SWX:KUDO 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	86.24	69.27	151.43	213.32	160.88	87.81
Depreciation & Amortization	27.22	27.22	23.72	12.64	6.18	5.15
Other Amortization	2.03	2.03	1.74	0.92	1.43	0.91
Loss (Gain) From Sale of Assets	-0.09	-0.09	-0.01	-0.14	-0.29	0.46
Asset Writedown & Restructuring Costs	0.03	0.03	0.05	0.05	6.81	0.2
Loss (Gain) From Sale of Investments	-18.13	-18.13	-13.27	-8.69	-4.61	-
Provision & Write-off of Bad Debts	19.62	19.62	28.75	12.48	12.61	8.83
Other Operating Activities	85.1	16.08	5.59	7.36	-	6.9
Change in Accounts Receivable	-6.44	-6.44	-116.49	-106.12	-195.21	-115.19
Change in Inventory	-226.43	-226.43	-44.95	-39.51	-123.92	-52.68
Change in Accounts Payable	217.36	217.36	-110.65	40.86	228.47	170.99
Operating Cash Flow	179.52	93.54	-79.6	129.78	88.97	112.24
Operating Cash Flow Growth	-	-	-	45.87%	-20.73%	77.00%
Capital Expenditures	-147.83	-78.2	-99.99	-157.62	-59.25	-54.65
Sale of Property, Plant & Equipment	0.1	0.01	0.07	0.23	12.03	0.19
Investment in Securities	21.57	123.79	-492.38	43.39	-251.4	-
Other Investing Activities	7.66	6.53	7.07	7.02	0.89	-0.23
Investing Cash Flow	-118.5	52.13	-585.23	-106.97	-297.73	-54.69
Long-Term Debt Repaid	-	-3.33	-2.82	-1.02	-	-
Total Debt Repaid	-3.33	-3.33	-2.82	-1.02	-	-
Net Debt Issued (Repaid)	-3.33	-3.33	-2.82	-1.02	-	-
Issuance of Common Stock	-	-	726.75	-	313.43	-
Repurchase of Common Stock	-15.06	-15.06	-	-	-	-
Common Dividends Paid	-29.8	-57.31	-64.77	-44.16	-44.16	-23
Other Financing Activities	17.03	-	-16.19	-	-14.89	-5.73
Financing Cash Flow	-31.16	-75.69	642.98	-45.18	254.38	-28.73
Foreign Exchange Rate Adjustments	1.53	1.07	4.68	0.85	-0.59	-1.64
Net Cash Flow	31.4	71.05	-17.17	-21.52	45.02	27.18
Free Cash Flow	31.7	15.34	-179.6	-27.84	29.72	57.58
Free Cash Flow Growth	-	-	-	-	-48.38%	18.34%
Free Cash Flow Margin	3.42%	2.04%	-19.75%	-2.75%	3.69%	10.38%
Free Cash Flow Per Share	0.11	0.05	-0.62	-0.10	0.12	0.27
Cash Income Tax Paid	12.66	39.63	63.14	60.06	37.48	44.55
Levered Free Cash Flow	27.66	5.19	-205.12	-96.2	-28.03	-3.86
Unlevered Free Cash Flow	27.76	5.35	-204.88	-96.1	-28.03	-3.86
Change in Working Capital	-22.48	-22.48	-277.61	-108.16	-94.03	1.97

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