Matrix Design 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	57.83	33.7	33.95	165.46	219.85	160.24
Depreciation & Amortization	16.23	16.23	11.26	11.14	8.21	3.23
Other Amortization	6.75	6.75	1.61	1.51	1.51	1.49
Loss (Gain) From Sale of Assets	-0.14	-0.14	-0.86	-	-	-
Asset Writedown & Restructuring Costs	0.78	0.78	2.49	2.19	-	0.88
Loss (Gain) From Sale of Investments	-19.71	-19.71	-6.23	-	-	-9.32
Provision & Write-off of Bad Debts	45.31	45.31	70.62	38.38	47.72	9.39
Other Operating Activities	38.27	2.29	6.67	0.34	3.25	1.09
Change in Accounts Receivable	10.79	10.79	11.22	-85.91	-276.42	-121.75
Change in Inventory	-13.59	-13.59	9.1	85.77	-53.69	-31.09
Change in Accounts Payable	27.02	27.02	-6.61	-191.46	187.93	154.24
Change in Other Net Operating Assets	34.53	34.53	30.8	30.8	-	-
Operating Cash Flow	197.18	137.07	152.88	52.43	131.13	166.88
Operating Cash Flow Growth	17.27%	-10.34%	191.60%	-60.02%	-21.42%	12.66%
Capital Expenditures	-102.34	-67.27	-31	-17.74	-0.3	-1.49
Sale of Property, Plant & Equipment	1.91	3.14	12.74	-	-	-
Cash Acquisitions	-	-	-0.78	-2.47	-	-
Investment in Securities	-411.27	-31.04	-410.96	-	-	227
Other Investing Activities	23.96	19.94	6.26	-	-	9.32
Investing Cash Flow	-487.74	-75.23	-423.74	-20.21	-0.3	234.83
Long-Term Debt Issued	-	6	2.26	-	-	-
Long-Term Debt Repaid	-	-12.4	-11.16	-5.94	-20.18	-1.8
Net Debt Issued (Repaid)	0.84	-6.39	-8.9	-5.94	-20.18	-1.8
Issuance of Common Stock	4.98	-	-	970.33	-	12.63
Common Dividends Paid	-93.06	-30.6	-80.4	-	-37.15	-61.09
Other Financing Activities	0.74	0.02	-	-20.53	-	-
Financing Cash Flow	-86.5	-36.97	-89.3	943.86	-57.33	-50.27
Foreign Exchange Rate Adjustments	0.04	0.13	0.07	0.42	0.03	-0
Net Cash Flow	-377.02	25	-360.1	976.5	73.54	351.44
Free Cash Flow	94.84	69.8	121.88	34.69	130.83	165.39
Free Cash Flow Growth	-23.64%	-42.73%	251.35%	-73.49%	-20.89%	28.67%
Free Cash Flow Margin	14.53%	13.17%	23.03%	4.37%	14.76%	27.02%
Free Cash Flow Per Share	0.52	0.39	0.68	0.25	0.97	1.23
Cash Income Tax Paid	69.26	55.76	57.97	78.3	97.22	79.82
Levered Free Cash Flow	138.3	80.24	131.03	25.59	42.75	166.24
Unlevered Free Cash Flow	139.19	81.3	131.41	26.1	43.64	166.93
Change in Working Capital	51.86	51.86	33.37	-166.6	-149.41	-0.12

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