Shenzhen Manst Technology 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	-135.89	30.7	341.37	203.22	95.17
Depreciation & Amortization	100.86	61.22	22.61	10.53	6.28
Other Amortization	10.81	9.31	2.09	0.93	0.52
Loss (Gain) From Sale of Assets	-1.16	-1.57	-0.18	0	-
Asset Writedown & Restructuring Costs	33.96	-1.84	-7.31	-	0.88
Loss (Gain) From Sale of Investments	-24.88	-30.56	-13.94	-2.72	-1.87
Provision & Write-off of Bad Debts	-	36.22	20.33	13.64	7.24
Other Operating Activities	30.6	53.36	5.37	8.09	0.31
Change in Accounts Receivable	-5.43	-293.99	-277.04	-326.8	-120.26
Change in Inventory	-177.13	-241.94	-231.34	-85	-72.28
Change in Accounts Payable	-451.42	291.98	57.54	260.5	110.72
Change in Other Net Operating Assets	0.16	3.25	5.51	6.97	9.62
Operating Cash Flow	-652.59	-109.91	-79.03	85.62	34.9
Operating Cash Flow Growth	-	-	-	145.35%	-25.21%
Capital Expenditures	-169.91	-306.6	-108.43	-41.92	-37.7
Sale of Property, Plant & Equipment	0.61	-	-	-	-
Cash Acquisitions	-1.2	-	-8.37	-	-
Investment in Securities	593.63	99.68	-1,158	-50	-60
Other Investing Activities	-55.48	31.46	13.94	2.66	1.36
Investing Cash Flow	367.65	-175.46	-1,260	-89.26	-96.34
Long-Term Debt Issued	1,142	1,074	1.41	-	-
Long-Term Debt Repaid	-788.96	-831.07	-89.3	-5.76	-
Net Debt Issued (Repaid)	352.57	242.65	-87.89	-5.76	-
Issuance of Common Stock	-	-	2,152	-	40
Repurchase of Common Stock	-	-46.97	-	-	-
Common Dividends Paid	-12.73	-105.89	-1.99	-	-
Other Financing Activities	-112.63	-5.41	-47.9	-10.89	-8.48
Financing Cash Flow	227.21	84.38	2,014	-16.65	31.52
Foreign Exchange Rate Adjustments	-0.41	-1.05	-0.23	0.3	-
Net Cash Flow	-58.14	-202.03	674.1	-19.99	-29.93
Free Cash Flow	-822.5	-416.5	-187.46	43.7	-2.81
Free Cash Flow Margin	-76.99%	-24.52%	-23.58%	8.95%	-1.17%
Free Cash Flow Per Share	-5.76	-2.85	-1.43	0.41	-0.03
Cash Income Tax Paid	46.98	94.03	126.47	43.01	33.32
Levered Free Cash Flow	-886.79	-359.86	-336.33	0.71	-28.8
Unlevered Free Cash Flow	-886.79	-346.93	-334.87	1.35	-28.22
Change in Working Capital	-666.9	-266.77	-449.38	-148.07	-73.63

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