SigmaStar 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	308.37	256.26	204.71	564.31	753.7
Depreciation & Amortization	132.59	130.26	108.71	96.91	71.01
Other Amortization	10.06	6.95	4.91	1.07	0.52
Loss (Gain) From Sale of Assets	-0.22	0.06	-0.52	-0.23	-
Asset Writedown & Restructuring Costs	-5.16	-12.78	-	-	-
Loss (Gain) From Sale of Investments	-53.89	-70.6	12.85	-27.98	-17.68
Stock-Based Compensation	-	-	-	-	22.74
Provision & Write-off of Bad Debts	-	-	-	-	0.41
Other Operating Activities	28.13	-0.5	9.86	-1.12	39.9
Change in Accounts Receivable	-123.93	21.88	-9.55	45.89	-87.08
Change in Inventory	-83.84	-15.04	25.19	89.91	-663.9
Change in Accounts Payable	196.66	59.3	56.68	-225.1	202.99
Change in Other Net Operating Assets	32.71	36.76	32.31	30.89	-
Operating Cash Flow	446.42	418.78	434.52	556.09	317.68
Operating Cash Flow Growth	6.60%	-3.62%	-21.86%	75.05%	236.28%
Capital Expenditures	-91.91	-198.55	-209.62	-108.05	-149.44
Sale of Property, Plant & Equipment	0.08	-	20.8	-	-
Cash Acquisitions	-188.89	-	-	-	-
Investment in Securities	-452.17	-749.01	-825.11	-74.85	-210
Other Investing Activities	91.22	40.6	-199.64	22.76	-93.22
Investing Cash Flow	-641.67	-906.95	-1,214	-160.13	-452.66
Long-Term Debt Issued	780.02	425	1,057	904.04	400.19
Long-Term Debt Repaid	-319.12	-440.52	-436.27	-865.46	-353.26
Net Debt Issued (Repaid)	460.9	-15.52	620.46	38.58	46.94
Issuance of Common Stock	11.91	627.9	-	-	166.74
Common Dividends Paid	-113.07	-60.59	-10.7	-368.79	-0.42
Other Financing Activities	-112.14	-70.69	-60.65	-45.79	-32.27
Financing Cash Flow	247.61	481.1	549.11	-376	180.99
Foreign Exchange Rate Adjustments	-4.65	3.4	6.26	7.29	-1.15
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	47.71	-3.67	-223.66	27.24	44.86
Free Cash Flow	354.51	220.23	224.9	448.04	168.24
Free Cash Flow Growth	60.97%	-2.08%	-49.80%	166.31%	172.98%
Free Cash Flow Margin	11.93%	9.36%	11.13%	18.92%	6.26%
Free Cash Flow Per Share	0.84	0.53	0.59	1.18	0.46
Cash Income Tax Paid	16.5	16.23	-10.15	-21.01	-27.53
Levered Free Cash Flow	76.36	52.39	141.3	209.88	-91.75
Unlevered Free Cash Flow	95.29	69.22	150.28	215.3	-90.56
Change in Working Capital	26.54	109.13	94	-76.87	-552.9

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.