Jiujiang Defu 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	25.58	-245.11	132.63	503.42	466.1	18.29
Depreciation & Amortization	334.1	334.1	256.54	167.11	97.34	70.47
Other Amortization	5.01	5.01	1.37	0.49	1.04	0.54
Loss (Gain) From Sale of Assets	0.29	0.29	1.32	17.68	1.52	0
Asset Writedown & Restructuring Costs	2.15	2.15	0.08	0	0.11	0.02
Loss (Gain) From Sale of Investments	6.72	6.72	-0.75	-3.23	-1.24	-0.56
Provision & Write-off of Bad Debts	-2.97	-2.97	22.84	7.22	4.99	1.5
Other Operating Activities	-341.53	188.08	200.25	301.82	174.15	42.03
Change in Accounts Receivable	-1,463	-1,463	-1,051	-1,481	-1,042	-668.87
Change in Inventory	196.13	196.13	-594.45	-514	-308.89	-112.42
Change in Accounts Payable	448.32	448.32	585.52	627.77	285.89	262.11
Change in Other Net Operating Assets	-0.3	-0.3	-	0.54	4.7	13.56
Operating Cash Flow	-808.8	-549.89	-476.65	-371.83	-309.7	-379.23
Capital Expenditures	-910.22	-749.83	-1,457	-1,477	-899.71	-132.44
Sale of Property, Plant & Equipment	0.41	0	1.47	11.23	0.36	0.54
Investment in Securities	-451.57	-80	-25	117.67	-122.45	29.8
Other Investing Activities	11.8	-78.35	0.89	3.28	1.09	0.56
Investing Cash Flow	-1,350	-908.18	-1,479	-1,345	-1,021	-101.54
Short-Term Debt Issued	-	889.31	762.13	556.3	273.27	286.38
Long-Term Debt Issued	-	5,424	4,489	2,676	1,413	325.85
Total Debt Issued	10,309	6,313	5,251	3,232	1,686	612.23
Long-Term Debt Repaid	-	-4,826	-2,446	-989.11	-337.33	-354.52
Net Debt Issued (Repaid)	1,690	1,487	2,804	2,243	1,349	257.71
Issuance of Common Stock	500	-	1,790	-	769	160
Common Dividends Paid	-230.65	-129.15	-143.66	-99.94	-53.3	-35.06
Other Financing Activities	-76.3	-675.06	-1,472	-729.86	-44.42	79.56
Financing Cash Flow	1,883	683.24	2,979	1,413	2,020	462.21
Foreign Exchange Rate Adjustments	-0.22	0.16	-0.07	-	-	-
Net Cash Flow	-275.96	-774.66	1,023	-303.98	689.74	-18.55
Free Cash Flow	-1,719	-1,300	-1,933	-1,849	-1,209	-511.66
Free Cash Flow Margin	-15.68%	-16.65%	-29.60%	-28.98%	-30.34%	-35.87%
Free Cash Flow Per Share	-2.74	-2.07	-4.81	-3.46	-2.35	-1.60
Cash Interest Paid	-	-	-	-	31.29	15.94
Cash Income Tax Paid	-	37.52	-132.7	162.91	101.69	4.51
Levered Free Cash Flow	-1,746	-1,226	-2,831	-1,172	-911.18	-107.68
Unlevered Free Cash Flow	-1,557	-1,051	-2,677	-1,049	-838.67	-67.44
Change in Working Capital	-838.16	-838.16	-1,091	-1,366	-1,054	-511.52

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