flow	212.5	-64.34	7.5	-88.34	-55.65	9.14
Long-Term Debt Issued	-	54.48	-	-	-	-
Total Debt Issued	10	54.48	-	-	-	-
Long-Term Debt Repaid	-	-20.88	-19.18	-20	-16.16	-73.99
Total Debt Repaid	-21.87	-20.88	-19.18	-20	-16.16	-73.99
Net Debt Issued (Repaid)	-11.87	33.6	-19.18	-20	-16.16	-73.99
Issuance of Common Stock	10.18	10.18	-	-	1,275	-
Repurchase of Common Stock	-	-	-50.82	-	-	-
Common Dividends Paid	-0.17	-0.17	-	-	-	-3.24
Other Financing Activities	-9.3	-28.44	-	-	-	-
Financing Cash Flow	-11.16	15.17	-70.01	-20	1,259	-77.22
Foreign Exchange Rate Adjustments	-0	-0	-	-	-	-
Net Cash Flow	42.44	-226.43	-156.89	-354.15	1,035	-26.87
Free Cash Flow	-176.53	-248.25	-123.52	-303.85	-180.11	26.04
Free Cash Flow Growth	-	-	-	-	-	-74.68%
Free Cash Flow Margin	-45.55%	-82.02%	-49.54%	-83.93%	-21.62%	3.79%
Free Cash Flow Per Share	-1.13	-1.58	-0.78	-1.92	-1.31	0.22
Cash Income Tax Paid	7.42	5.23	9.23	13.42	31.86	32.43
Levered Free Cash Flow	565.67	-	72.79	-179.75	-220.82	-6.87
Unlevered Free Cash Flow	565.67	-	73.91	-178.73	-220.44	-5.02
Change in Working Capital	-21.02	-21.02	226.09	-82.97	-359.79	-112.65

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.