Dalian Dalicap 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	Dec '21 Dec 31, 2021
Net Income	161.59	159.14	113.77	124.83	176.74	114.17
Depreciation & Amortization	23.53	23.53	24.84	22.09	18.5	-
Other Amortization	4.05	4.05	0.1	-	-	-
Loss (Gain) From Sale of Assets	-0.43	-0.43	-0	-0.01	-	-
Asset Writedown & Restructuring Costs	0.18	0.18	0.27	0.12	9.83	-
Loss (Gain) From Sale of Investments	-9.74	-9.74	-0.31	-	1.24	-
Provision & Write-off of Bad Debts	0.67	0.67	-0.08	0.96	-	-
Other Operating Activities	11.5	8.48	6.12	9.08	-3.04	-65.91
Change in Accounts Receivable	-5.72	-5.72	-25.97	-3.92	6.39	-
Change in Inventory	-15.83	-15.83	-6.78	48.07	-19.83	-
Change in Accounts Payable	-8.4	-8.4	-17.74	27.12	5.16	-
Operating Cash Flow	161.16	155.69	96.4	225.24	203.62	48.27
Operating Cash Flow Growth	48.46%	61.51%	-57.20%	10.62%	321.87%	-42.03%
Capital Expenditures	-11.07	-9.2	-16.57	-52.57	-65.28	-134.4
Sale of Property, Plant & Equipment	0.02	0.87	0.26	0.02	-	0.26
Investment in Securities	-538.05	-538.05	-	-	-	-5
Other Investing Activities	-189.87	9.81	-1.02	-	10.26	-6.7
Investing Cash Flow	-738.98	-536.57	-17.33	-52.55	-55.02	-145.84
Long-Term Debt Issued	-	-	-	11.21	47.34	119.14
Long-Term Debt Repaid	-	-0.44	-100.93	-98.54	-	-
Net Debt Issued (Repaid)	-0.44	-0.44	-100.93	-87.33	47.34	119.14
Issuance of Common Stock	-	-	-	478.97	-	-
Common Dividends Paid	-36	-36	-24.87	-5.64	-6.88	-34.76
Other Financing Activities	4	-	-34.98	-1.15	-	-2.04
Financing Cash Flow	-32.44	-36.44	-160.79	384.84	40.46	82.34
Foreign Exchange Rate Adjustments	-0.97	-0.73	0.85	0.68	9.81	-0.74
Net Cash Flow	-611.24	-418.06	-80.86	558.2	198.87	-15.98
Free Cash Flow	150.09	146.49	79.83	172.67	138.34	-86.13
Free Cash Flow Growth	62.04%	83.50%	-53.77%	24.81%	-	-
Free Cash Flow Margin	39.88%	40.43%	24.69%	49.95%	29.00%	-24.30%
Free Cash Flow Per Share	0.37	0.37	0.20	0.51	0.41	-0.26
Cash Income Tax Paid	47.8	47.07	35.98	39.95	2.69	11.11
Levered Free Cash Flow	117.6	105.44	9.93	107.82	48.33	-98.4
Unlevered Free Cash Flow	117.6	105.44	10.43	111.26	52.56	-97.87
Change in Working Capital	-30.19	-30.19	-48.31	68.18	0.35	-

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