Hai Kwang Enterprise Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. 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	-109.05	37.72	53.32	210.83	459.71
Depreciation & Amortization	340.01	328.26	299.1	258.36	204.36
Loss (Gain) From Sale of Assets	11.36	-10.16	-	2.46	-0.04
Asset Writedown & Restructuring Costs	-1.45	-	-	-	-
Loss (Gain) From Sale of Investments	59.26	-37.82	-23.92	-299.89	2.28
Other Operating Activities	-20.92	3.59	-105.27	12.3	186.17
Change in Accounts Receivable	46.51	186.69	-112.32	67.43	-333.37
Change in Inventory	259.98	-663.65	-33.55	-73.14	452.93
Change in Accounts Payable	-37.89	-191.14	38.83	-18.38	167.6
Change in Unearned Revenue	-0.64	82.41	23.01	-173.12	146.29
Change in Other Net Operating Assets	-113.15	-39.99	-51.09	-253.3	-107.27
Operating Cash Flow	374.43	-292.36	109.87	45.67	1,185
Operating Cash Flow Growth	-	-	140.57%	-96.15%	-
Capital Expenditures	-245.57	-265.4	-527.74	-445.55	-579.74
Sale of Property, Plant & Equipment	1.66	10.16	-	1.2	0.8
Sale (Purchase) of Intangibles	-2.61	-0.87	-2.09	-5.84	-0.73
Investment in Securities	-0.29	60.25	58.3	-55.68	-67.43
Other Investing Activities	53.65	39.11	54.6	32.62	24.12
Investing Cash Flow	-193.15	-156.75	-416.93	-473.26	-622.98
Short-Term Debt Issued	9,158	10,199	7,449	10,190	8,026
Long-Term Debt Issued	1,001	1,876	306	1,056	564.75
Total Debt Issued	10,159	12,075	7,755	11,246	8,590
Short-Term Debt Repaid	-9,903	-10,101	-7,198	-9,953	-8,046
Long-Term Debt Repaid	-455.71	-1,305	-357.7	-690.48	-675.07
Total Debt Repaid	-10,359	-11,406	-7,556	-10,644	-8,721
Net Debt Issued (Repaid)	-199.26	668.49	199.44	602.61	-130.47
Common Dividends Paid	-	-	-	-271.9	-90.63
Other Financing Activities	-0.08	-9.57	-14.03	11.6	-33.89
Financing Cash Flow	-199.34	658.93	185.41	342.31	-255
Net Cash Flow	-18.07	209.81	-121.65	-85.28	306.92
Free Cash Flow	128.86	-557.76	-417.87	-399.88	605.15
Free Cash Flow Margin	1.44%	-5.74%	-4.46%	-3.62%	5.92%
Free Cash Flow Per Share	0.66	-2.87	-2.15	-2.06	3.11
Cash Interest Paid	99.48	98.4	93.53	67.24	42.68
Cash Income Tax Paid	-0.25	0.62	0.88	0.47	-0.01
Levered Free Cash Flow	169.78	-532.88	-420.04	-586.82	408.12
Unlevered Free Cash Flow	232.53	-474.73	-366.29	-547.07	431.64
Change in Working Capital	95.22	-613.96	-113.36	-138.39	332.41

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